A quick peek into the report
Table of Contents
Executive Summary
1.1 Scope of the Report
1.2 Asia Pacific HVAC Market Research Methodology
2.1 Market Drivers
2.1.1 Growing Urban population
2.1.2 Varying Climatic Conditions
2.1.3 Economic Growth and Increase in Disposable Income
2.2 Challenges
2.2.1 Hazardous Emissions Impacting the Environment
2.2.2 Rise in Energy Consumption
2.3 Opportunities
2.3.1 Developing HVAC Products for Alternate Sources of Energy
2.3.2 Demand for Green Buildings
3.1 Key Market Developments & Strategies
3.1.1 New Product Launches and Developments
3.1.2 Partnership, Collaborations, Agreements and Contracts
3.1.3 Business Expansion and Joint Venture
3.2 Industry Attractiveness
4.1 Patent Analysis
4.2 Consortium, Association and Regulatory Bodies
4.2.1 Regulatory standards in Asia Pacific
4.2.2 Supply Chain Analysis
5.1 Assumptions for Analysis and Forecast of the Asia Pacific HVAC Market
5.2 Market overview
5.2.1 China HVAC Market Analysis and Forecast, by Product (Volume and Value)
5.2.1.1 Windows and Portable Market
5.2.1.2 Mini Split Market
5.2.1.3 Single Packaged Air Conditioner Market
5.2.1.4 Chiller Market
5.2.1.5 Air Handling Unit (AHU) and Fan Coil Unit (FCU) Market
5.2.2 Japan HVAC Market Analysis and Forecast, by Product (Volume and Value)
5.2.2.1 Windows and Portable Market
5.2.2.2 Mini Split Market
5.2.2.3 Single Packaged Air Conditioner Market
5.2.2.4 Chiller Market
5.2.2.5 Air Handling Unit (AHU) and Fan Coil Unit (FCU) Market
5.2.3 India HVAC Market Analysis and Forecast, by Product (Volume and Value)
5.2.3.1 Windows and Portable Market
5.2.3.2 Mini Split Market
5.2.3.3 Single Packaged Air Conditioner Market
5.2.3.4 Chiller Market
5.2.3.5 Air Handling Unit (AHU) and Fan Coil Unit (FCU) Market
5.2.4 Australia HVAC Market Analysis and Forecast, by Product (Volume and Value)
5.2.4.1 Windows and Portable Market
5.2.4.2 Mini Split Market
5.2.4.3 Single Packaged Air Conditioner Market
5.2.4.4 Chiller Market
5.2.4.5 Air Handling Unit (AHU) and Fan Coil Unit (FCU) Market
5.2.5 New Zealand HVAC Market Analysis and Forecast, by Product (Volume and Value)
5.2.5.1 Windows and Portable Market
5.2.5.2 Mini Split Market
5.2.5.3 Single Packaged Air Conditioner Market
5.2.5.4 Chiller Market
5.2.5.5 Air Handling Unit (AHU) and Fan Coil Unit (FCU) Market
5.2.6 Others (South Korea, Malaysia, Vietnam, Indonesia, Thailand and Singapore, among others) HVAC Market Analysis and Forecast, by Product (Volume and Value)
5.2.6.1 Windows and Portable Market
5.2.6.2 Mini Split Market
5.2.6.3 Single Packaged Air Conditioner Market
5.2.6.4 Chiller Market
5.2.6.5 Air Handling Unit (AHU) and Fan Coil Unit (FCU) Market
6.1 Midea Group
6.1.1 Overview
6.1.2 Financials
6.1.3 Revenue across Different Geographies
6.1.4 Net Revenue by Business Segment
6.1.4.1 Financial Summary
6.1.5 SWOT Analysis
6.2 Fujitsu
6.2.1 Company Overview
6.2.2 Financials
6.2.3 Net Revenue by Business Segment
6.2.4 Revenue across Different Geographies
6.2.4.1 Financial Summary
6.2.5 SWOT Analysis
6.3 Gree Electric Appliances Inc.
6.3.1 Overview
6.3.2 Financials
6.3.3 Revenue across Different Geographies
6.3.4 Net Revenue by Business Segment
6.3.4.1 Financial Summary
6.3.5 SWOT Analysis
6.4 Hitachi
6.4.1 Hitachi Overview
6.4.2 Financials
6.4.3 Revenue across Different Geographies
6.4.4 Net Revenue by Business Segment
6.4.4.1 Financial Summary
6.4.5 SWOT Analysis
6.5 Samsung Electronics
6.5.1 Company Overview
6.5.2 Financials
6.5.3 Net Revenue by Business Segment
6.5.4 Revenue across Different Geographies
6.5.4.1 Financial Summary
6.5.5 SWOT Analysis
6.6 United Technologies Corporation (CARRIER)
6.6.1 Company Overview
6.6.2 Financials
6.6.3 Net Revenue by Business Segment
6.6.4 Revenue across Different Geographies
6.6.4.1 Financial Summary
6.6.5 SWOT Analysis
6.7 Daikin Industries Ltd.
6.7.1 Company Overview
6.7.2 Financials
6.7.3 Revenue across Different Geographies
6.7.4 Net Revenue by Business Segment
6.7.4.1 Financial Summary
6.7.5 SWOT Analysis
6.8 LG Corporation
6.8.1 Overview
6.8.2 Overall Financials
6.8.3 Net Revenue by Business Segment
6.8.4 Revenue across Different Geographies
6.8.4.1 Financial Summary
6.8.5 SWOT Analysis
6.9 Mitsubishi Electric Corp.
6.9.1 Company Overview
6.9.2 Financials
6.9.3 Net Revenue by Business Segment
6.9.4 Revenue across Different Geographies
6.9.4.1 Financial Summary
6.9.5 SWOT Analysis
6.10 Panasonic Corporation
6.10.1 Company Overview
6.10.2 Financials
6.10.3 Net Revenue by Business Segment
6.10.4 Revenue across Different Geographies
6.10.4.1 Financial Summary
6.10.5 SWOT Analysis
Table 2.1 APAC Countries Urban Population Profile (2015)
Table 3.1 New Product Launch and Development
Table 3.2 Partnerships, Collaborations, Agreements and Contracts
Table 3.3 Business Expansion and Joint Venture
Table 3.4 Key Factors considered for threat from New Entrants in Asia Pacific HVAC Market
Table 3.5 Key Factors Affecting Bargaining Power of Buyers in the APAC HVAC Market
Table 3.6 Key Factors affecting the Bargaining Power of Suppliers in the APAC HVAC Market
Table 3.7 Key Factors affecting threat of Substitute Products or Services in the APAC HVAC Market
Table 3.8 Key Factors determining Rivalry among Existing Firms in the APAC HVAC Market
Table 4.1 Some Recent Patents of Significant HVAC Players
Table 4.2 Some Associations/Consortium
Table 4.3 National Codes Relevant to Green Building Evaluation Standards
Table 4.4 Revised GWP deadlines for Refrigerants for Air Conditioning Equipment
Table 4.5 Bee Star Level Rating and Air Conditioning Products (From 01-01-2014 to 31-12-2015)
Table 4.6 MEPS Energy Performance Standards and Air Conditioning Products
Table 5.1 China: Windows & Portable/ Movable Air Conditioner Market by Volume (000’ Units)
Table 5.2 China: Windows & Portable/ Movable Air Conditioner Market Value
Table 5.3 China: Mini Split Air Conditioner Market by Volume
Table 5.4 China: Mini Split Air Conditioner Market by Value
Table 5.5 China: Single Packaged Air Conditioner Market Volume (000’ Units)
Table 5.6 China: Single Packaged Air Conditioner Market Value
Table 5.7 China: Chiller Market by Volume
Table 5.8 China: Chiller Market by Value
Table 5.9 China: FCU&AHU Market by Volume
Table 5.10 China: FCU&AHU Market by Value
Table 5.11 Japan: Windows & Portable/ Movable Air Conditioner Market by Volume (000’ Units)
Table 5.12 Japan: Windows & Portable/ Movable Air Conditioner Market Value
Table 5.13 Japan: Mini Split Air Conditioner Market by Volume
Table 5.14 Japan: Mini Split Air Conditioner Market by Value
Table 5.15 Japan: Single Packaged Air Conditioner Market Volume (000’ Units)
Table 5.16 Japan: Single Packaged Air Conditioner Market Value
Table 5.17 Japan: Chiller Market by Volume
Table 5.18 Japan: Chiller Market by Value
Table 5.19 Japan: FCU&AHU Market by Volume
Table 5.20 Japan: FCU&AHU Market by Value
Table 5.21 India: Windows & Portable/ Movable Air Conditioner Market by Volume (000’ Units)
Table 5.22 India: Windows & Portable/ Movable Air Conditioner Market Value
Table 5.23 India: Mini Split Air Conditioner Market by Volume
Table 5.24 India: Mini Split Air Conditioner Market by Value
Table 5.25 India: Single Packaged Air Conditioner Market Volume (000’ Units)
Table 5.26 India: Single Packaged Air Conditioner Market Value
Table 5.27 India: Chiller Market by Volume
Table 5.28 India: Chiller Market by Value
Table 5.29 India: FCU&AHU Market by Volume
Table 5.30 India: FCU&AHU Market by Value
Table 5.31 Australia: Windows & Portable/ Movable Air Conditioner Market by Volume (000’ Units)
Table 5.32 Australia: Windows & Portable/ Movable Air Conditioner Market Value
Table 5.33 Australia: Mini Split Air Conditioner Market by Volume
Table 5.34 Australia: Mini Split Air Conditioner Market by Value
Table 5.35 Australia: Single Packaged Air Conditioner Market Volume (000’ Units)
Table 5.36 Australia: Single Packaged Air Conditioner Market Value
Table 5.37 Australia: Chiller Market by Volume
Table 5.38 Australia: Chiller Market by Value
Table 5.39 Australia: FCU&AHU Market by Volume
Table 5.40 Australia: FCU&AHU Market by Value
Table 5.41 New Zealand: Windows & Portable/Movable Air Conditioner Market by Volume (000’ Units)
Table 5.42 New Zealand: Windows & Portable/ Movable Air Conditioner Market Value
Table 5.43 New Zealand: Mini Split Air Conditioner Market by Volume
Table 5.44 New Zealand: Mini Split Air Conditioner Market by Value
Table 5.45 New Zealand: Single Packaged Air Conditioner Market Volume (000’ Units)
Table 5.46 New Zealand: Single Packaged Air Conditioner Market Value
Table 5.47 New Zealand: Chiller Market by Volume
Table 5.48 New Zealand: Chiller Market by Value
Table 5.49 New Zealand: FCU&AHU Market by Volume
Table 5.50 New Zealand: FCU&AHU Market by Value
Table 5.51 Others: Windows & Portable/ Movable Air Conditioner Market by Volume (000’ Units)
Table 5.52 Other: Windows & Portable/ Movable Air Conditioner Market Value
Table 5.53 Others: Mini Split Air Conditioner Market by Volume
Table 5.54 Others: Mini Split Air Conditioner Market by Value
Table 5.55 Others: Single Packaged Air Conditioner Market Volume (000’ Units)
Table 5.56 Other Single Packaged Air Conditioner Market Value
Table 5.57 Others: Chiller Market by Volume
Table 5.58 Others: Chiller Market by Value
Table 5.59 Other: FCU&AHU Market by Volume
Table 5.60 Other: FCU&AHU Market by Value
Figure 1 APAC HVAC market size (‘000 units) snapshot
Figure 2 APAC HVAC Market Snapshot, by Country:
Figure 3 APAC HVAC Market Volume (‘000 units), by Country
Figure 1.1 Market Segmentation
Figure 1.2 Secondary data sources
Figure 1.3 Bottom up Approach
Figure 1.4 APAC HVAC Market Influencing Factors
Figure 1.5 Assumptions and limitations
Figure 2.1 Market Dynamics Snapshot
Figure 3.1 Recent Market Development Strategy Snapshot Analysis
Figure 4.1 Supply Chain Analysis
Figure 6.1 Midea Group: Overall Financials, 2013-2015
Figure 6.2 Midea Group: Revenue across Different Geographies, 2013-2015
Figure 6.3 5 Midea: Net Revenue by Business Segment, 2013-201
Figure 6.4 Midea: SWOT Analysis
Figure 6.5 Fujitsu: Overall Financials, 2014-2016
Figure 6.6 Fujitsu: Net Revenue by Business Segment, 2014-2016
Figure 6.7 Fujitsu: Revenue across Different Geographies, 2014-2016
Figure 6.8 Fujitsu: SWOT Analysis
Figure 6.9 Gree Electric Appliances: Overall Financials, 2013-2015
Figure 6.10 Gree Electric Appliances: Revenue across Different Geographies, 2013-2015
Figure 6.11 Gree Electric Appliances: Net Revenue by Business Segment, 2013-2015
Figure 6.12 Gree Electric: SWOT Analysis
Figure 6.13 Hitachi: Overall Financials, 2014-2016
Figure 6.14 Hitachi: Revenue across Different Geographies, 2014-2016
Figure 6.15 Hitachi: Net Revenue by Business Segment, 2014-2016
Figure 6.16 Hitachi: SWOT Analysis
Figure 6.17 Samsung: Overall Financials, 2013-2015
Figure 6.18 Samsung: Net revenue by Business Segment, 2013-2015
Figure 6.19 Panasonic: Revenue across Different Geographies, 2013-2015
Figure 6.20 Samsung: SWOT Analysis
Figure 6.21 United Technologies: Overall Financials, 2013-2015
Figure 6.22 United Technologies: Net Revenue by Business Segment, 2013-2015
Figure 6.23 United Technologies: Revenue across Different Geographies, 2013-2015
Figure 6.24 United Technologies: SWOT Analysis
Figure 6.25 Daikin: Overall Financials, 2014-2016
Figure 6.26 Daikin: Revenue across Different Geographies, 2014-2016
Figure 6.27 Daikin: Net Revenue by Business Segment, 2014-2016
Figure 6.28 Daikin: SWOT Analysis
Figure 6.29 L.G.: Overall Financials, 2013-2015
Figure 6.30 L.G.: Revenue by Different Business Segments, 2014-2015
Figure 6.31 L.G.: Revenue across Different Geographies, 2013-2015
Figure 6.32 L.G.: SWOT Analysis
Figure 6.33 Mitsubishi Electric Corporation: Overall Financials, 2014-2016
Figure 6.34 Mitsubishi Electric Corporation: Revenue by Different Business Segments, 2014-2016
Figure 6.35 Mitsubishi Electric Corporation: Revenue across Different Geographies, 2014-2016
Figure 6.36 Mitsubishi Electric Corporation: SWOT Analysis
Figure 6.37 Panasonic: Overall Financials, 2014-2016
Figure 6.38 Panasonic: Net revenue by Business Segment, 2014-2016
Figure 6.39 Panasonic: Revenue across Different Geographies, 2014-2016
Figure 6.40 Panasonic: SWOT Analysis
Key Questioned Answered in this Report
The following key questions are answered in the “Asia Pacific (APAC) HVAC Market, 2016-2022” report:
- What are major types of HVAC products prevalent in the APAC region?
- Who are the major players in the APAC HVAC market and their respective company profile?
- What are the key market developments and strategies of significant players in the APAC HVAC market?
- What are the major drivers, challenges and opportunities for the APAC HVAC market?
- What is the market size (value and volume) of window and portable/moveable air conditioners in major countries across the APAC region?
- What is the market size (value and volume) of mini split systems in different countries across the APAC region?
- What is the market size (value and volume) of single packed systems in different countries across the APAC region?
- What is the market size (value and volume) of chillers in the APAC HVAC market?
- What is the market size (value and volume) of AHU and FCU in different countries across the APAC region?
Report Description
The Asia-Pacific AC market is currently exhibiting a paradigm shift towards adopting the latest technologies and environmental friendly cooling solutions such as the Variable Refrigerant Flow (VRF) technology and the introduction of R32 low Global Warming Potential (GWP) refrigerants. Different regulatory, energy and green building standards across the Asia-Pacific region (such as Australian Minimum energy performance standards or Indian Bureau of Energy Efficiency and Labelling Standards) are some of the major reasons why manufacturers are actively adopting more advanced cooling technologies.
Since major environmental concerns such as global warming and other issues are gradually increasing, the government bodies are actively regulating the manufacturing standards of the air conditioning systems. The major aim of these regulations is to make the Air Conditioners (ACs) more environment friendly and energy efficient. The consumers/end users are benefiting indirectly from these regulations as their overall energy spending is extensively reduced. Energy usage is on a gradual increase and thus, due to this reason, many companies have started manufacturing and promoting the air conditioners which are running on renewable energy sources like geothermal and solar energy.
This study includes an overview and analysis of the Heating Ventilation and Air Conditioning (HVAC) market, by type of products mapped across the Asia Pacific region; allowing the researcher to develop a comprehensive outlook of the market. The HVAC market report presents a detailed analysis of the key market dynamics and provides an extensive insight into various forms of developments, trends and key participants. While highlighting the key driving and restraining forces for this dynamic market, the report also provides a comprehensive in-depth analysis of the Porter’s Five Forces Model of the HVAC market and an assessment of the factors governing it. The report builds itself upon an all-inclusive value chain providing a clear understanding of the ecosystem of the HVAC market penetration.
To present an overview and a comprehensive outlook of the HVAC market in the region, the study has been segmented according to different types of HVAC products including window & portable air conditioners, split air conditioners, single packaged units, chillers and Fan Coil Unit (FCU) & Air Handling Unit (AHU).
The report includes the profiles of major players such as Daikin, Mitsubishi, Panasonic and Samsung, among others in the HVAC market that allows the readers to gain an insight into the various industry trends.
Market Overview
The growth of the APAC HVAC market is owing to various key factors such as growing urban population, increase in disposable income, and varying climatic conditions. The region experience extreme climatic conditions. South-East Asian countries such as Thailand and Malaysia are known for their wet and humid climates. The Asia Pacific region is in dire need of energy efficient air conditioners in order to offset hot and extreme weather conditions. Climate variability and change is acting as a key driver for the growth of the HVAC market in the APAC region.
Construction activities across residential and commercial infrastructure are expected to bolster due to the growing housing needs of the rising APAC urban population. There has been an increased demand for residential construction in countries such as China, Japan and India to accommodate the growing requirements of the expanding middle class population.
The market by volume is growing at a CAGR of 3.27% from 2016 to 2022, in which China is a dominant player.
Given its size and landscape, China covers a wide ambit of climate zones. This acts as a key factor for the growth of the HVAC market.
Japan acquires the second largest market share in Asia Pacific region for the HVAC market.
High temperature during the summer in the northern part of India and high humidly levels in the southern and western regions are driving the growth of the air conditioning market forward in India. Proliferation of commercial and residential construction is also expected to drive the HVAC sales for this country. Over the recent times, a shift in consumer preference towards energy efficient products have been observed in this country.
The demand for HVAC products in the Australian market is mainly driven by factors such as rising population, developments in the residential markets, and growing commercial and industrial units, among others.
The economic environment outlook of the APAC region remains favourable for the region to remain a global market leader in the future.