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The scope of this report is focused towards global heating, ventilation and air conditioning (HVAC) market. The study includes the analysis of HVAC products, in addition to the market study of the HVAC industry across different geographies. The study presents a detailed examination of HVAC products in different regions along these lines: market value, market volume, drivers, growth opportunity, and challenges.
This report includes the key market developments and strategies in HVAC market across major geographic regions across the world. The market size and compound annual growth rate (CAGR) have been estimated considering and analyzing the use cases in different verticals and are discussed in the report.
The figure below displays the list of market coverage features which have been incorporated in this research study. Major market segment includes global HVAC product market across geographical regions including The Americas, Europe, Asia-Pacific and Others (Middle East and Africa, MEA).
The figure above displays the list of market coverage features which have been incorporated in this research study. Major market segment includes global HVAC product market across geographical regions including The Americas, Europe, Asia-Pacific and Others (Middle East and Africa, MEA).
The following key questions are answered in the “Global HVAC Market, 2016-2022 report”.
. What are major types of HVAC products prevalent in global HVAC market?
. Who are the major players in global HVAC market and their respective company profile?
. What are the key market developments and strategies of leading players in global HVAC market?
. What are major drivers, challenges and opportunities for global HVAC market?
. What is the global market size (value and volume) of window and portable air conditioners?
. What is the market size (value and volume) of window and portable air conditioners across different geographies?
. What is the global market size (value and volume) of split systems? What is the market size (value and volume) of split systems across different geographies?
. What is the global market size (value and volume) of single packed systems? What is the market size (value and volume) of single packaged systems across different geographies?
. What is the global market size (value and volume) of chillers? What is the market size (value and volume) of chillers across different geographies?
. What is the global market size (value and volume) of air handling unit and fan coil unit? What is the market size (value and volume) of air handling unit and fan coil unit across different geographies?
| TABLE OF CONTENT | ||
| 1 | REPORT SCOPE | |
| 1.1 | Research Scope | |
| 1.2 | Report Coverage | |
| 1.2.1 | Market Segmentation, By Product | |
| 1.2.2 | Market Segmentation, By Geography | |
| 2 | BIS RESEARCH METHODOLOGY | |
| 2.1 | Research Methodology | |
| 2.2 | Data Triangulation | |
| 2.3 | Research Findings From Primary And Secondary Research | |
| 2.4 | Bottom-Up Approach | |
| 2.5 | Top-Down Approach | |
| 2.6 | Report Description | |
| 2.7 | Research Study Flow | |
| 2.8 | Assumptions And Limitations Of The Research Study | |
| 2.9 | Assumptions And Limitations For Market Estimation | |
| 2.10 | Macro Factors | |
| 2.11 | Micro Factors | |
| 3 | EXECUTIVE SUMMARY | |
| 4 | MARKET DYNAMICS | |
| 4.1 | Drivers | |
| 4.2 | Opportunities | |
| 4.3 | Challenges | |
| 5 | COMPETITIVE INSIGHTS | |
| 5.1 | Key Market Developments & Strategies | |
| 5.2 | Porters Five Forces Analysis | |
| 5.3 | Global HVAC Market: Distribution Channel Analysis | |
| 5.4 | Global HVAC Market Scenario | |
| 6 | GLOBAL WINDOWS AND PORTBALE AIR CONDITIONERS MARKET | |
| 6.1 | Introduction | |
| 6.2 | Global Window & Portable Ac Market, By Geography | |
| 6.3 | Global Window & Portable Ac Market, By Volume | |
| 6.4 | Global Window & Portable Ac Market, By Value | |
| 7 | GLOBAL SPLIT AIR CONDITIONERS MARKET | |
| 7.1 | Introduction | |
| 7.2 | Global Split Air Conditioner Market, By Geography | |
| 7.3 | Global Split Air Conditioner Market | |
| 7.4 | Global Split Air Conditioner Market, By Volume | |
| 7.5 | Global Split Air Conditioner Market, By Value | |
| 7.6 | Global Split Ductless Air Conditioner Market, By Type | |
| 7.7 | Global Split Ductless Air Conditioner Market, By Capacity | |
| 7.8 | Global Split Ducted Air Conditioner Market, By Capacity | |
| 7.9 | Global Split Ductless Air Conditioner Market, By Type | |
| 7.10 | Global Split Ducted Air Conditioner Market, By Type | |
| 8 | GLOBAL SINGLE PACKAGED AIR CONDITIONERS MARKET | |
| 8.1 | Introduction | |
| 8.2 | Global Single Pacakged Market, By Geography | |
| 8.3 | Global Single Packaged Air Conditioner Market, By Volume | |
| 8.4 | Global Single Packaged Air Conditioner Market, By Value | |
| 9 | GLOBAL CHILLER MARKET | |
| 9.1 | Introduction | |
| 9.2 | Global Chiller Market, By Geography | |
| 9.3 | Global Chiller Market | |
| 9.4 | Global Chiller Market, By Volume | |
| 9.5 | Global Chiller Market, By Value | |
| 9.6 | Global Chiller Market, By Type | |
| 9.7 | Global Chiller Market, By Cooling | |
| 9.8 | Global Chiller Market, By Capacity | |
| 10 | GLOBAL AIR HANDLING UNIT AND FAN COIL UNIT MARKET | |
| 10.1 | Introduction | |
| 10.2 | Global Fcu & Ahu Market, By Geography | |
| 10.3 | Global Fcu&Ahu Market, By Volume | |
| 10.4 | Global Fcu&Ahu Market, By Value | |
| 11 | GLOBAL HVAC MARKET BY GEOGRAPHY | |
| 11.1 | The Americas HVAC Market | |
| 11.1.1 | The Americas HVAC Market, By Volume | |
| 11.1.2 | The Americas HVAC Market, By Value | |
| 11.1.3 | The Americas Window & Portable Market, By Volume And Value | |
| 11.1.4 | The Americas Split Market, By Volume And Value | |
| 11.1.5 | The Americas Single Packaged Market, By Volume And Value | |
| 11.1.6 | The Americas Chiller Market, By Volume And Value | |
| 11.1.7 | The Americas Air Handling Unit And Fan Coil Unit Market, By Volume And Value | |
| 11.1.8 | Key Market Trends And Developments | |
| 11.2 | Europe HVAC Market | |
| 11.2.1 | Europe HVAC Market, By Volume | |
| 11.2.2 | Europe HVAC Market, By Value | |
| 11.2.3 | Europe Window & Portable Market, By Volume And Value | |
| 11.2.4 | Europe Split Market, By Volume And Value | |
| 11.2.5 | Europe Single Packaged Market, By Volume And Value | |
| 11.2.6 | Europe chiller market, by volume and value | |
| 11.2.7 | Europe Air Handling Unit And Fan Coil Unit Market, By Volume And Value | |
| 11.2.8 | Key Market Trends And Developments | |
| 11.3 | Asia-Pacific HVAC Market | |
| 11.3.1 | Asia-Pacific HVAC Market, By Volume | |
| 11.3.2 | Asia-Pacific HVAC Market, By Value | |
| 11.3.3 | Asia-Pacific Window & Portable Market, By Volume And Value | |
| 11.3.4 | Asia-Pacific Split Market, By Volume And Value | |
| 11.3.5 | Asia-Pacific Single Packaged Market, By Volume And Value | |
| 11.3.6 | Asia-Pacific Chiller Market, By Volume And Value | |
| 11.3.7 | Asia-pacific air handling unit and fan coil unit market, by volume and value | |
| 11.3.8 | Key Market Trends And Developments | |
| 11.4 | Others (Middle East And Africa HVAC Market) | |
| 11.4.1 | Middle East And Africa (Mea) HVAC Market, By Volume | |
| 114.2 | Middle East And Africa (Mea) HVAC Market, By Value | |
| 11.4.3 | Middle East And Africa (Mea) Window & Portable Market, By Volume And Value | |
| 11.4.4 | Middle East And Africa (Mea) Split Market, By Volume And Value | |
| 11.4.5 | Middle East And Africa (Mea) Single Packaged Market, By Volume And Value | |
| 11.4.6 | Middle East And Africa (Mea) Chiller Market, By Volume And Value | |
| 11.4.7 | Middle East And Africa (Mea) Air Handling Unit And Fan Coil Unit Market, By Volume And Value | |
| 11.4.8 | Key Market Trends And Developments | |
| 12 | KEY MARKET PLAYERS | |
| ABOUT COMPANY, BUSINESS OVERVIEW, BUSINESS SEGMENTS, PRODUCTS & SERVICES, AND KEY DEVELOPMENTS | ||
| NOTE: THE ABOVE INFORMATION WILL BE PROVIDED FOR ALL PLAYERS LISTED BELOW. | ||
| DETAILS ON BUSINESS OVERVIEW & FINANCIALS MIGHT NOT BE CAPTURED IN CASE OFUNLISTED COMPANIES | ||
| 12.1 | Daikin industries ltd. | |
| 12.2 | Gree electric appliances inc. | |
| 12.3 | Lg Corporation | |
| 12.4 | Midea Group | |
| 12.5 | United Technologies Corporation (Carrier) | |
| 12.6 | Zamil Air Conditioners | |
| 12.7 | Panasonic Corporation | |
| 12.8 | Samsung Electronics | |
| 12.9 | Johnson Controls | |
| 12.10 | Ingersoll Rand | |
| 13 | APPENDIX | |
| 13.1 | Related Reports | |
| LIST OF FIGURES | ||
| 1 | MARKET SEGMENTATION | |
| 2 | MIDDLE EAST AND AFRICA HVAC MARKET, BY PRODUCT | |
| 3 | MIDDLE EAST AND AFRICA HVAC MARKET, BY REGION | |
| 4 | RESEARCH METHODOLOGY | |
| 5 | DATA TRIANGULATION | |
| 6 | RESEARCH FINDINGS FROM PRIMARY AND SECONDARY RESEARCH | |
| 7 | BOTTOM-UP APPROACH | |
| 8 | TOP-DOWN APPROACH | |
| 9 | REPORT DESCRIPTION | |
| 10 | RESEARCH STUDY FLOW | |
| 13 | GLOBAL REAL GDP GROWTH RATE (%) | |
| 14 | DEVELOPING COUNTRIES REAL GDP GROWTH RATE (%) | |
| 15 | REGIONAL POPULATION PROJECTIONS (BILLION), 2000, 2050 | |
| 16 | GLOBAL HVAC MARKET, BY VOLUME (000’ UNITS) | |
| 17 | GLOBAL HVAC MARKET, BY VALUE ($MILLION) | |
| 18 | GLOBAL HVAC MARKET, BY GEOGRAPHY (000’ UNITS) | |
| 19 | GLOBAL HVAC MARKET, BY GEOGRAPHY ($MILLION) | |
| 20 | MARKET DYNAMICS | |
| 21 | PORTERS FIVE FORCES ANALYSIS | |
| 22 | GLOBAL HVAC MARKET: DISTRIBUTION CHANNEL ANALYSIS | |
| 23 | GLOBAL HVAC MARKET SCENARIO, 2016 | |
| 24 | GLOBAL WINDOWS & PORTABLE AIR CONDITIONER MARKET VALUE ($MILLION), BY GEOGRAPHY | |
| 25 | GLOBAL WINDOWS & PORTABLE AIR CONDITIONER MARKET VOLUME (000’ UNITS) | |
| 26 | GLOBAL WINDOWS & PORTABLE AIR CONDITIONER MARKET VALUE ($MILLION) | |
| 27 | GLOBAL SPLIT AIR CONDITIONER MARKET VALUE ($MILLION), BY GEOGRAPHY | |
| 28 | GLOBAL SPLIT AIR CONDITIONER MARKET | |
| 29 | GLOBAL SPLIT AC MARKET VOLUME, BY TYPE (000’UNITS) | |
| 30 | GLOBAL SPLIT AC MARKET VALUE, BY TYPE ($MILLION) | |
| 31 | GLOBAL DUCTLESS SPLIT AC MARKET VALUE, BY CAPACITY ($MILLION) | |
| 32 | GLOBAL SPLIT DUCTLESS AC MARKET VOLUME, BY CAPACITY (000’UNITS) | |
| 33 | GLOBAL SPLIT DUCTED AC MARKET VALUE, BY CAPACITY ($MILLION) | |
| 34 | GLOBAL SPLIT DUCTED AC MARKET VOLUME, BY CAPACITY (000’UNITS) | |
| 35 | GLOBAL SPLIT DUCTLESS AC MARKET VOLUME, BY TYPE (000’UNITS) | |
| 36 | GLOBAL SPLIT DUCTLESS AC MARKET VALUE, BY TYPE ($MILLION) | |
| 37 | GLOBAL SPLIT DUCTLESS AC MARKET VOLUME, BY TYPE (000’UNITS) | |
| 38 | GLOBAL SPLIT DUCTLESS AC MARKET VALUE, BY TYPE ($MILLION) | |
| 39 | GLOBAL SPLIT DUCTED AC MARKET VOLUME, BY TYPE (000’UNITS) | |
| 40 | GLOBAL SPLIT DUCTED AC MARKET VALUE, BY TYPE ($MILLION) | |
| 41 | GLOBAL SINGLE PACKAGED MARKET VALUE ($MILLION), BY GEOGRAPHY | |
| 42 | GLOBAL SINGLE PACKAGED AIR CONDITIONER MARKET VOLUME (000’ UNITS) | |
| 43 | GLOBAL SINGLE PACKAGED AIR CONDITIONER MARKET VALUE ($MILLION) | |
| 44 | GLOBAL CHILLER MARKET VALUE ($MILLION), BY GEOGRAPHY | |
| 45 | GLOBAL CHILLER MARKET | |
| 46 | GLOBAL CHILLER MARKET VOLUME, BY TYPE (000’ UNITS) | |
| 47 | GLOBAL CHILLER MARKET VALUE, BY TYPE ($MILLION) | |
| 48 | GLOBAL CHILLER MARKET VOLUME, BY COOLING (000’ UNITS) | |
| 49 | GLOBAL CHILLER MARKET VALUE, BY COOLING ($MILLION) | |
| 50 | GLOBAL CHILLER MARKET VOLUME, BY CAPACITY (000’ UNITS) | |
| 51 | GLOBAL CHILLER MARKET VOLUME, BY CAPACITY ($MILLION) | |
| 52 | GLOBAL FCU & AHU MARKET VOLUME ($MILLION), BY GEOGRAPHY | |
| 53 | GLOBAL FCU & AHU MARKET VOLUME (000’ UNITS), 2016-2022 | |
| 54 | GLOBAL FCU & AHU MARKET VALUE ($MILLION), 2016-2022 | |
| 55 | THE AMERICAS HVAC MARKET VALUE ($MILLION) | |
| 56 | THE AMERICAS WINDOW & PORTABLE MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 57 | THE AMERICAS SPLIT MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 58 | THE AMERICAS SINGLE PACKAGED MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 59 | THE AMERICAS CHILLER MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 60 | THE AMERICAS AIR HANDLING UNIT AND FAN COIL UNIT MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 61 | EUROPE HVAC MARKET VALUE ($MILLION) | |
| 62 | EUROPE WINDOW & PORTABLE MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 63 | EUROPE SPLIT MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 64 | EUROPE SINGLE PACKAGED MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 65 | EUROPE CHILLER MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 66 | EUROPE AIR HANDLING UNIT AND FAN COIL UNIT MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 67 | ASIA-PACIFIC HVAC MARKET VALUE ($MILLION) | |
| 68 | ASIA-PACIFIC WINDOW & PORTABLE MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 69 | ASIA-PACIFIC SPLIT MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 70 | ASIA-PACIFIC SINGLE PACKAGED MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 71 | ASIA-PACIFIC CHILLER MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 72 | ASIA-PACIFIC AIR HANDLING UNIT AND FAN COIL UNIT MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 73 | MIDDLE EAST AND AFRICA (MEA) HVAC MARKET VALUE ($MILLION) | |
| 74 | MIDDLE EAST AND AFRICA (MEA) WINDOW & PORTABLE MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 75 | MIDDLE EAST AND AFRICA (MEA) SPLIT MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 76 | MIDDLE EAST AND AFRICA (MEA) SINGLE PACKAGED MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 77 | MIDDLE EAST AND AFRICA (MEA) CHILLER MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 78 | MIDDLE EAST AND AFRICA (MEA) AIR HANDLING UNIT AND FAN COIL UNIT MARKET VOLUME (000’ UNITS), MARKET VALUE ($MILLION) | |
| 79 | DAIKIN INDUSTRIES LTD.: RECENT FINANCIALS | |
| 80 | DAIKIN INDUSTRIES LTD.: FINANCIALS BY BUSINESS SEGMENTS | |
| 81 | DAIKIN INDUSTRIES LTD.: FINANCIALS BY GEOGRAPHY, 2015 | |
| 82 | DAIKIN INDUSTRIES LTD.: PRODUCTS & SERVICES | |
| 83 | GREE ELECTRIC APPLIANCES INC.: RECENT FINANCIALS | |
| 84 | GREE ELECTRIC APPLIANCES INC.: FINANCIALS BY BUSINESS SEGMENTS | |
| 85 | GREE ELECTRIC APPLIANCES INC.: FINANCIALS BY GEOGRAPHY, 2014 | |
| 86 | GREE ELECTRIC APPLIANCES INC.: PRODUCTS & SERVICES | |
| 87 | LG CORPORATION.: RECENT FINANCIALS | |
| 88 | LG CORPORATION: FINANCIALS BY BUSINESS SEGMENTS | |
| 89 | LG CORPORATION: FINANCIALS BY GEOGRAPHY, 2014 | |
| 90 | LG CORPORATION: PRODUCTS & SERVICES | |
| 91 | MIDEA GROUP.: RECENT FINANCIALS | |
| 92 | MIDEA GROUP.: FINANCIALS BY BUSINESS SEGMENTS | |
| 93 | MIDEA GROUP.: FINANCIALS BY GEOGRAPHY, 2014 | |
| 94 | MIDEA GROUP: PRODUCTS & SERVICES | |
| 95 | UNITED TECHNOLOGIES CORPORATION (CARRIER): RECENT FINANCIALS | |
| 96 | UNITED TECHNOLOGIES CORPORATION (CARRIER): FINANCIALS BY BUSINESS SEGMENTS | |
| 97 | UNITED TECHNOLOGIES CORPORATION (CARRIER): FINANCIALS BY GEOGRAPHY, 2014 | |
| 98 | UNITED TECHNOLOGIES CORPORATION (CARRIER): PRODUCTS & SERVICES | |
| 99 | PANASONIC CORPORATION: RECENT FINANCIALS | |
| 100 | PANASONIC CORPORATION: FINANCIALS BY BUSINESS SEGMENTS | |
| 101 | PANASONIC CORPORATION: PRODUCTS & SERVICES | |
| 102 | SAMSUNG ELECTRONICS: RECENT FINANCIALS | |
| 103 | SAMSUNG ELECTRONICS: FINANCIALS BY BUSINESS SEGMENTS | |
| 104 | SAMSUNG ELECTRONICS: FINANCIALS BY GEOGRAPHY, 2014 | |
| 105 | SAMSUNG ELECTRONICS: PRODUCTS & SERVICES | |
| 106 | JOHNSON CONTROLS: RECENT FINANCIALS | |
| 107 | JOHNSON CONTROLS: FINANCIALS BY BUSINESS SEGMENTS | |
| 108 | JOHNSON CONTROLS: FINANCIALS BY GEOGRAPHY, 2014 | |
| 109 | JOHNSON CONTROLS: PRODUCTS & SERVICES | |
| 110 | INGERSOLL RAND: RECENT FINANCIALS | |
| 111 | INGERSOLL RAND: FINANCIALS BY BUSINESS SEGMENTS | |
| 112 | INGERSOLL RAND: FINANCIALS BY GEOGRAPHY, 2014 | |
| 113 | INGERSOLL RAND: PRODUCTS & SERVICES | |
| LIST OF TABLES | ||
| 1 | KEY MARKET DEVELOPMENTS & STRATEGIES | |
| 2 | GLOBAL WINDOWS & PORTABLE AIR CONDITIONER MARKET VOLUME (000’ UNITS), BY GEOGRAPHY | |
| 3 | GLOBAL SPLIT AIR CONDITIONER MARKET VOLUME (000’ UNITS), BY GEOGRAPHY | |
| 4 | GLOBAL SPLIT AC MARKET VOLUME (000’UNITS) | |
| 5 | GLOBAL SPLIT AC MARKET VALUE ($MILLION) | |
| 6 | GLOBAL SINGLE PACKAGED MARKET VOLUME (000’ UNITS), BY GEOGRAPHY | |
| 7 | GLOBAL CHILLER MARKET VOLUME (000’ UNITS), BY GEOGRAPHY | |
| 8 | GLOBAL CHILLER MARKET VOLUME (000’ UNITS), 2016-2022 | |
| 9 | GLOBAL CHILLER MARKET VALUE ($MILLION), 2016-2022 | |
| 10 | GLOBAL FCU & AHU MARKET VOLUME (000’ UNITS), BY GEOGRAPHY | |
| 11 | GLOBAL FCU&AHU MARKET VOLUME (000’ UNITS), 2016-2022 | |
| 12 | GLOBAL FCU&AHU MARKET VALUE, ($MILLION), 2016-2022 | |
| 13 | THE AMERICAS HVAC MARKET VOLUME (000’ UNITS) | |
| 14 | THE AMERICA HVAC MARKET: KEY DEVELOPMENTS | |
| 15 | EUROPE HVAC MARKET VOLUME (000’ UNITS) | |
| 16 | EUROPE HVAC MARKET: KEY DEVELOPMENTS | |
| 17 | ASIA-PACIFIC HVAC MARKET VOLUME (000’ UNITS) | |
| 18 | ASIA-PACIFIC HVAC MARKET: KEY DEVELOPMENTS | |
| 19 | MIDDLE EAST AND AFRICA (MEA) HVAC MARKET VOLUME (000’ UNITS) | |
| 20 | MIDDLE EAST AND AFRICA: KEY DEVELOPMENTS | |
| 21 | ZAMIL AIR CONDITIONERS: PRODUCTS & SERVICES | |
The following points are key executive findings available in the report titled “Global Heating, Ventilation and Air Conditioning (HVAC) Market- Forecast & Analysis, 2016 – 2022”:
. The figure shows global HVAC market by both volume (Thousand Units) and value ($Million). The total market covers major HVAC product including window & portable air conditioners, split air conditioners, single packaged units, chillers and fan coil unit (FCU) & air handling unit (AHU).
. In terms of geographical analysis, global HVAC market covers regions including the Americas, Europe, Asia-Pacific (APAC) and the Middle East and Africa (MEA).
. Globally, the demand for HVAC products is mainly driven by factors such by rising population, revival in the housing markets, and increase in consumer income levels in emerging markets, development of reliable energy resources, growing commercial and industrial units, among others.
. Asia-Pacific is leading the global HVAC market mainly because of high demand coming from emerging economies like China, India and South East countries like Indonesia and Thailand, among others. The Americas is also expected to show robust demand for HVAC products and equipments over the forecasted period (2016-2022).
. As is clear from the figure, in 2015, global HVAC market volume was highest for split air conditioners. The high demand is mainly anticipated to come from rising residential developments taking place around the world which has prompted consumers to install energy efficient split units in homes, apartments and high/low end buildings, among others.
. In terms of value too, Asia-Pacific region is leading the HVAC market followed closely by the Americas.
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