Global HVAC Market Analysis and Forecast (2013 – 2018) 03/03/2013 | Page 11

MARKET - TRENDS
Technology and especially the developments in energy efficient systems are helping the growth
of the HVAC market.
 Air-conditioning is the dominant product segment with applications in industries,
households and automotives. Automotive air-conditioning is expected to grow at 7%
yearly with major players like Denso, Behr, Valeo and Delphi operating in this space.
 Energy efficient HVAC is a relatively small but emerging segment and has a market size
of around $18.5bn currently but is expected to grow at a CAGR of 83% during the
forecast period.
 Air filters and filter media markets are also high growth product segments with growth
rates of around 12%. Key players operating in this segment are Lydall, Flanders,
Kimberly-Clark, Johns Manville, UPF and PGI.

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