Global HVAC Market Analysis and Forecast (2013 – 2018) 03/03/2013 | Page 9

REPORT DESCRIPTION
HVAC (heating, ventilation and air conditioning) is the technology for air conditioning and
comfort in vehicles and indoor environments. HVAC is a very important design in constructions
of large buildings such as skyscrapers and in marine environments such as aquariums, where air
is regulated continuously to maintain fresh and healthy environment and temperature using fresh
air from outside.
The Global Market for HVAC Systems has been down due to the economic crisis and the
market has shifted paradigm in recent years. The old systems were basic analog based electrical
systems and these still make up the majority of the installed systems. The newer systems are
more energy efficient and environment friendly. This is the reason the shift to newer systems is
making the market rise.
Global HVAC market is a $150bn+ industry and is growing at a CAGR of around 3.4% through
2018.

SAMPLE TABLE – 1: GLOBAL HVAC MARKET, BY REGION (2013-2018)

Region

2013

2015

2016

2018

CAGR (%)
2013-2020

North America

20.0

xx

xx

27.3

7-9

APAC

xx

xx

xx

75.7

xx

Europe

xx

xx

xx

22.7

xx

Others

xx

xx

xx

27.3

xx

Total

xx

xx

xx

153.0

6-7

Source: IndustryARC Analysis

APAC remains the largest market for air conditioning sales, accounting for 45-47% of the total
market, followed by the Americas region and Europe. The Chinese market is not only the largest
market in Asia, but also the biggest market in the world. Approximately 65-70% of the HVAC
systems are manufactured in china in 2013.

IndustryARC | 9