Growth Opportunities in the US HVAC Equipment Market
The future of the US HVAC (heating, ventilation and air conditioning) equipment market looks good with opportunities in the residential and commercial construction industry. The US HVAC equipment market is expected to reach an estimated $17.5 billion by 2022 and it is forecast to grow at a CAGR of 3.4% from 2017 to 2022. The major drivers of growth are higher rate of building renovation and federal tax credits offered in the US to make existing facilities energy efficient and to control greenhouse gas emissions.
In this market, furnace, heat pumps, central AC, and room AC are the segments by product type. On the basis of our comprehensive research, Lucintel forecasts that central AC segment is expected to show above average growth during the forecast period due to increasing building renovation activities and higher demand for energy efficient HVAC equipment.
Within the US HVAC equipment market, residential is expected to remain the largest segment during the forecast period. Increasing housing starts and increasing penetration of air conditioners are the major driving force that will spur growth for this segment over the forecast period. For business expansion, Lucintel’s report suggests innovation and new product development, particularly in terms of energy-efficiency, high performance and environmental friendly; to make more efficient HVAC equipment.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s challenging economy, you need every advantage that you can find.
In this market, furnace, heat pumps, central AC, and room AC are the segments by product type. On the basis of our comprehensive research, Lucintel forecasts that central AC segment is expected to show above average growth during the forecast period due to increasing building renovation activities and higher demand for energy efficient HVAC equipment.
Within the US HVAC equipment market, residential is expected to remain the largest segment during the forecast period. Increasing housing starts and increasing penetration of air conditioners are the major driving force that will spur growth for this segment over the forecast period. For business expansion, Lucintel’s report suggests innovation and new product development, particularly in terms of energy-efficiency, high performance and environmental friendly; to make more efficient HVAC equipment.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s challenging economy, you need every advantage that you can find.
1. EXECUTIVE SUMMARY
2. US HVAC EQUIPMENT MARKET BACKGROUND AND CLASSIFICATIONS
2.1: Introduction
2.2: Supply Chain 2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2011 TO 2022
3.1: Macro-Economic Trends and Forecast
3.2: US HVAC Equipment Market Trends and Forecast
3.3: US HVAC Equipment Market by Product Type
3.3.1: Furnace
3.3.2: Heat Pump
3.3.3: Central AC
3.3.4: Room AC
3.3.5: Others
3.4: US HVAC Equipment Market by End Use
3.4.1: Residential
3.4.2: Healthcare
3.4.3: Education
3.4.4: Hospitality
3.4.5: Office
3.4.6: Retail
3.4.7: Others
4. COMPETITOR ANALYSIS
4.1: Product Portfolio Analysis
4.2: Market Share Analysis
4.3: Operational Integration
4.4: Geographical Reach
4.5: Porter’s Five Forces Analysis
5. COST STRUCTURE ANALYSIS
5.1: Raw Material Cost
5.2: Labor Cost
5.3: Energy Cost
5.4: SG& A
5.5: EBITDA Margin
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the US HVAC Equipment Market by Product Type
6.1.2: Growth Opportunities for the US HVAC Equipment Market by End Use
6.2: Emerging Trends in the US HVAC Equipment Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the US HVAC Equipment Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the US HVAC Equipment Market
6.3.4: Certification and Licensing
6.3.5: Technology Development
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Johnson Controls Inc.
7.2: Ingersoll-Rand plc
7.3: Lennox International Inc.
7.4: United Technologies Corporation
7.5: AAON, Inc.
7.6: Daikin Industries, Ltd.
2. US HVAC EQUIPMENT MARKET BACKGROUND AND CLASSIFICATIONS
2.1: Introduction
2.2: Supply Chain 2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2011 TO 2022
3.1: Macro-Economic Trends and Forecast
3.2: US HVAC Equipment Market Trends and Forecast
3.3: US HVAC Equipment Market by Product Type
3.3.1: Furnace
3.3.2: Heat Pump
3.3.3: Central AC
3.3.4: Room AC
3.3.5: Others
3.4: US HVAC Equipment Market by End Use
3.4.1: Residential
3.4.2: Healthcare
3.4.3: Education
3.4.4: Hospitality
3.4.5: Office
3.4.6: Retail
3.4.7: Others
4. COMPETITOR ANALYSIS
4.1: Product Portfolio Analysis
4.2: Market Share Analysis
4.3: Operational Integration
4.4: Geographical Reach
4.5: Porter’s Five Forces Analysis
5. COST STRUCTURE ANALYSIS
5.1: Raw Material Cost
5.2: Labor Cost
5.3: Energy Cost
5.4: SG& A
5.5: EBITDA Margin
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the US HVAC Equipment Market by Product Type
6.1.2: Growth Opportunities for the US HVAC Equipment Market by End Use
6.2: Emerging Trends in the US HVAC Equipment Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the US HVAC Equipment Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the US HVAC Equipment Market
6.3.4: Certification and Licensing
6.3.5: Technology Development
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: Johnson Controls Inc.
7.2: Ingersoll-Rand plc
7.3: Lennox International Inc.
7.4: United Technologies Corporation
7.5: AAON, Inc.
7.6: Daikin Industries, Ltd.
LIST OF FIGURES
CHAPTER 2. US HVAC EQUIPMENT MARKET BACKGROUND AND CLASSIFICATIONS
Figure 2.1: Heating and Cooling Equipment Overview
Figure 2.2: Industry Classification by Product type
Figure 2.3: HVAC System
Figure 2.4: Thermostat
Figure 2.5: Boiler
Figure 2.6: Furnace
Figure 2.7: Heat Exchanger
Figure 2.8: Chillers
Figure 2.9: Evaporator Coil
Figure 2.10: Condensing Unit
Figure 2.11: Refrigerant Lines
Figure 2.12: Ducts
Figure 2.13: Classification of the HVAC Equipment Market
Figure 2.14: Supply Chain of the US HVAC Equipment Market
Figure 2.15: Major Drivers and Challenges for the US HVAC Equipment Market
CHAPTER 3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2011 TO 2022
Figure 3.1: Trends of the US Residential Building Construction Growth Rate
Figure 3.2: Trends of the US Commercial Building Construction Growth Rate
Figure 3.3: Trends of the US Housing Starts
Figure 3.4: Trends of the US GDP Growth Rate
Figure 3.5: Trends of the US Population Growth Rate
Figure 3.6: Trends of the US Inflation Rate
Figure 3.7: Trends of the US Unemployment Rate
Figure 3.8: Forecast of the US Residential Building Construction Growth Rate
Figure 3.9: Forecast of the US Commercial Building Construction Growth Rate
Figure 3.10: Forecast of the US GDP Growth Rate
Figure 3.11: Forecast of the US Population Growth Rate
Figure 3.12: Forecast of the US Inflation Rate
Figure 3.13: Forecast of US Unemployment Rate
Figure 3.14: Trends and Forecast for the US HVAC Equipment Market (2011-2022)
Figure 3.15: Trends of the US HVAC Equipment Market ($M) by Product Type (2011–2016)
Figure 3.16: Forecast for the US HVAC Equipment Market ($M) by Product Type (2017-2022)
Figure 3.17: Trends of the US HVAC Equipment Market (M units) by Product Type (2011-2016) (Source: Lucintel)
Figure 3.18: Forecast for the US HVAC Equipment Market (M units) by Product Type (2017-2022)
Figure 3.19: Trends and Forecast of Furnace in the US HVAC Equipment Market (2011-2022)
Figure 3.20: Trends and Forecast of Heat Pump in the US HVAC Equipment Market (2011-2022)
Figure 3.21: Trends and Forecast of Central AC in the US HVAC Equipment Market (2011-2022)
Figure 3.22: Trends and Forecast of Room AC in the US HVAC Equipment Market (2011-2022)
Figure 3.23: Trends and Forecast of Others in the US HVAC Equipment Market (2011-2022)
Figure 3.24: US HVAC Equipment Market ($M) by End Use in 2016
Figure 3.25: US HVAC Equipment Market ($M) by End Use in 2022
Figure 3.26: Trends and Forecast for Residential End use in the US HVAC Equipment Market (2011-2022)
Figure 3.27: Trends and Forecast for Healthcare End Use in the US HVAC Equipment Market (2011-2022)
Figure 3.28: Trends and Forecast for Education End Use in the US HVAC Equipment Market (2011-2022)
Figure 3.29: Trends and Forecast for Hospitality End Use in the US HVAC Equipment Market (2011-2022)
Figure 3.30: Trends and Forecast for office End Use in the US HVAC Equipment Market (2011-2022)
Figure 3.31: Trends and Forecast for Retail End Use in the US HVAC Equipment Market (2011-2022)
Figure 3.32: Trends and forecast for others End Use in the US HVAC Equipment Market (2011-2022)
CHAPTER
Figure 4.1: Market Share Analysis of the US HVAC Equipment Market in 2016 (Source: Lucintel)
Figure 4.2: Market Share Analysis of Top Three Players in US HVAC Equipment Market in 2016
Figure 4.3: Locations of Major HVAC Equipment Manufacturer
Figure 4.4: Porter’s Five Forces Industry Analysis for US HVAC Equipment Market
CHAPTER
Figure 5.1: Cost Structure Analysis of the US HVAC Equipment Market (%) in 2016
CHAPTER
Figure 6.1: Growth Opportunities for the US HVAC Equipment Market by Product Type (2017-2022)
Figure 6.2: Growth Opportunities for the US HVAC Equipment Market by End Use (2017-2022)
Figure 6.3: Emerging Trends in the US HVAC Equipment Market
Figure 6.4: Year-over-Year Comparison of Strategic Initiatives by Major Competitors in the US HVAC Equipment Market (2014-2016)
Figure 6.5: Major Capacity Expansions in the US HVAC Equipment Market
CHAPTER 7. COMPANY PROFILES OF LEADING PLAYERS
Figure 7.1: Major Plant Location of Johnson Controls Inc.
Figure 7.2: Major Plant locations of Ingersoll-Rand Plc
Figure 7.3: Major Plant locations of Lennox International
Figure 7.4: Major Plant Location of United Technology Corporation
Figure 7.5: Major Plant Location of AAON Inc
Figure 7.6: Major Plant Locations of Daikin Industries
CHAPTER 2. US HVAC EQUIPMENT MARKET BACKGROUND AND CLASSIFICATIONS
Figure 2.1: Heating and Cooling Equipment Overview
Figure 2.2: Industry Classification by Product type
Figure 2.3: HVAC System
Figure 2.4: Thermostat
Figure 2.5: Boiler
Figure 2.6: Furnace
Figure 2.7: Heat Exchanger
Figure 2.8: Chillers
Figure 2.9: Evaporator Coil
Figure 2.10: Condensing Unit
Figure 2.11: Refrigerant Lines
Figure 2.12: Ducts
Figure 2.13: Classification of the HVAC Equipment Market
Figure 2.14: Supply Chain of the US HVAC Equipment Market
Figure 2.15: Major Drivers and Challenges for the US HVAC Equipment Market
CHAPTER 3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2011 TO 2022
Figure 3.1: Trends of the US Residential Building Construction Growth Rate
Figure 3.2: Trends of the US Commercial Building Construction Growth Rate
Figure 3.3: Trends of the US Housing Starts
Figure 3.4: Trends of the US GDP Growth Rate
Figure 3.5: Trends of the US Population Growth Rate
Figure 3.6: Trends of the US Inflation Rate
Figure 3.7: Trends of the US Unemployment Rate
Figure 3.8: Forecast of the US Residential Building Construction Growth Rate
Figure 3.9: Forecast of the US Commercial Building Construction Growth Rate
Figure 3.10: Forecast of the US GDP Growth Rate
Figure 3.11: Forecast of the US Population Growth Rate
Figure 3.12: Forecast of the US Inflation Rate
Figure 3.13: Forecast of US Unemployment Rate
Figure 3.14: Trends and Forecast for the US HVAC Equipment Market (2011-2022)
Figure 3.15: Trends of the US HVAC Equipment Market ($M) by Product Type (2011–2016)
Figure 3.16: Forecast for the US HVAC Equipment Market ($M) by Product Type (2017-2022)
Figure 3.17: Trends of the US HVAC Equipment Market (M units) by Product Type (2011-2016) (Source: Lucintel)
Figure 3.18: Forecast for the US HVAC Equipment Market (M units) by Product Type (2017-2022)
Figure 3.19: Trends and Forecast of Furnace in the US HVAC Equipment Market (2011-2022)
Figure 3.20: Trends and Forecast of Heat Pump in the US HVAC Equipment Market (2011-2022)
Figure 3.21: Trends and Forecast of Central AC in the US HVAC Equipment Market (2011-2022)
Figure 3.22: Trends and Forecast of Room AC in the US HVAC Equipment Market (2011-2022)
Figure 3.23: Trends and Forecast of Others in the US HVAC Equipment Market (2011-2022)
Figure 3.24: US HVAC Equipment Market ($M) by End Use in 2016
Figure 3.25: US HVAC Equipment Market ($M) by End Use in 2022
Figure 3.26: Trends and Forecast for Residential End use in the US HVAC Equipment Market (2011-2022)
Figure 3.27: Trends and Forecast for Healthcare End Use in the US HVAC Equipment Market (2011-2022)
Figure 3.28: Trends and Forecast for Education End Use in the US HVAC Equipment Market (2011-2022)
Figure 3.29: Trends and Forecast for Hospitality End Use in the US HVAC Equipment Market (2011-2022)
Figure 3.30: Trends and Forecast for office End Use in the US HVAC Equipment Market (2011-2022)
Figure 3.31: Trends and Forecast for Retail End Use in the US HVAC Equipment Market (2011-2022)
Figure 3.32: Trends and forecast for others End Use in the US HVAC Equipment Market (2011-2022)
CHAPTER
Figure 4.1: Market Share Analysis of the US HVAC Equipment Market in 2016 (Source: Lucintel)
Figure 4.2: Market Share Analysis of Top Three Players in US HVAC Equipment Market in 2016
Figure 4.3: Locations of Major HVAC Equipment Manufacturer
Figure 4.4: Porter’s Five Forces Industry Analysis for US HVAC Equipment Market
CHAPTER
Figure 5.1: Cost Structure Analysis of the US HVAC Equipment Market (%) in 2016
CHAPTER
Figure 6.1: Growth Opportunities for the US HVAC Equipment Market by Product Type (2017-2022)
Figure 6.2: Growth Opportunities for the US HVAC Equipment Market by End Use (2017-2022)
Figure 6.3: Emerging Trends in the US HVAC Equipment Market
Figure 6.4: Year-over-Year Comparison of Strategic Initiatives by Major Competitors in the US HVAC Equipment Market (2014-2016)
Figure 6.5: Major Capacity Expansions in the US HVAC Equipment Market
CHAPTER 7. COMPANY PROFILES OF LEADING PLAYERS
Figure 7.1: Major Plant Location of Johnson Controls Inc.
Figure 7.2: Major Plant locations of Ingersoll-Rand Plc
Figure 7.3: Major Plant locations of Lennox International
Figure 7.4: Major Plant Location of United Technology Corporation
Figure 7.5: Major Plant Location of AAON Inc
Figure 7.6: Major Plant Locations of Daikin Industries
LIST OF TABLES
CHAPTER 1. EXECUTIVE SUMMARY
Table 1.1: US HVAC equipment Market Parameters and Attributes
CHAPTER 3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2011 TO 2022
Table 3.1: Market Trends of the US HVAC Equipment Market (2011-2016)
Table 3.2: Market Forecast for the US HVAC Equipment Market (2017-2022)
Table 3.3: Market Size and CAGR of Various Products in the US HVAC Equipment Market by Value (2011-2016)
Table 3.4: Market Size and CAGR of Various Products in the US HVAC Equipment Market by Value (2017-2022)
Table 3.5: Market Size and CAGR of Various Products of the US HVAC Equipment Market by Volume (2011-2016)
Table 3.6: Market Size and CAGR of Various Products of the US HVAC Equipment Market by Volume (2017-2022)
Table 3.7: Market Trends for Furnaces in the US HVAC Equipment Market (2011-2016)
Table 3.8: Market Forecast for Furnace in the US HVAC Equipment Market (2017-2022)
Table 3.9: Market Trends for Heat Pump in the US HVAC Equipment Market (2011-2016)
Table 3.10: Market Forecast for Heat Pump in the US HVAC Equipment Market (2017-2022)
Table 3.11: Market Trends for Central AC in the US HVAC Equipment Market (2011-2016)
Table 3.12: Market Forecast for Central AC in the US HVAC Equipment Market (2017-2022)
Table 3.13: Market Trends for Room AC in the US HVAC Equipment Market (2011-2016)
Table 3.14: Market Forecast for Room AC in the US HVAC Equipment Market (2017-2022)
Table 3.15: Market Trends for Others in the US HVAC Equipment Market (2011-2016)
Table 3.16: Market Forecast for Others in the US HVAC Equipment Market (2017-2022)
Table 3.17: Market Trends and Forecast of Residential End Use in the US HVAC Equipment Market (2011-2022)
Table 3.18: Market Trends and Forecast of Healthcare End Use in the US HVAC Equipment Market (2011-2022)
Table 3.19: Market Trends and Forecast of Education End Use in the US HVAC Equipment Market (2011-2022)
Table 3.20: Market Trends and Forecast of Hospitality End Use in the US HVAC Equipment Market (2011-2022)
Table 3.21: Market Trends and Forecast of Office End Use in the US HVAC Equipment Market (2011-2022)
Table 3.22: Market Trends and Forecast of Retail End Use in the US HVAC Equipment Market (2011-2022)
Table 3.23: Market Trends and Forecast of Others End Use in the US HVAC Equipment Market (2011-2022)
CHAPTER 4. COMPETITOR ANALYSIS
Table 4.1: Product Mapping of HVAC Equipment Manufacturer Based on Markets Served
Table 4.2: Rankings of Manufacturer Based on Revenue of the HVAC Equipment Market
Table 4.3: Operational Integration of HVAC Equipment Manufacturer
CHAPTER 5. COST STRUCTURE ANALYSIS
Table 5.1: Financial Statement for the US HVAC Equipment Market
CHAPTER 6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
Table 6.1: New Product Launches by Major HVAC Manufacturer (2011-2016) (Source: Lucintel)
Table 6.2: Certification and Licenses Acquired by Major Competitors in the US HVAC Equipment Market
Table 6.3: Technological Advancement in the US HVAC Equipment Market
CHAPTER 1. EXECUTIVE SUMMARY
Table 1.1: US HVAC equipment Market Parameters and Attributes
CHAPTER 3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2011 TO 2022
Table 3.1: Market Trends of the US HVAC Equipment Market (2011-2016)
Table 3.2: Market Forecast for the US HVAC Equipment Market (2017-2022)
Table 3.3: Market Size and CAGR of Various Products in the US HVAC Equipment Market by Value (2011-2016)
Table 3.4: Market Size and CAGR of Various Products in the US HVAC Equipment Market by Value (2017-2022)
Table 3.5: Market Size and CAGR of Various Products of the US HVAC Equipment Market by Volume (2011-2016)
Table 3.6: Market Size and CAGR of Various Products of the US HVAC Equipment Market by Volume (2017-2022)
Table 3.7: Market Trends for Furnaces in the US HVAC Equipment Market (2011-2016)
Table 3.8: Market Forecast for Furnace in the US HVAC Equipment Market (2017-2022)
Table 3.9: Market Trends for Heat Pump in the US HVAC Equipment Market (2011-2016)
Table 3.10: Market Forecast for Heat Pump in the US HVAC Equipment Market (2017-2022)
Table 3.11: Market Trends for Central AC in the US HVAC Equipment Market (2011-2016)
Table 3.12: Market Forecast for Central AC in the US HVAC Equipment Market (2017-2022)
Table 3.13: Market Trends for Room AC in the US HVAC Equipment Market (2011-2016)
Table 3.14: Market Forecast for Room AC in the US HVAC Equipment Market (2017-2022)
Table 3.15: Market Trends for Others in the US HVAC Equipment Market (2011-2016)
Table 3.16: Market Forecast for Others in the US HVAC Equipment Market (2017-2022)
Table 3.17: Market Trends and Forecast of Residential End Use in the US HVAC Equipment Market (2011-2022)
Table 3.18: Market Trends and Forecast of Healthcare End Use in the US HVAC Equipment Market (2011-2022)
Table 3.19: Market Trends and Forecast of Education End Use in the US HVAC Equipment Market (2011-2022)
Table 3.20: Market Trends and Forecast of Hospitality End Use in the US HVAC Equipment Market (2011-2022)
Table 3.21: Market Trends and Forecast of Office End Use in the US HVAC Equipment Market (2011-2022)
Table 3.22: Market Trends and Forecast of Retail End Use in the US HVAC Equipment Market (2011-2022)
Table 3.23: Market Trends and Forecast of Others End Use in the US HVAC Equipment Market (2011-2022)
CHAPTER 4. COMPETITOR ANALYSIS
Table 4.1: Product Mapping of HVAC Equipment Manufacturer Based on Markets Served
Table 4.2: Rankings of Manufacturer Based on Revenue of the HVAC Equipment Market
Table 4.3: Operational Integration of HVAC Equipment Manufacturer
CHAPTER 5. COST STRUCTURE ANALYSIS
Table 5.1: Financial Statement for the US HVAC Equipment Market
CHAPTER 6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
Table 6.1: New Product Launches by Major HVAC Manufacturer (2011-2016) (Source: Lucintel)
Table 6.2: Certification and Licenses Acquired by Major Competitors in the US HVAC Equipment Market
Table 6.3: Technological Advancement in the US HVAC Equipment Market
