Irving, Texas (PRWEB) April 25, 2013
The global HVAC industry comprises establishments that manufacture heating, ventilation, and air conditioning (HVAC) systems. Industry revenue is forecast to reach an estimated $95 billion in 2018. The competitive landscape of this industry has remained unchanged for the last five years. The industry is consolidated with the top five and top 10 players accounting for approximately 45% and 56%, respectively, in 2012.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the industry and presents its findings in “Global HVAC Equipment Industry 2013‒2018: Trend, Profit, and Forecast Analysis.” Asia Pacific (APAC) dominates this industry and represented 42% of the global market. Commercial HVAC equipment is major segment of the industry, as it contributes 51% of the industry revenue.
Lucintel’s report gives a brief overview of the industry challenges. Increasingly warmer global temperatures are affecting the industry. The global HVAC industry is capital intensive, and with the economy experiencing downturn globally, it is a challenge for many HVAC equipment manufacturers to invest heavily in the industry. Although the middle class population is projecting healthy growth across the world, still the economic condition is preventing many of them from buying domestic HVAC equipment such as air conditioners.
In addition to the industry’s challenges, the study highlights growth drivers. Increasing construction activities are mainly responsible for driving growth in the industry. Global sales of homes and new buildings have increased, favoring the industry as sales of HVAC equipment is highly correlated to the construction of new homes and buildings. Availability of easy financing supports the growth of HVAC equipment sales. Residential HVAC equipment is the key growth segment now, driven by increasing residential construction and product penetration.
This market research report is an indispensable reference guide for HVAC equipment manufacturers, retailers of such equipment, investors, executives, distributors, and many more that operate in this market. To make business, investment, and strategic decisions, timely, useful information is needed, which is fulfilled by this market report.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel’s Opportunity Screening, Growth Consulting and Business Strategy Consulting services have supported decision makers in achieving their growth objectives.