by Shane Henson — June 24, 2013—Annual revenue from energy-efficient heating, ventilation and air conditioning (HVAC) systems will grow from $17.2 billion in 2013 to $33.2 billion by 2020 as both building owners and homeowners focus on reducing their electric bills through purchasing newer, less energy-draining products, according to a new report from Navigant Research, a market research and consulting company that provides in-depth analysis of global clean technology markets.
The global HVAC market, according to the report, is led by large suppliers, such as UTC (Carrier), Hitachi, Ingersoll-Rand (Trane), Daikin, and LG Electronics, many of which also produce various other products, technologies, and services. HVAC-only manufacturers are largely limited to smaller and midsize brands such as Lennox and Uponor. Some larger suppliers, such as Johnson Controls, also provide integrated engineering and operations/maintenance services, overlapping in part with services more traditionally provided by energy service companies.
The Energy Efficient HVAC Systems report analyzes the global market opportunity for energy-efficient commercial HVAC systems, including unitary systems, heat pumps, furnaces and boilers, ductless cooling, engineered cooling systems, radiant heating and cooling, and ventilation systems, says Navigant Research.
The report provides a comprehensive assessment of the demand drivers, business models, policy and regulatory factors, and technology issues associated with the global market for these systems. Key industry players are profiled in depth, and worldwide revenue forecasts, segmented by application, region, and key major countries, extend through 2020.
