HVAC Equipment Market in North America 2022-2026

Description

List of Tables

Technavio has been monitoring the HVAC equipment market in North America and it is poised to grow by $10.22 bn during 2022-2026, accelerating at a CAGR of 5.15% during the forecast period. Our report on the HVAC equipment market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by changing climate conditions, increasing industrialization and urbanization, and increasing disposable income and migration.

The HVAC equipment market in North America analysis includes product and end-user segments.

Technavio's HVAC equipment market in North America is segmented as below:

By Product

Air conditioning equipment
Heating equipment
Ventilation equipment

By End-user

Non-residential
Residential

This study identifies smart HVAC equipment as one of the prime reasons driving the HVAC equipment market growth in North America during the next few years. Also, rapid transformation of IoT within HVAC industry and connectivity and data to improve control will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on HVAC equipment market in North America covers the following areas:

HVAC equipment market sizing
HVAC equipment market forecast
HVAC equipment market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading HVAC equipment market vendors in North America that include A. O. Smith Corp., AAON Inc., AB Electrolux, Daikin Industries Ltd, Emerson Electric Co., Fujitsu Ltd., Gree Electric Appliances Inc. of Zhuhai, Haier Smart Home Co. Ltd., Hitachi Ltd., Ingersoll Rand Inc., Johnson Controls International Plc, Lennox International Inc., LG Electronics Inc., MIDEA Group Co. Ltd., Nortek Inc., Rheem Manufacturing Co., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Seeley International Pty Ltd., and Whirlpool Corp. Also, the HVAC equipment market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR74509

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 14: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Data Table on Regional - Market size and forecast 2021-2026 ($ million)
Exhibit 16: Chart on North America: Year-over-year growth 2021-2026 (%)
Exhibit 17: Data Table on Regional - Market size and forecast 2021-2026 ($ million)

4 Five Forces Analysis

4.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments
Exhibit 25: Chart on Product - Market share 2021-2026 (%)
Exhibit 26: Data Table on Product - Market share 2021-2026 (%)
5.2 Comparison by Product
Exhibit 27: Chart on Comparison by Product
Exhibit 28: Data Table on Comparison by Product
5.3 Air conditioning equipment - Market size and forecast 2021-2026
Exhibit 29: Chart on Air conditioning equipment - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Data Table on Air conditioning equipment - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Chart on Air conditioning equipment - Year-over-year growth 2021-2026 (%)
Exhibit 32: Data Table on Air conditioning equipment - Year-over-year growth 2021-2026 (%)
5.4 Heating equipment - Market size and forecast 2021-2026
Exhibit 33: Chart on Heating equipment - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Data Table on Heating equipment - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Chart on Heating equipment - Year-over-year growth 2021-2026 (%)
Exhibit 36: Data Table on Heating equipment - Year-over-year growth 2021-2026 (%)
5.5 Ventilation equipment - Market size and forecast 2021-2026
Exhibit 37: Chart on Ventilation equipment - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Data Table on Ventilation equipment - Market size and forecast 2021-2026 ($ million)
Exhibit 39: Chart on Ventilation equipment - Year-over-year growth 2021-2026 (%)
Exhibit 40: Data Table on Ventilation equipment - Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by Product
Exhibit 41: Market opportunity by Product ($ million)

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 42: Chart on End-user - Market share 2021-2026 (%)
Exhibit 43: Data Table on End-user - Market share 2021-2026 (%)
6.2 Comparison by End-user
Exhibit 44: Chart on Comparison by End-user
Exhibit 45: Data Table on Comparison by End-user
6.3 Non-residential - Market size and forecast 2021-2026
Exhibit 46: Chart on Non-residential - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Non-residential - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Non-residential - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Non-residential - Year-over-year growth 2021-2026 (%)
6.4 Residential - Market size and forecast 2021-2026
Exhibit 50: Chart on Residential - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Residential - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Residential - Year-over-year growth 2021-2026 (%)
6.5 Market opportunity by End-user
Exhibit 54: Market opportunity by End-user ($ million)

7 Customer Landscape

7.1 Customer landscape overview
Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation
Exhibit 56: Chart on Market share By Geographical Landscape - 2021-2026 (%)
Exhibit 57: Data Table on Market share By Geographical Landscape - 2021-2026 (%)
8.2 Geographic comparison
Exhibit 58: Chart on Geographic comparison
Exhibit 59: Data Table on Geographic comparison
8.3 US - Market size and forecast 2021-2026
Exhibit 60: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 61: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 62: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 63: Data Table on US - Year-over-year growth 2021-2026 (%)
8.4 Mexico - Market size and forecast 2021-2026
Exhibit 64: Chart on Mexico - Market size and forecast 2021-2026 ($ million)
Exhibit 65: Data Table on Mexico - Market size and forecast 2021-2026 ($ million)
Exhibit 66: Chart on Mexico - Year-over-year growth 2021-2026 (%)
Exhibit 67: Data Table on Mexico - Year-over-year growth 2021-2026 (%)
8.5 Canada - Market size and forecast 2021-2026
Exhibit 68: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 69: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 70: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 71: Data Table on Canada - Year-over-year growth 2021-2026 (%)
8.6 Market opportunity By Geographical Landscape
Exhibit 72: Market opportunity By Geographical Landscape ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 73: Impact of drivers and challenges in 2021 and 2026
9.4 Market trends

10 Vendor Landscape

10.1 Overview
10.2 Vendor landscape
Exhibit 74: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 75: Overview on factors of disruption
10.4 Industry risks
Exhibit 76: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
Exhibit 77: Vendors covered
11.2 Market positioning of vendors
Exhibit 78: Matrix on vendor position and classification
11.3 Daikin Industries Ltd
Exhibit 79: Daikin Industries Ltd - Overview
Exhibit 80: Daikin Industries Ltd - Business segments
Exhibit 81: Daikin Industries Ltd - Key news
Exhibit 82: Daikin Industries Ltd - Key offerings
Exhibit 83: Daikin Industries Ltd - Segment focus
11.4 Fujitsu Ltd.
Exhibit 84: Fujitsu Ltd. - Overview
Exhibit 85: Fujitsu Ltd. - Business segments
Exhibit 86: Fujitsu Ltd. - Key offerings
Exhibit 87: Fujitsu Ltd. - Segment focus
11.5 Gree Electric Appliances Inc. of Zhuhai
Exhibit 88: Gree Electric Appliances Inc. of Zhuhai - Overview
Exhibit 89: Gree Electric Appliances Inc. of Zhuhai - Product / Service
Exhibit 90: Gree Electric Appliances Inc. of Zhuhai - Key offerings
11.6 Haier Smart Home Co. Ltd.
Exhibit 91: Haier Smart Home Co. Ltd. - Overview
Exhibit 92: Haier Smart Home Co. Ltd. - Business segments
Exhibit 93: Haier Smart Home Co. Ltd. - Key offerings
Exhibit 94: Haier Smart Home Co. Ltd. - Segment focus
11.7 Hitachi Ltd.
Exhibit 95: Hitachi Ltd. - Overview
Exhibit 96: Hitachi Ltd. - Business segments
Exhibit 97: Hitachi Ltd. - Key news
Exhibit 98: Hitachi Ltd. - Key offerings
Exhibit 99: Hitachi Ltd. - Segment focus
11.8 Johnson Controls International Plc
Exhibit 100: Johnson Controls International Plc - Overview
Exhibit 101: Johnson Controls International Plc - Business segments
Exhibit 102: Johnson Controls International Plc - Key news
Exhibit 103: Johnson Controls International Plc - Key offerings
Exhibit 104: Johnson Controls International Plc - Segment focus
11.9 LG Electronics Inc.
Exhibit 105: LG Electronics Inc. - Overview
Exhibit 106: LG Electronics Inc. - Business segments
Exhibit 107: LG Electronics Inc. - Key news
Exhibit 108: LG Electronics Inc. - Key offerings
Exhibit 109: LG Electronics Inc. - Segment focus
11.10 MIDEA Group Co. Ltd.
Exhibit 110: MIDEA Group Co. Ltd. - Overview
Exhibit 111: MIDEA Group Co. Ltd. - Business segments
Exhibit 112: MIDEA Group Co. Ltd. - Key offerings
Exhibit 113: MIDEA Group Co. Ltd. - Segment focus
11.11 Robert Bosch GmbH
Exhibit 114: Robert Bosch GmbH - Overview
Exhibit 115: Robert Bosch GmbH - Business segments
Exhibit 116: Robert Bosch GmbH - Key news
Exhibit 117: Robert Bosch GmbH - Key offerings
Exhibit 118: Robert Bosch GmbH - Segment focus
11.12 Samsung Electronics Co. Ltd.
Exhibit 119: Samsung Electronics Co. Ltd. - Overview
Exhibit 120: Samsung Electronics Co. Ltd. - Business segments
Exhibit 121: Samsung Electronics Co. Ltd. - Key news
Exhibit 122: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 123: Samsung Electronics Co. Ltd. - Segment focus

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 124: Inclusions checklist
Exhibit 125: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 126: Currency conversion rates for US$
12.4 Research methodology
Exhibit 127: Research methodology
Exhibit 128: Validation techniques employed for market sizing
Exhibit 129: Information sources
12.5 List of abbreviations
Exhibit 130: List of abbreviations