HVAC Equipment Market in China 2023-2027

Description

List of Tables

The HVAC equipment market in China is forecasted to grow by USD 10.67 bn during 2022-2027, accelerating at a CAGR of 6.96% during the forecast period. The report on the HVAC equipment market in China 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 increase in demand for centralized HVAC systems, increasing residential and commercial construction activities, and cost advantages of renting HVAC equipment.

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

Market Scope
Base Year	2022
End Year	2027
Series Year	2023-2027
Growth Momentum	Accelerate
YOY 2023	6.63%
CAGR	6.96%
Incremental Value	$10.67bn

By End-user

Non-residential
Residential

By Product

Air conditioning equipment
Heating equipment
Ventilation equipment

By Geographical Landscape

APAC

This study identifies the advent of smart HVAC systems as one of the prime reasons driving the HVAC equipment market in China growth during the next few years. Also, growing preference for customized HVAC systems and rising adoption of prefabricated construction solutions will lead to sizable demand in the market.

The report on the HVAC equipment market in China covers the following areas:

HVAC equipment market in China sizing
HVAC equipment market in China forecast
HVAC equipment market in China industry analysis

The 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 in China vendors that include Carrier Global Corp., Daikin Industries Ltd., Fujitsu Ltd., GUANGDONG CHIGO AIR CONDITIONING CO. LTD., Guangzhou Seagull Kitchen And Bath Products Co. Ltd., Haier Smart Home Co. Ltd., Hitachi Ltd., Johnson Controls International Plc, Lennox International Inc., LG Corp., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Paloma Co. Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Shanghai Shenglin M and E Technology Co. Ltd., TCL Electronics Holdings Ltd., Toshiba Corp., Trane Technologies plc, and Zhuhai Gree Electric Appliances Co. Ltd.. Also, the HVAC equipment market in China 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.

The publisher 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. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR76369

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 Segmentation by End-user
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 12: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 13: Chart on China: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on China: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 HVAC equipment market in China 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on hvac equipment market in China 2017 - 2021 ($ billion)
4.2 End user Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - End user Segment 2017 - 2021 ($ billion)
4.3 Product Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - Product Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 25: Chart on End-user - Market share 2022-2027 (%)
Exhibit 26: Data Table on End-user - Market share 2022-2027 (%)
6.2 Comparison by End-user
Exhibit 27: Chart on Comparison by End-user
Exhibit 28: Data Table on Comparison by End-user
6.3 Non-residential - Market size and forecast 2022-2027
Exhibit 29: Chart on Non-residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 30: Data Table on Non-residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 31: Chart on Non-residential - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Non-residential - Year-over-year growth 2022-2027 (%)
6.4 Residential - Market size and forecast 2022-2027
Exhibit 33: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 34: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Residential - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by End-user
Exhibit 37: Market opportunity by End-user ($ billion)
Exhibit 38: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Product

7.1 Market segments
Exhibit 39: Chart on Product - Market share 2022-2027 (%)
Exhibit 40: Data Table on Product - Market share 2022-2027 (%)
7.2 Comparison by Product
Exhibit 41: Chart on Comparison by Product
Exhibit 42: Data Table on Comparison by Product
7.3 Air conditioning equipment - Market size and forecast 2022-2027
Exhibit 43: Chart on Air conditioning equipment - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Data Table on Air conditioning equipment - Market size and forecast 2022-2027 ($ billion)
Exhibit 45: Chart on Air conditioning equipment - Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on Air conditioning equipment - Year-over-year growth 2022-2027 (%)
7.4 Heating equipment - Market size and forecast 2022-2027
Exhibit 47: Chart on Heating equipment - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Data Table on Heating equipment - Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Chart on Heating equipment - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Heating equipment - Year-over-year growth 2022-2027 (%)
7.5 Ventilation equipment - Market size and forecast 2022-2027
Exhibit 51: Chart on Ventilation equipment - Market size and forecast 2022-2027 ($ billion)
Exhibit 52: Data Table on Ventilation equipment - Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Chart on Ventilation equipment - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Ventilation equipment - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Product
Exhibit 55: Market opportunity by Product ($ billion)
Exhibit 56: Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 58: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends

10 Vendor Landscape

10.1 Overview
10.2 Vendor landscape
Exhibit 59: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 60: Overview on factors of disruption
10.4 Industry risks
Exhibit 61: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
Exhibit 62: Vendors covered
11.2 Market positioning of vendors
Exhibit 63: Matrix on vendor position and classification
11.3 Carrier Global Corp.
Exhibit 64: Carrier Global Corp. - Overview
Exhibit 65: Carrier Global Corp. - Business segments
Exhibit 66: Carrier Global Corp. - Key news
Exhibit 67: Carrier Global Corp. - Key offerings
Exhibit 68: Carrier Global Corp. - Segment focus
11.4 Daikin Industries Ltd.
Exhibit 69: Daikin Industries Ltd. - Overview
Exhibit 70: Daikin Industries Ltd. - Business segments
Exhibit 71: Daikin Industries Ltd. - Key news
Exhibit 72: Daikin Industries Ltd. - Key offerings
Exhibit 73: Daikin Industries Ltd. - Segment focus
11.5 Fujitsu Ltd.
Exhibit 74: Fujitsu Ltd. - Overview
Exhibit 75: Fujitsu Ltd. - Business segments
Exhibit 76: Fujitsu Ltd. - Key news
Exhibit 77: Fujitsu Ltd. - Key offerings
Exhibit 78: Fujitsu Ltd. - Segment focus
11.6 Haier Smart Home Co. Ltd.
Exhibit 79: Haier Smart Home Co. Ltd. - Overview
Exhibit 80: Haier Smart Home Co. Ltd. - Business segments
Exhibit 81: Haier Smart Home Co. Ltd. - Key offerings
Exhibit 82: Haier Smart Home Co. Ltd. - Segment focus
11.7 Hitachi Ltd.
Exhibit 83: Hitachi Ltd. - Overview
Exhibit 84: Hitachi Ltd. - Business segments
Exhibit 85: Hitachi Ltd. - Key news
Exhibit 86: Hitachi Ltd. - Key offerings
Exhibit 87: Hitachi Ltd. - Segment focus
11.8 Johnson Controls International Plc
Exhibit 88: Johnson Controls International Plc - Overview
Exhibit 89: Johnson Controls International Plc - Business segments
Exhibit 90: Johnson Controls International Plc - Key news
Exhibit 91: Johnson Controls International Plc - Key offerings
Exhibit 92: Johnson Controls International Plc - Segment focus
11.9 LG Corp.
Exhibit 93: LG Corp. - Overview
Exhibit 94: LG Corp. - Business segments
Exhibit 95: LG Corp. - Key offerings
Exhibit 96: LG Corp. - Segment focus
11.10 MIDEA Group Co. Ltd.
Exhibit 97: MIDEA Group Co. Ltd. - Overview
Exhibit 98: MIDEA Group Co. Ltd. - Product / Service
Exhibit 99: MIDEA Group Co. Ltd. - Key offerings
11.11 Mitsubishi Electric Corp.
Exhibit 100: Mitsubishi Electric Corp. - Overview
Exhibit 101: Mitsubishi Electric Corp. - Business segments
Exhibit 102: Mitsubishi Electric Corp. - Key news
Exhibit 103: Mitsubishi Electric Corp. - Key offerings
Exhibit 104: Mitsubishi Electric Corp. - Segment focus
11.12 Panasonic Holdings Corp.
Exhibit 105: Panasonic Holdings Corp. - Overview
Exhibit 106: Panasonic Holdings Corp. - Product / Service
Exhibit 107: Panasonic Holdings Corp. - Key news
Exhibit 108: Panasonic Holdings Corp. - Key offerings
11.13 Samsung Electronics Co. Ltd.
Exhibit 109: Samsung Electronics Co. Ltd. - Overview
Exhibit 110: Samsung Electronics Co. Ltd. - Business segments
Exhibit 111: Samsung Electronics Co. Ltd. - Key news
Exhibit 112: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 113: Samsung Electronics Co. Ltd. - Segment focus
11.14 TCL Electronics Holdings Ltd.
Exhibit 114: TCL Electronics Holdings Ltd. - Overview
Exhibit 115: TCL Electronics Holdings Ltd. - Business segments
Exhibit 116: TCL Electronics Holdings Ltd. - Key news
Exhibit 117: TCL Electronics Holdings Ltd. - Key offerings
Exhibit 118: TCL Electronics Holdings Ltd. - Segment focus
11.15 Toshiba Corp.
Exhibit 119: Toshiba Corp. - Overview
Exhibit 120: Toshiba Corp. - Business segments
Exhibit 121: Toshiba Corp. - Key news
Exhibit 122: Toshiba Corp. - Key offerings
Exhibit 123: Toshiba Corp. - Segment focus
11.16 Trane Technologies plc
Exhibit 124: Trane Technologies plc - Overview
Exhibit 125: Trane Technologies plc - Business segments
Exhibit 126: Trane Technologies plc - Key offerings
Exhibit 127: Trane Technologies plc - Segment focus
11.17 Zhuhai Gree Electric Appliances Co. Ltd.
Exhibit 128: Zhuhai Gree Electric Appliances Co. Ltd. - Overview
Exhibit 129: Zhuhai Gree Electric Appliances Co. Ltd. - Product / Service
Exhibit 130: Zhuhai Gree Electric Appliances Co. Ltd. - Key offerings

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 131: Inclusions checklist
Exhibit 132: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 133: Currency conversion rates for US$
12.4 Research methodology
Exhibit 134: Research methodology
Exhibit 135: Validation techniques employed for market sizing
Exhibit 136: Information sources
12.5 List of abbreviations
Exhibit 137: List of abbreviations