Abstract
World HVAC demand will exceed $70 billion in 2012
World demand for HVAC equipment is projected to rise more than five percent
per year through 2012, exceeding $70 billion. Demand in the Asia/Pacific
region will outpace the global average, rising more than six percent annually
through 2012.
The US, China and Japan are the largest producers of HVAC equipment. China has
grown into a leading supplier of HVAC equipment, due to its inexpensive labor
pool, which has made pricing of Chinese goods especially competitive. China
has become a major producer in the room air conditioner segment, exporting
products to the US, Western Europe and throughout Asia.
Asia/Pacific, Africa/Mideast to lead regional gains
China will be the fastest growing national market, benefitting from
above-average urban population growth and healthy gains in the number of
households, as well as rising income levels. Above-average growth will also
occur in India due to solid gains in the number of households and rising per
capita incomes. The other developing countries of Asia and Africa/Mideast will
also post strong gains, reflecting rising standards of living in the regions.
Opportunities will also exist in developed regions. Demand in the US, for
example, will exhibit recovery by 2012 after a period of sluggishness
resulting from the housing crisis. Gains will also exist in Western Europe, as
air conditioning becomes more common in residential buildings.
Study coverage
It presents historical data (1997, 2002, 2007) plus forecasts (2012, 2017) for
supply and demand by product in six regions and 20 countries. This study also
examines market environment factors, evaluates market share data and profiles
28 global industry competitors.
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