Market Overview:
The global indoor HVAC&R system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient systems and the growing awareness about climate change and its impact on human health. In addition, the increasing construction of new buildings and renovation of existing buildings are also contributing to the growth of this market. The refrigeration cycle type segment is expected to dominate the global indoor HVAC&R system market during the forecast period.
Product Definition:
An HVAC&R system is a complete, integrated system used to condition air for thermal comfort and to control moisture in indoor environments. The components of an HVAC&R system include heating, cooling, ventilation, and humidity control equipment.
Refrigeration Cycle Type:
The refrigeration cycle type is a part of the HVAC&R system and its function is to provide cooling. The refrigeration cycle types include air-cooled, water-cooled, and heat pump based systems. The heat pump provides both heating & cooling functions by transferring energy from one medium to another thus reducing the temperature of working fluid (i.e.
Humidity Control Type:
Humidity control type is used to maintain the relative humidity level in indoor spaces. It helps in maintaining the air quality by reducing the dew point of air. Dew point is reached when water vapor starts collecting on cool surfaces and it can cause health issues such as mold, mildew, rust and corrosion along with increasing static electricity &irotating charge. Humidity control types are widely used for preventing these problems along with providing comfort during warm weather months.
Application Insights:
The demand for the global indoor HVAC&R system market is majorly driven by the residential sector. The residential application segment accounted for a share of over 60% in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing urbanization, which has resulted in an increased need for air conditioning systems in homes and apartments. Furthermore, government initiatives such as ¢â‚¬Å“Cool Roofs For Schools¢â‚¬ program by The Climate Group are likely to boost product demand from 2019 to 2020.
Hotels are anticipated to emerge as one of the fastest-growing segments during the forecast period owing to rising construction of hotels at a global level due largely on tourism industry development across various regions including Asia Pacific and Middle East & Africa countries such as Saudi Arabia.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in commercial and residential construction activities, which is subsequently driving the demand for HVAC&R systems. Furthermore, rising disposable income of consumers and an increasing number of nuclear families are contributing to increased demand for home comfort systems across this region.
The North American regional market accounted for a significant share owing to early adoption of technologies by various end-users such as hotels, hospitals, educational institutions among others. Moreover, presence of key manufacturers such as Honeywell International Inc.; Emerson Electric Co.; Johnson Controls; CooperSVA; Yorktona Corporation; Trane Inc.; Nestl© S.A.
Growth Factors:
- Increasing demand for energy-efficient systems: The global market for HVAC&R systems is expected to grow at a CAGR of 5.5% from 2016 to 2021. This growth can be attributed to the increasing demand for energy-efficient systems, especially in developing countries such as China and India.
- Growing construction and renovation activities: The global market for HVAC&R system is also driven by the growing construction and renovation activities across the world. This is particularly true in developed countries such as the US, Japan, and Germany, where there is a constant need for new construction or replacement of aging infrastructure.
- Rising awareness about indoor air quality: There has been a rising awareness about indoor air quality in recent years, which has led to an increase in demand for advanced HVAC&R systems that can improve air quality indoors.
Scope Of The Report
Report Attributes
Report Details
Report Title
Indoor HVAC&R System Market Research Report
By Type
Refrigeration Cycle Type, Humidity Control Type, Refrigerants Type, Absorption Chiller Type
By Application
Residential, Office Building, Hotel, Others
By Companies
Emerson, Johnson Controls, Honeywell, Novenco, REFCO Manufacturing, Bosch, KEYTER, Sanhua, Dunham-Bush, CPS Products, Diehl Group, Whalen Company, Metal Solutions, Inc., Lennox, Modine, Mannai Industrial
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Indoor HVAC&R System Market Report Segments:
The global Indoor HVAC&R System market is segmented on the basis of:
Types
Refrigeration Cycle Type, Humidity Control Type, Refrigerants Type, Absorption Chiller Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Office Building, Hotel, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Emerson
- Johnson Controls
- Honeywell
- Novenco
- REFCO Manufacturing
- Bosch
- KEYTER
- Sanhua
- Dunham-Bush
- CPS Products
- Diehl Group
- Whalen Company
- Metal Solutions, Inc.
- Lennox
- Modine
- Mannai Industrial
Highlights of The Indoor HVAC&R System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Refrigeration Cycle Type
- Humidity Control Type
- Refrigerants Type
- Absorption Chiller Type
- By Application:
- Residential
- Office Building
- Hotel
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Indoor HVAC&R System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An indoor HVAC&R system is a heating, ventilation and air conditioning (HVAC) system used in buildings.
Some of the major companies in the indoor hvac&r system market are Emerson, Johnson Controls, Honeywell, Novenco, REFCO Manufacturing, Bosch, KEYTER, Sanhua, Dunham-Bush, CPS Products, Diehl Group, Whalen Company, Metal Solutions, Inc., Lennox, Modine, Mannai Industrial.
The indoor hvac&r system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Indoor HVAC&R System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Indoor HVAC&R System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Indoor HVAC&R System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Indoor HVAC&R System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Indoor HVAC&R System Market Size & Forecast, 2018-2028
4.5.1 Indoor HVAC&R System Market Size and Y-o-Y Growth
4.5.2 Indoor HVAC&R System Market Absolute $ Opportunity
Chapter 5 Global Indoor HVAC&R System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Indoor HVAC&R System Market Size Forecast by Type
5.2.1 Refrigeration Cycle Type
5.2.2 Humidity Control Type
5.2.3 Refrigerants Type
5.2.4 Absorption Chiller Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Indoor HVAC&R System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Indoor HVAC&R System Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Office Building
6.2.3 Hotel
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Indoor HVAC&R System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Indoor HVAC&R System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Indoor HVAC&R System Analysis and Forecast
9.1 Introduction
9.2 North America Indoor HVAC&R System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Indoor HVAC&R System Market Size Forecast by Type
9.6.1 Refrigeration Cycle Type
9.6.2 Humidity Control Type
9.6.3 Refrigerants Type
9.6.4 Absorption Chiller Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Indoor HVAC&R System Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Office Building
9.10.3 Hotel
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Indoor HVAC&R System Analysis and Forecast
10.1 Introduction
10.2 Europe Indoor HVAC&R System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Indoor HVAC&R System Market Size Forecast by Type
10.6.1 Refrigeration Cycle Type
10.6.2 Humidity Control Type
10.6.3 Refrigerants Type
10.6.4 Absorption Chiller Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Indoor HVAC&R System Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Office Building
10.10.3 Hotel
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Indoor HVAC&R System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Indoor HVAC&R System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Indoor HVAC&R System Market Size Forecast by Type
11.6.1 Refrigeration Cycle Type
11.6.2 Humidity Control Type
11.6.3 Refrigerants Type
11.6.4 Absorption Chiller Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Indoor HVAC&R System Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Office Building
11.10.3 Hotel
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Indoor HVAC&R System Analysis and Forecast
12.1 Introduction
12.2 Latin America Indoor HVAC&R System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Indoor HVAC&R System Market Size Forecast by Type
12.6.1 Refrigeration Cycle Type
12.6.2 Humidity Control Type
12.6.3 Refrigerants Type
12.6.4 Absorption Chiller Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Indoor HVAC&R System Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Office Building
12.10.3 Hotel
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Indoor HVAC&R System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Indoor HVAC&R System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Indoor HVAC&R System Market Size Forecast by Type
13.6.1 Refrigeration Cycle Type
13.6.2 Humidity Control Type
13.6.3 Refrigerants Type
13.6.4 Absorption Chiller Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Indoor HVAC&R System Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Office Building
13.10.3 Hotel
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Indoor HVAC&R System Market: Competitive Dashboard
14.2 Global Indoor HVAC&R System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson
14.3.2 Johnson Controls
14.3.3 Honeywell
14.3.4 Novenco
14.3.5 REFCO Manufacturing
14.3.6 Bosch
14.3.7 KEYTER
14.3.8 Sanhua
14.3.9 Dunham-Bush
14.3.10 CPS Products
14.3.11 Diehl Group
14.3.12 Whalen Company
14.3.13 Metal Solutions, Inc.
14.3.14 Lennox
14.3.15 Modine
14.3.16 Mannai Industrial
