Global demand for HVAC equipment is forecast to rise 5.7 percent annually to $120 billion in 2018. The Asia/Pacific region will remain the dominant geographic market, while North America grows the fastest. Heat pumps will lead gains based on lower penetration rates and multiple abilities to heat and cool air, and heat water.This study analyzes the $91.5 billion world HVAC equipment industry. It presents historical demand data for 2003, 2008 and 2013, and forecasts for 2018 and 2023 by product (e.g., room air conditioners, unitary air conditioners, heat pumps, boilers, warm air furnaces), world region, and for 18 countries.The study also considers market environment factors, details industry structure, evaluates company market share and profiles 31 industry participants, including GD Midea, Gree Electric Appliances and Daikin Industries.
