April 19, 2013
/PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Global HVAC Equipment Industry 2013-2018: Trend, Profit, and Forecast Analysis
The global HVAC industry comprises establishments that manufacture heating, ventilation, and
air conditioning (HVAC) systems. Industry revenue is forecast to reach an estimated
2018. The competitive landscape of this industry has remained unchanged for the last five years,
with the entry of one new player in the top 10 list, United Technologies Corporation.
Lucintel, a leading global management consulting and market research firm, has conducted a
competitive analysis of the industry and presents its findings in ?Global HVAC Equipment
Industry 2013?2018: Trend, Profit, and Forecast Analysis.?
this industry. Commercial HVAC equipment is major segment of the industry, with more than 50
% of the market share.
Lucintel's report gives a brief overview of the industry challenges. Increasingly warmer global
temperatures are affecting the industry. The global HVAC industry is capital intensive, and with
the economy experiencing downturn globally, it is a challenge for many HVAC equipment
manufacturers to invest heavily in the industry. Although the middle class population is projecting
healthy growth across the world, still the economic condition is preventing many of them from
buying domestic HVAC equipment such as air conditioners.
In addition to the industry's challenges, the study highlights growth drivers. Increasing
construction activities are mainly responsible for driving growth in the industry. Global sales of
homes and new buildings have increased, favoring the industry as sales of HVAC equipment is
highly correlated to the construction of new homes and buildings. Availability of easy financing
supports the growth of HVAC equipment sales. Residential HVAC equipment is the key growth