Report Highlights
BCC Research estimates the total global market for commercial and residential HVAC (heating, ventilation, and air conditioning) systems at $69.8 billion in 2013 and $75.4 billion in 2014. This market is expected to reach $116.6 billion by 2019, registering a compound annual growth rate (CAGR) of 9.1% over the next five years.
Report Includes
- An overview of the global market for heating, ventilation, and air conditioning (HVAC), the technology of indoor residential, commercial, and industrial environmental comfort.
- Analyses of global market trends, with data from 2013, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019.
- Examination of factors influencing demand, including the development of energy saving and tighter energy-efficiency regulation, the convergence of all home equipment on a single home management platform through the Internet, and the development of efficient technologies such as heat pump.
- Discussion of market drivers, such as demographic trends, economic growth, improved living standards, the state of the construction market, the push for "green" building, and the smart grid infrastructure.
- Comprehensive company profiles of major vendors.
Report Scope
The study covers the major segments of the HVAC market, which are defined as:
- Commercial.
- Residential.
- New installations.
- Renewal/retrofit/update.
The study addresses the major enabling technologies for the various types of home automation products, such as:
- Ventilation.
- Heating.
- Cooling.
- Ducts.
- Refrigerants.
- Network and connectivity.
The study format includes the following major elements:
- Executive summary.
- Market Definition.
- HVAC functions.
Analyst Credentials
Patrick Levy, the author of this report, is the CEO of the Boston based international technology, marketing and competitive intelligence firm Pulsar-CI. One of Pulsar-CI’s activities is the publication of Smartgrid-CI a daily competitive intelligence newsletter dedicated to the global smart grid and electric power markets that includes news and analysis on all aspects of the global utility and power energy business.
He is the author of numerous reports on a diversity of B-to-B sectors and has more than five years strategy consulting and market research experience with the energy sector, conducted for global clients in North America, Europe and the Middle East. He also has extensive knowledge of high technology industries from several years of Program Manager experience with IDC, a world leading market research firm. Patrick Levy has an MBA from the Darden Graduate School of Business Administration, University of Virginia.
Related Reports
U.S. Indoor Air Quality Market
The U.S. Indoor Air Quality (IAQ) market was over $7.7 billion in 2013 and is expected to grow to $8.1 billion in 2014 and $11.4 billion by 2019, a compound annual growth rate (CAGR) of 7.0% over the next five years.
Energy Management Information Systems: Global Markets
The global energy management information systems (EMIS) market was valued at nearly $62 billion in 2011 and should reach $52.6 billion in 2012. Total market value is expected to reach nearly $68.5 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 5.4%. The U.S. EMIS market is expected to have a value of $26.7 billion in 2012 and $30.1 billion in 2017, a CAGR of 2.5%.
Commercial Building Automation Products: Technologies and Global Markets
The global building automation market was $68.5 billion in 2010 and $71.5 billion in 2011. It will further grow to $88.2 billion in 2016, a compound annual growth rate (CAGR) of 4.3% between 2011 and 2016.
Recent Reports
2024 Robotics Technology Research Review
This 2024 Research Review of Robotics Technology Market provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.
2024 Instrumentation & Sensors Research Review
This 2024 Instrumentation and Sensors Research Review provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.
Global Markets for Automotive Sensor Technologies
The global market for automotive sensor technologies was valued at $37.0 billion in 2023. This market is expected to grow from $37.8 billion in 2024 to $51.6 billion by 2029, at a compound annual growth rate (CAGR) of 6.4% from 2024 through 2029.
Global Fluorescence Microscopy Market
The global market for fluorescence microscopy is expected to grow from $968.5 million in 2024 and is projected to reach $1.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.5% during the forecast period of 2024 to 2029.
Hyperspectral Imaging: Technologies and Global Markets
The global market for hyperspectral imaging was valued at $277.7 million in 2023. It is expected to grow from $301.4 million in 2024 to $472.9 million by 2029, at a compound annual growth rate (CAGR) of 9.4% from 2024 through 2029.
Top Trending Reports
Carbon Capture, Utilization & Storage Technologies
The global market for carbon capture, utilization and storage (CCUS) technologies is expected to grow from $3.4 billion in 2024 and is projected to reach $9.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.1% during the forecast period of 2024 to 2029.
Cell-Based Assays: Technologies and Global Markets
The global market for cell-based assays is estimated to increase from $35.3 billion in 2024 to reach $56.3 billion by 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.
Global Markets for Chemicals for Cosmetics & Toiletries
The global market for chemicals in cosmetics and toiletries is expected to grow from $27.7 billion in 2024 to $35.0 billion by 2029, at a compound annual growth rate (CAGR) of 4.8% from 2024 through 2029.
Generative AI: Global Markets
The global market for generative AI was valued at $15.4 billion in 2023. It is projected to grow from $20.8 billion in 2024 to $94.4 billion by 2029, at a compound annual growth rate (CAGR) of 35.3% from 2024 through 2029.
Liquid Biopsy Research Tools, Services and Diagnostics: Global Markets
The global market for liquid biopsy is expected to grow from $4.6 billion in 2024 and is projected to reach $13.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.3% during the forecast period of 2024 to 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More