HVAC Equipment Market in China

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Published : Jul-2015
No. of Pages : 67

HVAC Equipment Market in China 2015-2019

The following companies are the key players in the HVAC Equipment Market in China: Carrier, Daikin Industries, Ingersoll Rand and LG

Other Prominent Vendors in the market are: AB Electrolux, GD Midea, Gree Electric Appliances, Haier, Lennox International, Nortek, Paloma Industries, Samsung and Siemens

Commenting on the report, an analyst said: "The HVAC equipment market in China is shifting toward green technology and the use of smart solutions. The green initiative has been taken up by different countries to promote clean energy. With the advent of hybrid systems and non-polluting refrigerants, HVAC vendors and end-users are shifting toward green technology. In addition, HVAC vendors are developing new heating and cooling equipment compatible with eco-friendly refrigerants. To align themselves with green technology, companies are manufacturing HVAC systems that meet and exceed guidelines for ENERGY STAR ratings and Energy Guide labels. Some of the major limitations for the growth of green HVAC are regulations, public awareness, and uneven demand."

According to the report, end-users prefer using energy-efficient HVAC equipment to reduce their operating expenses; HVAC systems account for 60%-70% of the energy cost of a building. Thus, this impulse for energy saving has been driving consumers and businesses to buy HVAC equipment. In addition, the international fossil fuel market is always under pressure because there is hardly any reserve capacity. This makes the fossil fuel prices sensitive to energy demand. Thus, reduced energy demand will result in reduced fossil fuel prices. Since about 60% of China's electricity is produced from fossil fuels, it will lead to reduced electricity prices. Thus, the reduced electricity prices are expected to encourage people to opt for the latest technology HVAC equipment.

Further, the report states that many HVAC market vendors are expected to find it difficult to comply with the norms as they require intensive restructuring of their business models, which is expected to lead to heavy investment in the market during the forecast period.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Filed in: construction
Publisher : Technavio