HVAC Linesets Market
Global HVAC Linesets Market by Material Type (Copper, Low Carbon), End-Use (Residential, Commercial, Industrial), Implementation (New Construction, Retrofit) Forecast Period, 2022-2028
The global HVAC linesets market is projected to grow at a modest CAGR of 4.5% during the forecast period. The primary factor driving the HVAC linesets market is the increasing residential construction, growing trends of smart homes, and increasing demand for air conditioners. Construction of smart homes is on the rise, with nearly 30 million US households projected to add smart home technology shortly. The products consumers are looking to add to their homes include connected cameras and HVAC systems. The increasing demand for efficient heating has led to the adoption of automated heater controls.
In addition, the textile industry, manufacturing, and various other industries use HVAC for different purposes. According to the World Bank, the textile industry contributed around 2.35% to the country's GDP in 2018. Air conditioning plays an important role in the textile trade as it is necessary for the production of high-quality products. The manufacturing of natural cotton, wool, silk, rayon, and nylon fibers needs to be controlled under exact relative humidity in its development process. The finished textile products are considerably soft and durable when they are manufactured under an ideal humidity environment. If these textiles are produced under dry humidity conditions, there is a very high chance that the produced item is brittle and weak. As a result, various manufacturing stages in textile industries need different heat and humidity settings. For instance, lower humidity is needed in the weaving unit for reducing static electricity and it also improves the strength of cotton threads.
Impact of COVID-19 Pandemic on Global HVAC Linesets Market
The COVID-19 pandemic led to a positive impact on the growth of the global HVAC linesets market. The pandemic has resulted in increased consumption of HVAC linesets due to the lockdown. The travel restrictions and work from the module led to the utilization of HVAC during COVID-19 at residential places. However, due to the same reason commercial HVAC witnessed a slowdown.
Segmental Outlook
The global HVAC linesets market is segmented based on material type, end-user, and implementation. Based on the material type, the market is segmented as copper, low carbon, and others. Among the material type, the copper segment is the fastest-growing segment owing to its advantages in heating and cooling installations in all types of commercial and residential buildings. Based on end-user, the market is segmented into residential, commercial, and industrial. Based on the implementation, the market is segmented into new construction and retrofit. Among the implementation, the retrofit segment of the market is estimated to hold a lucrative share of the market. The attributable factor for the growth of the segment is the cost-effectiveness provided by retrofit. It improves the system's performance without replacing the entire system.
Global HVAC Linesets Market Share by End-User, 2021 (%)
Residential Segment to Hold a Prominent Share in the Global HVAC Linesets Market
Based on the end-user segment, the market is classified into residential, commercial, and industrial. The residential segment is estimated to have a major share during the forecast period. Among these, the residential sector held the most significant share in the market during the forecast period. The growth of the residential segment is driven by the rising popularity of smart homes. On the contrary, the high costs associated with the installation and maintenance of these systems coupled with the implementation of strict pollution control measures across mature markets, which requires regulatory compliance will be restraining the segment growth.
Regional Outlook
The global HVAC linesets market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the HVAC linesets market in the region. The regional growth of the market is accredited to the changing consumer lifestyle coupled with rising disposable income in the economies such as China and India. The industrial sector is the second major contributor to the GDP of the Australian economy with a share of 25.69% in 2020 as per the Central Intelligence Agency (CIA). This includes the share of mining and manufacturing, both accounting for around 5.8% of GDP share.
Global HVAC Linesets Market Growth, by Region 2022-2028
North America is Projected to Have a Prominent Share in the Global HVAC Linesets Market
North America is anticipated to exhibit the highest growth in the global HVAC linesets market. The growth factors for the regional market include increasing industrial growth and stringent environmental norms. Further, high disposable income and urbanization are other factors driving the growth of the market.
The well-developed infrastructure and growing investments in the field are some of the other factors driving the growth of the regional market.
Market Players Outlook
The prominent players functioning in the global HVAC linesets market include Carrier Corp., Daikin Industries, Ltd., Emerson Electric Co., Hitachi Ltd., and Johnson Controls International plc, among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others to thrive in a competitive environment. For an instance, in April 2020, Johnson Controls International plc opened a new HVAC rooftop center of excellence in Oklahoma. The facility serves as a location for the research, manufacturing, and testing of HVAC rooftop units.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global HVAC linesets market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global HVAC Linesets Industry
• Recovery Scenario of Global HVAC Linesets Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Conclusion
2.3. Porter’s Analysis
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global HVAC Linesets Market by Material Type
4.1.1. Copper
4.1.2. Low Carbon
4.1.3. Others
4.2. Global HVAC Linesets Market by End-User
4.2.1. Residential
4.2.2. Commercial
4.2.3. Industrial
4.3. Global HVAC Linesets Market by Implementation
4.3.1. New Construction
4.3.2. Retrofit
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Carrier Corp.
6.2. Daikin Industries, Ltd.
6.3. Emerson Electric Co.
6.4. Fujitsu General Ltd.
6.5. Godrej & Boyce Manufacturing Co. Ltd.
6.6. Gree Electric Appliances, Inc.
6.7. Guangdong Chigo Air Conditioning Co., Ltd.
6.8. Haier Electronics Group Co., Ltd.
6.9. Hitachi Ltd.
6.10. Hitachi, Ltd.
6.11. Johnson Controls International plc
6.12. Lennox International, Inc.
6.13. LG Electronics Corp.
6.14. Midea Group.
6.15. Mitsubishi Electric Corp.
6.16. Nortek Air Solutions, LLC
6.17. Panasonic Corp.
6.18. Samsung Group.
6.19. Toshiba Corp.
6.20. Trane Technologies
6.21. United Technologies Corp.
6.22. Voltas Ltd.
6.23. York (Parent company Johnson Controls)
1. GLOBAL HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
2. GLOBAL COPPER-BASED HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL LOW CARBON-BASED HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL OTHER MATERIALS BASED HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY END-USER 2021-2028 ($ MILLION)
6. GLOBAL HVAC LINESETS FOR RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL HVAC LINESETS FOR COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL HVAC LINESETS FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY IMPLEMENTATION, 2021-2028 ($ MILLION)
10. GLOBAL HVAC LINESETS IN NEW CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL HVAC LINESETS IN RETROFIT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. NORTH AMERICAN HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
16. NORTH AMERICAN HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY IMPLEMENTATION, 2021-2028 ($ MILLION)
17. EUROPEAN HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
19. EUROPEAN HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
20. EUROPEAN HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY IMPLEMENTATION, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY IMPLEMENTATION, 2021-2028 ($ MILLION)
25. REST OF THE WORLD HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
27. REST OF THE WORLD HVAC LINESETS MARKET RESEARCH AND ANALYSIS BY IMPLEMENTATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL HVAC LINESETS MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL HVAC LINESETS MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL HVAC LINESETS MARKET, 2022-2028 (%)
4. GLOBAL HVAC LINESETS MARKET SHARE BY MATERIAL TYPE, 2021 VS 2028 (%)
5. GLOBAL COPPER BASED HVAC LINESETS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL LOW CARBON-BASED HVAC LINESETS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL OTHERS BASED HVAC LINESETS MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL HVAC LINESETS MARKET SHARE BY END-USER, 2021 VS 2028 (%)
9. GLOBAL HVAC LINESETS FOR RESIDENTIAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL HVAC LINESETS FOR COMMERCIAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL HVAC LINESETS FOR INDUSTRIAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL HVAC LINESETS MARKET SHARE BY IMPLEMENTATION, 2021 VS 2028 (%)
13. GLOBAL HVAC LINESETS IN NEW CONSTRUCTION MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL HVAC LINESETS IN RETROFIT MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL HVAC LINESETS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. US HVAC LINESETS MARKET SIZE, 2021-2028 ($ MILLION)
17. CANADA HVAC LINESETS MARKET SIZE, 2021-2028 ($ MILLION)
18. UK HVAC LINESETS MARKET SIZE, 2021-2028 ($ MILLION)
19. FRANCE HVAC LINESETS MARKET SIZE, 2021-2028 ($ MILLION)
20. GERMANY HVAC LINESETS MARKET SIZE, 2021-2028 ($ MILLION)
21. ITALY HVAC LINESETS MARKET SIZE, 2021-2028 ($ MILLION)
22. SPAIN HVAC LINESETS MARKET SIZE, 2021-2028 ($ MILLION)
23. ROE HVAC LINESETS MARKET SIZE, 2021-2028 ($ MILLION)
24. INDIA HVAC LINESETS MARKET SIZE, 2021-2028 ($ MILLION)
25. CHINA HVAC LINESETS MARKET SIZE, 2021-2028 ($ MILLION)
26. JAPAN HVAC LINESETS MARKET SIZE, 2021-2028 ($ MILLION)
27. ASEAN HVAC LINESETS MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA HVAC LINESETS MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC HVAC LINESETS MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD HVAC LINESETS MARKET SIZE, 2021-2028 ($ MILLION)
