Theo tin ReportBuyer
October 2017
183 pages
BIS Research
Report ID: 5149260
South East Asia HVACR Market to reach $13.63 billion by 2023, Reports BIS Research
Heating, Ventilation Air-conditioning and Refrigeration (HVACR) market in the South East Asia (SEA) market is primarily driven by the growth in the construction sector. Leading manufacturers in the HVACR industry are tapping this market by introducing cost effective, energy efficient products in the region. The demand of regulating temperature expanded from industries to large commercial buildings and household applications.
The three central functions of heating, ventilating, and air conditioning are interrelated, proving to be a necessity rather than a luxury in most parts of the world, especially in the Southeast Asia region.
This study includes an overview and analysis of the SEA Heating, Ventilation Air-conditioning and Refrigeration (HVACR) market, by type of products and components across various countries in SEA, allowing the researcher to develop a comprehensive outlook of the market. The report provides an extensive insight into various forms of developments, trends, and key participants. While highlighting the key driving and restraining forces for this dynamic market, the report also provides an in-depth analysis of the Porter’s five forces model of the HVACR market and an assessment of the factors governing it. The report builds itself upon an all-inclusive value chain providing a clear understanding of the ecosystem of the HVACR products market.
The following key questions are answered in the “SEA Heating, Ventilation Air-conditioning and Refrigeration (HVACR) Market, 2017-2023” report:
• What are major types of HVACR products prevalent in Southeast Asia region?
• Who are the major players in Southeast Asia HVAC market and their respective company profile?
• What are the key market developments and strategies of leading players in Southeast Asia HVACR market?
• What are major drivers, challenges and opportunities for Southeast Asia HVACR market?
• What is the market size (value and volume) of window and portable/moveable air Conditioners in major countries across Southeast Asia region?
• What is the market size (value and volume) of mini split systems in different countries across Southeast Asia region?
• What is the market size (value and volume) of single packed systems in different countries across Southeast Asia region?
• What is the market size (value and volume) of chillers in Southeast Asia HVACR market?
• What is the market size (value and volume) of AHU and FCU in different countries across Southeast Asia region?
• What is the market size (value) of refrigeration cycle components across different products?
The report includes the profiles of major players such as Carrier, Trane, Johnson controls, Daikin, among others in the SEA HVACR market, allowing the readers to gain an insight into the various industry trends in this region.
Executive Summary
Heating, Ventilation, Air Conditioning and Refrigeration (HVACR) has a strong growth in the South East Asia (SEA) market majorly because of the growing construction sector. The market is expected to grow at a CAGR of 9.30% during the forecast period (2017-2023). The HVAC market started gaining popularity in the early 20th century and has shown a promising growth ever since. However, the late 20th century brought a stagnation in the growth of the market. Nevertheless, the Air Conditioning (AC) market regained its momentum after the settlement of the global economic recession in 2008.
The SEA HVACR market is currently exhibiting a paradigm shift towards adopting the latest technologies and environment friendly cooling solutions such as Variable Refrigerant Flow (VRF). Different regulatory, energy and other standards across SEA region (such as Montreal Protocol, National Energy Policy and Voluntary Commercial energy Codes, Energy conservation promotion act in Thailand, among others) are the major reasons why manufacturers are actively adopting more advanced cooling technologies.
The market value generated by the HVACR volume sales in the SEA region varies highly, as this is a very price sensitive market. Products with higher brand name, quality, energy efficiency, and good output are sustaining the higher market share. There are several Chinese, and other regional and local brands, that are holding a significant market share on the basis of lesser pricing but with lower quality products.
The leading players are focusing on increasing their market presence in this region by expanding distribution outlets in the region and launching products specifically designed for the local population. Furthermore, the regulatory bodies existing in this region play a crucial role in determining the market for the HVACR products.
The HVACR products market has evolved from the stages of rapid growth, then reaching towards stagnation, and subsequently gaining momentum again. The dynamic nature of the industry can largely be attributed to the increasing urbanization, unprecedented population growth in the SEA region, and frequently modifying governmental regulations for making the HVACR products more energy efficient, among others.
Geographically, Indonesia was the largest market in SEA region in the year 2016 in terms of value with a market value of $3.03 billion. The country is witnessing a high growth in hospitality and food industry and the increased awareness and focus on energy conservation have further contributed to the growth of this market. Furthermore, Malaysia is expected to witness the highest growth of 6.5% during the forecast period. In terms of the products split air conditioners attributed for the highest market volume in 2016 and are expected to grow at a decent pace during the forecast period. The demand is mainly expected to come from increased residential developments which have encouraged consumers to install energy efficient split units in homes, apartments and high/low end buildings, among others
The major players in this region such as Mitsubishi Electric, Dakin, Carrier, among others have focussed on developing innovative and energy efficient products to tap this opportunity in the market. Also, the companies have laid major emphasis on growing their sales and distribution network in this region to further increase their market share.
Countries Covered
• Indonesia
• Malaysia
• Thailand
• Vietnam
Table of contents
Executive Summary
1 Research Scope and Methodology
1.1 Scope of the Report
1.1.1 Market Segmentation
1.2 Southeast Asia (SEA) HVACR Market Research Methodology
1.2.1 Bottom Up Approach
1.2.2 Top Down Approach
1.3 Data Triangulation
1.3.1 Primary Data Sources
1.3.2 Secondary Data Sources
1.3.3 Research Findings From Primary And Secondary Research
1.4 Report Description
1.4.1 Qualitative Mapping
1.4.2 Questions Answered
1.4.3 Research Study Flow
1.5 Assumptions and Limitations for Market Estimation and Forecasting
2 Market Dynamics
2.1 Introduction
2.2 Market Drivers
2.3 Market Challenges
2.4 Market Opportunity
3 Competitive Landscape
3.1 Key Market Development and Strategies
3.1.1 Mergers and Acquisitions
3.1.2 Partnerships, Joint ventures, Agreements, Contracts and Collaborations
3.1.3 Product Launch and Development
3.1.4 Business Expansion
3.2 Industry Attractiveness
4 Industry Analysis
4.1 Introduction
4.2 Regulatory Bodies, Associations & Consortiums
4.3 Patent Analysis
4.4 Value Chain and Distribution Channel of HVACR Market in Southeast Asia
4.4.1 Value Chain
4.4.2 Distribution Channel
5 The Southeast Asia (SEA) HVACR Market, Analysis & Forecast
5.1 Market Overview
5.1.1 Southeast Asia HVACR market, by Products
5.1.1.1 Windows and Portable Air conditioners
5.1.1.2 Split Air Conditioners
5.1.1.3 Single Packaged Air Conditioners
5.1.1.4 Chiller
5.1.1.5 Air Handling Unit (AHU) and Fan Coil Unit (FCU)
5.1.2 Components Type
5.1.2.1 Refrigeration Cycle Components
5.1.2.2 Supporting Cycle Components
5.2 Indonesia HVACR Market
5.2.1 By Product Type
5.2.1.1 Windows and Portable Air conditioners
5.2.1.2 Split Air Conditioners
5.2.1.3 Single Packaged Air Conditioners
5.2.1.4 Chiller
5.2.1.5 Air Handling Unit (AHU) and Fan Coil Unit (FCU)
5.3 Malaysia HVACR Market
5.3.1 By Product Type
5.3.1.1 Windows and Portable Air conditioners
5.3.1.2 Split Air Conditioners
5.3.1.3 Single Packaged Air Conditioners
5.3.1.4 Chiller
5.3.1.5 Air Handling Unit (AHU) and Fan Coil Unit (FCU)
5.4 Vietnam HVACR Market
5.4.1 By Product Type
5.4.1.1 Windows and Portable Air conditioners
5.4.1.2 Split Air Conditioners
5.4.1.3 Single Packaged Air Conditioners
5.4.1.4 Chiller
5.4.1.5 Air Handling Unit (AHU) and Fan Coil Unit (FCU)
5.5 Thailand HVACR Market
5.5.1 By Product Type
5.5.1.1 Windows and Portable Air conditioners
5.5.1.2 Split Air Conditioners
5.5.1.3 Single Packaged Air Conditioners
5.5.1.4 Chiller
5.5.1.5 Air Handling Unit (AHU) and Fan Coil Unit (FCU)
6 Company Profiles
6.1 Daikin Industries ltd.
6.2 Gree Electric Appliances inc.
6.3 Johnson Controls
6.4 LG Corporation
6.5 Mitsubishi Electric
6.6 Panasonic Corporation
6.7 Samsung Electronics
6.8 Trane
6.9 United Technologies Corporation (Carrier)
6.10 Midea Group
6.11 Other Key Players
7 Appendix
7.1 List of Acronyms
7.2 Related Reports
List of Tables
1 Snapshot of economic Conditions in SEA Region
2 Some Mega Ongoing Projects in the SEA Region
3 Southeast Asian Countries’ Population Trend Snapshot (2016)
4 Southeast Asia Renewable Energy Development (2016)
5 Analyzing Factors for Threat of New Entrants
6 Analyzing Factors for Bargaining Power of Buyers
7 Analyzing Factors for Bargaining Power of Suppliers
8 Analyzing Factors for Threat of Substitute
9 Analyzing Factors for Competitive Rivalry
10 Examples of Certain Regulatory Bodies, Associations & Consortiums
11 Examples of Certain Recent Patents
12 Air Cooled Chiller v/s Water Cooled Chillers
13 Key Components of Vapour Compression Cycle
14 Key Components of Absorption Refrigeration Cycle
15 Indonesia Energy Efficiency Targets and Policies
16 Indonesia Window & Portable Components Value ($Million) 2016-2023
17 Indonesia Window & Portable Refrigeration Components Value ($Million) 2016-2023, By Type
18 Indonesia Split Air Conditioners by volume (‘000 Units) 2016-2023
19 Indonesia Split Air Conditioners by value ($Million) 2016-2023
20 Indonesia Split Components Value ($Million), 2016-2023
21 Indonesia Split Air Conditioners Refrigeration Components Value ($Million), 2016-2023
22 Indonesia Single Packaged Components Value ($Million) 2016-2023
23 Indonesia Split Air Conditioners Refrigeration Components Value ($Million) 2016-2023
24 Indonesia Chiller Market by Volume (‘000 Units) 2016-2023
25 Indonesia Chiller Market by Value ($Million) 2016-2023
26 Indonesia Chiller Components Value ($Million) 2016-2023
27 Indonesia Chiller Refrigeration Components Value ($Million) 2016-2023
28 Indonesia FCU & AHU Market by Volume (‘000 Units) 2016-2023
29 Indonesia FCU & AHU Market by Value ($Million) 2016-2023
30 Malaysia Taxes for Energy Efficient Products
31 Malaysia Energy Efficiency Policies & Targets
32 Malaysia Window & Portable Components Value ($Million) 2016-2023
33 Malaysia Window & Portable Refrigeration Components Value ($Million) 2016-2023, By Type
34 Malaysia Split Air Conditioners by volume (‘000 Units) 2016-2023
35 Malaysia Split Air Conditioners by value ($ Million) 2016-2023
36 Malaysia Split Components Value ($Million), 2016-2023
37 Malaysia Split Air Conditioners Refrigeration Components Value ($Million), 2016-2023
38 Malaysia Single Packaged Components Value ($Million) 2016-2023
39 Malaysia Split Air Conditioners Refrigeration Components Value ($Million) 2016-2023
40 Malaysia Chiller Market by Volume (‘000 Units) 2016-2023
41 Malaysia Chiller Market by Value ($Million) 2016-2023
42 Malaysia Chiller Components Value ($Million) 2016-2023
43 Malaysia Chiller Refrigeration Components Value ($Million) 2016-2023
44 Malaysia FCU & AHU Market by Volume (‘000 Units) 2016-2023
45 Malaysia FCU & AHU Market by Value ($Million) 2016-2023
46 Vietnam Energy Policies & Targets
47 Vietnam Window & Portable Components Value ($Million) 2016-2023
48 Vietnam Window & Portable Refrigeration Components Value ($Million) 2016-2023, By Type
49 Vietnam Split Air Conditioners Market Volume (‘000 Units) 2016-2023
50 Vietnam Split Air Conditioners by value ($ Million) 2016-2023
51 Vietnam Split Components Value ($Million), 2016-2023
52 Vietnam Split Air Conditioners Refrigeration Components Value ($Million), 2016-2023
53 Vietnam Single Packaged Components Value ($Million) 2016-2023
54 Vietnam Split Air Conditioners Refrigeration Components Value ($Million) 2016-2023
55 Vietnam Chiller Market by Volume (‘000 Units) 2016-2023
56 Vietnam Chiller Market by Value ($Million) 2016-2023
57 Vietnam Chiller Components Value ($Million) 2016-2023
58 Vietnam Chiller Refrigeration Components Value ($Million) 2016-2023
59 Vietnam FCU & AHU Market by Volume (‘000 Units) 2016-2023
60 Vietnam FCU & AHU Market by Value ($Million) 2016-2023
61 Thailand National energy Efficiency Targets & Policies
62 Thailand Window & Portable Components Value ($Million) 2016-2023
63 Thailand Window & Portable Refrigeration Components Value ($Million) 2016-2023, By Type
64 Thailand Split Air Conditioners by volume (‘000 Units) 2016-2023
65 Thailand Split Air Conditioners by value ($Million) 2016-2023
66 Thailand Split Components Value ($Million), 2016-2023
67 Thailand Split Air Conditioners Refrigeration Components Value ($Million), 2016-2023
68 Thailand Single Packaged Components Value ($Million) 2016-2023
69 Thailand Split Air Conditioners Refrigeration Components Value ($Million) 2016-2023
70 Thailand Chiller Market by Volume (‘000 Units) 2016-2023
71 Thailand Chiller Market by Value ($Million) 2016-2023
72 Thailand Chiller Components Value ($Million) 2016-2023
73 Thailand Chiller Refrigeration Components Value ($Million) 2016-2023
74 Thailand FCU & AHU Market by Volume (‘000 Units) 2016-2023
75 Thailand FCU & AHU Market by Value ($Million) 2016-2023
76 Daikin Industries Ltd. Company Overview
77 Gree Electric Appliances Inc. Company Overview
78 Johnson Controls. Company Overview
79 L.G. Corporation Company Overview
80 Mitsubishi Electric Company Overview
81 Panasonic Corporation Company Overview
82 Samsung Electronics Co. Ltd. Company Overview
83 Trane Company Overview
84 Carrier Company Overview
85 Midea Group Company Overview
List of Figures
1 Urban Population Growth (2006-2016)
2 SEA HVACR Market Volume, by Product Type 2016-2023 (000’Units)
3 SEA HVACR Market Value, by Product Type 2016-2023 ($Million)
4 SEA HVACR Market Value by Geography 2016-2023 ($Million)
5 Market Segmentation
6 Bottom Up Approach (Segmental Analysis)
7 Southeast Asia HVACR Market
8 Top Down Approach (Segmental Analysis)
9 Southeast Asia HVACR Market
10 Market Dynamics
11 Impact of Porters Five Forces for HVACR Market
12 Industry Analysis Snapshot
13 Value Chain of HVACR Market
14 SEA HVACR Market: Distribution Channel Analysis
15 HVACR Product Types
16 SEA HVACR Market (‘000 Units)
17 SEA HVACR Market ($Million)
18 Components of Split AC
19 Outdoor Unit
20 Indoor Unit
21 Packaged Air Conditioners with Air Cooled Condenser
22 Types of Absorption Chiller
23 HVACR Components
24 HVACR Product Refrigeration Cycle
25 HVACR Components Value ($Billion)
26 Indonesia Window & Portable Volume (‘000 Units)
27 Indonesia Window & Portable Value ($Million)
28 Indonesia Single Packaged Air Conditioners Volume (‘000 Units) 2016-2023
29 Indonesia Single Packaged Air Conditioners Value ($Million) 2016-2023
30 Malaysia Window & Portable Volume (‘000 Units)
31 Malaysia Window & Portable Value ($Million)
32 Malaysia Single Packaged Air Conditioners Volume (‘000 Units) 2016-2023
33 Malaysia Single Packaged Air Conditioners Value ($Million) 2016-2023
34 Vietnam Window & Portable Volume (‘000 Units)
35 Vietnam Window & Portable Value ($Million)
36 Vietnam Single Packaged Air Conditioners Volume (‘000 Units) 2016-2023
37 Vietnam Single Packaged Air Conditioners Value ($Million) 2016-2023
38 Thailand Window & Portable Volume (‘000 Units)
39 Thailand Window & Portable Value ($Million)
40 Thailand Single Packaged Air Conditioners Volume (‘000 Units) 2016-2023
41 Thailand Single Packaged Air Conditioners Value ($Million) 2016-2023
42 Daikin Overall Financials (2014-2016)
43 Daikin Financials by Region (2014-2016)
44 Daikin Financials by Business Segment (2014-2016)
45 SWOT Analysis
46 Gree Electric Appliances Inc Overall Financials (2014-2016)
47 Gree Electric Appliances Inc Financials by Region (2014-2016)
48 Gree Electric Appliances Inc Financials by Business Segment (2014-2016)
49 SWOT Analysis
50 Johnson Controls Overall Financials (2014-2016)
51 Johnson Controls Financials by Region (2014-2016)
52 Johnson Controls Financials by Business Segment (2014-2016)
53 SWOT Analysis
54 L.G. Corporation Overall Financials (2014-2016)
55 L.G. Corporation Financials by Region (2014-2016)
56 L.G. Corporation Financials by Business Segment (2014-2016)
57 SWOT Analysis
58 Mitsubishi Electric Overall Financials (2014-2016)
59 Mitsubishi Electric Financials by Region (2014-2016)
60 Mitsubishi Electric Financials by Business Segment (2014-2016)
61 SWOT Analysis
62 Panasonic Corporation Overall Financials (2014-2016)
63 Panasonic Corporation Financials by Region (2014-2016)
64 Panasonic Corporation Financials by Business Segment (2014-2016)
65 SWOT Analysis
66 Samsung Electronics Co. Ltd. Overall Financials (2014-2016)
67 Samsung Electronics Co. Ltd. Financials by Region (2014-2016)
68 Samsung Electronics Co. Ltd. Financials by Business Segment (2014-2016)
69 SWOT Analysis
70 SWOT Analysis
71 SWOT Analysis
72 Midea Group Overall Financials (2014-2016)
73 Midea Group Financials by Region (2014-2016)
74 Midea Group Financials by Business Segment (2014-2016)
75 SWOT Analysis
Companies Mentioned
• Daikin Industries ltd.
• Gree Electric Appliances inc.
• Johnson Controls
• LG Corporation
• Mitsubishi Electric
• Panasonic Corporation
• Samsung Electronics
• United Technologies Corporation
• Trane
https://www.prnewswire.com/news-releases/southeast-asia-heating-ventilation-air-conditioning-and-refrigeration-hvacr-market—analysis-and-forecast-2017-2023-focus-on-indonesia-malaysia-thailand–vietnam-300539371.html
