1Q 2019

Residential Heating and Cooling Innovations

Space Heating and Cooling Systems for Residential Structures: Global Market Analysis and Forecasts

The residential HVAC business is a mature market segment unaccustomed to much change. However, growing pressures will shape the market in new ways in coming years. Those pressures, or drivers, come from several sources including regulators and standards bodies that set building codes and performance criteria for heating and cooling systems installed in homes. There is steady market movement toward greater energy efficiency.

Global manufacturers are competing for market share and developing advanced systems to differentiate their products from their rivals. Consumers who have a growing awareness about advanced technologies in HVAC systems and a willingness to explore their options for more efficiently heating and cooling their homes have power in this evolving market. Customers are motivated by the basic desire to live comfortably and affordably. HVAC vendors are aware of this and are innovating a variety of options to answer consumer demand.

This Guidehouse Insights report analyzes the global market for residential HVAC systems, with a focus on innovations in the equipment, like ductless heat pumps and the efficiency of mini-split systems. The study provides regional overviews of the forces influencing the residential HVAC market in different global regions such as Europe, Asia Pacific, Latin America, and the Middle East & Africa. Global market forecasts for revenue and unit shipments extend through 2028. The report also analyzes product alternatives such as geothermal systems and micro combined heat and power.

Pages 35
Tables | Charts | Figures 32
  • What are the key technology trends shaping the residential HVAC market?
  • What are the key drivers and barriers for the residential HVAC market?
  • What is the revenue forecast for shipments of residential HVAC systems?
  • What is the regional breakdown of revenue growth in the residential HVAC market?
  • What approach should stakeholders take to exploit the opportunities in the residential HVAC market?
  • HVAC hardware vendors
  • Manufacturers of HVAC equipment
  • Utilities, both electric and natural gas
  • Technology firms
  • Residential home builders
  • Standards development organizations
  • Investor community

1. Executive Summary

1.1   Introduction

1.2   Forecast Highlights

2. Market Trends

2.1   Introduction

2.2   Drivers

2.3   Inhibitors

2.4   Innovation

2.4.1   Heat Pumps

2.4.2   Heat Pumps in Europe

2.4.3   Geothermal

2.4.4   Micro Combined Heat and Power

2.5   Standards and Ratings

2.6   Utility Programs

2.7   Regional Trends

2.7.1   North America

2.7.2   Europe

2.7.3   Asia Pacific

2.7.4   Latin America

2.7.5   Middle East & Africa

3. Market Forecasts

3.1   Introduction

3.1.1   Methodology

3.1.2   Assumptions

3.2   Global Overview

3.2.1   North America

3.2.2   Europe

3.2.3   Asia Pacific

3.2.4   Latin America

3.2.5   Middle East & Africa

3.3   Conclusions and Recommendations

4. Acronym and Abbreviation List

5. Table of Contents

6. Table of Charts and Figures

7. Scope of Study, Sources and Methodology, Notes

  • HVAC Equipment Revenue by Region, World Markets: 2019-2028
  • HVAC Shipments by Type, World Markets: 2019-2028
  • HVAC Equipment Revenue by Type, World Markets: 2019-2028
  • HVAC Shipments by Type, North America: 2019-2028
  • HVAC Equipment Revenue by Type, North America: 2019-2028
  • HVAC Shipments by Type, Europe: 2019-2028
  • HVAC Equipment Revenue by Type, Europe: 2019-2028
  • HVAC Shipments by Type, Asia Pacific: 2019-2028
  • HVAC Equipment Revenue by Type, Asia Pacific: 2019-2028
  • HVAC Shipments by Type, Latin America: 2019-2028
  • HVAC Equipment Revenue by Type, Latin America: 2019-2028
  • HVAC Shipments by Type, Middle East & Africa: 2019-2028
  • HVAC Equipment Revenue by Type, Middle East & Africa: 2019-2028
  • Heat Pump in Cooling Mode
  • Typical Air-to-Water Heat Pump Design for Europe
  • Wall-Mounted Ductless HVAC Unit
  • Examples from Utility Pepco of Rebates for HVAC Equipment
  • Examples of Grant Values in Ireland from the Sustainable Energy Authority for Heat Pump Systems
  • HVAC Equipment Revenue by Type, World Markets: 2019-2028
  • HVAC Shipments by Type, World Markets: 2019-2028
  • HVAC Equipment Revenue by Region, World Markets: 2019-2028
  • HVAC Shipments by Type, North America: 2019-2028
  • HVAC Equipment Revenue by Type, North America: 2019-2028
  • HVAC Shipments by Type, Europe: 2019-2028
  • HVAC Equipment Revenue by Type, Europe: 2019-2028
  • HVAC Shipments by Type, Asia Pacific: 2019-2028
  • HVAC Equipment Revenue by Type, Asia Pacific: 2019-2028
  • HVAC Shipments by Type, Latin America: 2019-2028
  • HVAC Equipment Revenue by Type, Latin America: 2019-2028
  • HVAC Shipments by Type, Middle East & Africa: 2019-2028
  • HVAC Equipment Revenue by Type, Middle East & Africa: 2019-2028
  • Examples of SEER and HSPF Efficiency Standards for Heat Pumps and Central AC Units
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