Energy Efficient HVAC Systems

Unitary Systems, Heat Pumps, Furnaces and Boilers, Ductless Cooling, Engineered Cooling Systems, Radiant Heating and Cooling, and Ventilation Systems for Energy Efficient Buildings

HVAC accounts for roughly 40% of commercial building energy consumption worldwide. As energy costs, pressure on energy resources, and restrictions on greenhouse gas emissions continue to increase, strong global, national, and local pressure is driving the market for higher-efficiency commercial building HVAC systems. Efficient commercial HVAC systems include technologies and product lines that exceed minimum efficiency standards and requirements for commercial and institutional buildings.

Deployments of specific efficient commercial building HVAC technologies vary considerably by region. Efficient forced air systems overwhelmingly dominate the North American market, but are much less common in Europe and Asia Pacific. Western Europe, where strong regulatory drivers strongly support energy efficient HVAC deployment, has made significant progress with respect to efficient ductless systems and efficient ventilation systems. However, due to a combination of continuing economic development and increasing interest in energy efficiency, Asia Pacific has emerged as the global leader in the deployment of efficient HVAC systems for commercial buildings. Navigant Research forecasts that worldwide revenue from energy efficient HVAC systems will reach $33.2 billion annually by 2020.

This Navigant Research report analyzes the global market opportunity for energy efficient commercial HVAC systems, including unitary systems, heat pumps, furnaces and boilers, ductless cooling, engineered cooling systems, radiant heating and cooling, and ventilation systems. The report provides a comprehensive assessment of the demand drivers, business models, policy and regulatory factors, and technology issues associated with the global market for these systems. Key industry players are profiled in depth, and worldwide revenue forecasts, segmented by application, region, and key countries, extend through 2020.

Key Questions Addressed:
  • Why are some end users (but not others) paying higher capital costs for efficient HVAC systems?
  • Which technologies lead global and regional efficient commercial HVAC markets?
  • What are the market drivers and barriers for energy efficient HVAC systems?
  • How large will the market for energy efficient HVAC systems be through 2020?
  • Who are the key players in the global market for energy efficient HVAC systems?
  • Will ductless systems become competitive in North America?
  • What is in the future for ducted systems outside of the Americas?
  • How quickly will new energy efficient HVAC technologies develop through 2020?
  • How will the recession of 2008 and its aftermath affect replacement markets in North America through 2020?
Who needs this report?
  • Commercial HVAC equipment manufacturers and suppliers
  • Energy service companies (ESCOs)
  • Architecture, engineering, and construction (AEC) service providers
  • Building owners and managers
  • Utilities
  • Government and institutional agencies
  • Investor community

Table of Contents

1. Executive Summary

1.1   Overview

1.1.1   HVAC Technologies

1.1.2   Market Trends

1.2   Market Forecasts

2. Market Issues

2.1   Market Structure

2.1.1   Key Participants

2.1.1.1  Equipment Manufacturers and Suppliers

2.1.1.2  Architecture, Engineering, and Construction Service Providers

2.1.1.3  Energy Service Companies

2.1.1.4  Financial Institutions

2.1.1.5  Government

2.1.1.6  Utilities

2.1.1.7  Standardization Organizations

2.1.2   Installations

2.1.2.1  New Facilities

2.1.2.2  Retrofits and Replacements

2.1.3   End Users

2.1.3.1  Public Institutions

2.1.3.2  Private Institutions

2.1.3.3  Commercial/Private Sector

2.2   Market Drivers and Barriers

2.2.1   Efficient HVAC System Cost and Payback

2.2.2   Energy Consumption and Conservation

2.2.3   Building Construction and HVAC Replacement Cycles

2.2.4   General Interest in Energy Efficiency

2.3   Regional Analysis

2.3.1   North America

2.3.2   Europe

2.3.3   Asia Pacific

2.3.3.1  China

2.3.3.2  Japan

2.3.3.3  Other Factors

3. Technology Issues

3.1   Definition of Energy Efficient Commercial HVAC

3.2   Building Design, Integration, and Commissioning

3.3   Technology Development

3.3.1   Specific Areas of Development

3.4   Technology Drivers

3.5   Efficient HVAC Technologies

3.5.1   Unitary Systems

3.5.2   Heat Pumps

3.5.3   Furnaces and Boilers

3.5.4   Ductless Cooling Systems

3.5.5   Large-Scale/Engineered Cooling Systems

3.5.6   Radiant Heating and Cooling

3.5.7   Ventilation Systems

3.6   Technologies Not Considered within This Report

4. Key Industry Players

4.1   Energy Efficient HVAC Market Share Leaders

4.1.1   AAON, Inc.

4.1.2   Carrier Corp.

4.1.3   Daikin Industries

4.1.4   Johnson Controls, Inc.

4.1.5   Lennox International

4.1.6   Midea Group

4.1.7   Mitsubishi Electric Corp.

4.1.8   Trane

4.2   Significant HVAC Systems Suppliers

4.2.1   Danfoss Group

4.2.2   Hitachi Group

4.2.3   LG Electronics

4.2.4   Samsung Electronics

4.2.5   Toshiba Corp.

4.2.6   Uponor Corp.

4.3   Other Industry Participants

5. Market Forecasts

5.1   Market Forecast Assumptions

5.2   Global Forecast by Region

5.3   Global Forecast by Technology

5.3.1   Unitary Systems

5.3.2   Heat Pumps

5.3.3   Furnaces and Boilers

5.3.4   Ductless Cooling Systems

5.3.5   Large-Scale/Engineered Cooling Systems

5.3.6   Radiant Heating and Cooling

5.3.7   Ventilation Systems

5.4   Conclusions and Recommendations

6. Company Directory
7. Acronym and Abbreviation List
8. Table of Contents
9. Table of Charts and Figures
10. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Typical Return on Investment for Energy Efficient Commercial HVAC by Sector, World Markets
  • Percent of Total Commercial HVAC Market, New Construction vs. Replacement, United States: 2006‑2014
  • Commercial Buildings Share of Energy Consumption, United States: 2012
  • Energy Consumption of Commercial Buildings, United States: 1980-2035
  • Commercial Buildings Share of Energy Consumption, Europe (EU-27): 2012
  • Commercial Buildings Total Energy Consumption, Europe (EU-27): 2001-2011
  • Energy Consumption of Office Buildings, China: 2005‑2020
  • Commercial Buildings Share of Energy Consumption, Japan: 2009
  • Energy Efficient HVAC Systems Revenue by Region, World Markets: 2013-2020
  • Energy Efficient HVAC Systems Revenue by Technology, World Markets: 2013-2020
  • Unitary Systems Revenue by Region, World Markets: 2013-2020
  • Heat Pumps Revenue by Region, World Markets: 2013‑2020
  • Furnaces and Boilers Revenue by Region, World Markets: 2013-2020
  • Ductless Cooling Systems Revenue by Region, World Markets: 2013-2020
  • Large-Scale/Engineered Cooling Systems Revenue by Region, World Markets: 2013-2020
  • Radiant Heating and Cooling Revenue by Region, World Markets: 2013-2020
  • Ventilation Systems Revenue by Region, World Markets: 2013-2020
  • Commercial HVAC Industry Market Structure
  • Commercial HVAC Industry Key Participants
  • Commercial HVAC Industry Installation Categories
  • Commercial HVAC Industry End Users
  • Montreal Protocol Refrigerant Requirements, Historic and Anticipated Future: 1996-2030

List of Tables

  • Common Energy Efficiency Categories, Ratios, and Standards
  • AAON SWOT Analysis
  • Carrier SWOT Analysis
  • Daikin SWOT Analysis
  • Johnson Controls SWOT Analysis
  • Lennox SWOT Analysis
  • Midea SWOT Analysis
  • Mitsubishi Electric SWOT Analysis
  • Trane SWOT Analysis
  • Other Industry Participants
  • Typical Return on Investment for Energy Efficient Commercial HVAC by Sector, World Markets
  • Percent of Total Commercial HVAC Market, New Construction vs. Replacement, United States: 2006‑2014
  • Commercial Buildings Share of Energy Consumption, United States: 2012
  • Energy Consumption of Commercial Buildings, United States: 1980-2035
  • Commercial Buildings Share of Energy Consumption, Europe (EU-27): 2012
  • Commercial Buildings Total Energy Consumption, Europe (EU-27): 2001-2011
  • Energy Consumption of Office Buildings, China: 2005-2020
  • Commercial Buildings Share of Energy Consumption, Japan: 2009
  • Unitary Systems Revenue by Region, World Markets: 2013-2020
  • Heat Pumps Revenue by Region, World Markets: 2013-2020
  • Furnaces and Boilers Revenue by Region, World Markets: 2013-2020
  • Ductless Cooling Systems Revenue by Region, World Markets: 2013-2020
  • Large-Scale/Engineered Cooling Systems Revenue by Region, World Markets: 2013-2020
  • Radiant Heating and Cooling Revenue by Region, World Markets: 2013-2020
  • Ventilation Systems Revenue by Region, World Markets: 2013-2020
  • Energy Efficient HVAC Systems Revenue by Technology, World Markets: 2013-2020
  • Energy Efficient HVAC Systems Revenue by Technology, North America: 2013-2020
  • Energy Efficient HVAC Systems Revenue by Technology, Western Europe: 2013-2020
  • Energy Efficient HVAC Systems Revenue by Technology, Eastern Europe: 2013-2020
  • Energy Efficient HVAC Systems Revenue by Technology, Asia Pacific: 2013-2020
  • Energy Efficient HVAC Systems Revenue by Technology, Latin America: 2013-2020
  • Energy Efficient HVAC Systems Revenue by Technology, Middle East & Africa: 2013-2020
  • Energy Efficient HVAC Systems Revenue by Region, World Markets: 2013-2020

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