Energy-Efficient HVAC Systems for Commercial Buildings

Unitary Systems, Heat Pumps, Furnaces, Boilers, VRF Systems, Chillers,
and Geothermal Heat Pumps for Energy-Efficient Buildings

Heating, ventilation, and air conditioning (HVAC) equipment consumes a substantial portion of energy in commercial buildings—roughly 40% of total building energy consumption depending on climate and other factors. Moreover, commercial buildings consume a significant proportion of the world’s energy supply, approximately 12% according to estimates from Oak Ridge National Laboratory. As concerns about the environmental impact of energy generation and uncertainty over future energy prices increase, efficiency improvements in HVAC equipment become more enticing.

Nearly 6 years into the recovery from the 2009 financial crisis, persistent weakness remains in the commercial HVAC market. However, improvements in the economy and an increased focus on efficiency are driving increases in the market for energy-efficient HVAC equipment. In the near term, growth will be buoyed by the continuing economic rebound, together with concurrent increases in new commercial building starts, including green and efficient buildings. Over the mid-term, however, increasingly stringent regulatory environments will also drive growth in energy-efficient commercial HVAC markets globally, especially in Europe and Asia Pacific but also in North America. According to Navigant Research, global revenue for energy-efficient commercial HVAC systems is expected to increase from $22.8 billion in 2015 to $47.5 billion in 2024.

This Navigant Research report analyzes the global market opportunity for energy-efficient commercial HVAC systems, including unitary systems, heat pumps, furnaces, boilers, variable refrigerant flow (VRF) systems, chillers, and geothermal heat pumps. The report provides a comprehensive assessment of the demand drivers, business models, and policy and regulatory factors. Global market forecasts for energy-efficient HVAC systems, segmented by region and technology, extend through 2024. The report also examines the major technologies related to these systems and profiles key industry players in depth.

Key Questions Addressed:
  • Which technologies lead in the global and regional energy-efficient commercial heating, ventilation, and air conditioning (HVAC) markets?
  • What are the market drivers and barriers for energy-efficient commercial HVAC systems?
  • How large will the market for energy-efficient commercial HVAC systems be through 2024?
  • Who are the key players in the global market for energy-efficient commercial HVAC systems?
  • Will variable refrigerant flow (VRF) systems become competitive in North America?
  • How quickly will new energy-efficient commercial HVAC technologies develop through 2024?
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

1.2  HVAC Technologies

1.3  Market Trends

1.4  Market Forecasts

2. Market Issues       

2.1  HVAC Value Chain

2.1.1  Equipment Manufacturers and Suppliers

2.1.2  Architecture and Engineering Service Providers

2.1.3  Contractors

2.1.4  Building Owners and End Users

   2.1.4.1  Public Institutions

   2.1.4.2  Private Institutions

   2.1.4.3  Commercial/Private Sector

2.1.5  Other Participants

   2.1.5.1  Energy Service Companies

   2.1.5.2  Financial Institutions

   2.1.5.3  Government

   2.1.5.4  Utilities

   2.1.5.5  Standards Organizations

2.1.6  Installations

   2.1.6.1  New Facilities

   2.1.6.2  Retrofits and Replacements

2.2  Market Drivers and Barriers

2.2.1  Efficient HVAC System Cost and Payback

2.2.2  Minimum Efficiency Standards

   2.2.2.1  United States

   2.2.2.2  Canada

   2.2.2.3  Mexico

   2.2.2.4  European Union

   2.2.2.5  China

   2.2.2.6  Japan

   2.2.2.7  South Korea

   2.2.2.8  Australia

   2.2.2.9  India

2.2.3  Building Construction and HVAC Replacement Cycles

2.2.4  Social Responsibility

2.2.5  GHG Reduction

   2.2.5.1  The United Nations

   2.2.5.2  EU

   2.2.5.3  United States

   2.2.5.4  Canada

   2.2.5.5  Japan

   2.2.5.6  China

   2.2.5.7  India

2.3  Regional Analysis

2.3.1  North America

2.3.2  Western Europe

2.3.3  Eastern Europe

2.3.4  Asia Pacific

   2.3.4.1  China

   2.3.4.2  Japan

   2.3.4.3  Other Factors

2.3.5  Middle East

3. Technology Issues

3.1  Definition of Energy-Efficient Commercial HVAC

3.1.1  Technologies Not Considered

3.2  Building Design, Integration, and Commissioning

3.3  Efficient Technologies

3.3.1  Electronically Commutated Motors

3.3.2  Variable Frequency Drives

3.3.3  Small, High-Speed Centrifugal Compressors

3.3.4  Variable Speed Compressors

3.3.5  Heat Exchangers

3.4  Specific Areas of Development

3.5  Refrigerant Phase-Out

3.5.1  Montreal Protocol

3.5.2  The Kyoto Protocol

3.5.3  Next-Generation Refrigerants

   3.5.3.1  R-32

   3.5.3.2  CO2

   3.5.3.3  HFO-1234yf

3.6  HVAC Systems

3.6.1  Unitary Systems

3.6.2  Heat Pumps

3.6.3  High-Efficiency Furnaces

3.6.4  High-Efficiency Boilers

3.6.5  Variable Refrigerant Flow Systems

3.6.6  Chillers

3.6.7  Geothermal Heat Pumps

3.7  Emerging Technologies

4. Key Industry Players   

4.1  Leading Global HVAC Equipment OEMs

4.1.1  Carrier Corp.

4.1.2  Daikin Industries

4.1.3  Johnson Controls, Inc. (York)

4.1.4  Lennox International

4.1.5  Trane

4.2  Other Significant HVAC OEMs

4.2.1  AAON, Inc.

4.2.2  Climaveneta

4.2.3  Fujitsu General

4.2.4  Gree Electronic Appliances Inc.

4.2.5  Midea Group

4.2.6  Mitsubishi Electric Corp.

4.3  Significant HVAC Systems Suppliers

4.3.1  Danfoss Group

4.3.2  Hitachi Group

4.3.3  LG Electronics

4.3.4  Samsung Electronics

4.3.5  Toshiba Corp.

4.3.6  Uponor Corp.

5. Market Forecasts  

5.1  Methodology

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

5.3.4  Boilers

5.3.5  VRF Systems

5.3.6  Chillers

5.3.7  GHPs

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

  • Energy-Efficient Commercial HVAC Systems Revenue by Region, World Markets: 2015-2024
  • Typical Payback Period for Energy-Efficient Commercial HVAC by Sector, World Markets: 2015
  • Percent of Total Commercial HVAC Market, New Construction vs. Replacement, United States: 2006-2015
  • Share of Energy Consumption by Segment, United States: 2014
  • Energy Consumption for Space Cooling and Heating of Commercial Buildings, United States: 2012-2023
  • Energy-Efficient Commercial HVAC Systems Revenue by Technology, World Markets: 2015-2024
  • Energy-Efficient Commercial Unitary Systems Revenue by Region, World Markets: 2015-2024
  • Energy-Efficient Commercial Heat Pump Revenue by Region, World Markets: 2015-2024
  • Energy-Efficient Commercial Furnace Revenue by Region, World Markets: 2015-2024
  • Energy-Efficient Commercial Boiler Revenue by Region, World Markets: 2015-2024
  • Energy-Efficient Commercial VRF Systems Revenue by Region, World Markets: 2015-2024
  • Energy-Efficient Commercial Chiller Revenue by Region, World Markets: 2015-2024
  • Energy-Efficient Commercial Geothermal Heat Pump Revenue by Region, World Markets: 2015-2024
  • Commercial HVAC Industry Market Structure

List of Tables

  • Typical Payback Period for Energy-Efficient Commercial HVAC by Sector, World Markets: 2015
  • Percent of Total Commercial HVAC Market, New Construction vs. Replacement, United States: 2006-2015
  • Share of Energy Consumption by Segment, United States: 2014
  • Energy Consumption for Space Cooling and Heating of Commercial Buildings, United States: 2012-2023
  • Share of Energy Consumption by Segment, Europe (EU-28): 2013
  • Energy-Efficient Commercial Unitary Systems Revenue by Region, World Markets: 2015-2024
  • Energy-Efficient Commercial Heat Pump Revenue by Region, World Markets: 2015-2024
  • Energy-Efficient Commercial Furnace Revenue by Region, World Markets: 2015-2024
  • Energy-Efficient Commercial Boiler Revenue by Region, World Markets: 2015-2024
  • Energy-Efficient Commercial VRF Systems Revenue by Region, World Markets: 2015-2024
  • Energy-Efficient Commercial Chiller Revenue by Region, World Markets: 2015-2024
  • Energy-Efficient Commercial Geothermal Heat Pump Revenue by Region, World Markets: 2015-2024
  • Energy-Efficient Commercial HVAC Systems Revenue by Technology, World Markets: 2015-2024
  • Energy-Efficient Commercial HVAC Systems Revenue by Technology, North America: 2015-2024
  • Energy-Efficient Commercial HVAC Systems Revenue by Technology, Western Europe: 2015-2024
  • Energy-Efficient Commercial HVAC Systems Revenue by Technology, Eastern Europe: 2015-2024
  • Energy-Efficient Commercial HVAC Systems Revenue by Technology, Asia Pacific: 2015-2024
  • Energy-Efficient Commercial HVAC Systems Revenue by Technology, Latin America: 2015-2024
  • Energy-Efficient Commercial HVAC Systems Revenue by Technology, Middle East & Africa: 2015-2024
  • Energy-Efficient Commercial HVAC Systems Revenue by Region, World Markets: 2015-2024
  • Common Energy Efficiency Categories, Ratios, and Standards
  • Carrier SWOT Analysis
  • Daikin SWOT Analysis
  • Johnson Controls SWOT Analysis
  • Lennox SWOT Analysis
  • Trane SWOT Analysis

Report Details

  • Pages: 83
  • Tables, Charts,
    Figures:
    40
  • Release Date: 3Q 2015

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