Australia And New Zealand Heating, Ventilation and Air Conditioning (HVAC) Market- Forecast & Analysis, 2016 - 2022

 Published On: May, 2016 |    No of Pages: 133 |  Published By: BIS Research | Format: PDF
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The HVAC markets in Australia and New Zealand are influenced by several factors such as: weather patterns, trends in consumer spending, structural factors, rising level of market penetration rates, and growth of modern technology platforms among others. The increasing demand of air conditioners in residential applications and escalating commercial constructions in southern New Zealand are some of the major factors contributing to developing a strong base for the growth of HVAC market.

Government regulations and standards are sustaining the overall growth and development of the HVAC market. The consumers are directly benefited from these regulations as these devices save electrical energy and cuts down cost considerably. At present, government initiatives are focused towards launching new construction projects, supporting new installments and promoting HVAC equipments using renewable energy.

Rising population, revival of the housing market, growing commercial and industrial units are some of the key drivers pushing towards the growth of the Australia and New Zealand HVAC markets.

This study includes an overview and analysis of the HVAC market, by type of products mapped across Australia & New Zealand regions; allowing the researcher to develop a comprehensive outlook of the market. The HVAC market report presents a detailed analysis of the key market dynamics and 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 a comprehensive section of Porter’s Five Forces Model for in-depth analysis of the HVAC market and an assessment of the factors governing the same. The report builds itself upon a comprehensive value chain giving a clear understanding of ecosystem of HVAC market penetration.

To present an overview and a comprehensive outlook of the HVAC market in the region, the study has been segmented according to different types of HVAC products including window & portable air conditioners, split air conditioners, single packaged units, chillers and fan coil unit (FCU) & air handling unit (AHU).

The following key questions are answered in the “Australia & New Zealand HVAC Market, 2016-2022” report:
. What are the major types of HVAC products prevalent in Australia & New Zealand region?
. Who are the major players in Australia & New Zealand HVAC market and their respective company profiles?
. What are the key market developments and strategies of leading players in Australia & New Zealand HVAC market?
. What are major drivers, challenges and opportunities for Australia & New Zealand HVAC market?
. What is the market size (value and volume) of window and portable/moveable air conditioners in major countries across Australia & New Zealand?
. What is the market size (value and volume) of mini split systems in different countries across Australia & New Zealand?
. What is the market size (value and volume) of single packed systems in different countries across Australia & New Zealand?
. What is the market size (value and volume) of chillers in Australia & New Zealand HVAC market?
. What is the market size (value and volume) of both water–cooled and air-cooled AHU and FCU in different countries across Australia & New Zealand?

A clear understanding of the market dynamics, major drivers and the underlying threats and challenges that the HVAC market is subjected to, including the estimation of the industry’s growth in terms of production and revenue would be gained. The report includes the profiles of major players in the HVAC market that allows the readers to gain an insight into the various major industry trends.

Some of the leading companies in the Australia and New Zealand HVAC market are listed below:-
TABLE 1 SOME OF THE LEADING COMPANIES IN THE
AUSTRALIA & NEW ZEALAND HVAC MARKET
S.No. COMPANY NAME
1 DAIKIN INDUSTRIES LTD.
2 FUJITSU
3 JOHNSON CONTROLS
4 LG CORPORATION
5 MITSUBISHI ELECTRIC
6 PANASONIC CORPORATION
7 SAMSUNG ELECTRONICS
8 TOSHIBA
9 TRANE
10 UNITED TECHNOLOGIES
CORPORATION (CARRIER)
Executive Summary

The overall demand for HVAC products in the Australia and New Zealand region are estimated to remain high for various applications including commercial, residential, industrial, and institutional segments, among others. Various government initiatives, emerging green/smart building and growing consumer concerns are driving HVAC manufacturers, developers and system integrators to build and provide energy efficient and technologically advanced HVAC units for major commercial, residential, institutional and industrial applications, among others.

The Australia and New Zealand HVAC markets have been covered by both value and volume. The market by value is growing at a CAGR of 9.82% from 2016 to 2022, while the market by volume is growing at a CAGR of 7.33% from 2016 to 2022 in which Australia is a dominant player. The report has been further classified on the basis of different types of HVAC products including window & portable air conditioners, split air conditioners, single packaged units, chillers and fan coil unit (FCU) & air handling unit (AHU).

Source: BIS Research Analysis
The Australia HVAC product market by volume is witnessing a gradual emergence of new cost-effective and energy efficient technologies that meet the required standards and regulations, as well as attempts to fulfill growing customer concerns. Major products that have widespread usages across different end-use applications include window, portable and split units for residential purposes. Chillers are growing at a very high growth rate followed by VRFs.

The market for Australia HVAC is anticipated to grow at a CAGR of 6.99% from 2016 to 2022. However, the New Zealand HVAC market volume is expected to reach a volume of 271.40 thousand units by 2022. The demand for HVAC products in the Australia market is mainly driven by factors such as rising population, developments in the residential markets, and growing commercial and industrial units.

Source: BIS Research Analysis
The Australia HVAC market value is expected to reach approximately $3 billion by 2022 growing at a CAGR of 9% from 2016 to 2022. Many leading HVAC manufacturers, including global as well as regional players are increasing their product presence in the region by expanding distribution outlets in the region and launching products specifically designed for local population.

1 REPORT SCOPE 15
1.1 RESEARCH SCOPE 15
1.2 REPORT COVERAGE 17
1.2.1 MARKET SEGMENTATION, BY PRODUCT 17
2 BIS RESEARCH METHODOLOGY 18
2.1 RESEARCH METHODOLOGY 19
2.2 DATA TRIANGULATION 20
2.3 RESEARCH FINDINGS FROM PRIMARY AND SECONDARY RESEARCH 21
2.4 BOTTOM-UP APPROACH 22
2.5 TOP-DOWN APPROACH 23
2.6 REPORT DESCRIPTION 24
2.7 RESEARCH STUDY FLOW 26
2.8 ASSUMPTIONS AND LIMITATIONS OF THE RESEARCH STUDY 27
2.9 ASSUMPTIONS AND LIMITATIONS FOR MARKET ESTIMATION 28
2.1 FACTOR CONSIDERED FOR STUDY 29
2.10.1 MACRO FACTORS 29
2.10.2 MICRO FACTORS 32
3 EXECUTIVE SUMMARY 34
4 MARKET DYNAMICS 37
4.1 DRIVERS 39
4.2 OPPORTUNITIES 42
4.3 CHALLENGES 43
5 COMPETITIVE INSIGHTS 44
5.1 KEY MARKET DEVELOPMENTS & STRATEGIES 45
5.2 PORTERS FIVE FORCES ANALYSIS 47
5.3 AUSTRALIA & NEW ZEALAND HVAC MARKET: DISTRIBUTION CHANNEL ANALYSIS 58
6 AUSTRALIA HVAC MARKET BY PRODUCT 59
6.1 AUSTRALIA WINDOWS AND PORTBALE AIR CONDITIONERS MARKET 60
6.1.1 AUSTRALIA WINDOW & PORTABLE AC MARKET, BY VOLUME 60
6.1.2 AUSTRALIA WINDOW & PORTABLE AC MARKET, BY VALUE 61
6.2 AUSTRALIA MINI-SPLIT AIR CONDITIONERS MARKET 62
6.2.1 AUSTRALIA MINI-SPLIT AIR CONDITIONER MARKET, BY VOLUME 63
6.2.2 AUSTRALIA MINI-SPLIT AIR CONDITIONER MARKET, BY VALUE 64
6.2.3 AUSTRALIA MINI-SPLIT AIR CONDITIONER MARKET, BY TYPE 65
6.2.4 AUSTRALIA MINI-SPLIT DUCTLESS AIR CONDITIONER MARKET, BY CAPACITY 66
6.2.5 AUSTRALIA MINI-SPLIT DUCTED AIR CONDITIONER MARKET, BY CAPACITY 67
6.2.6 AUSTRALIA MINI-SPLIT DUCTLESS AIR CONDITIONER MARKET, BY TYPE 68
6.2.7 AUSTRALIA MINI-SPLIT DUCTED AIR CONDITIONER MARKET, BY TYPE 69
6.3 AUSTRALIA SINGLE PACKAGED AIR CONDITIONERS MARKET 70
6.3.1 AUSTRALIA SINGLE PACKAGED AIR CONDITIONER MARKET, BY VOLUME 70
6.3.2 AUSTRALIA SINGLE PACKAGED AIR CONDITIONER MARKET, BY VALUE 71
6.4 AUSTRALIA CHILLER MARKET 72
6.4.1 AUSTRALIA CHILLER MARKET, BY VOLUME 73
6.4.2 AUSTRALIA CHILLER MARKET, BY VALUE 74
6.4.3 AUSTRALIA CHILLER MARKET, BY TYPE 75
6.4.4 AUSTRALIA CHILLER MARKET, BY COOLING 76
6.4.5 AUSTRALIA CHILLER MARKET, BY CAPACITY 77
6.5 AUSTRALIA AIR HANDLING UNIT AND FAN COIL UNIT MARKET 78
6.5.1 AUSTRALIA FCU& AHU MARKET, BY VOLUME 78
6.5.2 AUSTRALIA FCU & AHU MARKET, BY VALUE 79
7 NEW ZEALAND HVAC MARKET BY PRODUCT 80
7.1 NEW ZEALAND WINDOWS AND PORTBALE AIR CONDITIONERS MARKET 81
7.1.1 NEW ZEALAND WINDOW & PORTABLE AC MARKET, BY VOLUME 81
7.1.2 NEW ZEALAND WINDOW & PORTABLE AC MARKET, BY VALUE 82
7.2 NEW ZEALAND MINI-SPLIT AIR CONDITIONERS MARKET 83
7.2.1 NEW ZEALAND MINI-SPLIT AIR CONDITIONER MARKET, BY VOLUME 84
7.2.2 NEW ZEALAND MINI-SPLIT AIR CONDITIONER MARKET, BY VALUE 85
7.2.3 NEW ZEALAND MINI-SPLIT AIR CONDITIONER MARKET, BY TYPE 86
7.2.4 NEW ZEALAND MINI-SPLIT DUCTLESS AIR CONDITIONER MARKET, BY CAPACITY 87
7.2.5 NEW ZEALAND MINI-SPLIT DUCTED AIR CONDITIONER MARKET, BY CAPACITY 88
7.2.6 NEW ZEALAND MINI-SPLIT DUCTLESS AIR CONDITIONER MARKET, BY TYPE 89
7.2.7 NEW ZEALAND MINI-SPLIT DUCTED AIR CONDITIONER MARKET, BY TYPE 90
7.3 NEW ZEALAND SINGLE PACKAGED AIR CONDITIONERS MARKET 91
7.3.1 NEW ZEALAND SINGLE PACKAGED AIR CONDITIONER MARKET, BY VOLUME 91
7.3.2 NEW ZEALAND SINGLE PACKAGED AIR CONDITIONER MARKET, BY VALUE 92
7.4 NEW ZEALAND CHILLER MARKET 93
7.4.1 NEW ZEALAND CHILLER MARKET, BY VOLUME 94
7.4.2 NEW ZEALAND CHILLER MARKET, BY VALUE 95
7.4.3 NEW ZEALAND CHILLER MARKET, BY TYPE 96
7.4.4 NEW ZEALAND CHILLER MARKET, BY COOLING 97
7.4.5 NEW ZEALAND CHILLER MARKET, BY CAPACITY 98
7.5 NEW ZEALAND AIR HANDLING UNIT AND FAN COIL UNIT MARKET 99
7.5.1 NEW ZEALAND FCU& AHU MARKET, BY VOLUME 99
7.5.2 NEW ZEALAND FCU & AHU MARKET, BY VALUE 100
8 COMPANY PROFILES 101
8.1 DAIKIN INDUSTRIES LTD. 102
8.2 FUJITSU 105
8.3 JOHNSON CONTROLS 107
8.4 LG CORPORATION 109
8.5 MITSUBISHI ELECTRIC 112
8.6 PANASONIC CORPORATION 115
8.7 SAMSUNG ELECTRONICS 118
8.8 TOSHIBA 121
8.9 TRANE 124
8.10 UNITED TECHNOLOGIES CORPORATION (CARRIER) 126
8.11 OTHER KEY PLAYERS 129
9 APPENDIX 130
9.1 RELATED REPORTS 131

LIST OF FIGURES
1 MARKET SEGMENTATION 16
2 MARKET SEGMENTATION, BY PRODUCT TYPE 17
3 RESEARCH METHODOLOGY 19
4 RESEARCH STUDY FLOW 21
5 YEAR CONSIDERATION 27
6 AUSTRALIA REAL GDP GROWTH RATE (%) 29
7 NEW ZEALAND REAL GDP GROWTH RATE (%) 29
8 AUSTRALIA & NEW ZEALAND HVAC MARKET, BY VOLUME (000’ UNITS) 35
9 AUSTRALIA & NEW ZEALAND HVAC MARKET, BY VALUE ($MILLION) 36
10 AUSTRALIA: WINDOW & PORTABLE AC MARKET BY VOLUME 36
11 PORTERS FIVE FORCES ANALYSIS 47
12 THREAT OF NEW ENTRANTS 48
13 BARGAINING POWER OF BUYERS 50
14 BARGAINING POWER OF SUPPLIERS 52
15 THREAT OF SUBSTITUTE 54
16 COMPETITIVE RIVALRY 56
17 AUSTRALIA & NEW ZEALAND: HVAC MARKET: DISTRIBUTION CHANNEL ANALYSIS 58
18 AUSTRALIA WINDOWS & PORTABLE AIR CONDITIONER MARKET VOLUME (000’UNITS) 60
19 AUSTRALIA WINDOWS & PORTABLE AIR CONDITIONER MARKET VALUE ($MILLION) 61
20 AUSTRALIA MINI-SPLIT AIR CONDITIONER MARKET 62
21 AUSTRALIA MINI-SPLIT AC MARKET VOLUME, BY TYPE (000’UNITS) 65
22 AUSTRALIA MINI-SPLIT AC MARKET VALUE, BY TYPE ($MILLION) 65
23 AUSTRALIA DUCTLESS MINI-SPLIT AC MARKET VALUE, BY CAPACITY ($MILLION) 66
24 AUSTRALIA MINI-SPLIT DUCTLESS AC MARKET VOLUME, BY CAPACITY (000’UNITS) 66
25 AUSTRALIA MINI-SPLIT DUCTED AC MARKET VALUE, BY CAPACITY ($MILLION) 67
26 AUSTRALIA MINI-SPLIT DUCTED AC MARKET VOLUME, BY CAPACITY (000’UNITS) 67
27 AUSTRALIA MINI-SPLIT DUCTLESS AC MARKET VOLUME, BY TYPE (000’UNITS) FOR CAPACITY <5KW 68
28 AUSTRALIA MINI-SPLIT DUCTLESS AC MARKET VALUE, BY TYPE ($MILLION) FOR CAPACITY <5KW 68
29 AUSTRALIA MINI-SPLIT DUCTLESS AC MARKET VOLUME, BY TYPE (000’UNITS) FOR CAPACITY >5KW 68
30 AUSTRALIA MINI-SPLIT DUCTLESS AC MARKET VALUE, BY TYPE ($MILLION) FOR CAPACITY >5KW 68
31 AUSTRALIA MINI-SPLIT DUCTED AC MARKET VOLUME, BY TYPE (000’UNITS) 69
32 AUSTRALIA MINI-SPLIT DUCTED AC MARKET VALUE, BY TYPE ($MILLION) 69
33 AUSTRALIA SINGLE PACKAGED MARKET: INRODUCTION 70
34 AUSTRALIA SINGLE PACKAGED AIR CONDITIONER MARKET VOLUME (000’ UNITS) 70
35 AUSTRALIA SINGLE PACKAGED AIR CONDITIONER MARKET VALUE ($MILLION) 71
36 AUSTRALIA CHILLER MARKET 72
37 AUSTRALIA CHILLER MARKET VOLUME, BY TYPE (000’ UNITS) 75
38 AUSTRALIA CHILLER MARKET VALUE, BY TYPE ($MILLION) 75
39 AUSTRALIA CHILLER MARKET VOLUME, BY COOLING (000’ UNITS) 76
40 AUSTRALIA CHILLER MARKET VALUE, BY COOLING ($MILLION) 76
41 AUSTRALIA CHILLER MARKET VOLUME, BY CAPACITY (000’ UNITS) 77
42 AUSTRALIA CHILLER MARKET VALUE, BY CAPACITY ($MILLION) 77
43 AUSTRALIA FCU & AHU MARKET VOLUME (000’ UNITS), 2016-2022 78
44 AUSTRALIA FCU & AHU MARKET VALUE ($MILLION), 2016-2022 79
45 NEW ZEALAND WINDOWS & PORTABLE AIR CONDITIONER MARKET VOLUME (000’UNITS) 81
46 NEW ZEALAND WINDOWS & PORTABLE AIR CONDITIONER MARKET VALUE ($MILLION) 82
47 NEW ZEALAND MINI-SPLIT AIR CONDITIONER MARKET 83
48 NEW ZEALAND MINI-SPLIT AC MARKET VOLUME, BY TYPE (000’UNITS) 86
49 NEW ZEALAND MINI-SPLIT AC MARKET VALUE, BY TYPE ($MILLION) 86
50 NEW ZEALAND DUCTLESS MINI-SPLIT AC MARKET VALUE, BY CAPACITY ($MILLION) 87
51 NEW ZEALAND MINI-SPLIT DUCTLESS AC MARKET VOLUME, BY CAPACITY (000’UNITS) 87
52 NEW ZEALAND MINI-SPLIT DUCTED AC MARKET VALUE, BY CAPACITY ($MILLION) 88
53 NEW ZEALAND MINI-SPLIT DUCTED AC MARKET VOLUME, BY CAPACITY (000’UNITS) 88
54 NEW ZEALAND MINI-SPLIT DUCTLESS AC MARKET VOLUME, BY TYPE (000’UNITS) FOR CAPACITY <5KW 89
55 NEW ZEALAND MINI-SPLIT DUCTLESS AC MARKET VALUE, BY TYPE ($MILLION) FOR CAPACITY <5KW 89
56 NEW ZEALAND MINI-SPLIT DUCTLESS AC MARKET VOLUME, BY TYPE (000’UNITS) FOR CAPACITY >5KW 89
57 NEW ZEALAND MINI-SPLIT DUCTLESS AC MARKET VALUE, BY TYPE ($MILLION) FOR CAPACITY >5KW 89
58 NEW ZEALAND MINI-SPLIT DUCTED AC MARKET VOLUME, BY TYPE (000’UNITS) 90
59 NEW ZEALAND MINI-SPLIT DUCTED AC MARKET VALUE, BY TYPE ($MILLION) 90
60 NEW ZEALAND SINGLE PACKAGED MARKET: INRODUCTION 91
61 NEW ZEALAND SINGLE PACKAGED AIR CONDITIONER MARKET VOLUME (000’ UNITS) 91
62 NEW ZEALAND SINGLE PACKAGED AIR CONDITIONER MARKET VALUE ($MILLION) 92
63 NEW ZEALAND CHILLER MARKET 93
64 NEW ZEALAND CHILLER MARKET VOLUME, BY TYPE (000’ UNITS) 96
65 NEW ZEALAND CHILLER MARKET VALUE, BY TYPE ($MILLION) 96
66 NEW ZEALAND CHILLER MARKET VOLUME, BY COOLING (000’ UNITS) 97
67 NEW ZEALAND CHILLER MARKET VALUE, BY COOLING ($MILLION) 97
68 NEW ZEALAND CHILLER MARKET VOLUME, BY CAPACITY (000’ UNITS) 98
69 NEW ZEALAND CHILLER MARKET VALUE, BY CAPACITY ($MILLION) 98
70 NEW ZEALAND FCU & AHU MARKET VOLUME (000’ UNITS), 2016-2022 99
71 NEW ZEALAND FCU & AHU MARKET VALUE ($MILLION), 2016-2022 100
72 DAIKIN INDUSTRIES LTD.: RECENT FINANCIALS 102
73 DAIKIN INDUSTRIES LTD.: FINANCIALS BY BUSINESS SEGMENTS 102
74 DAIKIN INDUSTRIES LTD.: FINANCIALS BY GEOGRAPHY, 2015 102
75 FUJITSU: RECENT FINANCIALS 105
76 FUJITSU: FINANCIALS BY BUSINESS SEGMENTS 105
77 FUJITSU: FINANCIALS BY GEOGRAPHY, 2015 105
78 JOHNSON CONTROLS: RECENT FINANCIALS 107
79 JOHNSON CONTROLS: FINANCIALS BY BUSINESS SEGMENT 107
80 JOHNSON CONTROLS: FINANCILAS BY GEOGRAPHY 107
81 LG CORPORATION: RECENT FINANCIALS 109
82 LG CORPORATION: FINANCIALS BY BUSINESS SEGMENTS 109
83 LG CORPORATION: FINANCIALS BY GEOGRAPHY 109
84 MITSUBISHI ELECTRIC: RECENT FINANCIALS 112
85 MITSUBISHI ELECTRIC: FINANCIALS BY BUSINESS SEGMENT 112
86 MITSUBISHI ELECTRIC: FINANCIALS BY GEOGRAPHY 112
87 PANASONIC: RECENT FINANCIALS 115
88 PANASONIC: FINANCIALS BY BUSINESS SEGMENTS 115
89 SAMSUNG ELECTRONICS: RECENT FINANCIALS 118
90 SAMSUNG ELECTRONICS: FINANCIALS BY BUSINESS SEGMENT 118
91 SAMSUNG ELECTRONICS: FINANCIALS BY GEOGRAPHY, 2015 118
92 TOSHIBA: RECENT FINANCIALS 121
93 TOSHIBA: FINANCIALS BY BUSINESS SEGMENT 121
94 TOSHIBA: FINANCIALS BY GEOGRAPHY, 2015 121
95 TRANE: RECENT FINANCIALS 124
96 TRANE: FINANCIALS BY BUSINESS SEGMENTS 124
97 TRANE: FINANCIALS BY GEOGRAPHY, 2015 124
98 UNITED TECHNOLOGIES CORPORATION (CARRIER): RECENT FINANCIALS 126
99 UNITED TECHNOLOGIES CORPORATION (CARRIER): FINANCIALS BY BUSINESS SEGMENTS 126
100 UNITED TECHNOLOGIES CORPORATION (CARRIER): FINANCIALS BY GEOGRAPHY, 2015 126

LIST OF TABLES
1 AUSTRALIA MINI-SPLIT AC MARKET VOLUME (000’UNITS) 63
2 AUSTRALIA MINI-SPLIT AC MARKET VALUE ($MILLION) 64
3 AUSTRALIA CHILLER MARKET VOLUME (000’ UNITS), 2016-2022 73
4 AUSTRALIA CHILLER MARKET VALUE ($MILLION), 2016-2022 74
5 AUSTRALIA FCU&AHU MARKET VOLUME (000’ UNITS), 2016-2022 78
6 AUSTRALIA FCU&AHU MARKET VALUE, ($MILLION), 2016-2022 79
7 NEW ZEALAND MINI-SPLIT AC MARKET VOLUME (000’UNITS) 84
8 NEW ZEALAND MINI-SPLIT AC MARKET VALUE ($MILLION) 85
9 NEW ZEALAND CHILLER MARKET VOLUME (000’ UNITS), 2016-2022 94
10 NEW ZEALAND CHILLER MARKET VALUE ($MILLION), 2016-2022 95
11 NEW ZEALAND FCU&AHU MARKET VOLUME (000’ UNITS), 2016-2022 99
12 NEW ZEALAND FCU&AHU MARKET VALUE, ($MILLION), 2016-2022 100


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