The Global HVAC Market Amber Liu Product Promotion Specialist
Global AC Market China AC Market Global AC Trends
Global AC Market 145 140 Global AC Unit Sales 2014 to 2020 (Millions of Units) 135 130 125 130,7 126,6 126,3 120 115 2014 2015 2016 2017 2018 2019 2020 Source: The Building Services Research and Information Association (BSRIA)
Global AC Market 120 100 99,1 Global AC Sales 2014 to 2020 (US$bn) 94,1 95,3 80 60 40 20 0 2014 2015 2016 2017 2018 2019 2020 Source: The Building Services Research and Information Association (BSRIA)
Global AC Market Global AC Sales 2015 by Regions (US$bn) 60,0 50,0 40,0 53,4 56,7% 60,0% 50,0% 40,0% 30,0 30,0% Values 20,0 21,5% 20,0% Share 10,0 20,2 10,9% 10,8% 10,0% 10,3 10,2 0,0 Total Asia Pacific Total Amercias Total ME, Inida,Africa Total Eruope 0,0% Source: The Building Services Research and Information Association (BSRIA)ll
Global AC Market AC Sales 2015 (US$bn) Top 12 Countries 35,0 30,0 25,0 20,0 15,0 10,0 5,0 30,3 8,1% -4,0% 14,7 12,0-7,3% -11,9% 3,8 26,7% 4,5% 0,0% -7,1% -7,1% -18,2% -41,4% -23,1% 2,3 1,9 1,7 1,3 1,3 1,1 1,0 0,9 40,0% 30,0% 20,0% 10,0% 0,0% -10,0% -20,0% -30,0% -40,0% 2015 YOY 0,0-50,0% Source: The Building Services Research and Information Association (BSRIA)
Global AC Market Hot and Cold spots Sweden Russia USA Mexico Hot spots > 10% Growth Warm spots > 5-10% Growth Cold spots < 0% Growth France Greece Spain Kuwait China Egypt K.S.A Iran Philippines Qatar Vietnam India Indonesia Brazil Japan Australia Source: The Building Services Research and Information Association (BSRIA)
Global AC Market Indoor Packaged 0% Chillers 8% Fan Coils 2% Product Category VRF Share 11% (9.7$bn) Rooftops 4% AHU 6% Chillers AHU & FCU 8% (7.7 $bn) 8% (7 $bn) VRF 11% Single Unducted Splits 55% Ducted Splits (Including US ducted) 11% (9.6 $bn) Rooftops 4% (3.6 $bn) Multi Split 3% Single Ducted Splits 11% Total CAC Around 40%, 38 $bn Source: The Building Services Research and Information Association (BSRIA)
Global AC Market Global VRF Unit Sales 2014 to 2020 2.000.000 1,760,645 1,890,229 1.500.000 1,321,745 1,357,178 1,456,006 1,550,034 1,644,670 1.000.000 Total Middle East India Africa Total Europe Total Asia Pacific Total Americas 500.000 0 2014 2015 2016 2017 2018 2019 2020 Source: The Building Services Research and Information Association (BSRIA)
Global AC Market Global VRF Unit Sales by Country 2015 900.000 800.000 805.098 700.000 600.000 500.000 400.000 300.000 200.000 127.000 100.000 68.750 31.765 26.720 25.865 18.793 17.600 15.271 14.507 13.996 12.520 11.800 11.490 11.078 0 Source: The Building Services Research and Information Association (BSRIA)
Global AC Market Global Chiller Sales 2014 to 2020 (US$m) Chiller Sales 2015 (US$m) Top 10 Countries Source: The Building Services Research and Information Association (BSRIA)
Global AC Market China Domination Production and Size Source: The Building Services Research and Information Association (BSRIA)
Global AC Market China AC Market Global AC Trends
China AC Market China AC Sales (US$bn) 40 35 34,4 30 30,3 28,4 27,7 28,2 28,8 29,7 25 20 15 10 5 0 2014 2015 2016 2017 2018 2019 2020 Source: The Building Services Research and Information Association (BSRIA)
China AC Market Single Ducted Splits 4% China AC Sales Breakdown by Product 2015 AHU 2% VRF 12% Chillers 8% Fan Coils 1% Single Unducted Splits 73% China HVAC No.1 in Global AC market No.1 for Chillers No.1 for VRF No.1 for FCU No.1 for Splits No.3 for AHU Source: The Building Services Research and Information Association (BSRIA)
China AC Market China VRF Unit Sales 2014 to 2020 1.400.000 1.200.000 1.000.000 800.000 784.142 805.098 870.250 930.963 988.443 1.065.343 1.153.116 600.000 400.000 200.000 0 2014 2015 2016 2017 2018 2019 2020 Source: The Building Services Research and Information Association (BSRIA)
China AC Market China VRF Sales 2014 to 2020 (US$bn) 5 4 3,9 3,7 3,8 3,9 4,2 4,4 4,7 3 2 1 0 2014 2015 2016 2017 2018 2019 2020 Source: The Building Services Research and Information Association (BSRIA)
China AC Market 300.000 250.000 200.000 China Chillers Unit Sales by Compressor Type 2014-2020 276.226 3.115 248.742 2.545 226.688 232.810 216.792 223.642 2.189 2.006 2.014 2.020 245.545 2.044 150.000 100.000 50.000 0 2014 2015 2016 2017 2018 2019 2020 Reciprocating Screw Scroll Centrifugal Absorption Source: The Building Services Research and Information Association (BSRIA)
China AC Market 3.000 China Chiller Sales by Compressor Type 2014 to 2020 (US$m) 2.500 412,2 2.000 1.500 760,9 673,6 328,6 616,3 279,3 257,0 254,4 254,4 591,7 588,7 602,3 622,1 257,0 1.000 500 1.626,5 1.407,0 1.272,6 1.208,3 1.223,6 1.263,2 1.318,4 0 2014 2015 2016 2017 2018 2019 2020 Reciprocating Screw Scroll Centrifugal Absorption Source: The Building Services Research and Information Association (BSRIA)
China AC Market 160 140 120 100 80 60 40 20 0 Sales Revenue 2015 (Billion RMB) - Top 3 Chinese HA Companies 138,44 97,75-2,28% 89,75-7,40% -29,04% Midea Gree Haier 2015 Sales Revenue (Billion RMB) Growth Rate Y14-Y15 20% 15% 10% 5% 0% -5% -10% -15% -20% -25% -30%
China AC Market 14,0 12,0 10,0 8,0 6,0 4,0 2,0 0,0 12,6 10,9 7,8 4,7 Midea Gree Daikin Hisense- Hitachi CAC Players Sales 2015 (Billion RMB) 4,0 3,3 3,2 JCI MQ Haier 1,4 1,3 1,1 0,6 MHI- Haier 0,5 0,5 ME Toshiba AUX MHI Samsung Total CAC Revenue 12,6 10,9 7,8 4,7 4,0 3,3 3,2 1,4 1,3 1,1 0,6 0,5 0,5 VRF Revenue 5,4 4,1 7,1 4,5 0,4 0,4 1,7 1,1 1,2 1,0 0,2 0,5 0,5 VRF Export 0,8 0,4 0,0 0,1 0,0 0,0 0,2 0,2 0,0 0,0 0,0 0,0 0,0 VRF in China 4,7 3,6 7,1 4,4 0,4 0,4 1,5 1,0 1,2 1,0 0,1 0,5 0,5 Midea CAC occupies market share(12.6/68)=18.5% Midea CAC VRF occupies market Share (5.45/29.9)=18.2% Midea CAC VRF export occupies market share (0.77/2.01)=38.3% Source: Beijing Zhi xindao Consulting Co.,Ltd.
China AC Market Midea CAC Position USD Above 1.2 billion Midea ranks No.1 in the Chinese HVAC industry 0.6 to 1.2 billion 0.5 to 0.6 billion 18.5% market share 0.3 to 0.5 billion 0.15 to 0.3 billion 0.08 to 0.15 billion Below 0.08 billion Note: Data shown indicate factory shipments
Global AC Market China AC Market Global AC Trends
Global AC Trends Market Drivers/Market Restraints Very certain VRF vs. Chillers Smart buildings smart homes AC products going into the cloud Market globalization and industry consolidation Energy efficiency and renewables Legislation US slowdown/uncertainty European economy slow to pick up Chinese slowdown Refrigerant R410A new R32+, R290? Critical
Global AC Trends What is Shaping the Global Market?
Global AC Trends Powerful Drivers for the HVAC Market Challenging environment for customers and suppliers
Global AC Trends Sustainability Life Cycle Costing Improved tools for comparing environmental impact Design for recovery/recycling/reuse Zero leak systems Reduced refrigerant charge Reduced waste Less/no packaging materials Maximizing the effectiveness of resource use while minimizing the impact of that use on the environment ASHRAE
Global AC Trends Many Opportunities in Retrofit
Global AC Trends VRF Rising 14 12 8% CAGR 12 10 8 8.4 6 4 2 0 Y2012 Y2013 Y2014 Y2015 Y2016 Y2017 Source: The Building Services Research and Information Association (BSRIA)
Global AC Trends Mass Customization Diverse global markets (differing customer requirements) More knowledgeable customers (internet) Improved flexible manufacturing technologies Reduced development cycles Reduced manufacturing cycles Customer expectations (speed)
Global AC Trends Refrigerant Evolution HCFC-22 phase-out Many new HVAC applications are using HFC-410A Customer expectations R32, R290 need regulations R1234yf? Different regulations in developed and developing countries
Global AC Trends Refrigerant Issue F-gas Regulation
Global AC Trends Modulated / Adjustable VRF has been widely used and is growing quickly Fan motors with more speeds to control airflow, such as DC fan motors Modulation technology prevents wide temperature swings and provides dehumidification control Frequent system on/off is prevented, improving efficiency Digital control, inverter control and VSD technology
Global AC Trends User Friendly Controls with Advancing Sensor Tech. More accurate More reliable Lower cost Smart, Wi-Fi-connected thermostats
Global AC Trends Intelligent and Self-diagnostic System Preventative and proactive Improved operating efficiency Interactive Trend forecasting
Global AC Trends Home Automation Evolution
Global AC Trends Technology Evolving market requirements drive technology changes
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