Executive Briefings

HVAC Systems Market to Achieve $340Bn in Sales By 2024

Global revenue from commercial energy-efficient HVAC systems is expected to total $340bn from 2015 to 2024, according to a report from Navigant Research.

"The current push toward energy efficiency and greenhouse gas reduction is opening the market for energy-efficient [heating, ventilation and air conditioning] systems, but system cost is still a major consideration before investment," says Benjamin Freas, senior research analyst with Navigant Research. "Most energy-efficient models are at least 15 percent to 20 percent more expensive than conventional systems, and while the return on investment for more efficient systems can be substantial, shorter payback periods are required to drive these upgrades."

Many large corporations, especially those with consumer-facing brands, have started using sustainability as a tool for reducing operating costs and building public image, according to the report. Retrofitting buildings within a corporate portfolio is often one of the most cost-effective ways to achieve both goals and includes making sure building systems, including HVAC, are energy efficient.

The report, Energy-Efficient HVAC Systems for Commercial Buildings, 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. An Executive Summary of the report is available for free download on the Navigant Research website.

Source: Navigant Research

"The current push toward energy efficiency and greenhouse gas reduction is opening the market for energy-efficient [heating, ventilation and air conditioning] systems, but system cost is still a major consideration before investment," says Benjamin Freas, senior research analyst with Navigant Research. "Most energy-efficient models are at least 15 percent to 20 percent more expensive than conventional systems, and while the return on investment for more efficient systems can be substantial, shorter payback periods are required to drive these upgrades."

Many large corporations, especially those with consumer-facing brands, have started using sustainability as a tool for reducing operating costs and building public image, according to the report. Retrofitting buildings within a corporate portfolio is often one of the most cost-effective ways to achieve both goals and includes making sure building systems, including HVAC, are energy efficient.

The report, Energy-Efficient HVAC Systems for Commercial Buildings, 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. An Executive Summary of the report is available for free download on the Navigant Research website.

Source: Navigant Research