HVAC Equipment Manufacturing Industry Overview
Excerpt from HVAC Equipment Manufacturing Report
Companies in this industry manufacture residential and commercial heating, ventilation, air-conditioning (HVAC), and air-purification equipment, as well as commercial refrigeration equipment. Major US-based companies include Lennox, Nortek, Trane, and the climate control divisions of Johnson Controls and United Technologies; other leading companies include Bosch Thermotechnik (Germany), Daikin Industries and Yazaki (both of Japan), Danfoss (Denmark), and Gree (China).
The ability to develop smart building applications that tie HVAC equipment with other building systems to increase energy efficiency will be a leading competitive differentiator. Companies must also focus on implementing a global strategy as HVAC demand growth shifts from established markets to emerging ones.
Products, Operations & Technology
Major product categories are air-conditioning and warm air heating equipment, and industrial and commercial refrigeration equipment (75% of industry revenue), industrial and commercial fans and blowers and air purification equipment (15%), and heating equipment (10%).