Table of Content

1 EXECUTIVE SUMMARY 13

1.1 MARKET ATTRACTIVENESS ANALYSIS 14

1.1.1 GLOBAL EQUIPMENT FOR HVAC MARKET, BY EQUIPMENT 15

1.1.2 GLOBAL EQUIPMENT FOR HVAC MARKET, BY REGION 16


2 MARKET INTRODUCTION 17

2.1 DEFINITION 17

2.2 SCOPE OF THE STUDY 17

2.3 RESEARCH OBJECTIVE 17

2.4 MARKET STRUCTURE 18

2.5 KEY BUYING CRITERIA 18


3 RESEARCH METHODOLOGY 19

3.1 RESEARCH PROCESS 19

3.2 PRIMARY RESEARCH 20

3.3 SECONDARY RESEARCH 21

3.4 MARKET SIZE ESTIMATION 22

3.5 FORECAST MODEL 23

3.6 LIST OF ASSUMPTIONS 24


4 MARKET INSIGHTS 25


5 MARKET DYNAMICS 28

5.1 INTRODUCTION 28

5.2 DRIVERS 29

5.2.1 INCREASING NEED FOR FIRE SAFETY SOLUTIONS 29

5.2.2 STRINGENT GOVERNMENT REGULATIONS 29

5.3 RESTRAINTS 29

5.3.1 CASES OF PRODUCT FAILURE 29

5.4 OPPORTUNITIES 29

5.4.1 INCREASING DEMAND FROM EMERGING ECONOMIES 29

5.4.2 RAPID INDUSTRIALIZATION 30

5.5 IMPACT ANALYSIS OF COVID-19 30

5.5.1 IMPACT ON OVERALL ENERGY & POWER INDUSTRY 30

5.5.1.1 ECONOMIC IMPACT 30

5.5.2 IMPACT ON THE EQUIPMENT FOR HVAC MARKET 31

5.5.3 IMPACT ON THE SUPPLY CHAIN OF HVAC EQUIPMENT 31

5.5.3.1 PRICE VARIATION OF KEY RAW MATERIALS 31

5.5.3.2 PRODUCTION SHUTDOWN 31

5.5.3.3 CASH FLOW CONSTRAINTS 31

5.5.3.4 IMPACT ON IMPORT/EXPORT 31

5.5.4 IMPACT ON MARKET DEMAND OF EQUIPMENT FOR HVAC 31

5.5.4.1 IMPACT DUE TO LOCKDOWN 31

5.5.4.2 CONSUMER SENTIMENTS 32

5.5.4.3 IMPACT ON PRICING OF EQUIPMENT FOR HVAC 32


6 MARKET FACTOR ANALYSIS 33

6.1 SUPPLY CHAIN ANALYSIS 33

6.1.1 DESIGN & DEVELOPMENT 33

6.1.2 RAW MATERIAL & COMPONENT SUPPLY 34

6.1.3 MANUFACTURE & ASSEMBLY 34

6.1.4 SALES & DISTRIBUTION 34

6.1.5 END USE 34

6.2 PORTER’S FIVE FORCES MODEL 35

6.2.1 THREAT OF NEW ENTRANTS 35

6.2.2 BARGAINING POWER OF SUPPLIERS 36

6.2.3 THREAT OF SUBSTITUTES 36

6.2.4 BARGAINING POWER OF BUYERS 36

6.2.5 INTENSITY OF RIVALRY 36


7 GLOBAL EQUIPMENT FOR HVAC MARKET, BY EQUIPMENT 37

7.1 OVERVIEW 37

7.2 PRESSURE SWITCHES 38

7.3 PRESSURE TRANSDUCERS 38

7.4 CAPACITORS 38

7.5 CONTACTORS 39

7.6 TRANSFORMERS 39

7.7 FILTER DRIER 39

7.8 SIGHT GLASSES 39

7.9 REVERSING VALVES 39


8 GLOBAL EQUIPMENT FOR HVAC MARKET, BY REGION 40

8.1 OVERVIEW 40

8.2 NORTH AMERICA 42

8.2.1 US 43

8.2.2 CANADA 43

8.2.3 MEXICO 44

8.3 EUROPE 45

8.3.1 UK 46

8.3.2 GERMANY 46

8.3.3 FRANCE 47

8.3.4 ITALY 47

8.3.5 REST OF EUROPE 48

8.4 ASIA-PACIFIC 49

8.4.1 CHINA 50

8.4.2 INDIA 51

8.4.3 JAPAN 51

8.4.4 AUSTRALIA 52

8.4.5 REST OF ASIA-PACIFIC 53

8.5 MIDDLE EAST & AFRICA 54

8.5.1 SAUDI ARABIA 55

8.5.2 UAE 55

8.5.3 SOUTH AFRICA 56

8.5.4 REST OF MIDDLE EAST & AFRICA 57

8.6 SOUTH AMERICA 58

8.6.1 BRAZIL 59

8.6.2 ARGENTINA 59

8.6.3 REST OF SOUTH AMERICA 60


9 COMPETITIVE LANDSCAPE 61

9.1 COMPETITIVE OVERVIEW 61

9.2 COMPETITIVE BENCHMARKING 62

9.3 COMPETITOR DASHBOARD 64


10 COMPANY PROFILES 66

10.1 SENSATA TECHNOLOGIES 66

10.1.1 COMPANY OVERVIEW 66

10.1.2 FINANCIAL OVERVIEW 67

10.1.3 PRODUCTS OFFERED 67

10.1.4 KEY DEVELOPMENTS 68

10.1.5 SWOT ANALYSIS 69

10.1.6 KEY STRATEGIES 69

10.2 SAGINOMIYA SEISAKUSHO 70

10.2.1 COMPANY OVERVIEW 70

10.2.2 FINANCIAL OVERVIEW 70

10.2.3 PRODUCTS OFFEREDSAGINOMIYA SEISAKUSHO: PRODUCTS OFFERED 70

10.2.4 KEY DEVELOPMENTS 71

10.2.5 SWOT ANALYSIS 72

10.3 JIANGSU MATCH WELL ELECTRICAL PRODUCTS CO, LTD 73

10.3.1 COMPANY OVERVIEW 73

10.3.2 FINANCIAL OVERVIEW 73

10.3.3 PRODUCTS OFFERED 73

10.3.4 KEY DEVELOPMENTS 74

10.3.5 SWOT ANALYSIS 74

10.4 HONEYWELL INTERNATIONAL INC. 75

10.4.1 COMPANY OVERVIEW 75

10.4.2 PRODUCTS OFFERED 75

10.4.3 KEY DEVELOPMENTS 76

10.4.4 SWOT ANALYSIS 77

10.4.5 KEY STRATEGIES 77

10.5 ARROW ELECTRONICS INC. 78

10.5.1 COMPANY OVERVIEW 78

10.5.2 FFINANCIAL OVERVIEW 78

10.5.3 PRODUCTS OFFERED 79

10.5.4 KEY DEVELOPMENTS 79

10.5.5 SWOT ANALYSIS 80

10.6 BASLER ELECTRIC 81

10.6.1 COMPANY OVERVIEW 81

10.6.2 FINANCIAL OVERVIEW 81

10.6.3 PRODUCTS OFFERED 81

10.6.4 KEY DEVELOPMENTS 82

10.7 DIVERSITECH 83

10.7.1 COMPANY OVERVIEW 83

10.7.2 FINANCIAL OVERVIEW 83

10.7.3 PRODUCTS OFFERED 83

10.7.4 KEY DEVELOPMENTS 84

10.8 DONGAN ELECTRONIC MANUFACTURING COMPANY 85

10.8.1 COMPANY OVERVIEW 85

10.8.2 FINANCIAL OVERVIEW 85

10.8.3 PRODUCTS OFFERED 85

10.8.4 KEY DEVELOPMENTS 85

10.9 GENERAL ELECTRIC 86

10.9.1 COMPANY OVERVIEW 86

10.9.2 FINANCIAL OVERVIEW 87

10.9.3 PRODUCTS OFFERED 87

10.9.4 KEY DEVELOPMENTS 88

10.9.5 SWOT ANALYSIS 89

10.10 HARTLAND CONTROLS 90

10.10.1 COMPANY OVERVIEW 90

10.10.2 PRODUCTS OFFERED 90

10.10.3 KEY DEVELOPMENTS 91

10.11 LEFCO INDUSTRIAL CO LTD 92

10.11.1 COMPANY OVERVIEW 92

10.11.2 FINANCIAL OVERVIEW 92

10.11.3 LEFCO INDUSTRIAL CO LTD: PRODUCTS OFFERED 92

10.11.4 KEY DEVELOPMENTS 92

10.12 MOTORS & ARMATURES INC.. 93

10.12.1 COMPANY OVERVIEW 93

10.12.2 FFINANCIAL OVERVIEW 93

10.12.3 PRODUCTS OFFERED 93

10.12.4 KEY DEVELOPMENTS 94

10.13 NOARK ELECTRIC 95

10.13.1 COMPANY OVERVIEW 95

10.13.2 FINANCIAL OVERVIEW 95

10.13.3 PRODUCTS OFFERED 95

10.13.4 KEY DEVELOPMENTS 95

10.14 NUEVA GENERACTION MANUFACTURE 96

10.14.1 COMPANY OVERVIEW 96

10.14.2 FINANCIAL OVERVIEW 96

10.14.3 PRODUCTS OFFERED 96

10.14.4 KEY DEVELOPMENTS 96

10.15 PARKER HANNIFIN CORPORATION 97

10.15.1 COMPANY OVERVIEW 97

10.15.2 FINANCIAL OVERVIEW 97

10.15.3 PRODUCTS OFFERED 97

10.15.4 KEY DEVELOPMENTS 97

10.16 SEALED UNIT PARTS CO. INC.. 98

10.16.1 COMPANY OVERVIEW 98

10.16.2 FINANCIAL OVERVIEW 98

10.16.3 PRODUCTS OFFERED 98

10.16.4 KEY DEVELOPMENTS 100

10.16.5 SWOT ANALYSIS 101

10.17 AMERICAN ZETTLER 102

10.17.1 COMPANY OVERVIEW 102

10.17.2 FINANCIAL OVERVIEW 102

10.17.3 PRODUCTS OFFERED 102

10.17.4 KEY DEVELOPMENTS 102

10.18 DANFOSS 103

10.18.1 COMPANY OVERVIEW 103

10.18.2 FINANCIAL OVERVIEW 103

10.18.3 PRODUCTS OFFERED 104

10.18.4 KEY DEVELOPMENTS 104

10.19 EMERSON ELECTRIC 105

10.19.1 COMPANY OVERVIEW 105

10.19.2 FINANCIAL OVERVIEW 106

10.19.3 PRODUCTS OFFERED 106

10.19.4 KEY DEVELOPMENTS 107

10.20 MUELLER CO 108

10.20.1 COMPANY OVERVIEW 108

10.20.2 FINANCIAL OVERVIEW 108

10.20.3 PRODUCTS OFFERED 109

10.20.4 KEY DEVELOPMENTS 109

10.21 SANHUA HOLDINGS GROUP CO LTD 110

10.21.1 COMPANY OVERVIEW 110

10.21.2 FINANCIAL OVERVIEW 110

10.21.3 PRODUCTS OFFERED 110

10.21.4 KEY DEVELOPMENTS 110

10.22 EATON CORPORATION 111

10.22.1 COMPANY OVERVIEW 111

10.22.2 FINANCIAL OVERVIEW 111

10.22.3 PRODUCTS OFFERED 112

10.22.4 KEY DEVELOPMENTS 113

10.22.5 SWOT ANALYSIS 113



List of Figures

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 13

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL EQUIPMENT FOR HVAC MARKET 14

FIGURE 3 GLOBAL EQUIPMENT FOR HVAC MARKET ANALYSIS, BY EQUIPMENT 15

FIGURE 4 GLOBAL EQUIPMENT FOR HVAC MARKET ANALYSIS, BY REGION 16

FIGURE 5 GLOBAL EQUIPMENT FOR HVAC MARKET: STRUCTURE 18

FIGURE 6 KEY BUYING CRITERIA FOR GLOBAL EQUIPMENT FOR HVAC MARKET 18

FIGURE 7 RESEARCH PROCESS 19

FIGURE 8 TOP-DOWN & BOTTOM-UP APPROACHES 22

FIGURE 9 NORTH AMERICA: EQUIPMENT FOR HVAC MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 25

FIGURE 10 EUROPE: EQUIPMENT FOR HVAC MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 25

FIGURE 11 ASIA-PACIFIC: EQUIPMENT FOR HVAC MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 26

FIGURE 12 MIDDLE EAST & AFRICA: EQUIPMENT FOR HVAC MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 26

FIGURE 13 SOUTH AMERICA: EQUIPMENT FOR HVAC MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 27

FIGURE 14 DRO ANALYSIS: GLOBAL EQUIPMENT FOR HVAC MARKET 28

FIGURE 15 SUPPLY CHAIN ANALYSIS: GLOBAL SOLAR PANEL MARKET 33

FIGURE 16 PORTER’S FIVE FORCES ANALYSIS: GLOBAL SOLAR PANEL MARKET 35

FIGURE 17 GLOBAL EQUIPMENT FOR HVAC MARKET, BY EQUIPMENT, 2020(% SHARE) 37

FIGURE 18 GLOBAL EQUIPMENT FOR HVAC MARKET, BY EQUIPMENT, 2019 TO 2027 (USD MILLION) 37

FIGURE 19 GLOBAL EQUIPMENT FOR HVAC MARKET, BY REGION, 2020 (% SHARE) 40

FIGURE 20 GLOBAL EQUIPMENT FOR HVAC MARKET, BY REGION, 2019–2027 (USD MILLION) 41

FIGURE 21 BENCHMARKING OF MAJOR COMPETITORS 62

FIGURE 22 COMPETITOR DASHBOARD 64

FIGURE 23 SENSATA TECHNOLOGIES: FINANCIAL OVERVIEW SNAPSHOT 67

FIGURE 24 SENSATA TECHNOLOGIES: SWOT ANALYSIS 69

FIGURE 25 SAGINOMIYA SEISAKUSHO: SWOT ANALYSIS 72

FIGURE 26 JIANGSU MATCH WELL ELECTRICAL PRODUCTS LTD: SWOT ANALYSIS 74

FIGURE 27 HONEYWELL INTERNATIONAL INC.: SWOT ANALYSIS 77

FIGURE 28 ARROW ELECTRONICS INC.: FINANCIAL OVERVIEW SNAPSHOT 78

FIGURE 29 ARROW ELECTRONICS INC.: SWOT ANALYSIS 80

FIGURE 30 GENERAL ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT 87

FIGURE 31 GENERAL ELECTRIC: SWOT ANALYSIS 89

FIGURE 32 SEALED UNIT PARTS CO. INC.: SWOT ANALYSIS 101

FIGURE 33 DANFOSS: FINANCIAL OVERVIEW SNAPSHOT 103

FIGURE 34 EMERSON ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT 106

FIGURE 35 MUELLER CO: FINANCIAL OVERVIEW SNAPSHOT 108

FIGURE 36 EATON CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 111

FIGURE 37 SENSATA TECHNOLOGIES: SWOT ANALYSIS 113

List of Tables

LIST OF TABLES

TABLE 1 PRIMARY INTERVIEWS 20

TABLE 2 LIST OF ASSUMPTIONS 24

TABLE 3 GLOBAL EQUIPMENT FOR HVAC: MARKET ESTIMATES & FORECAST, BY EQUIPMENT, 2019–2027 (USD MILLION) 38

TABLE 4 GLOBAL EQUIPMENT FOR HVAC MARKET, BY REGION, 2019–2027 (USD MILLION) 41

TABLE 5 NORTH AMERICA: EQUIPMENT FOR HVAC MARKET, BY COUNTRY, 2019–2027 (USD MILLION) 42

TABLE 6 NORTH AMERICA: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 42

TABLE 7 US: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 43

TABLE 8 CANADA: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 43

TABLE 9 BRAZIL: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 44

TABLE 10 EUROPE: EQUIPMENT FOR HVAC MARKET, BY COUNTRY, 2019–2027 (USD MILLION) 45

TABLE 11 EUROPE: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 45

TABLE 12 UK: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 46

TABLE 13 GERMANY: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 46

TABLE 14 FRANCE: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 47

TABLE 15 ITALY: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 47

TABLE 16 REST OF EUROPE: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 48

TABLE 17 ASIA-PACIFIC: EQUIPMENT FOR HVAC MARKET, BY COUNTRY, 2019–2027 (USD MILLION) 49

TABLE 18 ASIA-PACIFIC: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 50

TABLE 19 CHINA: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 50

TABLE 20 INDIA: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 51

TABLE 21 JAPAN: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 51

TABLE 22 AUSTRALIA: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 52

TABLE 23 REST OF ASIA-PACIFIC: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 53

TABLE 24 MIDDLE EAST & AFRICA: EQUIPMENT FOR HVAC MARKET, BY COUNTRY, 2019–2027 (USD MILLION) 54

TABLE 25 MIDDLE EAST & AFRICA: EQUIPMENT FOR HVAC MARKET, BY COUNTRY, 2019–2027 (USD MILLION) 54

TABLE 26 SAUDI ARABIA: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 55

TABLE 27 UAE: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 55

TABLE 28 SOUTH AFRICA: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 56

TABLE 29 REST OF MIDDLE EAST & AFRICA: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027

(USD MILLION) 57

TABLE 30 SOUTH AMERICA: EQUIPMENT FOR HVAC MARKET, BY COUNTRY, 2019–2027 (USD MILLION) 58

TABLE 31 SOUTH AMERICA: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 58

TABLE 32 BRAZIL: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 59

TABLE 33 ARGENTINA: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 59

TABLE 34 REST OF SOUTH AMERICA: EQUIPMENT FOR HVAC MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2027 (USD MILLION) 60

TABLE 35 SENSATA TECHNOLOGIES: PRODUCTS OFFERED 67

TABLE 36 SENSATA TECHNOLOGIES: KEY DEVELOPMENTS 68

TABLE 37 SAGINOMIYA SEISAKUSHO: KEY DEVELOPMENTS 71

TABLE 38 JIANGSU MATCH WELL ELECTRICAL PRODUCTS LTD: PRODUCTS OFFERED 73

TABLE 39 HONEYWELL INTERNATIONAL INC.: PRODUCTS OFFERED 75

TABLE 40 HONEYWELL INTERNATIONAL INC.: KEY DEVELOPMENTS 76

TABLE 41 ARROW ELECTRONICS INC.: PRODUCTS OFFERED 79

TABLE 42 ARROW ELECTRONICS INC.: KEY DEVELOPMENTS 79

TABLE 43 BASLER ELECTRIC: PRODUCTS OFFERED 81

TABLE 44 BASLER ELECTRIC: KEY DEVELOPMENTS 82

TABLE 45 DIVERSITECH: PRODUCTS OFFERED 83

TABLE 46 DIVERSITECH: KEY DEVELOPMENTS 84

TABLE 47 DONGAN ELECTRIC: PRODUCTS OFFERED 85

TABLE 48 GENERAL ELECTRIC: PRODUCTS OFFERED 87

TABLE 49 GENERAL ELECTRIC: KEY DEVELOPMENTS 88

TABLE 50 HARTLAND CONTROL: PRODUCTS OFFERED 90

TABLE 51 HARTLAND CONTROL: KEY DEVELOPMENTS 91

TABLE 52 MOTORS & ARMATURES INC.: PRODUCTS OFFERED 93

TABLE 53 MOTORS & ARMATURES INC.: KEY DEVELOPMENTS 94

TABLE 54 NOARK ELECTRIC: PRODUCTS OFFERED 95

TABLE 55 NUEVA GENERACION MANUFACTURE: PRODUCTS OFFERED 96

TABLE 56 NUEVA GENERACION MANUFACTURE: KEY DEVELOPMENTS 96

TABLE 57 PARKER HANNIFIN CORPORATION: PRODUCTS OFFERED 97

TABLE 58 PARKER HANNIFIN CORPORATION: KEY DEVELOPMENTS 97

TABLE 59 SEALED UNIT PARTS CO. INC..: PRODUCTS OFFERED 98

TABLE 60 SEALED UNIT PARTS CO. INC.: KEY DEVELOPMENTS 100

TABLE 61 AMERICAN ZETTLER: PRODUCTS OFFERED 102

TABLE 62 AMERICAN ZETTLER: KEY DEVELOPMENTS 102

TABLE 63 DANFOSS: PRODUCTS OFFERED 104

TABLE 64 DANFOSS: KEY DEVELOPMENTS 104

TABLE 65 EMERSON ELECTRIC: PRODUCTS OFFERED 106

TABLE 66 EMERSON ELECTRIC: KEY DEVELOPMENTS 107

TABLE 67 MUELLER CO: PRODUCTS OFFERED 109

TABLE 68 MUELLER CO: KEY DEVELOPMENTS 109

TABLE 69 SANHUA HOLDINGS GROUP CO LTD: PRODUCTS OFFERED 110

TABLE 70 EATON CORPORATION: PRODUCTS OFFERED 112

TABLE 71 EATON CORPORATION: KEY DEVELOPMENTS 113