High Growth Reported for the World HVAC Equipment Market

Market Wire, June, 2008

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World HVAC Equipment Market

http://www.reportlinker.com/p090370/World-HVAC-Equipment-Market.html

HVAC equipment demand worldwide to increase 5% annually through 2010

World demand for HVAC equipment is projected to rise over five percent per year through 2010, with developing nations expected to register the strongest market gains. Demand in the Asia/Pacific region, in particular China, will continue to benefit from above-average urban population growth and healthy gains in the number of households. Above-average growth will occur in the Africa/Mideast region due to solid gains in the number of households and rising per capita incomes. Eastern Europe will also post strong gains, reflecting rising standards of living in the region.

Advances in the developed regions will be fueled by generally favorable economic conditions and higher income levels, leading to a step-up in building construction activity. Gains in Western Europe will also result from increased consumer exposure to World HVAC demand will exceed $70 billion in 2012

World demand for HVAC equipment is projected to rise more than five percent per year through 2012, exceeding $70 billion. Demand in the Asia/Pacific region will outpace the global average, rising more than six percent annually through 2012.

The US, China and Japan are the largest producers of HVAC equipment. China has grown into a leading supplier of HVAC equipment, due to its inexpensive labor pool, which has made pricing of Chinese goods especially competitive. China has become a major producer in the room air conditioner segment, exporting products to the US, Western Europe and throughout Asia.

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