Energy Efficient HVAC Systems Will Surpass $33 Billion in Annual Revenue by 2020, Forecasts Navigant Research

  Energy Efficient HVAC Systems Will Surpass $33 Billion in Annual Revenue by
  2020, Forecasts Navigant Research

Business Wire

BOULDER, Colo. -- June 11, 2013

Energy consumption by heating, ventilation, and air conditioning (HVAC)
systems accounts for roughly 40 percent of total building energy consumption,
and in turn, buildings account for 35 percent to 40 percent of total worldwide
energy consumption. Thus, HVAC energy consumption in commercial buildings is a
key contributor to total global energy consumption. Driven by tightening
energy efficiency regulations and by demand for higher-efficiency buildings,
the technology for efficient HVAC systems is advancing. According to a new
report from Navigant Research, annual revenue from energy efficient HVAC
systems will grow from $17.2 billion in 2013 to $33.2 billion by 2020.

“In the wake of the global recession of 2009, developed markets for efficient
HVAC – especially in North America and Europe – remain sluggish,” says Bob
Gohn, senior research director with Navigant Research. “However, the North
American market will revive during 2013 and begin to experience more
substantial growth during 2014. Europe will follow a similar trend, but
recovery will likely not occur until mid to late 2014. The strongest region
for energy efficient HVAC expansion, however, will be Asia Pacific, which will
account for 55 percent of the world market by 2020.”

The global HVAC market, according to the report, is led by large suppliers,
such as UTC (Carrier), Hitachi, Ingersoll-Rand (Trane), Daikin, and LG
Electronics, many of which also produce various other products, technologies,
and services. HVAC-only manufacturers are largely limited to smaller and
midsize brands such as Lennox and Uponor. Some larger suppliers, such as
Johnson Controls, also provide integrated engineering and operations/
maintenance services, overlapping in part with services more traditionally
provided by energy service companies.

The report, “Energy Efficient HVAC Systems”, analyzes the global market
opportunity for energy efficient commercial HVAC systems, including unitary
systems, heat pumps, furnaces and boilers, ductless cooling, engineered
cooling systems, radiant heating and cooling, and ventilation systems. The
report provides a comprehensive assessment of the demand drivers, business
models, policy and regulatory factors, and technology issues associated with
the global market for these systems. Key industry players are profiled in
depth, and worldwide revenue forecasts, segmented by application, region, and
key major countries, extend through 2020. An Executive Summary of the report
is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market
research and benchmarking services for rapidly changing and often highly
regulated industries. In the energy sector, Navigant Research focuses on
in-depth analysis and reporting about global clean technology markets. The
team’s research methodology combines supply-side industry analysis, end-user
primary research and demand assessment, and deep examination of technology
trends to provide a comprehensive view of the Smart Energy, Smart Utilities,
Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Navigant Research can be found at

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at

* The information contained in this press release concerning the report,
“Energy Efficient HVAC Systems,” is a summary and reflects Navigant Research’s
current expectations based on market data and trend analysis. Market
predictions and expectations are inherently uncertain and actual results may
differ materially from those contained in this press release or the report.
Please refer to the full report for a complete understanding of the
assumptions underlying the report’s conclusions and the methodologies used to
create the report. Neither Navigant Research nor Navigant undertakes any
obligation to update any of the information contained in this press release or
the report.


Navigant Research
Richard Martin, +1-303-493-5483
Laverne Murach, +1-202-481-7336
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