China HVAC Equipment Market : Trends, Forecast, and Opportunity Analysis 1

Industry Profiles Snapshot Major ParameterDescription Market Segments by Product Type Furnace, heat pump, central AC, room AC and others Market Segments by End Use Residential, office, retail, hospitality, education, healthcare and others Top Companies NameGree Electric Appliances, GD Midea, Haier Trend Growth Rate and CAGR6.5% Key Industry Forecast China’s HVAC equipment market is expected to reach an estimated $37.3 billion by 2022 and it is forecast to grow at a CAGR of 6.5% from 2017 to 2022 Key Industry Driver Driver: Higher rate of building construction and strict regulations regarding energy efficient buildings in China to make existing facilities energy efficient. 2

Industry Overview Market Size China’s HVAC equipment market is expected to reach an estimated $37.3 billion by 2022 and it is forecast to grow at a CAGR of 6.5% from 2017 to Emerging trends, which have a direct impact on the dynamics of the China hvac equipment industry, include the increasing use of green HVAC, and increasing use of air purification technology. Market Size (2022)$37.3 billion CAGR ( )6.5% 3 Industry Performance : Forecast