The rising incorporation of HVAC systems in a plenty of end-use applications such as building sector across Australia and New Zealand has affected the industry dynamics in both the countries. During the transition from orthodox industrial practices to the new manufacturing processes, it was realized that industries lacked the innovation to control temperatures during extreme climate change. This paved the way for the widespread adoption of HVAC systems in application areas such as residential, commercial, and industrial, among others. HVAC systems have evolved as an integral part of various residential and commercial sectors such as food and hospitality, and large institutional buildings, among others.
Read Report Overview: Australia and New Zealand HVAC Market
HVAC is a mechanical system which provides comfort and improves the air quality of a confined space. The HVAC system controls the air temperature and humidity, provides fresh air intake and maintains the air quality across residential, commercial and industrial spaces. Heating equipment in an HVAC system is an important part which is used to set a temperature to render pleasant environment to the occupants. Ventilation process removes the unpleasant smell and excessive moisture from the air in an indoor space and provides an inlet to fresh air. Cooling systems on the other hand are used to lower the temperature, for proper distribution of air and for the control of humidification in a space. The HVAC has penetrated the commercial and industrial sectors to a greater degree and constantly rising populations in both the countries has resulted in a rise in demand for air conditioning equipment from residentials as well.
Australia to Witness High Growth in the ANZ HVAC Industry
HVAC industry is one of the major contributors for the Australian economy. Industries such as agriculture, telecommunications and health sectors are the largest end users of HVAC systems. The air conditioning solutions have also penetrated across residential sector in the country owing to a rising demand for products such as window and portable air conditioners. The consumers in Australia are fairly price conscious which had restrained the market initially. However, the manufacturers had immediately devised a strategy of renting HVAC services which has contributed in exposing the overall HVAC systems to all the end-user segments such as residential, commercial and industrial.
New Zealand Actively Utilizing the HVAC Systems
In New Zealand, increasing commercial construction projects, entry of key players and strong educational and residential sector growth are some of the factors supporting the growth of HVAC industry in the country. The country is well-equipped with modern technologies and the demand for consumer electronics, increase in manufacturing of HVAC equipment and numerous other factors are also supporting the growth in the HVAC industry.
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Competitive Landscape
The competitive landscape for the ANZ HVAC market demonstrates an inclination toward companies adopting strategies such as mergers and acquisitions, business expansion and contracts, partnerships, collaborations and joint ventures and product launches. The major established players in the market are focusing on product launches and development to increase the customer base and enhance their business and regional products segment, whereas the relatively less adoptive strategies comprise partnerships, collaborations and joint ventures. Daikin Industries, LG Australia, Fujitsu General Australia Carrier Transicold Australia, Temperzone Ltd., ActronAir, Panasonic, Samsung, Toshiba and Hitachi among others are some of the prominent players in the ANZ HVAC market.