Japan HVAC Systems Market Size, Share, and COVID-19 Impact, By Product Type (Heating, Ventilation, Cooling), By End-Use Type (Automotive, Residential, Commercial, Industrial, Others), and Japan HVAC Systems Market Insights Forecasts to 2030Industry: Automotive & Transportation
HVAC refers to the application of numerous technologies to regulate the temperature, humidity, and air quality in a closed environment. Its objective is to provide suitable indoor air quality and thermal comfort.
HVAC systems play an important role in residential structures such as single-family homes, apartment complexes, hotels, and senior living facilities, as well as medium-to-large industrial and office buildings such as skyscrapers and hospitals, as well as transportation such as cars, trains, aeroplanes, ships, and submarines, and in marine environments where safe and healthy building conditions are regulated with respect to temperature and humidity using outside air.
In Japan, central heating systems are commonly used in houses or apartments, large buildings, hospitals, and other facilities. The concept of heating/cooling the only room where people are has taken root in Japan. Based on this concept, individual A/C units are typically installed in each room. Daikin and Mitsubishi are two significant businesses that are growing internationally.
This research report categorizes the market for Japan's HVAC Systems Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japanese HVAC Systems Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan HVAC Systems Market.
As the commercial sector in Japan consumes the largest portion of the country's energy, HVAC systems play a vital role in encouraging building energy efficiency. Japan's HVAC systems market expansion is anticipated to be fueled by the growing demand for cutting-edge heating, ventilation, and cooling systems. Additionally, increasing the productivity and wellness of the occupants might benefit from HVAC system efficiency improvements.
Thermally driven air conditioners have become more popular as a result of the increase in green-labeled goods brought on by growing environmental awareness. Manufacturers offer cutting-edge solutions, like Hitachi Global Life Solutions, Inc., Daikin Industries, Ltd., and others. These air conditioners are energy efficient since they use solar energy in addition to natural gas. Along with better lifetime cost and efficiency, further advantages include reduced maintenance, autonomous management of pipes for heating and cooling, and automatic changes to current demand.
The shortage of qualified HVAC technicians is expected to have a negative impact on market growth in the coming years. Furthermore, high installation costs, frequent maintenance, high energy consumption, and other operational difficulties limit the market expansion of Japan’s HVAC systems.
COVID 19 Impacts
The COVID-19 outbreak has had hampered the growth of the HVAC equipment industry due to country-wide lockdown and delays in manufacturing and production of HVAC equipment used in residential, commercial, and industrial applications.
- In 2022, the cooling segment is witnessing a higher growth rate over the forecast period.
Based on the product type, the Japan HVAC Systems Market is segmented into heating, ventilation, and cooling. Among these, the cooling segment is witnessing a higher growth rate over the forecast period. The cooling market is divided into several categories, including room air conditioners, unitary air conditioners, chillers, coolers, cooling towers, and variable refrigerant flow (VRF) systems. The main cause of the increase in coolers demand is the end-use industries expanding the use of process cooling. For example, process chilling is widely employed in the food and beverage industries for the pasteurisation and baking of food. Huge amounts of heat are produced as a result of this.
- In 2022, the commercial segment is dominating the market with the largest market share of 35% over the forecast period.
Based on end-use type, the Japan HVAC Systems market is segmented into automotive, residential, commercial, and industrial. The two-wheeler segment dominates the market with a 35% market share over the forecast period, due to the rise of awareness of the environment, potential cost savings, and improvements in technology. The growth of the commercial HVAC industry is anticipated to be significantly shaped by a number of trends, from automated systems to green and smart technology.
The report offers the appropriate analysis of the key organizations/companies involved within the Japan HVAC Systems Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- A-Gas Japan
- Sharp Corporation
- CAREL Japan Co., Ltd.
- EBARA CORPORATION
- DAIKIN INDUSTRIES, Ltd.
- AISIN CORPORATION
- BAC JAPAN CO., LTD.
- Panasonic Corporation
- OKAMURA CORPORATION
- Honeywell Japan Ltd.
- Yamada Corporation
- CHOFU SEISAKUSHO CO., LTD.
- Fuji Electoric Co., Ltd.
- Nippon PMAC Co., Ltd.
- Unikas Industrial
- HASEGAWA REFRIGERATION, LTD.
- FUJITSU GENERAL LIMITED
- Toshiba Carrier Corporation
- Mitsubishi Electric Corporation
- Hitachi Global Life Solutions, Inc.
- Kawasaki Thermal Engineering Co., Ltd.
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In May 2022, Mitsubishi Electric Corporation expands its air conditioner manufacturing facility in Turkey by investing USD 113 million in a new facility at Mitsubishi Electric Air Conditioning Systems Manufacturing Turkey Joint Stock Company (MACT). The expansion will increase MACT's yearly capacity for room air conditioners to 1,100,000 units, up by 300,000 units, and for air-to-water (ATW) heat pumps to 300,000 units, up by 100,000 units from existing capacity.
- In July 2022, TeraWatt Technology Inc., a startup firm in the United States, received funding from Daikin Industries, Ltd. to help it develop applications and improve its battery technology for lithium-ion battery materials. Daikin anticipates that this investment will help to advance its battery technologies, speed up the creation of new battery components, and expand its reach internationally.
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the Japan HVAC Systems Market based on the below-mentioned segments:
Japan HVAC Systems Market, By Product Type
- Heat Pump
- Unitary Heater
- Air Filter
- Air Purifier
- Ventilation Fan
- Cooling Tower
- Room Air-conditioner
- Unitary Air-conditioner
Japan HVAC Systems Market, By End-Use Type
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