HVAC linesets are an important component in heating, ventilation, and air conditioning (HVAC) systems. They consist of two copper pipes that are used to transport refrigerant between the indoor and outdoor units of an HVAC system. The demand for HVAC linesets is closely tied to the demand for HVAC systems, which in turn is affected by factors such as construction activity, weather patterns, and energy prices. The global HVAC linesets market size is projected to reach USD 11.4 billion by 2026 at a CAGR of 10.0%.
The HVAC industry as a whole has been growing steadily over the past few years and is expected to continue to do so in the coming years. This is due to factors such as increasing demand for energy-efficient HVAC systems, the rising trend of smart homes and buildings, and the growing need for HVAC systems in developing countries.
However, the demand for HVAC linesets may be affected by factors such as the availability and cost of raw materials, competition from alternative HVAC technologies, and changes in building codes and regulations. The growth of the HVAC industry and the increasing demand for energy-efficient and smart HVAC systems suggest that there will continue to be a significant demand for HVAC linesets in the coming years.
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HVAC Linesets Market Key Players
The key players in the HVAC lineset market include Daikin (Japan), Halcor (Greece), Hydro (Norway), KME SE (Italy), Mueller Streamline Co. (US), Cerro Flow Products LLC (US), JMF Company (US), Zhejiang Ice Loong Environmental Sci-Tech Co., Ltd (China), Feinrohren S.p.A. (Italy), DiversiTech Corporation (US), Foshan Shunde Lecong Hengxin Copper Tube Factory (China), Zhejiang Hailiang Co., Ltd. (China), Linesets Inc. (US), Cambridge-Lee Industries LLC (US), HMAX (US), ICool USA, Inc. (US), PDM US (US), MM Kembla (Australia), Mandev Tubes (India), Uniflow Copper Tubes (India), Kobelco & Materials Copper Tube Co., Ltd. (Japan), Mehta Tubes Limited (India), and Klima Industries (South Korea).
Daikin is one of the leading players in air-conditioning and fluorochemicals businesses. It is engaged in manufacturing general air-conditioning equipment with in-house divisions covering both air conditioning and refrigerants. The company operates globally and provides its products in more than 150 countries.
In terms of value, the carbon segment is projected to account for the largest share of the HVAC lineset market, by material type, during the forecast period.
Copper is the most preferred material among the lineset manufacturers, for application in the HVAC industry. Some of the primary advantages of copper lineset for application in heating and cooling installations in all kinds of residential and commercial buildings are its malleability, ease to join, durability, and 100% recyclability. The copper material type is forecasted to dominate the HVAC market, due to the rising residential construction in the US, China, India, and Indonesia. Also, due to the COVID-19, the sales of split ACs increased in the US, as more and more people were operating in the work from homes scenario for which they needed a comfortable temperature environment in their homes.
“Commercial to be the largest End user during the forecast period”
The commercial sector could be the largest end-user in the HVAC lineset market. Commercial buildings such as offices, shopping malls, and hospitals require HVAC systems to maintain comfortable indoor temperatures and air quality for occupants. As a result, the demand for HVAC linesets in the commercial sector is likely to be high.
Furthermore, the commercial sector is likely to invest in energy-efficient HVAC systems, which may require the use of high-quality and durable HVAC linesets. This could lead to increased demand for higher-end linesets in the commercial sector, which could also contribute to the growth of the HVAC lineset market.
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However, it is important to note that the HVAC lineset market is complex and can be affected by a variety of factors, including changes in building codes and regulations, availability and cost of raw materials, and competition from alternative HVAC technologies. Therefore, while the commercial sector may be a significant end-user of HVAC linesets, the market share of different end-users could vary over time depending on these and other factors.
“The APAC region leads the HVAC lineset market in terms of volume”
The Asia-Pacific (APAC) region could lead the HVAC lineset market in terms of volume. The APAC region has experienced significant growth in construction and infrastructure development in recent years, leading to an increase in demand for HVAC systems and components, including HVAC linesets.
Additionally, the APAC region is home to several emerging economies that are experiencing rapid urbanization and industrialization, which is driving the demand for HVAC systems in commercial and industrial applications.
Furthermore, the APAC region is expected to be a significant market for energy-efficient HVAC systems, which may require the use of high-quality and efficient HVAC linesets. This could further contribute to the growth of the HVAC lineset market in the region.
