South Africa HVAC Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,950	200 Pages	BlueWeave Consulting	August, 2023	BLWC18132154

Best Price Guarantee
Price	from $2,950
Length	200 Pages
Publisher	BlueWeave Consulting
Published Date	August, 2023
SKU	BLWC18132154

South Africa HVAC Market, By Offering (Equipment, Service); By Implementation Type (New Constructions, Retrofits); By End User (Residential, Commercial, Industrial), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

South Africa HVAC Market Size Set to Reach USD 1.43 Billion by 2029

South Africa HVAC market is gaining traction because of the rising demand for energy-efficient HVAC systems and integration of smart HVAC systems.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the South Africa HVAC market size at USD 1.05 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the South Africa HVAC market size to grow at a CAGR of 5.28% reaching a value of USD 1.43 billion by 2029. The undeveloped state of the South Africa HVAC market in comparison to other nations presents opportunities for HVAC system penetration. The South African HVAC market is also predicted to be driven throughout the forecast period by increased demand for energy-efficient systems among residential, commercial, and industrial buildings.

South Africa HVAC Market – Overview

Heating, ventilation, and air conditioning, or HVAC, is a system for maintaining and controlling the temperature, humidity, and purity of the air in a room or enclosed space. These systems are used in a wide range of commercial, residential, and industrial facilities, such as family homes, apartments, hotels, hospitals, trains, airplanes, ships, etc. Ventilation is a very important aspect of HVAC as it helps in maintaining indoor air quality, which involves the removal of moisture, odors, smoke, and dust, temperature control, and oxygen replenishment.

South Africa HVAC Market

Segmental Information

South Africa HVAC Market – By Implementation Type

Based on implementation type, the South Africa HVAC market is split into new construction and retrofits. New construction accounts for a larger share of the South Africa HVAC market, owing to the rising construction of residential complexes as well as industries and commercial facilities for economic development. The retrofits also cover a substantial market share owing to the increasing developments in HVAC technologies and the rising penetration of smart home equipment equipped with technologies such as sensors.

Impact of COVID-19 on South Africa HVAC Market

The unprecedented COVID-19 pandemic negatively impacted the growth of the South Africa HVAC market. According to the International Food Policy Research Institute, the South African economy witnessed a 5 percent decline in its GDP by the end of 2020. Additionally, according to Statistics South Africa (2020), the unemployment rate increased from 23.3% to 30.0% in the third quarter of 2020, making it the highest rate recorded since 2008. This significant decline in the average disposable income of consumers or families directly resulted in slow demand for the HVAC system, particularly in the residential segment.

Competitive Landscape

Major players operating in the South Africa HVAC market include Legend HVAC (Pty) Ltd, Kwikot Manufacturing Ltd, Daikin Air-Conditioning South Africa (Pty) Ltd, Econo Heat Energy Efficient Appliances (Pty) Ltd, Rapid Allweiler Pumps (Pty) Ltd, Samsung Electronics, LG Electronics, Daikin Industries Ltd, Midea Group Co. Ltd, and Whirlpool Corporation.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the South Africa HVAC Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the South Africa HVAC Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

1. Research Framework: 1.1. Research Objective; 1.2. Product Overview; 1.3. Market Segmentation
2. Executive Summary
3. South Africa HVAC Market Insights: 3.1. Industry Value Chain Analysis; 3.2. DROC Analysis; 3.2.1. Growth Drivers; 3.2.1.1. Rising Demand For Energy-Efficient HVAC Systems; 3.2.1.2. Integration of Smart HVAC Systems; 3.2.2. Restraints; 3.2.2.1. Lack Of Skilled Professionals; 3.2.2.2. High Cost of Installation and Maintenance; 3.2.3. Opportunities; 3.2.3.1. Growing Tourism and Hospitality Sector; 3.2.3.2. Retrofitting and Upgrades; 3.2.4. Challenges; 3.2.4.1. Economic Uncertainty; 3.2.4.2. Competition and Market Saturation; 3.3. Technological Advancements/Recent Developments; 3.4. Regulatory Framework; 3.5. Porter’s Five Forces Analysis; 3.5.1. Bargaining Power of Suppliers; 3.5.2. Bargaining Power of Buyers; 3.5.3. Threat of New Entrants; 3.5.4. Threat of Substitutes; 3.5.5. Intensity of Rivalry
4. South Africa HVAC Market Overview: 4.1. Market Size & Forecast, 2019–2029; 4.1.1. By Value (USD Billion); 4.2. Market Share & Forecast; 4.2.1. By Offering; 4.2.1.1. Equipment; 4.2.1.1.1. Heating; 4.2.1.1.1.1. Heat Pumps; 4.2.1.1.1.1.1. Air-source; 4.2.1.1.1.1.2. Water-source; 4.2.1.1.1.1.3. Ground-source; 4.2.1.1.1.2. Furnaces; 4.2.1.1.1.2.1. Gasoline; 4.2.1.1.1.2.2. Propane; 4.2.1.1.1.2.3. Electric; 4.2.1.1.1.3. Boilers; 4.2.1.1.1.3.1. Water-tube; 4.2.1.1.1.3.2. Fire-tube; 4.2.1.1.1.4. Unitary heaters; 4.2.1.1.2. Ventilation; 4.2.1.1.2.1. Air-Handling Units (AHUs); 4.2.1.1.2.1.1. Terminal units; 4.2.1.1.2.1.2. Makeup air units; 4.2.1.1.2.2. Ventilation Fans; 4.2.1.1.2.2.1. Centrifugal fans; 4.2.1.1.2.2.2. Axial fans; 4.2.1.1.2.2.3. Domestic exhaust fans; 4.2.1.1.2.2.4. Power roof fans; 4.2.1.1.2.3. Fan Coil Units (FCUs); 4.2.1.1.2.3.1. Two-pipe; 4.2.1.1.2.3.2. Four-pipe; 4.2.1.1.2.4. Humidifiers/dehumidifiers; 4.2.1.1.2.5. Air cleaners; 4.2.1.1.2.5.1. Type 1: High-efficiency particulate air (HEPA) + carbon; 4.2.1.1.2.5.2. Type 2: HEPA + carbon + ionizer; 4.2.1.1.2.5.3. Type 3: HEPA + carbon + ultraviolet (UV); 4.2.1.1.2.5.4. Type 4: HEPA + carbon + ionizer + UV; 4.2.1.1.2.5.5. Type 5: Other technologies; 4.2.1.1.3. Cooling; 4.2.1.1.3.1. Room air conditioners (ACS); 4.2.1.1.3.1.1. Mini splits; 4.2.1.1.3.1.2. Window ACs; 4.2.1.1.3.2. Split units; 4.2.1.1.3.3. Ducted splits; 4.2.1.1.3.3.1. Water-cooled condensers; 4.2.1.1.3.3.2. Air-cooled condensers; 4.2.1.1.3.4. Packaged units; 4.2.1.1.3.4.1. Water-cooled condensers; 4.2.1.1.3.4.2. Air-cooled condensers; 4.2.1.1.3.5. Variable refrigerant flow (VRF) systems; 4.2.1.1.3.5.1. Heat Pump Systems; 4.2.1.1.3.5.2. Heat Recovery Systems; 4.2.1.1.3.6. Chillers; 4.2.1.1.3.6.1. Centrifugal; 4.2.1.1.3.6.2. Screw; 4.2.1.1.3.6.3. Scroll; 4.2.1.1.3.6.4. Absorption; 4.2.1.1.3.6.5. Reciprocating; 4.2.1.2. Service; 4.2.1.2.1. Upgradation/replacement; 4.2.1.2.2. Maintenance and repair; 4.2.1.2.3. Installation; 4.2.1.2.4. Consulting; 4.2.2. By Implementation Type; 4.2.2.1. New Constructions; 4.2.2.2. Retrofits; 4.2.3. By End User; 4.2.3.1. Residential; 4.2.3.2. Commercial; 4.2.3.3. Industrial
5. Competitive Landscape: 5.1. List of Key Players and Their Range; 5.2. South Africa HVAC Company Market Share Analysis, 2022; 5.3. Competitive Benchmarking, By Operating Parameters; 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
6. Impact of Covid-19 on South Africa HVAC Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis): 7.1. Legend HVAC (Pty) Ltd; 7.2. Kwikot Manufacturing Ltd; 7.3. Daikin Air-Conditioning South Africa (Pty) Ltd; 7.4. Econo Heat Energy Efficient Appliances (Pty) Ltd; 7.5. Rapid Allweiler Pumps (Pty) Ltd; 7.6. Samsung Electronics; 7.7. LG Electronics; 7.8. Daikin Industries Ltd; 7.9. Midea Group Co. Ltd; 7.10. Whirlpool Corporation; 7.11. Other prominent players
8. Key Strategic Recommendations
9. Research Methodology: 9.1. Qualitative Research; 9.1.1. Primary & Secondary Research; 9.2. Quantitative Research; 9.3. Market Breakdown & Data Triangulation; 9.3.1. Secondary Research; 9.3.2. Primary Research; 9.4. Breakdown of Primary Research Respondents; 9.5. Assumption & Limitation; *Financial information of non-listed companies can be provided as per availability.; **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures: Figure 1 South Africa HVAC Market Segmentation; Figure 2 South Africa HVAC Market Value Chain Analysis; Figure 3 Company Market Share Analysis, 2022; Figure 4 South Africa HVAC Market Size, By Value (USD Billion), 2019–2029; Figure 5 South Africa HVAC Market Share, By Offering, By Value, 2019–2029; Figure 6 South Africa HVAC Market Share, By Implementation Type, By Value, 2019–2029; Figure 7 South Africa HVAC Market Share, By End-User, By Value, 2019–2029
List of Tables: Table 1 South Africa HVAC Market Size, By Offering, By Value, 2019−2029; Table 2 South Africa HVAC Market Size, By Implementation Type, By Value, 2019−2029; Table 3 South Africa HVAC Market Size, By End-User, By Value, 2019−2029; Table 4 Legend HVAC (Pty) Ltd Company Overview; Table 5 Legend HVAC (Pty) Ltd Financial Overview; Table 6 Kwikot Manufacturing Ltd Company Overview; Table 7 Kwikot Manufacturing Ltd Financial Overview; Table 8 Daikin Air-Conditioning South Africa (Pty) Ltd Company Overview; Table 9 Daikin Air-Conditioning South Africa (Pty) Ltd Financial Overview; Table 10 Econo Heat Energy Efficient Appliances (Pty) Ltd Company Overview; Table 11 Econo Heat Energy Efficient Appliances (Pty) Ltd Financial Overview; Table 12 Rapid Allweiler Pumps (Pty) Ltd Company Overview; Table 13 Rapid Allweiler Pumps (Pty) Ltd Financial Overview; Table 14 Samsung Electronics Company Overview; Table 15 Samsung Electronics Financial Overview; Table 16 LG Electronics Company Overview; Table 17 LG Electronics Financial Overview; Table 18 Daikin Industries Ltd Company Overview; Table 19 Daikin Industries Ltd Financial Overview; Table 20 Midea Group Co Ltd Company Overview; Table 21 Midea Group Co Ltd Financial Overview; Table 22 Whirlpool Corporation Company Overview; Table 23 Whirlpool Corporation Financial Overview