Global HVAC Linesets Market - 2022-2029

Global HVAC Linesets Market - 2022-2029

Market Overview

The global HVAC linesets market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

An HVAC lineset is a pair of copper tubes that connect a condenser to an evaporator. If it is a mini-split system, then the line set connects the indoor and outdoor units, where the outdoor unit, which contains the condenser, supplies to the indoor unit, which contains the evaporator with refrigerant.

The lineset generally consists of a smaller tube, the liquid or discharge line, that carries the liquid refrigerant to the evaporator for heat absorption. It also has a larger tube, called the suction line, that carries lighter gaseous refrigerant back to the condenser, where the heat rejection occurs.

The refrigerant and vapor in the linesets are continually recirculated in a loop to provide either heating or cooling. The function depends on the direction of the flow. For residential applications that use a single indoor unit, only one lineset is required. One line set is required per indoor unit for multi-zone systems, such as those used for industrial and commercial applications. Additional considerations are made for parameters such as total line length, distance and diameter to ensure the system's proper functioning. Some multi-zone systems may require a branch box situated between the outdoor and indoor units. Branch boxes may require a dedicated lineset.

Market Dynamics

The demand for HVAC linesets is mainly driven by the increasing rise in global temperatures. The adoption of low-cost cooling solutions is a key factor in limiting the growth of this market.

The increasing rise in global temperatures

Global warming caused by man-made emissions leads to a rise in global temperatures. The World Meteorological Organization (WMO) has stated that 2021 will be one of the warmest years on record, with an average global temperature rise of 1.1°C above pre-industrial levels. It is also the seventh consecutive year of 1°C above average temperature rise. The Paris Agreement of 2015 aims to limit global warming to well below 2°C above historical levels and no more than 1.5°C in an ideal scenario.

However, a lack of action from global governments to curb emissions among large emitters indicates an estimated temperature increase of more than 3°C by 2100 and up to 4.8°C under the worst-case scenario. The number of hot days is increasing globally, resulting in a growing demand for cooling solutions. The intergovernmental panel on climate change (IPCC) has predicted that global energy demand due to residential air conditioning will grow 33-fold between 2000 to 2100, mostly in developing countries.

Furthermore, populated cities in hot tropical regions are witnessing temperature rises of multiple degrees. For instance, Kuala Lumpur, Malaysia, has seen an increase of 1.4°C from 1989 to 2019. Additionally, demand for cooling solutions is also growing in temperate climates, such as Europe and North America. Rising heatwaves across Europe and North America will only increase the demand for cooling solutions.

Cities also produce heat, such as warm pollutants ejected from vehicle fumes and industrial activities, which become concentrated due to confinement in buildings and urban structures. It results in microclimates called the Urban Heat Islands (UHI). The UHI in a city with more than one million population can result in temperatures between 1-3°C warmer than the surrounding areas. Developed cities with UHI dynamics include London, Paris, New York and Las Vegas. The rise in global temperatures is a key driver for the growth of the global HVAC linesets market.

Adoption of low-cost cooling solutions

HVAC systems are highly expensive to operate and maintain. Most HVAC systems are used by commercial and industrial establishments that can afford the capital expenditure necessary for operation. The use of residential HVAC systems has been mainly limited to high-income countries and the upper class of developing countries. The overwhelming majority of the global population does not use HVAC systems.

Due to the high costs of HVAC systems, low-cost cooling solutions have been used as substitutes in the developing world. The use of table and ceiling fans and air coolers is used to provide cooling without the high costs. In countries with unreliable or non-existent electricity supply, methods such as natural draft ventilation, handled fans and cloths soaked with cold water are used. These low-cost cooling solutions prevent the wider adoption of modern HVAC systems and are a key challenge to the market's growth.

COVID-19 impact analysis

The global HVAC linesets market experienced uneven impacts on value chains in production and sales in 2021 due to the COVID-19 pandemic. Commercial and industrial applications saw steep declines since government-imposed lockdowns and restrictions brought a prolonged halt to manufacturing and office work globally.

Residential demand also declined, as people did not spend money on new units due to the economic uncertainty caused by the pandemic. However, maintenance and retrofitting of existing residential HVAC units continued. Supply chain and logistical difficulties caused by the pandemic have disrupted the production of HVAC linesets. The production of HVAC linesets is estimated to recover to pre-pandemic levels by early 2022.

Despite the temporary difficulties caused by the pandemic, the global HVAC linesets market is set for healthy long-term growth. As various industrial sectors return to normalcy and economic growth is restored, the demand for HVAC linesets will recover and grow gradually in the coming years.

Segment Analysis

The global HVAC linesets market is segmented into material, end-user, implementation and region. The HVAC linesets market is further segmented into residential, commercial and industrial based on end-user. The commercial is leading in this segmentation since almost all modern office spaces utilize HVAC systems. The adoption of HVAC systems in industries is fairly limited to specialty industries. Similarly, mostly upper classes utilize residential HVAC systems.

Geographical Analysis

Asia-Pacific is leading in the global HVAC linesets market since most countries in the region are located near the equator and endure high temperatures during the summer months. India, China, Vietnam, Thailand, Indonesia and Malaysia have extremely hot and humid summers. Some of the largest HVAC linesets producers are located in this region.

China is also the largest market for HVAC linesets in the world. Residential and commercial construction has seen a tremendous increase in China in the last two decades. Entire cities have been built from scratch to accommodate the growing urban population. China is also funding various large-scale commercial construction projects throughout the Asia-Pacific region. India is also undertaking massive commercial construction to drive infrastructure-led economic growth. Most modern commercial buildings have centrally fitted HVAC systems.

China also is the largest automobile producer in the world, with more than 25 million passenger vehicles commercial vehicles produced in 2021. HVAC linesets have extensive use in automobiles for air conditioning. India, Japan and South Korea also have significant automotive industries. The Asia-Pacific region will continue to have the largest market share in the global HVAC linesets market in the coming years.

Competitive Landscape

The global HVAC linesets market is competitive due to the availability of a wide variety of linesets used in different types of applications. The HVAC linesets market is fragmented and has various players such as Halcor, Norsk Hydro ASA, KME Germany GmBH, Mueller Streamline Co., Cerro Flow Products LLC, JMF Company, Feinrohren SpA, Diversitech Corporation, Daikin Industries Ltd and Zhejiang Hailiang Co., Ltd. The major market players adopt growth strategies like new product launches, product updation, collaborations and joint ventures, contributing to the growth of the global market.

Halcor

Overview: Halcor is the copper and copper alloys division of ElvalHalcor, a major metals processing company. It operates eight different foundries and plants in Turkey, Greece and Bulgaria. The company was spun off into a separate entity in 1976 and is headquartered in Athens, Greece.

Product Portfolio

Talos ACR is the company's HVAC linesets for split air conditioning and heat pump systems with flared connections. The lineset is made from copper, offering high durability and resistance to temperature fluctuations. PE-X foam is used for insulation.

Key Developments:

In July 2021, Halcor purchased and completed the merger of FITCO Metal Works S.A., a major Greek metal processor, into its copper division. The merger will lead to a capacity increase for Halcor as it looks to expand into new markets.

Why Purchase the Report?

Visualize the composition of the HVAC linesets market segmentation by the material, end-user, implementation and region, highlighting the critical commercial assets and players.

Identify commercial opportunities in the HVAC linesets market by analyzing trends and co-development deals.

Excel data sheet with thousands of global HVAC linesets market-level 4/5 segmentation data points.

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

Product mapping in excel for the critical product of all major market players

The global HVAC linesets market report would provide approximately 58 market data tables, 56 figures, and 203 pages.

Target Audience 2022

HVAC linesets manufacturers

HVAC systems manufacturers

Industry Investors/Investment Bankers

Education & Research Institutes

Research Professionals