Growth opportunities for HVAC linesets manufacturers

The Paris Agreement aims to limit global warming to well below 2°C above pre-industrial levels and ideally to no more than 1.5°C. However, a lack of ambitious policies to curb emissions among large emitters indicates a likely temperature increase of more than 3°C by 2100 and up to 4.8°C under the worst-case scenarios. Due to this, the number of hot days is projected to increase globally, resulting in a rise in demand for cooling solutions. The Intergovernmental Panel on Climate Change (IPCC) predicts that global energy demand from residential AC will grow 33-fold between 2000 to 2100, mostly from developing countries. Furthermore, populous cities in already hot regions could see temperature shifts of multiple degrees. For instance, Ahmedabad in India, which is trying to save lives by implementing a Heat Action Plan, will see an increase of 1.6°C. Additionally, demand for cooling solutions is likely to grow in more temperate climates. The colder regions could be more detrimentally affected by rising temperatures than hotter regions because they have not traditionally prepared for hot days and heatwaves. In order to cope with high summer temperatures, buildings have traditionally relied on ventilation. which is less effective during heatwaves. With heatwaves becoming more prevalent in the UK and the rest of Europe, the demand for cooling is likely to grow.

Moreover, cities raise temperatures by trapping heat and preventing its dissipation into the lower atmosphere. They also produce their own heat, such as warm pollutants ejected from vehicle fumes and industrial activities, which become concentrated, confined by buildings and urban structures. This 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 its surrounding areas. Developed cities with UHI dynamics include London, Paris, New York, and Las Vegas. Low-and middle-income countries suffer acutely due to UHIs.

These factors create growth opportunities for HVAC line sets manufacturers. The global HVAC linesets market size is projected to reach USD 11.4 billion by 2026 at a CAGR of 10.0% from USD 7.1 billion in 2021.

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Major players operating in the global HVAC linesets 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).