Technologies such as IoT, automated control systems and remote-control access are expected to transform the HVAC industry in the two countries in the coming years. Automated control systems works by detecting the surrounding climate and then controlling the temperature to provide optimum comfort. Remote control access will help users to operate HVAC systems through mobile applications with the help of internet. IoT-enabled HVAC units will be helpful in attaining real-time information about the condition of the systems to users and manufacturers, helping them anticipate defects and reduce maintenance costs. Apart from the opportunity of technological incorporation there are certain other factors which are responsible for surging the sales of HVAC systems as well as for restraining growth.
HVAC industry is one of the major contributors for the Australian economy. Industries such as agriculture, telecommunications and health sectors are the largest end users of HVAC systems. The air conditioning solutions have also penetrated across residential sector in the country owing to a rising demand for products such as window and portable air conditioners. The consumers in Australia are fairly price conscious which had restrained the market initially. However, the manufacturers had immediately devised a strategy of renting HVAC services which has contributed in exposing the overall HVAC systems to all the end-user segments such as residential, commercial and industrial.
Climate of Australia is generally hot and humid in summers and pleasant in winters. Due to this, the country experiences a huge demand for both window and portable air conditioners, especially in the period December-March. The highest demand for air conditioners is reported by the residential sector owing to proven efficiency of both window and portable air conditioners in cooling an intended spot.
In New Zealand, increasing commercial construction projects, entry of key players and strong educational and residential sector growth are some of the factors supporting the growth of HVAC industry in the country. The country is well-equipped with modern technologies and the demand for consumer electronics, increase in manufacturing of HVAC equipment and numerous other factors are also supporting the growth in the HVAC industry.
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The HVAC market in New Zealand has been led by the shift of the window and portable air conditioners toward introducing latest energy efficient window units for the residential market. Increase in the standard of living, coupled with the infrastructural development in the country has led to an increase in building of new constructions or renovation activities. The rapid growth of the commercial sector is defined by the rising number of retail stores, commercial units hypermarkets, supermarkets, and others. This increase in number is expected to increase the growth of the overall HVAC sector of the country, which in turn is increasing the sale of the overall packaged ACs.
The competitive landscape for the ANZ HVAC market demonstrates an inclination toward companies adopting strategies such as mergers and acquisitions, business expansion and contracts, partnerships, collaborations and joint ventures and product launches. The major established players in the market are focusing on product launches and development to increase the customer base and enhance their business and regional products segment, whereas the relatively less adoptive strategies comprise partnerships, collaborations and joint ventures. Daikin Industries, LG Australia, Fujitsu General Australia Carrier Transicold Australia, Temperzone Ltd., ActronAir, Panasonic, Samsung, Toshiba and Hitachi among others are some of the prominent players in the ANZ HVAC market.
UPCOMING INDUSTRY TRENDS 