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The HVAC system in a marine is responsible to control the entire on-board climate conditions. HVAC systems in ships are very rarely of the same size and they cannot be fixed in every ship. Therefore, a detailed assessment of the requirements and objectives is needed to provide the ship with the best possible HVAC system. Factors such as limited space, environmental conditions, the type of cargo and type of vessel influence the decisions in the process of designing an HVAC system.
Some of the factors such as increased vehicle production, increase in sales of luxurious vehicles in developing countries and rising disposable income are some of the major factors driving the growth of the market. Also, an increase in demand for automatic climate control and thermal system features in the luxury automobile is expected to propel the growth of the automotive HVAC system market. Additionally, the implementation of non-polluting refrigerants and increased production of cheaper HVAC systems provide profitable growth opportunities for the major market players. However, the high cost of maintenance of the HVAC system is one of the major factors hampering the growth of the market.
Key Market Driver -
increase in vehicle production, increased sales of luxury vehicle and rise in disposable income are some of the major factors driving the growth of the market.
Key Market Restraint -
the high cost of maintenance of HVAC system is one of the major factors hampering the growth of the market.
The global marine HVAC system market is segmented by vessel type, by technology type, by application, by capacity and by region. Based on vessel type the market is further sub-segmented into passenger vessels, cargo carriers, fishing vessels and others. Among these, passenger vessels accounted for the largest market share in the year 2020 and it is expected to grow steadily over the forecast period. The passenger vessels include ocean liners, cruise ships, yachts, ferries and other vessels. These vessel’s share in burden tonnage is insignificant compared to that of other types of vessels, and thus it is expected to drive the growth of the market.
Based on technology type the market is sub-segmented into marine ventilation systems, marine air conditioning, marine heating systems and marine refrigeration systems. Marine heating systems accounted for the largest market share in the year 2020 and it is expected to dominate the market over the forecast period. These types of systems are used to heat up buildings to a particular temperature. The rapid shift in climate and increased demand for renewable energy are expected to drive the growth of the market.
Based on Capacity the market is further sub-segmented into less than 20RT, 20-90RT and above 90RT. Among these, the 20-90RT segment is expected to account for the largest market share during the forecast period. Due to the increased adoption of ships with 20-90RT capacity the market is expected to experience a boost.
Major players operating in the global marine HVAC system market include Heinen & Hopman, AF Group ASA, Bronswerk Marine Inc., DAIKIN Industries, Ltd., Carrier Corporation, Drews Marine GMBH, DOMETIC Group, HORN International AS, NADI Airtechnics Pvt. Ltd., GEA Farm Technologies among others.
Geographically, the global marine HVAC system market is segmented into North America, Europe, Asia Pacific, and the rest of the world. The Asia Pacific held the largest share of the market in 2020 and it is estimated to dominate the market in the coming years with the highest CAGR. Among other Asia-Pacific regions, India is the fastest-growing market. it is majorly due to the country’s largely spread coastline with 12 and 150 non-major ports. The increased construction activities and rise in population in the region are some of the major factors expected to drive the growth of the market.
North America is the second-largest region for the market the factors such as the implementation of non-polluting refrigerants and increased vehicle production are some of the major factors driving the growth of the market. Europe is anticipated to account for substantial market share from 2021 to 2028. The presence of major market players and increase in demand for automatic climate control and thermal system features are expected to drive the growth of the market in the region.
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