GLOBAL YACHT HVAC MARKET

HVAC is among the key components for any vehicle, be it on land air or water. Air conditioning system is essential on a yacht to provide a comfortable cabin climate for occupants onboard, and also to maintain the required temperature range for the operation of critical electronic equipment.

Till late 1990s, HVAC on boats was considered optional. Today, in sharp contrast to old days, an efficient HVAC is expected on yachts as an integral part of their design, with climate control.

GLOBAL YACHT HVAC MARKET DYNAMICS

Most yacht builders rely on their suppliers to design HVAC systems. Most of the HVAC units installed are bought off the shelf and there is hardly any degree of customization despite significant changes in cooling requirement.

For superyachts above 100ft, chilled water circulating through local fan coil units is the preferred option whereas self-contained air conditioners are compact enough to be fitted on less than 50 ft boat.

FOCUS ON REDUCING ENERGY CONSUMPTION IN YACHT HVAC MARKET

Yacht’s HVAC system is one of the biggest energy and space consuming system onboard consuming about 50% – 60% of total electrical load be it, at anchor, ocean passages or cruising. Therefore, a lot of focus is now on developing powerful HVAC systems with least possible power consumption in all conditions.

The energy efficiency pf yacht HVAC got further attention when IMO came up with 50% emission reduction deadline by 2050. In case of yacht, propulsion unit is only employed less than 30% of the time whereas HVAC is used on more than 75% of all occasions.

GLOBAL YACHT HVAC MARKET SEGMENTATION

By Product type

• Chilled water air conditioning system
• Split gas air conditioning system
• Self-contained air conditioning system

By End use

• OE
• Replacement

By Yacht length

• Under 35 ft
• 36-60ft
• More than 60 ft

By Region

• US
• Europe
• Asia
• Rest of the world

GLOBAL YACHT HVAC  MARKET SIZE AND FORECAST

Thee overall yacht HVAC market size comprises OE as well as replacement market. In Europe (the biggest market for Superyachts) almost all of them use Variable capacity chillers, so they are more likely to be replaced by the new titanium versions.

The global Yacht HVAC market is estimated at $XX Billion in 2020, growing at --% CAGR till 2025

COVID IMPACT ON YACHT HVAC MARKET

Post COVID, we believe there will be a greater focus on air quality and use of smarter automation systems. Remote monitoring of air quality could be an important requirement for many yacht owners now.

GLOBAL YACHT HVAC COMPETITIVE LANDSCAPE

The competitive landscape of Yacht HVAC market is highly consolidated among few vendors. Majority of the vendors are EU based.

Heinen & Hopman and Dometic are among the leading players of the market.

Many of the Dometic modular water chillers now use titanium condensers as Titanium is unaffected by saltwater, invasive marine life and the harsh acids used for routine cleaning of the condenser coil

COMPANY PROFILES

1. Heinen & Hopman
2. Novenco Marine
3. Johnson Controls
4. Dometic Group AB
5. Northern Lights custom HVAC systems

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. Market Size and Forecast (2020-2025), Units and $M
2. Market split by region, end use segment and HVAC type
3. Market share of leading vendors, 2020
4. COVID impact on Yacht HVAC market and suppliers` earnings
5. HVAC material trends