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Research Outline
Prepared for Carla | Delivered December 8, 2019
Value/Transaction Brands in the Heating and Cooling Space
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Goals
To determine revenue or units sold by value/transactional brands in the heating and cooling category.
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Early Findings
The global HVAC market equaled an estimated
$108.1 billion in 2018
. It is forecast to grow at a
CAGR of 3.9%
, equaling an estimated
$136.5 billion by 2024
.
Goodman
Manufacturing Company, LP's annual sales equal an estimated
$1,759.28 million
, per D&B Hoovers.
Oxbox
was launched in
February 2019
. Oxbox is owned by Ingersoll Rand. The brand is endorsed by
Trane
, also an Ingersoll Rand subsidiary.
Ingersoll Rand
reported a
total revenue
of $15,668.2 million in 2018. Of that,
$12,343.8 million, or 79%
, was generated by the company's
climate segment
, which includes its heating and cooling brands. Ingersoll Rand does not provide a further breakdown of revenue generated by individual brand.
The
WeatherKing
brand, a subsidiary of Rheem since 1989, is now
largely defunct
.
Rheem
does not publicly publish its annual reports. Its estimated annual revenue equals
$1959.972 million
, per D&B Hoovers.
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