The aim of the project was to develop an understanding of the current HVAC markets in different strategically important regions of the world and to develop a forecast on the development of these markets until 2020. In order to achieve this, Ecofys merged and cross-checked data from statistics and reports (e.g. types of systems used, number of buildings etc.) with bottom up model calculations (e.g. regarding the heating or cooling demand of buildings), leading to a consistent and reliable picture. As a result the report holds extensive information about the current situation in the mentioned countries. On that basis we made forecasts on size, structure and the type of HVAC markets in these regions in 2020, allowing our client to develop a proactive business strategy based on sound research.