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Global HVAC Equipment Market (Sector)

As reported by Lucintel, a global consulting and market research firm, the global climatic industry is rapidly growing in various commodity segments and is expected to reach an estimated USD 105.7 billion by 2019. The major drivers of the HVAC equipment industry are growing urbanization, rising disposable income, replacement needs, strict energy regulations, and technological innovations.

History

Hyundai has established its 21st century’s vision to be A Global Business Organizer Creating New Values and is preparing for a new takeoff for the future.

1947

Beginning of a way

Hyundai Group is the largest Korean conglomerate, established by Mr. Chung Ju-yung in 1947. In this particular year Hyundai Civil Industries started to operate, later renamed to Hyundai Construction. When the company was established, it employed only 11 people, but by the end of the 1950s the company of Chung Ju-yung was a large company by Korean standards, and at the end of the 1960s it was Hyundai company that was chosen as one of major exporters of construction services – at first in Vietnam and Southeast Asian countries, then in the Middle East. For the next decades, the Korean economy has been growing at a record pace. Hyundai has been growing together with the country.
1970's
Like other Korean conglomerates, Hyundai Construction diversified its production and a result of this forward-looking strategic decision was the investment policy ensuring growth of Hyundai in various high-tech and highly profitable industries. So, in 1973 the first Hyundai dockyard was built – project of Hyundai Heavy Industries subdivision – that by 1984 made Korean the second shipbuilding state in the world.
In the 1970s, Hyundai began to actively build Hyundai Motor car factories that soon started to export their products. Through the efforts of the company’s founder Chung Ju-yung, one of the greatest managers of the XXth century, in 1990 Korea became one of the world’s leading car makers.
By the end of the 1970s, Korean Hyundai conglomerate became a part of the so-called Big Four of Korean groups of companies. Besides Hyundai, this Big Four included Samsung, LG and Daewoo. By the mid-90s Hyundai had over 60 subsidiaries and took active participation in almost all areas of economic activities, including car making, construction, chemical industry, electronics, financial services, heavy industry and shipbuilding, with the annual total revenue of about 90,000,000,000 dollars and over 200,000 employees.
1980's
Korean electronics industry was born at early 1980s, and again Hyundai was one of those who took the lead – subsidiary Hyundai Electronics was established (in 2001 the company was renamed to Hynix), and it time it became one of the world’s largest suppliers of semiconductors.
2000's
After the death of the company’s founder Chung Ju-yung in 2001, Hyundai Korean conglomerate established several major subdivisions headed by successors of Mr. Chung Ju-yung. Among them, such famous companies thus far as Hyundai Heavy Industries, Hyundai Motor Group and Hyundai Development Group.
The promising production for the professional HVAC market is the project of Hyundai Corporation, which in its turn is a part of Hyundai Heavy Industries.

Business cooperation Reliable partner for your business

The industry of professional HVAC market is currently actively developing all over the world engaging more and more manufacturers and brands, which strive to occupy their own niche and become competent participant in the industry.

How to become a partner of Hyundai?

The main commercial principles of the company Hyundai are single regional pricing, strict limitation of distribution channels with the definition of exclusive partners in each of them and the protection level of profitability of partners through the assortment and commercial tools.

ABSOLUTELY NEW VISION OF THE GLOBAL HVAC SEGMENT

Critical Decision 1

Since 2011, Hyundai Corporation has been considering the global HVAC equipment market as the most significant business in the Professional and Domestic Equipment for Home and Company Needs Group of Businesses.

Critical Decision 2

Each "minor" product must be perfect: new goals and objectives make it necessary not only to create new products, but also to strictly adhere to rising requirements.

Critical Decision 3

Each market has its consumer and rules, which makes it unique: flexibility in developing a product suggests the need to realize that consumers in various countries expect different solutions, and therefore it is important to choose the highest standards of consumers' expectations and make such solutions available for consumers in another country.

Critical Decision 4

Success is possible if participants have identical goals. Since 2011, Hyundai Corporation has substantially revised its principles of cooperation with Hyundai equipment distributors worldwide. Cooperation is based not only on representatives' distributional capacities, but also on their ability to observe the principles and Spirit of Hyundai.

Critical Decision 5

Competition with the strongest brands in the market. Since 2011, Hyundai Corporation believes that the most important quality of Hyundai-branded products is a successful competition with the most powerful equipment brands in local markets. For this purpose, Hyundai Corporation has focused on the development of innovative, up-to-date, and high-quality products subject to a standing rule that a product must be affordable for most consumers.

Assortment program 2014-2016

Geography of Hyundai HVAC project

A map with marks in the cities where partners and offices Hyundai

Moscow
Minsk
Brasilia
Riyadh
Hong Kong
Seoul
Madrid
Budapest