PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT PART 03: RESEARCH METHODOLOGY PART 04: MARKET LANDSCAPE • Market ecosystem • Market characteristics • Market segmentation analysis PART 05: MARKET SIZING • Market definition • Market sizing 2017 • Market size and forecast 2017-2022 PART 06: FIVE FORCES ANALYSIS • Bargaining power of buyers • Bargaining power of suppliers • Threat of new entrants • Threat of substitutes • Threat of rivalry • Market condition PART 07: CUSTOMER LANDSCAPE PART 08: MARKET SEGMENTATION BY END-USER • Segmentation by end-user • Comparison by end-user • Process industry – Market size and forecast 2017-2022 • Discrete industry – Market size and forecast 2017-2022 • Market opportunity by end-user PART 09: REGIONAL LANDSCAPE • Geographical segmentation • Regional comparison • APAC – Market size and forecast 2017-2022 • EMEA – Market size and forecast 2017-2022 • Americas – Market size and forecast 2017-2022 • Market opportunity PART 10: DECISION FRAMEWORK PART 11: DRIVERS AND CHALLENGES • Market drivers • Market challenges PART 12: MARKET TRENDS • Growing adoption of R32 refrigerant in air conditioners • Increased focus on predictive maintenance • Increasing use of renewable energy sources for HVAC systems PART 13: VENDOR LANDSCAPE • Overview • Landscape disruption • Competitive landscape PART 14: VENDOR ANALYSIS • Vendors covered • Vendor classification • Market positioning of vendors • ALFA LAVAL • DAIKIN INDUSTRIES • Ingersoll-Rand • Johnson Controls • United Technologies (Carrier) • List of abbreviations  Exhibit 01: Parent market Exhibit 02: Global HVAC market Exhibit 03: Market characteristics Exhibit 04: Market segments Exhibit 05: Market definition - Inclusions and exclusions checklist Exhibit 06: Market size 2017 Exhibit 07: Validation techniques employed for market sizing 2017 Exhibit 08: Global industrial HVAC market – Market size and forecast 2017-2022 ($ bn) Exhibit 09: Global industrial HVAC market – Year-over-year growth 2018-2022 (%) Exhibit 10: Five forces analysis 2017 Exhibit 11: Five forces analysis 2022 Exhibit 12: Bargaining power of buyers Exhibit 13: Bargaining power of suppliers Exhibit 14: Threat of new entrants Exhibit 15: Threat of substitutes Exhibit 16: Threat of rivalry Exhibit 17: Market condition - Five forces 2017 Exhibit 18: Customer landscape Exhibit 19: End-user – Market share 2017-2022 (%) Exhibit 20: Comparison by end-user Exhibit 21: Process industry – Market size and forecast 2017-2022 ($ bn) Exhibit 22: Major instances of explosion due to dust in process industry 2016 Exhibit 23: Process industry – Year-over-year growth 2018-2022 (%) Exhibit 24: Discrete industry – Market size and forecast 2017-2022 ($ bn) Exhibit 25: Discrete industry – Year-over-year growth 2018-2022 (%) Exhibit 26: Market opportunity by end-user Exhibit 27: Global industrial HVAC market – Market share by geography 2017-2022 (%) Exhibit 28: Regional comparison Exhibit 29: APAC – Market size and forecast 2017-2022 ($ bn) Exhibit 30: APAC – Year-over-year growth 2018-2022 (%) Exhibit 31: Top 3 countries in APAC Exhibit 32: EMEA – Market size and forecast 2017-2022 ($ bn) Exhibit 33: EMEA – Year-over-year growth 2018-2022 (%) Exhibit 34: Top 3 countries in EMEA Exhibit 35: Americas – Market size and forecast 2017-2022 ($ bn) Exhibit 36: Americas – Year-over-year growth 2018-2022 (%) Exhibit 37: Top 3 countries in Americas Exhibit 38: Market opportunity Exhibit 39: Method of classification of hazardous location Exhibit 40: Change in prices of copper and iron ore 2010-2017 (% change) Exhibit 41: Vendor landscape Exhibit 42: Landscape disruption Exhibit 43: Vendors covered Exhibit 44: Vendor classification Exhibit 45: Market positioning of vendors Exhibit 46: Vendor overview Exhibit 47: ALFA LAVAL – Business segments Exhibit 48: ALFA LAVAL – Organizational developments Exhibit 49: ALFA LAVAL – Geographic focus Exhibit 50: ALFA LAVAL – Segment focus Exhibit 51: ALFA LAVAL – Key offerings Exhibit 52: Vendor overview Exhibit 53: DAIKIN INDUSTRIES – Business segments Exhibit 54: DAIKIN INDUSTRIES – Organizational developments Exhibit 55: DAIKIN INDUSTRIES – Geographic focus Exhibit 56: DAIKIN INDUSTRIES – Segment focus Exhibit 57: DAIKIN INDUSTRIES – Key offerings Exhibit 58: Vendor overview Exhibit 59: Ingersoll-Rand – Business segments Exhibit 60: Ingersoll-Rand – Organizational developments Exhibit 61: Ingersoll-Rand – Geographic focus Exhibit 62: Ingersoll-Rand – Segment focus Exhibit 63: Ingersoll-Rand – Key offerings Exhibit 64: Vendor overview Exhibit 65: Johnson Controls – Business segments Exhibit 66: Johnson Controls – Organizational developments Exhibit 67: Johnson Controls – Geographic focus Exhibit 68: Johnson Controls – Segment focus Exhibit 69: Johnson Controls – Key offerings Exhibit 70: Vendor overview Exhibit 71: United Technologies – Business segments Exhibit 72: United Technologies – Organizational developments Exhibit 73: United Technologies – Geographic focus Exhibit 74: United Technologies – Segment focus Exhibit 75: United Technologies (Carrier) – Key offerings

ALFA LAVAL DAIKIN INDUSTRIES Ingersoll-Rand Johnson Controls United Technologies (Carrier)