Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on HVAC equipment market provides an in-depth analysis
of segments and sub-segments in the global as well as regional HVAC equipment
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional HVAC equipment market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global HVAC equipment market. According to
the report, the global HVAC equipment market is projected to grow at a CAGR of
5.5% over the forecast period of 2018-2024.
Heating, ventilation, and air
conditioning equipment is to maintain a comfortable environment through
adequate ventilation with filtration and provide thermal comfort. HVAC equipment removes airborne pollutants,
improve the odor and infuse fresh air into space. Fans/blowers, furnace/heating
the unit, filters, compressor, condensing units, humidifiers, heat exchangers,
chillers, evaporator (cooling coil), control System, air distribution system
are some HVAC equipment used for commercial, residential and industrial
purpose.
The growing demand for
energy-efficient technologies in commercial and industrial infrastructure is a
major factor driving demand for HVAC equipment market. Furthermore, a number of
new households, rapidly increasing construction activities in developing
countries and growth in disposable income are some factors contributes to the growth
of the same. Moreover, changes in the atmospheric conditions in various regions
augments the demand for HVAC equipment’s, as the extreme weather conditions
affect human comfort. The preference for smart homes among consumers who look
for energy efficient homes has a positive impact on the growth of the HVAC
equipment’s market. However, the higher energy consumption of HVAC equipment
may hamper the growth of HVAC equipment market. Going further, a number of key
players are focusing on making energy-efficient HVAC equipment will help in
meeting the needs of environmental sustainability. Which in turns, creates
growth opportunities for the global HVAC equipment market in coming years.
Geographically, the global HVAC
equipment’s market is segmented into North America, Europe, The Asia Pacific
and RoW. North America holds the maximum share in the HVAC equipment market
followed by Europe. Expanding demand for HVAC efficient system and increasing
preference for smart devices with advanced features are some factors
responsible for the growth of the market. Additionally, a number of key players
in the North America region are expanding their focus on manufacturing HVAC
equipment’s which provide ease of use, are more energy efficient. The North
America and Europe region are expected to grow with the close rate with Europe
slightly lagging behind. On the other hand, Asia Pacific is projected to expand
with highest CAGR in HVAC equipment market during the forecast period owing to
the high growth rate of urbanization, along with growth in disposable income.
Additionally, China, Japan, and India are leading countries in HVAC equipment
market. furthermore, increased demand for HVAC equipment in hotels, medium to
large industrial and office buildings, hospitals, vehicles, cars, trains,
airplanes, ships, and submarines, also augment the growth of Asia Pacific
region.
The report on global HVAC
equipment market covers segments such as type and end-user. On the basis of
type, the sub-markets include heating equipment, ventilation equipment, air
conditioning equipment, and chiller. On the basis of end-user, the sub-markets
include commercial, residential, industrial, and others.
The report provides profiles of
the companies in the market such as United Technologies Corporation (Carrier),
Haier Inc., Samsung Electronics, Lennox International Inc., Daikin Industries.
Ltd., Emerson Electric Company, Electrolux AB, LG Corporation, Panasonic
Corporation, Danfoss A/S, and Carrier Corporation.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of HVAC equipment market. Moreover, the study highlights current
market trends and provides forecast from 2018-2024. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.