HVAC Equipment Market: Introduction
Transparency Market Research delivers key insights on the global HVAC equipment market. In terms of revenue, the global HVAC equipment market is anticipated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in the HVAC equipment market report.
HVAC is the abbreviation for heating, ventilation and air conditioning. The HVAC equipment market includes heating, ventilation, and cooling or air conditioning equipment. These equipment are used to move the air between indoor & outdoor areas. The equipment provides thermal comfort temperature during extreme climatic conditions.
Major Key Players of the HVAC Equipment Market are:
Daikin Industries, Ltd., Samsung, United Technologies, Johnson Controls International Plc, Panasonic Corporation, Lennox International Inc., Mitsubishi Electric Corporation, Nortek Global HVAC LLC, Hitachi, Ltd., and Trane Technologies Plc (formerly Ingersoll-Rand Plc).
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In this market report, TMR estimates that based on product type, cooling equipment is likely to be the most widely used product type by the end of 2030 in the HVAC equipment market. Growing usage of HAVC equipment for construction projects and renovation of residential spaces is anticipated to drive the market. Moreover, growing awareness among users about using energy efficient equipment and growth in the construction sector is expected to drive the market for HVAC equipment.
HVAC Equipment Market: Prominent Regions
Asia Pacific is projected to show prominent growth in the HVAC equipment market in the near future, due to increasing number of construction projects in the region. North America is the dominant market for HVAC equipment over the years. Demand for energy efficient equipment is one the major reasons for growth of this market in North America as well as Europe. Growing home automation and development of smart HVAC equipment is expected to create better opportunities for the HVAC equipment market in the near future.
Major brands are likely to focus on research & development to manufacture high-tech equipment and expand their business to strengthen their footprints in the global HVAC equipment market.
Global HVAC Equipment Market: Segmentation
HVAC Equipment Market, by Type
- Heating Equipment
- Heat Pump
- Furnace
- Unitary Heaters
- Boilers
- Others
- Cooling Equipment
- Chillers
- Air Conditioners
- Water Cooling Towers
- Others
- Air Delivery Equipment
- Ventilation Fans
- Humidifiers & Dehumidifiers
- Others
HVAC Equipment Market, by Application
- Residential
- Commercial
- Industrial
Research objectives:-
– To study and analyze the global 55 consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the 55 market by identifying its various sub-segments.
– Focuses on the key global 55 manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the 55 with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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