Heating, Ventilation, and Air Conditioning (HVAC) Systems - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Heating, Ventilation, and Air Conditioning (HVAC) Systems Market is accounted for $186.18 billion in 2019 and is expected to reach $357.57 billion by 2027 growing at a CAGR of 8.5% during the forecast period. Increasing government guidelines for saving energy and rising trend of smart homes are the major factors driving the market growth. However, shortage of skilled labor is restraining the market growth.
Heating, ventilation, and air conditioning (HVAC) systems provide heating and cooling services. These systems control the indoor air quality, humidity, and temperature of buildings and vehicles. These are also responsible for air filter as well as it provides a comfortable indoor environment if properly maintained. They are used in commercial, residential, and industrial buildings. They are necessary for data centers to control the ambient environment.
Based on application, the commercial segment is likely to have a huge demand due to growth in urbanization and rise in construction spending in this sector. These units take a significant amount of space and so are located on rooftops of buildings. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the presence & growth of major contributors such as China, India, and Japan, rising population and increasing construction activities.
Some of the key players profiled in the Heating, Ventilation, and Air Conditioning (HVAC) Systems Market include Daikin, Danfoss, Electrolux, Emerson, Fujitsu, Gree, Honeywell, Ingersoll Rand, Johnson Controls, Lennox, LG Electronics, Mitsubishi Electric, Nortek, Samsung Electronics and United Technologies.
Implementation Types Covered:
• Multi-split Systems
• Single Split Systems
Cooling Equipments Covered:
• VRF Systems
• Room Air Conditioners
• Unitary Air Conditioners
• Cooling Towers
Heating Equipments Covered:
• Unitary Heaters
• Heat Pumps
Ventilation Equipments Covered:
• Air Filters
• Air-Handling Units
• Air Purifiers
• Ventilation Fans
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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