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HVAC Centrifugal Compressors Market Key Growth By Top Manufactures -Danfoss, Hitachi, Mitsubishi Heavy Industries, ngersoll Rand, GFA Compressors, and Elliott Group

09-06-2018 04:09 PM CET | Industry, Real Estate & Construction

Press release from: marketstudyreport.com

HVAC Centrifugal Compressors Market, HVAC Centrifugal Compressors Market Study, HVAC Centrifugal Compressors Market Size, HVAC Cen

HVAC Centrifugal Compressors Market, HVAC Centrifugal Compressors Market Study, HVAC Centrifugal Compressors Market Size, HVAC Cen

MarketStudyReport.com Adds New HVAC Centrifugal Compressors Market 2017 – 2024 research report providing information By Application (Chillers [Industrial, Commercial], Heat Pumps [Industrial, Commercial]). HVAC Centrifugal Compressors Market is estimated to exceed USD 1 billion by 2024; according to a new research report.

Consistently rising demand for chillers and heat pumps to keep buildings at ideal temperature, is a key factor driving HVAC centrifugal compressors market growth. Aspects such as technological advancements and increasing necessity for energy efficient systems to reduce overall cooling time are among key factors fueling industry penetration.

Depleting natural energy resources and the constant global warming challenge putting pressure on manufacturers to launch products that meet the international standards as well as contribute towards environmental sustainability. Companies are expected to invest in new product developments to comply with stringent energy standards implemented by the regulatory bodies.

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Increasing commercialization, improving government finances and public funding in economies including India, Mexico, and South Africa will provide strong business outlook for HVAC centrifugal compressors industry. Rise in consumer purchasing power and economic growth in these countries expected to propel construction of new shopping malls and hotel chains over the forecast period.

Increasing adoption of cost effective measure to reduce global energy consumption and carbon footprint will trigger systems replacement demand. As per industry estimates, over 85% of U.S. buildings are air conditioned, therefore substitution of new systems with enhanced technology will support HVAC centrifugal systems market growth.

Chillers application is expected to value over USD 700 million by 2024. Hotels, shopping malls, commercial offices and hospitals are major application areas. Strategic government initiatives to promote economic cooling solutions, coupled with rising environmental concerns, will stimulate HVAC centrifugal systems penetration rate. Implementation of certification programmes such as Leadership in Energy and Environmental Design (LEED) certified buildings will positively impact the industry expansion.

Heat pumps for industrial application accounted for over 70% industry share in 2016. Increasing demand for renewable energy sources along with government support through subsidies will propel the HVAC centrifugal systems growth. Shift in industry concern towards GHG emission effects from conventional warming equipment is the key factor supporting product application scope. Increasing popularity of heat pumps over conventional warming systems likely to foster segment growth.

Asia Pacific chillers market is expected to hold over 50% market share by 2024. Escalating demand for centralized cooling systems supported by large consumer base will drive regional HVAC centrifugal systems market. The region accounts for over 60% of the world population and increasing infrastructural development will provide lucrative opportunities for manufacturers over the forecast period.

Top Manufacturers in global market are given bellow: Atlas Copco, Danfoss, Hitachi, Mitsubishi Heavy Industries, and SKF. Other key industry participants are Howden Group, Celeroton, Ingersoll Rand, GFA Compressors, and Elliott Group

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MEA is expected to witness noteworthy growth over the forecast period. Increasing industrial and commercial spending in emerging countries mainly Saudi Arabia, Qatar, and Kuwait influencing HVAC centrifugal systems market. Government focus to boost regional tourism sector competitiveness driving rapid construction of hotels, supermarkets, sports, cinema, and recreational multiplexes. These factors are expected to propel regional industry growth.

The above information is provided on a regional and country basis for the following:
U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Sweden, Switzerland, China, India, Japan, Australia, Malaysia, Indonesia, Thailand, South Korea, Vietnam, Mexico, Argentina, Brazil Saudi Arabia, Qatar, Kuwait, UAE, South Africa

HVAC Centrifugal Compressors Market, By Application

Chillers
• Commercial
• Industrial

Heat Pumps

• Commercial
• Industrial

Table of Content@

Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Commercial Drone Industry Insights
Chapter 4. Competitive Landscape

Continued@........................

Data Tables

TABLE 1. HVAC Centrifugal Compressors industry 360 degree synopsis, 2013 - 2024
TABLE 2. HVAC centrifugal compressors market estimates and forecast, 2013 - 2016, (Thousand units) (USD Million)
TABLE 3. HVAC centrifugal compressors market estimates and forecast, 2017 - 2024, (Thousand units) (USD Million)
TABLE 4. HVAC centrifugal compressors market volume estimates and forecast by application, 2013 - 2016 (Thousand units)
TABLE 5. HVAC centrifugal compressors market volume estimates and forecast by application, 2017 - 2024 (Thousand units)
TABLE 6. HVAC centrifugal compressors market revenue estimates and forecast by application, 2013 - 2016 (USD Million)
TABLE 7. HVAC centrifugal compressors market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 8. HVAC centrifugal compressors market volume estimates and forecast by region, 2013 - 2016 (Thousand units)
TABLE 9. HVAC centrifugal compressors market volume estimates and forecast by region, 2017 - 2024 (Thousand units)
TABLE 10. HVAC centrifugal compressors market revenue estimates and forecast by region, 2013 - 2016 (USD Million)
To View Full Report@ https://www.marketstudyreport.com/reports/hvac-centrifugal-compressors-market

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