Press release
Global HVAC Centrifugal Compressors Market Detail Analysis focusing on Key Players like Danfoss, Hitachi, GFA Compressors, Atlas Copco, Mitsubishi Heavy Industries, Celeroton, Elliott Group, SKF
HVAC Centrifugal Compressors Market is estimated to exceed USD 1 billion by 2024.
Companies profiled in this research and active in the Danfoss, Hitachi, GFA Compressors, Atlas Copco, Ingersoll Rand, Mitsubishi Heavy Industries, Celeroton, Howden Africa, Elliott Group, SKF industry participants have adopted the strategy of frequent product launches in order to improve customer satisfaction and promote market growth. Moreover, manufacturers are also investing in technological innovation to improve product quality and ensure regulatory compliance.
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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.
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.
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.
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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.
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.
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.
Some of the 253 data tables provided in this HVAC Centrifugal Compressors market research include:
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)
TABLE 11. HVAC centrifugal compressors market revenue estimates and forecast by region, 2017 - 2024 (USD Million)
TABLE 12. Vendor matrix
TABLE 13. Industry Best Practices & Key Buying Criteria
TABLE 14. Industry impact forces
TABLE 15. Company market share analysis, U.S., 2016
TABLE 16. Company market share analysis, Europe, 2016
TABLE 17. Company market share analysis, Middle East, 2016
TABLE 18. Brand analysis
TABLE 19. Strategy dashboard
TABLE 20. Market estimates and forecast from chillers, 2013 - 2016, (Thousand units) (USD Million)
TABLE 21. Market estimates and forecast from chillers, 2017 - 2024, (Thousand units) (USD Million)
TABLE 22. Market estimates and forecast from chillers by region, 2013- 2016, (Thousand units)
TABLE 23. Market estimates and forecast from chillers by region, 2017- 2024, (Thousand units)
TABLE 24. Market estimates and forecast from chillers by region, 2013- 2016, (USD Million)
TABLE 25. Market estimates and forecast from chillers by region, 2017- 2024, (USD Million)
For More Details about this report: https://www.marketstudyreport.com/reports/hvac-centrifugal-compressors-market
Related Report:
Global Gas Compressors Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023
A gas compressor is a mechanical device that increases the pressure of a gas by reducing its volume. This report is about the gas compressor for argon, ethylene, fluorine, helium, hydrogen, oxygen, neon, nitrogen, silane, TFE, xenon and other gases. An air compressor is a specific type of gas compressor, which is not within the scope of the statistics of this report.
https://www.marketstudyreport.com/reports/global-gas-compressors-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023?utm_source=RR-AN
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