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HVAC Equipment Market to grow at a CAGR of 4.96%, during the forecast period (2018 - 2023) |Top Players - DAIKIN INDUSTRIES. LTD., HAIER INC., SAMSUNG ELECTRONICS, PANASONIC CORPORATION, LENNOX INTERNATIONAL INC., amongst others

02-06-2019 01:26 PM CET | Industry, Real Estate & Construction

Press release from: Market Prognosis

Market Analysis:

North America to Dominate the Market
North America holds the major share in the HVAC Equipment Market. Advancement will result in rapid gains with rise in the expenditure of construction. Growth in repair investments, as replacement demand, is contributing to the market growth.

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In residential, industrial or commercial buildings, heating or cooling is implemented by heating ventilation and air conditioning (HVAC) equipment. Major drivers of the global HVAC equipment market include, increase in new households, rising average construction spending, rapid urbanization, and growth in disposable income across several major economies. Rising population has opened up new avenues for the global HVAC equipment market. Regions like Asia-Pacific are witnessing rapid growth in residential properties, with China and India in the driver’s seat. Demand for efficient heating equipment has led to its growth, making it one of largest contributor to global HVAC equipment market. However, high-energy consumption of HVAC equipment is a major factor restraining the growth of this market.

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Market Segments:
HVAC Equipment Market t is segmented by:
1. Equipment Type: Heating equipment, Air Conditioning Equipment, Ventilation equipment
2. End-use Application: Residential, Industrial, Commercial
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• October 2017 - Honeywell announced its planned portfolio changes that intend to separately spin off the home product portfolio and ADI global distribution business, along with transportation system business into publicly traded companies.
• June 2017 - Carrier was named HVAC leader by 2017 BUILDER Magazine. The company was ranked as a top brand in three of the four of its subcategories.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

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