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Global HVAC Equipment Market Insights, Forecast to 2025
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In residential, industrial or commercial buildings, heating or cooling is implemented by heating, ventilation, and air conditioning (HVAC) equipment.
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. The largest producer of HVAC equipment is China. It is highly influenced by increasing construction expenditure and rising industrialization. Latest technological breakthroughs have assisted the advancement of new HVAC equipment in the residential segment across the world. This can make the overall processes more efficient, and can significantly improve accuracy in various applications. Growing number of housing units are opening up new arenas for HVAC equipment installations. The residential segment is poised to grow at a faster rate and air conditioner manufacturers were able to increase their top line in Asia-Pacific, because of increase in atmospheric temperature in the region. Inverter ACs are expected to be adopted more in India, as the region is struggling with power shortage; even cities have regular power cuts. All these factors are delivering and creating an impact in the residential market.
Demand for efficient heating equipment has led to its growth, making it one of largest contributor to global HVAC equipment market. North America holds the major share in the HVAC Equipment Market. Demand for HVAC equipment in the US is forecasted to witness exponential growth.
The HVAC Equipment market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for HVAC Equipment.
This report presents the worldwide HVAC Equipment market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Carrier
DAIKIN INDUSTRIES
Ingersoll Rand
Johnson Controls
LG Electronics
HVAC Equipment Breakdown Data by Type
Furnace
Heat Pump
Central Air Conditioning
Room Air Conditioning
Others
HVAC Equipment Breakdown Data by Application
Non-Residential
Residential
HVAC Equipment Production by Region
United States
Europe
China
Japan
Other Regions
HVAC Equipment Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global HVAC Equipment status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key HVAC Equipment manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of HVAC Equipment :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of HVAC Equipment market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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Related Information:
North America HVAC Equipment Market Growth 2019-2024
United States HVAC Equipment Market Growth 2019-2024
Asia-Pacific HVAC Equipment Market Growth 2019-2024
Europe HVAC Equipment Market Growth 2019-2024
EMEA HVAC Equipment Market Growth 2019-2024
Global HVAC Equipment Market Growth 2019-2024
China HVAC Equipment Market Growth 2019-2024
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