Press release
What's driving the APAC HVAC Market trends? | Key Players : Johnson Controls, Ingersoll Rand, Daikin Industries, Ltd., Mitsubishi Electric Automation, Inc & LG Electronics
These countries have been witnessing major investments in infrastructure projects pertaining to commercial office buildings, retail space, manufacturing facilities, construction/expansion of airports, and metro rail lines.
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Based on end-user, the Asia-Pacific HVAC market is split into commercial, industrial, and residential; wherein commercial end-user category recorded the highest number of HVAC installations in the historical period, exhibiting highest growth rate during 2014-2018.
Based on heating type, Asia-Pacific HVAC market is split into furnaces, heat pumps, boilers and unitary heaters, of which boilers category held the largest market share in the historical period, due to growing demand for boilers from thermal power sector and for electrical energy deriving from China, India, Japan, Indonesia, and Vietnam.
Surging infrastructure spend primarily in China and India is driving the growth of Asia-Pacific HVAC market. In India, there are several upcoming infrastructure projects such as airport construction, and metro railway expansion projects.
In terms of cooling type, the Asia-Pacific HVAC market is divided into variable refrigerant flow (VRF), ducted split/packaged unit, split units, chillers, and room ACs. Among these, VRF category is projected to register fastest growth during the forecast period.
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Some of the key players operating in the Asia-Pacific HVAC market include Johnson Controls International PLC, Ingersoll-Rand plc, United Technologies Corporation, Daikin Industries Ltd., Mitsubishi Electric Corporation, Toshiba Carrier Corporation, LG Electronics Inc., Fujitsu Limited, Midea Group Co. Ltd., Panasonic Corporation, and Gree Electric Appliances, Inc. of Zhuhai.
Asia-Pacific (APAC) HVAC Market Segmentation
Market Segmentation by HVAC Type
• Heating
o Furnaces
o Heat Pumps
o Boilers
o Unitary Heaters
• Ventilation
o Humidifiers/Dehumidifiers
o Air Cleaners
o Ventilation Fans
o Air Handling Units and Fan Coil Units
• Cooling
o Variable Refrigerant Flow
o Ducted Split/Packaged Unit
o Split Units
o Chillers
o Room ACs
Market Segmentation by End-User
• Commercial
o Commercial Offices/Buildings
o Supermarkets/Hypermarkets
o Government
o Healthcare
o Hospitality
o Transportation
o Others (Education, Data Centers, Banking, Departmental Stores, Convenience Stores)
• Industrial
o Oil and Gas
o Food and Beverage
o Automotive
o Energy and Utilities
o Others (Electronics, Textile, and Chemical and Cement Industries)
• Residential
Read More Related Reports :
HVAC Market : www.psmarketresearch.com/market-analysis/hvac-market
U.A.E. HVAC Market : www.psmarketresearch.com/market-analysis/uae-hvac-market
India HVAC Market : www.psmarketresearch.com/market-analysis/india-hvac-market
Saudi Arabia HVAC Market : https://www.psmarketresearch.com/market-analysis/saudi-arabia-hvac-market
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