openPR Logo
Press release

HVAC Centrifugal Compressors Market Report to 2024 | Growth Insight and Revenue Forecast

02-14-2020 03:26 PM CET | Industry, Real Estate & Construction

Press release from: DEC Research

HVAC Centrifugal Compressors Market

HVAC Centrifugal Compressors Market

North America HVAC centrifugal compressors market is expected to generate over USD 175 thousand by 2024 owing to the rising industrial sector encouraging high energy expenditures. Moreover, enhanced demand for centralized cooling arrangements to reduce wastage will stimulate market.

Request for a sample copy of this report @ https://www.decresearch.com/request-sample/detail/2405

Favorable government initiatives to promote clean energy coupled with reducing energy wastage and benefiting in consumer cost savings will foster HVAC centrifugal compressors market expansion. Increasing scrutiny by local governments over product manufacturing to reduce carbon emissions as per Kyoto Protocols will boost product demand. In addition, financial assistances through subsidies on these heating and cooling devices will positively influence demand for energy efficient products.

Expansion of several industrial and commercial businesses including chemical, construction, energy, food, glass, petrochemical, pulp & paper and textile will augment HVAC centrifugal compressors market share. Growing air conditioning demand in tropical South East Asia countries, including Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam will further stimulate industry growth.

Increasing demand for heating and cooling systems to maintain ideal building temperature by installing heat pumps and chillers will drive HVAC centrifugal compressors market. Changing consumer preferences towards superior energy efficiency, high service, affordability and low running costs will also boost industry share.

Make an Inquiry for Purchasing this Report @ https://www.decresearch.com/inquiry-before-buying/2405

Chillers are anticipated to witness over 2.3% CAGR up to 2024 due to the development of commercial spaces including corporate offices and retail outlets. Hospitals and hotels are also key application areas for chillers. Widespread enactment of certification requirements comprising Energy Star, WBDG and LEED for buildings will further drive HVAC centrifugal compressors market expansion.

The heat pumps market was worth more than USD 345 thousand in 2016 due to shifting industry trends towards reduction of greenhouse gases by utilizing these standardized pumping machineries. Superior properties including precise pressure control along with enhanced vapor compression technology will boost energy efficient systems demand. Well recognition over traditional heating systems including boilers, furnaces, gas-fired heaters and fireplaces will provide lucrative business opportunities for HVAC centrifugal compressors market growth.

Introduction of Big 5 Dubai project boosted the sales of entire HVAC machinery by generating USD 1.5 billion in 2016. The total contract value of the Dubai urban development upgradation using entire compressor technology is projected to surpass USD 59 billion by 2021. In addition, government initiatives comprising Dubai 2021 Smart City Plan and UAE Vision 2021 will boost the adoption of efficient energy systems over the forecast timespan.

Request for discount @ https://www.decresearch.com/request-discount/2405

Global HVAC centrifugal compressors market is fragmented due to the presence of several international manufacturers. Some of the key industry players are:

1. SKF
2. Mitsubishi Heavy Industries
3. Danfoss
4. Hitachi and Atlas Copco
5. Elliott Group
6. GFA
7. Ingersoll Rand
8. Howden Group
9. Celeroton

Rising competition coupled with increasing energy expenses and sustainability initiatives taken up by various governments will support product penetration.

About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

Contact Us:
DEC Research,
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: info@decresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release HVAC Centrifugal Compressors Market Report to 2024 | Growth Insight and Revenue Forecast here

News-ID: 1933068 • Views: 200

More Releases from DEC Research

Hydraulic Hoist Market Revenue Forecast to 2025 - Metal Processing Segment to Ex …
The Asia Pacific regional hydraulic hoist market is predicted to have the lion's share, in the entire forecast period. This regional market might cross USD 140.0 million till 2025, at CAGR more than 5.9%. The North America manual hoist market will also have a decent share by the end of 2025 and will have a size of over USD 100.0 million at the end of 2025. Hydraulic Hoist Market will cross
Positive Displacement Blowers Market Trends Analysis to 2024 - Oil & Gas Industr …
Asia Pacific has been the biggest market for positive displacement blowers market from last few years and it is anticipated to witness significant CAGR over the forecast period. Growing chemical, manufacturing and power generation sectors in Asia Pacific shall accelerate rotary lobe blowers demand over next few years. Europe was another major market for positive displacement blowers owing to its speedily growing chemical and water & wastewater treatment industries. Positive Displacement
APAC Fiberglass Duct Wrap Insulation Market is Expected to Grow over $700 Millio …
Commercial & industrial fiberglass duct wrap insulation market contributed more than 60% industry share in 2017. Rising infrastructure development including warehouses, supermarkets & hypermarkets, schools, colleges, shopping malls, cafe, and hotels are fueling product demand during forecast time frame. Hotter climate countries and rising global temperature are among key aspects stimulating usage of HVAC systems & components for thermal comforts assertively supporting product demand. Request for a sample copy of this
$6.4 Billion | Reciprocating Air Compressor Market - Growth Analysis by Leading …
Stationary product type is expected to dominate the reciprocating air compressor market over the predicted time. This is owing to the high strength, efficiency, low oil level switch, automatic tank drain, and other superior features of the product. Significant demand for the product from automotive, manufacturing and other end-use industries will boost the segment demand by 2024. Request for a sample copy of this report @ https://www.decresearch.com/request-sample/detail/2554

All 5 Releases


More Releases for HVAC

HVAC Monitoring Saves School Building Significant Costs
Wireless Data Logging System Monitors Energy Usage in Real-Time CAS DataLoggers supplied the wireless data logging solution for a middle school maintenance supervisor who needed to perform power factor correction on the building’s HVAC system before winter arrived. The school needed a lightweight yet affordable HVAC monitoring system that could connect to most available power meters to measure the system’s pulse output. The supervisor also needed this device to be compatible
Mega Clima Iraq HVAC Expo 2019
4th Iraq Hvac Expo 2019: International Air Conditioning & Refrigeration Exhibition is organized by Elan Expo will take place on 25-27 April 2019 at Baghdad International Fair Ground at Baghdad, Iraq. IRAQ – THE MEETING POINT OF MANIFACTURERS In recent years, Iraq is one of the most preferable states in the construction sector through the Middle East. International investors are inclined to make investment to the country which is very rich
HVAC Centrifugal Compressors Market
The newly released research at Market Study Report titled “2017-2024 Global HVAC Centrifugal Compressors Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years. HVAC Centrifugal Compressors Market is estimated to exceed USD 1 billion by 2024; according to a new research report. Chillers application is expected to value over USD 700 million by 2024. Hotels, shopping malls, commercial offices and hospitals are
Automotive HVAC Technology Market 2018 by Type(Manual HVAC Systems, Automatic HV …
Automotive HVAC Technology MARKET The market research report on the Global Automotive HVAC Technology Market presents an in-depth information about the various aspects of the market, on both global and regional scales, which provides a better understanding of the present market landscape. The growth of the Automotive HVAC Technology market has been driven by the soaring demand for Automotive HVAC Technology in the well-established and emerging regions, current technological advancements, and the
HVAC Controls - Global Market Outlook (2017-2026)
Global HVAC Controls market is accounted for $11.92 billion in 2017 and is expected to reach $41.09 billion by 2026 growing at a CAGR of 14.7% during the forecast period. Rising acceptance of Internet of things (IoT) in the HVAC Industry, increasing demand for building automation systems and growing implementation of smart devices are some of the key factors fueling the market growth. However, lack of awareness regarding the benefits
HVAC Company offers Quality HVAC Services in Tulsa, Ok
Tulsa, Ok – SEPTEMBER 13, 2018–Finding the right HVAC services can be difficult for anyone. You want to hire a company that is qualified and will complete the job right the first time. The company that you are looking for needs, to be honest, and trustworthy as well. They are, after all, coming to your home. Wortman Central Air in Tulsa Oklahoma is the diverse, qualified and