Heating, Ventilation & Air Conditioning (HVAC) Market Report Market 2020 Global Insights and Business Scenario – Daikin Industries, Ltd., United Technologies Corporation (Carrier), Ingersoll-Rand Plc (Trane), Johnson Controls International Plc (York), L

The Heating, Ventilation & Air Conditioning (HVAC) Market Report Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global heating, ventilation and air conditioning market is estimated to reach US$201.4 billion in 2023, growing at a CAGR of 6.72% for the period spanning 2018-2023.

The growth of the market has been driven by rising global population, increasing construction activities, intensifying annual mean temperature, escalating e-commerce retail sales and upsurge in economic growth. However, growth of the market would be challenged by increase in raw material prices, data infrastructure security system and economic and political events. Some of the noteworthy trends of the market include growing smart thermostat market, advancements in technological innovations and adaption of sustainable building designs.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Heating, Ventilation & Air Conditioning (HVAC) Market Report Market: Daikin Industries, Ltd., United Technologies Corporation (Carrier), Ingersoll-Rand Plc (Trane), Johnson Controls International Plc (York), Lennox International Inc. and Honeywell International Inc.

Industry News:

02 Dec 2011, Chennai: Diversified US manufacturer United Technologies Corp., maker of Carrier air conditioners and Otis elevators, on Friday announced the acquisition of two Chennai-based companies – building management business Sauter Race Technologies Pvt. Ltd and Agnice Fire Protection Ltd. – to support a five-fold jump in India revenue from the current $500 million to $2.5 billion by 2015. The Hartford, Connecticut-based company’s India commercial business head Zubin Irani told Mint ahead of the Chennai press conference that UTC was taking a majority stake in both companies but refused to give details on the size of the deal and the stake percentage.

Sauter Race was created in 2006 when Sauter AG of Switzerland picked up a 26% stake in the 1992-established Race Technologies. The Indo-Swiss joint venture deals in heating, ventilation and air conditioning (HVAC) systems and security controls for buildings, both of which together form a big chunk of the Indian building management systems market. The Indian intelligent building management systems (IBMS) market is valued at $621 million as on 2011, according to an online report by US consultancy Markets & Markets. The market is expected to reach $1,891 million by 2016 aided by a compounded annual growth rate (CAGR) of 25%.

January 13, 2020: Ingersoll Rand Introduces Future Climate Company, Trane Technologies

Ingersoll-Rand introduced its pure-play climate company, announcing the new company name, strategy and executive leadership team.
The climate company will be named Trane Technologies plc,1 elevating its market leading Trane brand and celebrating the power of technological innovation. Trane Technologies will be a global leader in climate control and is expected to trade on the New York Stock Exchange under the ticker ‘TT.’ Through its strategic brands, Trane and Thermo King, and portfolio of climate-focused innovations, Trane Technologies will create efficient and sustainable solutions for buildings, homes and transportation.

Market Overview:

The global heating, ventilation and air conditioning market can be segmented into two broad segments: HVAC Equipment and Aftermarket & Services. Equipment segment is comprised of two key segments i.e., Commercial and Residential Equipment. In 2018, equipment segment was the dominant segment because of the driving factors such as increasing emergence of HVAC equipment manufacturers and favorable government regulations in the market.

The fastest growing regional market is the Americas owing to increasing trend of adopting sustainable HVAC systems by the American population and commencement of HVAC system manufacturing in various domestic consumer electrical companies. Asia Pacific represents one of the largest HVAC market and is already well-penetrated at developed market levels because of the growing construction activities in countries such as China and India and high imports of air conditioning and ventilation appliances by the Asia Pacific countries.

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Regional Analysis For Heating, Ventilation & Air Conditioning (HVAC) Market Report Market:

For comprehensive understanding of market dynamics, the global Heating, Ventilation & Air Conditioning (HVAC) Market Report market is analyzed across key geographies namely:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Heating, Ventilation & Air Conditioning (HVAC) Market Report Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020–2026.

Following are major Table of Content of Heating, Ventilation & Air Conditioning (HVAC) Market Report Market:

- Global Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
- Global Market competition by top Players
- Analysis by Regions
- Consumption by Regions
- Consumption, By Types, Revenue and Market share by Types
- Consumption, By Applications, Market share (%) and Growth Rate by Applications
- Complete profiling and analysis of Players
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Market Effect Factors Analysis
- Global Market Forecast
- Global Market Research Findings and Conclusion, Appendix, methodology and data source

Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter’s Five Forces Analysis and SWOT Analysis.

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