Press release
HVAC And Commercial And Industrial Refrigeration Equipment Market Report 2020-30 Market Analysis, Size, Share, Trends, Key Players, Drivers And Forecast
HVAC And Commercial And Industrial Refrigeration Equipment Market
The global hvac and commercial and industrial refrigeration equipment market is expected to decline from $413.7 billion in 2019 to $388.6 billion in 2020 at a compound annual growth rate (CAGR) of -6.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $471.2 billion in 2023.
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The HVAC and commercial and industrial refrigeration equipment market consists of sales of HVAC and commercial and industrial refrigeration equipment by entities (organizations, sole traders and partnerships) that produce HVAC and commercial and industrial refrigeration equipment. Examples of products in this market include air-conditioning equipment, refrigerated counter and display cases, snow making machinery, and attic and exhaust fans.
The HVAC companies are increasingly integrating IOT technology with HVAC equipment due to growing demand for real time insights from HVAC equipment. The Internet of things is the inter-networking of physical devices embedded with software, sensors and network connectivity which enable these objects to collect and exchange data. Using IOT, HVAC systems are closely monitored and controlled from remote locations. Real time monitoring, predictive maintenance, remote diagnostics, system adaptation, continuous comfort, increased efficiency, focus on user experience are some of the features of IoT enabled HVAC equipment. According to Emerson Climate Technologies, 33 percent of thermostats, a device that automatically regulates temperature sold in 2014 were Wi-Fi-enabled and it is expected to become 75% by 2019.
HVAC And Commercial And Industrial Refrigeration Equipment Market Segmentation:
By Type
1. HVAC Equipment
2. Commercial And Industrial Refrigeration Equipment
By Capacity
1. Small, Medium,
2.Large Subsegments Covered
3.Air-Conditioning Equipment
4.Warm Air Heating Equipment
5.Commercial Refrigeration Equipment
6.Industrial Refrigeration Equipment
7. Others
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. HVAC And Commercial And Industrial Refrigeration Equipment Market Characteristics
4. HVAC And Commercial And Industrial Refrigeration Equipment Market Product Analysis
5. HVAC And Commercial And Industrial Refrigeration Equipment Market Supply Chain
……
21. Key Mergers And Acquisitions In The HVAC And Commercial And Industrial Refrigeration Equipment Market
22. Market Background: Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Manufacturing Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the HVAC And Commercial And Industrial Refrigeration Equipment market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the HVAC And Commercial And Industrial Refrigeration Equipment market are AAON Inc, Carrier Corp., Daikin Industries, Danfoss Group, Emerson Electric Company
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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