HVAC Equipment Market Is Thriving Worldwide, Business Status and Opportunities in Grooming Regions: Edition 2020-2025

The HVAC Equipment market was valued at USD 34.06 billion in 2019and is expected to reach USD 54.05 billion by 2025, at a CAGR of 7% over the forecast period 2020- 2025.Heating, ventilation, and air conditioning (HVAC) systems are finding widespread adoption across various regions, due to the multiple advantages they offer, most notably power-saving techniques.

Major factors driving the market for HVAC equipment in the region include an increase in new households, rising average construction spending, rapid urbanization, and growth in disposable income across several major economies.
The rising requirement from the commercial segment and high demand for HVAC products in the Asia-Pacific region are the other key drivers of the market.

The declining IoT sensor costs are also expected to result in OEMs offering products for a lower and more competitive price, which could indirectly impact the HVAC equipment market.

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Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-

United Technologies Corporation (Carrier), Daikin Industries. Ltd., Haier Inc., Samsung Electronics, Panasonic Corporation, Lennox International Inc., Electrolux AB, LG Corporation, Emerson Electric Company, Carrier Corporation, Danfoss A/S, Uponor Corp, Honeywell International Inc.

Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America) 
Middle East & Africa

Key Market Trends

Heating Equipment to Hold Significant Share

Demand for efficient heating equipment has led to its growth, making it one of the largest contributor to the global HVAC equipment market.

Heating equipment provide the required heating environment in a cost-effective manner. Rapid growth in technology has helped the rise of efficient solutions for verticals to reduce emissions in an economical manner.

End users, like the commercial and residential segments, are using small units of HVAC equipment in the form of packages, in order to satisfy their energy demand. Large complexes are deploying efficient HVAC systems to meet their energy requirements.

Regions, like Asia-Pacific and North America, are leading the global race, as contribution and penetration rate of heating HVAC equipment are rapidly increasing. Countries, like China, Japan, and India, are leading the APAC HVAC equipment market.

The major contributors to the heating equipment market are furnaces and heat pumps, adding value to the demand of the major verticals across the world, followed by boilers and unitary heaters.

North America to Hold Major Share

North America holds the major share in the HVAC equipment market. The demand for HVAC equipment in the United States is forecasted to witness exponential growth. Advancements are likely to result in rapid gains, with rise in the expenditure of construction. Growth in repair investments, as replacement demand, is contributing to the market growth. There is a rising demand for HVAC efficient systems with sophisticated technology. However, federal tax incentives are targeted, due to which high-efficiency systems expired at the beginning of 2016. The effect of this has provided an advantage for homeowners, with better HVAC systems being replaced with smaller units. Moreover, HVAC manufacturers in North America are increasing their focus on manufacturing HVAC systems that provide ease of use, are more energy efficient and eco-friendly.

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Major points covered in this research are:-

─HVAC Equipment Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers

─Global Market Size (Value) of HVAC Equipment (2020-2025)

─Global HVAC Equipment Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2025)

─Global HVAC Equipment Production, Revenue (Value), Price Trend by Type

─Global HVAC Equipment Market Analysis by Application

─Global HVAC Equipment Manufacturers Profiles/Analysis

─HVAC Equipment Manufacturing Cost Analysis

─Industrial Chain, Sourcing Strategy and Downstream Buyers

─Marketing Strategy Analysis, Distributors/Traders

─Market Effect Factors Analysis

─Global HVAC Equipment Market Forecast (2020-2025)

─Competitive Landscape

─Research Findings and Conclusion

Finally, this HVAC Equipment report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent HVAC Equipment product development and gives an outline of the potential Global market.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.