Global HVAC Equipment Market Research Report 2021 Professional Edition

The global HVAC Equipment market is expected to reach USD 2,64,504.9 million by the end of 2026.

Infinity analysts forecast the global HVAC Equipment market to grow at a CAGR of 4.7% during the forecast period, according to their latest market research report.

HVAC equipment is fitted in residential and commercial settings for the regulation of indoor air and providing comfort to inhabitants. The HVAC units and systems are an essential component in humid tropical countries to offer relief to residents and industrial workers from high temperatures.

Top key players @ Carrier, Johnson Controls, DAIKIN INDUSTRIES, Ingersoll Rand, and LG Electronics

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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The rise in the installation of HVAC equipment in residential settings and increasing demand for commercial enterprise applications of HVAC equipment are the influential primary factors that would bolster the growth prospects of the market during the forecast period. The federal mandate issued in several countries to maintain a habitable environment for workers during operations of large-scale machinery have compelled several industries to rethink their strategy for air conditioning and heat ventilation. The growth in the construction of energy-efficient smart homes that operates at optimum cooling temperature without much manual intervention has also improved the growth prospects of the HVAC Equipment. The rapid development of automated, energy-efficient HVAC solutions would offer key manufacturers with new opportunities for business expansion during the forecast period.

The massive implications of the Internet of Things (IoT) and Building Information Modeling (BIM) in the HVAC industry have also revolutionized innovation in products. As always, the energy consumption levels of HVAC equipment and its optimization is put to the forefront of HVAC systems’ integration with IoT technology, aiming to offer unique strategies to improve the cost-savings initiative. The BIM modules have highly assisted designers in the initial outline and verification of ductwork and other pipelines in a new structure, eliminating any potential collision between objects and systems. The integration of BIM has helped HVAC installers avoid bottlenecks during the construction phase by allaying all design concerns in the initial planning phase instead.

The ongoing implications of Covid-19 have affected the HVAC equipment industry as well. While the use of HVAC equipment has been declared safe by almost all major health organizations and associations, the spread of the virus has compelled many HVAC manufacturing units to operate at half strength following the social distancing norms. The gradual reopening of the world economy would, however, help resume product deliveries around the globe. Moreover, the regulation of air in hospitals and pharmaceutical facilities using HVAC systems would provide ideal possibilities of product application to many manufacturers.

TABLE OF CONTENT:
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 United States
6 Europe
7 China
8 Japan
9 Southeast Asia
10 India
11 Central & South America
12 International Players Profiles
13 Market Forecast 2019-2025
14 Analyst’s Viewpoints/Conclusions
15 Appendix

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This release was published on openPR.