Press release
HVAC Equipment Market 2021 -2026 SWOT Analysis including key players Daikin Industries, Ltd., Johnson Controls - Hitachi Air Conditioning Company
The Global "HVAC Equipment Market" (2021-2026) report identifies Market Sales by geographical analysis, product type, and product applications. Market research study on HVAC Equipment Market analyses product sales, price, margin, and growth (regionally volume).The HVAC Equipment Market research provides an in-depth analysis of the market's Expansion Drivers, Potential Challenges, Distinctive Trends, and Opportunities for market participants, allowing them to fully appreciate the market's landscape. Market share, stock determinations and figures, contact information, sales, capacity, production, price, cost, revenue, and business profiles are all included inside the research. The HVAC Equipment Market industry report's major goal is to provide key insights on competition positioning, current trends, market potential, growth rates, and a competitive landscape.
The Global HVAC Equipment market is estimated to grow at a CAGR of 4.8 % over the year 2021-2026
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Key Prominent player of HVAC Equipment Market
Daikin Industries, Ltd., Johnson Controls - Hitachi Air Conditioning Company, LG Electronics Inc., Raytheon Technologies Corporation (United Technologies), Emerson Electric Co., Honeywell International, Inc., Mitsubishi Electric Trane HVAC US LLC, Nortek Global HVAC, Danfoss AS, Panasonic Corporation, Haier Inc., Midea Group, Whirlpool Corp
Competitive landscape
February 2020 - Honeywell announced one of the first autonomous building sustainability solutions which evaluate whether a building's HVAC system is running at peak efficiency. Honeywell Forge Energy Optimization is a cloud-based, machine learning solution that regularly studies patterns such as building's energy consumption and automatically adjusts them to optimal energy saving settings without compromising occupant comfort levels.
- January 2020 - LG Air Conditioning Technologies USA announced the installation of its HVAC technologies in The Ebell of Los Angeles, a performance art facility located in Los Angeles, and The Lido Hous, a high-end property located in California. The company said that its Variable Refrigerant Flow (VRF) technology and ducted and duct-free solutions make significant inroads in the United States where the demand for high-performance, flexible HVAC technology continues to grow.
In addition, this report investigates and assesses the impact of the Covid-19 outbreak on the HVAC Equipment, including potential opportunities and challenges, as well as drivers and risks.
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REGIONAL ANALYSIS
North America is Expected to Hold Significant Share
The HVAC industry is expected to move towards smart technologies in North America, as the region is witnessing a massive level of IoT connections. The U.S. Energy Information Administrations' (EIA) Residential Energy Consumption Survey (RECS) provided an estimation that 76 million occupied U.S. homes (64% of the total) engage in the usage of central air-conditioning equipment.
According to the U.S. Census Bureau, the value of construction starts in the United States is estimated to reach USD 135 billion in 2022. Additionally, according to a new forecast from the American Institute of Architects, construction spending is expected to grow through 2019. Based on short-term projections, the U.S. non-residential construction market is anticipated to rise to 2.4% in 2020 compared to the previous year.
Table of Content
Chapter 1. Introduction, market driving forces, product scope, market risk, market overview, and market opportunities for the global HVAC Equipment market are covered in report
Chapter 2: Assessing the technology developments, Innovations in the global HVAC Equipment market,
Chapter 3: Using market share, revenue, and sales to demonstrate the competitive character of significant manufacturers.
Chapter 4: The global HVAC Equipment market is presented by geographies, market share, revenue, and sales forecasts for the next six years.
Chapters 5, 6, 7, 8, and 9 are devoted to analysing the market by segments, countries, as well as revenue share and sales by key players.
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