Press release
HVAC Equipment Market Shares SWOT Analysis, Key Development Strategies and Forecasts Till 2026
The HVAC Equipment Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the HVAC Equipment market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the HVAC Equipment market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the HVAC Equipment market.The HVAC Equipment market is expected to grow at a CAGR of 4.7% over the forecast period (2021-2026).
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Top Leading Companies of HVAC Equipment Market are - 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 and others.
Industry News and Updates:
- 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.
Key Market Trends:
Air Conditioning is Expected to Hold Significant Share
- Among HVAC equipment, the air conditioning systems are expected to hold significant market share during the forecast period, owing to energy-efficiency, low installation costs, and ease of maintenance. Various other factors driving the use of air conditioner systems for cooling applications in data centers include increased construction of modular data centers, owing to increased ability to provide computational power and the effectiveness and capacity of these systems to adapt to variations in temperature and humidity.
- The growth of population, and the rapid rise of mobile and other electronic devices, are leading to an increase in data production. The enormous data production, caused by increased internet usage needs the demand for optimal data storage techniques. As more and more data begins to increase energy-efficient, data center power solutions are required. As the data centers are operational 24/7, they can consume a vast amount of electricity. As this electricity is used to power the servers and process all the data, it generates a lot of heat. Therefore, the environment needs to be cooled, or the electrical components will overheat.
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 Administration’s (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. About 13 million households (11%) use heat pumps for heating or cooling. By 2023, all the residential central air-conditioning and air-source heat pump systems sold in the United States will be required to meet the latest energy efficiency standards which are expected to fuel the growth of the HVAC equipment in the region.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- HVAC Equipment Market Size & Analysis (2016 - 2026)
- Market Share Analysis of HVAC Equipment Market (%),2016 - 2026
- HVAC Equipment Market Share, By Brand
- HVAC Equipment Market Share, By Company
- HVAC Equipment Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies HVAC Equipment Market Value Analysis & Forecast
- Promising HVAC Equipment Development by Major Companies
- Detailed HVAC Equipment Portfolio of the Major Companies
- Major Deals in the HVAC Equipment Market
- Major Companies Analysis
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We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
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.
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