Press release
HVAC Packaged Units Market to Reach US$ 75.7 Bn by 2030|
HVAC Packaged Units Market 2021-2030
The global HVAC packaged units market is estimated to expand at a CAGR of around 6% by value over the forecast period of 2020-2030.
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Rapidly growing demand from commercial and residential construction projects and prominence of automation in HVAC systems are some of the vital driving factors for the HVAC packaged units market. Substantial increase in implementation of packaged units, owing to minimal space requirement and efficient operations, is expected to ascend demand for HVAC packaged units over the coming years.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Daikin Corporation, Johnson controls, Midea Group, Carrier Corporation, Panasonic Corporation, Trane Technologies, GREE ELECTRIC APPLIANCES, Mitsubishi Electric, etc and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the HVAC Packaged Units.
Key Takeaways from HVAC Packaged Units Market Study
In recent years, the residential and commercial construction industry has witnessed substantial growth, and this growth is expected to persist over the coming years. In addition, space constraints are expected to boost sales of HVAC packaged units
Consumers are becoming more informed, tech-savvy, and environmentally-aware. There is a growing need of consumers wanting to monitor HVAC systems in real time, and be able to control these systems remotely. This change in behavior will result in increases demand for high-end HVAC packaged units with increased connectivity.
Implementation of smart and environmentally-beneficial HVAC packaged units is giving satisfactory benefits to customers as well as manufacturers. Use of smart technologies in HVAC systems is an emerging trend in the HVAC packaged units market.
North America and East Asia collectively account for nearly one-third share in the global HVAC packaged units market. This can be attributed to the prevalence of a large number of manufacturers coupled with the booming construction industry in these regions.
The commercial segment is expected to witness maximum growth during the forecast period, on the back of increased implementation of HVAC packaged units over split HVAC systems in the commercial sector due to space constraints.
The COVID-19 pandemic is negatively affecting the progress of the HVAC packaged units market, due to lockdowns, trade restrictions, and supply chain disruptions.
“The HVAC packaged units market is growing at a strong pace due to increasing demand from various end-use industries. Leading manufacturers are strategically planning for reduction in production costs and providing cost-effective products and services to customers. Furthermore, focus on providing customized products will also aid market growth,” says a PMR analyst.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
HVAC Packaged Units Market Manufacturers
HVAC Packaged Units Market Distributors/Traders/Wholesalers
HVAC Packaged Units Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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