Press release
HVAC Market Anticipated to Garner Significant Growth of USD 287.33 Billion By 2030, Size, Share, Trends, Opportunities, Key Drivers, and Revenue Forecast
Global HVAC Market size was valued at USD 198.01 Billion in 2021 and is projected to reach USD 287.33 Billion by 2030, growing at a CAGR of 7.12 % from 2022 to 2030.HVAC stands for Heating, Ventilation, and Air Conditioning. It refers to the technology, systems, and equipment used for controlling the indoor environment, including temperature, humidity, air quality, and airflow. HVAC systems are commonly used in residential, commercial, and industrial buildings to provide a comfortable and healthy indoor environment for occupants.
The heating component of an HVAC system is typically provided by a furnace, boiler, or heat pump that heats air or water, which is then distributed throughout the building via ducts or pipes. The ventilation component involves the exchange of indoor and outdoor air to maintain air quality and regulate moisture levels. This can be achieved through natural ventilation, such as windows and vents, or mechanical ventilation, such as fans and air handlers. The air conditioning component of HVAC systems typically involves the use of refrigerants to cool and dehumidify the air, which is then distributed throughout the building.
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Key Players: Daikin Industries, Johnson Controls, Carrier, Trane technologies, LG Electronics, Emerson Electric, Honeywell Inc, Mitsubishi Electric Corp, Nortek Air Management, Samsung Electronics
HVAC systems are critical for maintaining indoor comfort and health, and they can also have a significant impact on energy consumption and environmental sustainability. As a result, there are various regulations and standards in place to ensure that HVAC systems are designed, installed, and maintained to provide safe, efficient, and sustainable indoor environments.
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Global HVAC Market Segmentation
By Implementation
Retrofit
New Construction
By Heating Equipment
Heat Pumps
Furnaces
Unitary Heaters
Boilers
By Ventilation Equipment
Air Handling Units
Filters & Humidifiers
Ventilation Units
Dehumidifiers
Air Purifiers
Other Equipment
By Cooling Equipment
Unitary Air Conditioners
VRF Systems
Chillers & Coolers
Air Conditioners
By Application
Residential
Commercial
Industrial
By Region
North America (US, Canada, Mexico);
Europe (UK, Germany, France, Italy, Spain, Rest of Europe);
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific);
Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa);
South America (Brazil, Argentina, Rest of South America);
Table of Content (TOC):
Chapter 1 Introduction and Overview
Chapter 2 Industry Cost Structure and Economic Impact
Chapter 3 Rising Trends and New Technologies with Major key players
Chapter 4 Global HVAC Market Analysis, Trends, Growth Factor
Chapter 5 HVAC Market Application and Business with Potential Analysis
Chapter 6 Global HVAC Market Segment, Type, Application
Chapter 7 Global HVAC Market Analysis (by Application, Type, End User)
Chapter 8 Major Key Vendors Analysis of Water Heater Market
Chapter 9 Development Trend of Analysis
Chapter 10 Conclusion
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