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Construction Industry Growth Drives Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Market || Johnson Controls International PLC, Gree Electric Appliances Inc., Midea Group co Ltd
Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company's Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Global Market Report 2023 identifies the ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. For instance, according to the International Monetary Fund (IMF), a US-based financial agency, China's gross domestic product (GDP) grew from $17.75 trillion in 2021 to $18.1 trillion in 2022. In addition, the emerging markets and developing economies registered a growth of 3.9% in 2020, which increased to 6.1% in 2022. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth.
The ventilation, heating, air-conditioning, and commercial refrigeration equipment market size has grown strongly in recent years. It will grow from $551.18 billion in 2023 to $587.36 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to energy efficiency regulations, urbanization, replacement cycles, global climate change. The ventilation, heating, air-conditioning, and commercial refrigeration equipment market size is expected to see strong growth in the next few years. It will grow to $741.84 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%
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Major competitors in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market include Johnson Controls International PLC, Gree Electric Appliances Inc., Midea Group co Ltd., Hitachi Ltd., Ingersoll-Rand PLC, Honeywell International Inc., Carrier Corporation, Danfoss GmbH, Atlas Copco AB, Panasonic Corporation., Daikin Industries Ltd., Mitsubishi Electric Corporation.
A key trend in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market includes focus on incorporating wind-free technology into air conditioners to strengthen and enhance their product offerings. Wind-Free technology is an innovative feature in air conditioning systems that aims to provide a more comfortable cooling experience while minimizing direct airflow and enabling market players to provide consumers with a quieter, more comfortable, and more energy-efficient cooling experience. For instance, in February 2023, Samsung Electronics Co. Ltd., a South Korea-based electronics manufacturer specializing in consumer electronics, telecommunications, and home appliances, launched its latest generation of Wind-Free air conditioners in the Indian market. The new lineup includes Wi-Fi-enabled models featuring advanced functionalities such as AI auto-cooling, welcome cooling, motion detection sensors, and voice control.
Read More On The Global Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Report Here: https://www.thebusinessresearchcompany.com/report/ventilation-heating-airconditioning-and-commercial-refrigeration-equipment-global-market-report
The ventilation, heating, air-conditioning, and commercial refrigeration equipment market covered in this report is segmented -
1) By Type: HVAC And Commercial And Industrial Refrigeration Equipment, Commercial Fan And Air Purification Equipment, Heating Equipment (except Warm Air Furnaces)
2) By Capacity: Small, Medium, Large
3) By End-Use: Residential, Commercial, Industrial
4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in The ventilation, heating, air-conditioning, and commercial refrigeration equipment market.
The Business Research Company's "Global Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Include:
1. Executive Summary
2. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Characteristic
3. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Trends And Strategies
4. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market - Macro Economic Scenario
5. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Size And Growth
……………
27. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market
29. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Future Outlook And Potential Analysis
30. Appendix
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