HVAC And Commercial And Industrial Refrigeration Equipment Global Market Report 2024 - By Size, Share, Trends, Forecast To 2033

"The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2572

The Business Research Company presents an extensive market research report on the HVAC And Commercial And Industrial Refrigeration Equipment Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The hvac and commercial and industrial refrigeration equipment market size has grown strongly in recent years. It will grow from $423.36 billion in 2023 to $448.62 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to urbanization and construction boom, globalization and international trade, demand for air quality solutions, rise in commercial real estate, health and safety regulations.

The hvac and commercial and industrial refrigeration equipment market size is expected to see strong growth in the next few years. It will grow to $554.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to transition to sustainable cooling, rising demand for cold chain logistics, global climate change concerns, energy efficiency and green building standards, economic growth in emerging markets. Major trends in the forecast period include smart and connected hvac systems, advanced refrigeration technologies, decentralized refrigeration systems, adoption of heat pumps, hvac retrofits and upgrades.

Request for free sample report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=2860&type=smp

Key Market Players:
Major companies operating in the hvac and commercial and industrial refrigeration equipment market report are Samsung Electronics Co. Ltd., LG Electronics Inc., Haier Smart Home Co. Ltd., Dacor Inc., Gree Electric Appliances Inc. of Zhuhai, Whirlpool Corporation, BSH Hausgeräte GmbH, Electrolux AB, Hisense Group, Masco Corporation, Groupe SEB, Arçelik A.S., Ashley Furniture Industries Inc., Maytag Corporation, MasterBrand Cabinets Inc., Indesit Company, Candy Group, Man Wah Holdings, La-Z-Boy, Cabinetworks Group, American Woodmark Corporation, GoldenHome International Inc., Fisher & Paykel Appliances Holdings Limited, Hooker Furniture Corp, Standard Furniture, Maiden Home, Symphony Group, Eastvold Furniture, Euro-Rite Cabinets Ltd., Vermont Woods Studios, Bakes & Kropp Fine Cabinetry, Hitachi Appliances Inc., Panasonic Corporation, Qingdao Haier Co. Ltd., Sharp Corporation, Smeg S.p.A., Sub-Zero Group Inc., Toshiba Corporation, Vestel Ticaret A.S., Viking Range LLC

Market Drivers:
The expansion of the construction industry globally is expected to propel the growth of the HVAC and commercial and industrial refrigeration equipment markets in the forecast period. The construction industry refers to the industrial branch of manufacturing and trade related to building, repairing, renovating, and maintaining infrastructure. The construction of new commercial spaces necessitates HVAC systems to maintain indoor comfort, while the residential construction sector drives demand for efficient heating and cooling systems favored by homebuyers and renters for comfort and energy efficiency. For instance, in August 2023, according to a report published by the U.S. Census Bureau, a US-based Federal Statistical System, construction expenditure accounted for $1,938.4 billion in June 2023, indicating a 3.5% increase from the estimated expenditure of $1,873.2 billion in June 2022. Therefore, expanding the construction industry will drive the growth of the HVAC and commercial and industrial refrigeration equipment markets going forward.

Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/hvac-and-commercial-and-industrial-refrigeration-equipment-global-market-report

The hvac and commercial and industrial refrigeration equipment market covered in this report is segmented -
1) By Type: HVAC Equipment, Commercial And Industrial Refrigeration Equipment
2) By Capacity: Small, Medium, Large
3) By Application: Food Processing, Beverage Production, Chemicals and Pharmaceuticals, Petrochemicals, Energy, Logistics

Subsegments Covered: Air-Conditioning Equipment, Warm Air Heating Equipment, Commercial Refrigeration Equipment, Industrial Refrigeration Equipment

The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
Want To Know More About The Business Research Company?

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model"

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

This release was published on openPR.