openPR Logo
Press release

Commercial HVAC Market To Attain USD 170.2 Billion By 2030

03-13-2024 12:22 PM CET | Logistics & Transport

Press release from: Market Research Future

Commercial HVAC Market

Commercial HVAC Market

Commercial HVAC Industry Overview:

The study documents by MRFR state that the Commercial HVAC Market Research Report Information by Heating Type, Application, Ventilation Type, Implementation Type, Cooling Equipment, and Region - Forecast Till 2032, the Commercial HVAC market is likely to grow considerably throughout the valuation period from 2022 to 2032 at a notable CAGR of nearly 7.34%. The research reports provide predictions regarding the global market's rising revenue data, which is anticipated to acquire a market worth of USD 170.2 Billion by the end of 2032. The reports also tell that the market will be worth nearly USD 87.4 Billion in 2022.

 A commercial HVAC system is utilized to streamline the temperature of a building's interior. It also supports the filtration and cleaning of indoor air to preserve humidity levels. The thermostats, evaporators, dampers, compressors, condenser fans, and blowers are all part of a commercial HVAC system. The Commercial HVAC market has recently advanced.

The main feature causing a rise in market performance is the rising number of data centers. Furthermore, the growing requirement for HVAC systems to reduce energy usage is also considered to be one of the crucial aspects causing a surge in the performance of the global market. Moreover, factors such as rising disposable per capita income, urbanization, and government tax and rebate programs are propelling the worldwide market forward.

Get Free Sample PDF Brochure:

https://www.marketresearchfuture.com/sample_request/7969

Competitive Analysis:

Panasonic
Edison Heating and Cooling
Mitsubishi Corporation
Farina Corporation
Samsung Electronics Co. Ltd
Johnson Controls
Daikin Industries Ltd
Ingersoll Rand
Haier Electronics Group Co. Ltd
Lennox International Inc

Segment Analysis:

The global market for Commercial HVAC has been segregated into various segments based on Heating Type, Application, Ventilation Type, Implementation Type, Cooling Equipment, and Region.

Based on the Heating Types, the global market for Commercial HVAC is divided into Unitary Heaters, Furnaces, Boilers, and Heat pumps. 

Based on the Ventilation Types, the global market for Commercial HVAC is divided into Air Handling Units, Ventilation Fans, Air Purifiers, Dehumidifiers, and Humidifiers.

Based on the Implementation Types, the global market for Commercial HVAC is divided into VRF systems, Cooling Towers, Room Air Conditioners, Coolers, chillers, and Unitary Air Conditioners. 

Based on the Cooling Equipment, the global market for Commercial HVAC is divided into Retrofit and New Construction.

Based on the application, the global market for Commercial HVAC is divided into Restaurants, Large And Small Offices, Shopping Malls, Hospitals, and Others. 

Buy Now Premium Research Report:

https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=7969

Market USP Covered:

Market Drivers:

The Commercial HVAC market has recently advanced. The main feature causing a rise in market performance is the rising number of data centers. Furthermore, the growing requirement for HVAC systems to reduce energy usage is also considered to be one of the crucial aspects causing a surge in the performance of the global market. Moreover, factors such as rising disposable per capita income, urbanization, rising number of data centers, and government tax and rebate programs are propelling the worldwide market forward.

Market Restraints:

However, several parameters may impede Commercial HVAC's performance in the global market. One of the main parameters limiting the development of the market is the elevated prices associated with raw materials.

COVID-19 Analysis:

The commercial HVAC market has been negatively impacted by the pandemic. Governments of different countries have implemented lockdown that has resulted in the shutdown of factories in different provinces and cities in the world thus resulting in predictions of sharp slowdown in the output from commercial to industrial sector. The construction industry worldwide once thriving with growing investments has been impacted adversely by the suspension of construction activities owing to the ongoing pandemic. Besides, shortage of labors and prospective supply chain bottlenecks of equipment and materials is likely to cause project delays in the ongoing funded projects that may cause reduced spending in the years ahead.

Browse In-depth Market Research Report on Commercial HVAC Market :

https://www.marketresearchfuture.com/reports/commercial-hvac-market-7969

Regional Analysis:

By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World.

The data reports by MRFR state that The Asia-Pacific Region ensured the primary spot across the Commercial HVAC market in 2021. The region has substantial development participants, such as China, India, and Indonesia. The primary parameter causing a surge in the performance of the regional Commercial HVAC market is the increase in urbanization and government initiatives to guarantee that energy-efficient HVAC systems are deployed in newly constructed office buildings. Furthermore, factors like commercial construction and growing industrialization are also likely to boost the development of the regional market over the coming years.

The North American region is estimated to grow at the highest pace across the Commercial HVAC market over the assessment period. The region has substantial development participants, such as the U.S., Canada, and Mexico. The primary parameters causing a surge in the performance of the regional Commercial HVAC market are the use of energy-efficient cooling systems and the rising average construction spending.

Related Reports:

Industrial Chain Market- https://www.marketresearchfuture.com/reports/industrial-chain-market-12397

Port Equipment Market - https://www.marketresearchfuture.com/reports/port-equipment-market-12402

Industrial Machinery Equipment and Tools Market- https://www.marketresearchfuture.com/reports/industrial-machinery-equipment-tools-market-12404

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: mailto:sales@marketresearchfuture.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Commercial HVAC Market To Attain USD 170.2 Billion By 2030 here

News-ID: 3427517 • Views:

More Releases from Market Research Future

Pet Food Market: Meeting Growing Demand through Innovation and Quality Nutrition …
Pet Food Market Outlook The pet food market is witnessing significant growth fueled by rising pet ownership, increasing humanization of pets, and growing awareness of pet health and nutrition. Market Research Future provides insight into this dynamic industry, projecting substantial expansion driven by innovation, product diversification, and evolving consumer preferences. Market Size and Growth Valued at approximately USD 80 billion in 2023, the pet food market is expected to sustain a robust growth
Manufactured Housing Market Forecasted to Grow at 5.8% CAGR by 2034
Manufactured Housing Market Forecasted to Grow at 5.8% CAGR by 2034
The global manufactured housing market is experiencing a significant period of growth, driven by a convergence of economic, social, and technological factors. The global manufactured housing market was valued at USD 221.30 billion in 2024 and is projected to grow from USD 234.19 billion in 2025 to USD 389.72 billion by 2034. This reflects a compound annual growth rate (CAGR) of 5.8% during the forecast period (2025-2034). This momentum is
Process Gas Compressors Market to Grow at 3.37% CAGR Amid Rising Infertility Rates from 2024 to 2032
Process Gas Compressors Market to Grow at 3.37% CAGR Amid Rising Infertility Rat …
The process gas compressors market is a vital segment of the industrial machinery industry, driven by the need to increase the pressure and density of various gases for a wide range of applications. The market is projected to experience steady growth, primarily fueled by global energy demand, expanding industrial sectors, and technological advancements. Get Sample @ https://www.marketresearchfuture.com/sample_request/40259 Market Overview and Segmentation Process gas compressors are mechanical devices that increase the pressure of a
Industrial Ovens Market to Reach USD 8.83 Billion by 2034, Growing at 2.9% CAGR
Industrial Ovens Market to Reach USD 8.83 Billion by 2034, Growing at 2.9% CAGR
The industrial ovens market is a crucial component of the global manufacturing sector, providing essential thermal processing solutions across a wide range of industries. These ovens are utilized for various applications, including curing, drying, baking, heat treating, and sterilizing, and they play a vital role in ensuring product quality, consistency, and efficiency. The market's growth is driven by several key factors, including rapid industrialization, technological advancements, and the increasing demand

All 5 Releases


More Releases for HVAC

Fusion HVAC & Appliance Repair Expands Emergency HVAC Services for NYC Homeowner …
24/7 Rapid Response Team Ensures Fast, Reliable Heating and Cooling Repairs Across New York City Manhattan, NY - Fusion HVAC & Appliance Repair [https://fusionhvacappliance.repair/], a leading provider of residential and commercial HVAC services, has announced the expansion of its emergency repair services to better serve homeowners and businesses in New York City. With round-the-clock availability, expert technicians, and a commitment to customer satisfaction, the company ensures that HVAC and essential
HVAC Repair Near Me: A Comprehensive Guide to Quality HVAC Services
Having a reliable HVAC system is essential for maintaining comfort in your home, especially during extreme weather. From routine maintenance to emergency repairs, knowing where to find HVAC repair near me ensures your system operates efficiently year-round. In this guide, we'll explore various HVAC services near me [http://fosterpandh.com/], their importance, and how Foster Plumbing & Heating can address your needs. Why HVAC Systems Are CrucialThe Role of HVAC in Your Home HVAC
The HVAC Pump Market: Unlocking Efficiency of The Heart of HVAC Systems
When it comes to maintaining comfortable temperatures in our homes, offices, and industrial spaces, we often take it for granted that our heating, ventilation, and air conditioning (HVAC) systems work seamlessly in the background. But behind the scenes, there's a critical component that plays a pivotal role in ensuring our spaces are cool in the summer, warm in the winter, and well-ventilated year-round - the HVAC pump. The Workhorse of HVAC
"Driving the HVAC Industry: Exploring the Growing Market of HVAC Actuators"
HVAC actuators are crucial components of heating, ventilation, and air conditioning (HVAC) systems. They control the movement and position of various HVAC components, such as dampers, valves, and diffusers, to maintain the desired temperature and air quality in a building. The global hvac actuators market size was valued at $3.9 billion in 2021, and is projected to reach $6.2 billion by 2031, growing at a CAGR of 4.6% from
EDS's All-New HVAC Software Puts a Twist in the HVAC Industry
It's an expensive deal to keep a home warm, cool, and power rightly all the time. And it is a tedious job for the HVAC equipment providers to provide the right-sized HVAC solution without accurate heat or cooling load calculation. To address the challenges of the HVAC service providers, today, Energy Design Systems (EDS), a pioneered HVAC engineering solutions provider, has introduced EDS - a powerful HVAC software. Today, Energy
Automotive HVAC Technology Market 2018 by Type(Manual HVAC Systems, Automatic HV …
Automotive HVAC Technology MARKET The market research report on the Global Automotive HVAC Technology Market presents an in-depth information about the various aspects of the market, on both global and regional scales, which provides a better understanding of the present market landscape. The growth of the Automotive HVAC Technology market has been driven by the soaring demand for Automotive HVAC Technology in the well-established and emerging regions, current technological advancements, and the