openPR Logo
Press release

HVAC Centrifugal Compressors Market to be Dominated by Chillers Reaching over USD 700 Million by 2024

03-08-2018 03:30 PM CET | Industry, Real Estate & Construction

Press release from: marketstudyreport.com

/ PR Agency: marketstudyreport.com
HVAC Centrifugal Compressors Market to be Dominated by Chillers

MarketStudyReport.com Adds New “Global HVAC Centrifugal Compressors Market research report for the period of 2017 – 2024 to its research database covering information and data by Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast spreading across 220 Pages with table and figures in it.

The global HVAC Centrifugal Compressors Market will cross USD 1 billion by 2024, according to a new research report.

Increasing commercialization, improving government finances and public funding in economies including India, Mexico, and South Africa will provide strong business outlook for HVAC centrifugal compressors industry. Rise in consumer purchasing power and economic growth in these countries expected to propel construction of new shopping malls and hotel chains over the forecast period.

Increasing adoption of cost effective measure to reduce global energy consumption and carbon footprint will trigger systems replacement demand. As per industry estimates, over 85% of U.S. buildings are air conditioned, therefore substitution of new systems with enhanced technology will support HVAC centrifugal systems market growth.

Depleting natural energy resources and the constant global warming challenge putting pressure on manufacturers to launch products that meet the international standards as well as contribute towards environmental sustainability. Companies are expected to invest in new product developments to comply with stringent energy standards implemented by the regulatory bodies.

Chillers application is expected to value over USD 700 million by 2024. Hotels, shopping malls, commercial offices and hospitals are major application areas. Strategic government initiatives to promote economic cooling solutions, coupled with rising environmental concerns, will stimulate HVAC centrifugal systems penetration rate. Implementation of certification programmes such as Leadership in Energy and Environmental Design (LEED) certified buildings will positively impact the industry expansion.

Get sample Copy of this report: https://www.marketstudyreport.com/request-a-sample/859977/?utm_source=OPR-SL

Consistently rising demand for chillers and heat pumps to keep buildings at ideal temperature, is a key factor driving HVAC centrifugal compressors market growth. Aspects such as technological advancements and increasing necessity for energy efficient systems to reduce overall cooling time are among key factors fueling industry penetration.

Heat pumps for industrial application accounted for over 70% industry share in 2016. Increasing demand for renewable energy sources along with government support through subsidies will propel the HVAC centrifugal systems growth. Shift in industry concern towards GHG emission effects from conventional warming equipment is the key factor supporting product application scope. Increasing popularity of heat pumps over conventional warming systems likely to foster segment growth.

Asia Pacific chillers market is expected to hold over 50% market share by 2024. Escalating demand for centralized cooling systems supported by large consumer base will drive regional HVAC centrifugal systems market. The region accounts for over 60% of the world population and increasing infrastructural development will provide lucrative opportunities for manufacturers over the forecast period.

MEA is expected to witness noteworthy growth over the forecast period. Increasing industrial and commercial spending in emerging countries mainly Saudi Arabia, Qatar, and Kuwait influencing HVAC centrifugal systems market. Government focus to boost regional tourism sector competitiveness driving rapid construction of hotels, supermarkets, sports, cinema, and recreational multiplexes. These factors are expected to propel regional industry growth.

Global industry share is fragmented in nature. Major players include Atlas Copco, Danfoss, Hitachi, Mitsubishi Heavy Industries, and SKF. Other key industry participants are Howden Group, Celeroton, Ingersoll Rand, GFA Compressors, and Elliott Group. Superior products offering, economical compressor technology and after sales service are the major concern areas for the manufactures. Thus, manufacturers are expected to enhance their technical expertise to gain competitive advantage over the forecast period.

Get Discount on this Report: https://www.marketstudyreport.com/check-for-discount/859977/?utm_source=PAID-SL

Growth drivers:
• Global increase in construction spending
• Rising demand for telematics HVAC Centrifugal Compressorss in the U.S.
• Rapid urbanization in the U.S.
• Growing demand for HVAC Centrifugal Compressorss in the utility sector in Europe and Asia Pacific
• Rapid infrastructure development in BRIC countries
• Growing urbanization and safety concerns in India

HVAC Centrifugal Compressors market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue and volume in USD and Units from 2013 to 2024, for the following segments:
HVAC Centrifugal Compressors Market, By Product

Mobile HVAC Centrifugal Compressors
• Truck Loader HVAC Centrifugal Compressors
• Rough Terrain HVAC Centrifugal Compressors
• All Terrain HVAC Centrifugal Compressors
• Crawler HVAC Centrifugal Compressors

Fixed HVAC Centrifugal Compressors
• Monorail HVAC Centrifugal Compressors
• Stiffleg HVAC Centrifugal Compressors
• Tower HVAC Centrifugal Compressors
• Gantry HVAC Centrifugal Compressors

HVAC Centrifugal Compressors Market, By Application
Chillers
• Commercial
• Industrial
Heat Pumps
• Commercial
• Industrial

The above information has been provided on a regional and country basis for the following:

North America: U.S., Canada
Europe: Germany, UK, France, Italy, Russia, Spain, Poland, Sweden, Switzerland.
Asia Pacific: China, India, Japan, Australia, Malaysia, Indonesia, Thailand, South Korea, Vietnam.
Latin America: Brazil, Mexico, Argentina
Middle East & Africa (MEA: Saudi Arabia, Qatar, Kuwait, UAE, South Africa

Related Report:
Broth Market Size By Type (Shelf Stable [By Product {Beef, Poultry, Vegetable}, By Distribution Channel {Multi Outlet, Specialty Gourmet Channel}], Refrigerated [By Product {Beef, Poultry, Vegetable}, By Distribution Channel {Multi Outlet, Specialty Gourmet Channel}]), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Russia, Poland, China, South Korea, Japan, Australia, Malaysia , Thailand , Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 - 2024

Refrigerated broth market is anticipated to witness growth over 4% up to 2024. Increasing demand for chilled and frozen packaged food products that can be stored for longer duration supporting segment growth. Factors such as high preservation, enhanced shelf life and food safety concern during transportation are expected to influence refrigerated products demand.

Read more at https://www.marketstudyreport.com/reports/broth-market/?utm_source=RR-SL

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Market Study Report
The Green Suite #4594,
Dover, DE 19901
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
News: https://www.marketstudyreport.com/category/news-releases/

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 HVAC Centrifugal Compressors Market to be Dominated by Chillers Reaching over USD 700 Million by 2024 here

News-ID: 970552 • Views: 190

More Releases from marketstudyreport.com

Clinical Laboratory Services Market By Regional Trend & Growth Forecast 2019-202 …
Market Study Report recently introduced new title on “Global Carbon Black Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2025. The Latin America breast pump market accounted for more than 12% revenue share in 2018 and is assessed to witness a significant CAGR by 2025. This is due to the development in healthcare facilities
Sleep Apnea Devices Market - Growth, Trends, and Forecast (2019 - 2025)
Market Study Report recently introduced new title on “2019-2025 Global Sleep Apnea Devices Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2025. Technological advancements in sleep apnea devices is a major market growth augmenting factor. Hypoglossal Nerve Stimulation (HNS), is a completely novel approach for treating obstructive sleep apnea. Moreover, growing alcohol intake in
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Industrial IoT (IIoT) Market trends? Rockwell Automation, ABB …
A detailed study on ‘Industrial IoT (IIoT) Market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors

All 5 Releases


More Releases for HVAC

HVAC Monitoring Saves School Building Significant Costs
Wireless Data Logging System Monitors Energy Usage in Real-Time CAS DataLoggers supplied the wireless data logging solution for a middle school maintenance supervisor who needed to perform power factor correction on the building’s HVAC system before winter arrived. The school needed a lightweight yet affordable HVAC monitoring system that could connect to most available power meters to measure the system’s pulse output. The supervisor also needed this device to be compatible
Mega Clima Iraq HVAC Expo 2019
4th Iraq Hvac Expo 2019: International Air Conditioning & Refrigeration Exhibition is organized by Elan Expo will take place on 25-27 April 2019 at Baghdad International Fair Ground at Baghdad, Iraq. IRAQ – THE MEETING POINT OF MANIFACTURERS In recent years, Iraq is one of the most preferable states in the construction sector through the Middle East. International investors are inclined to make investment to the country which is very rich
HVAC Centrifugal Compressors Market
The newly released research at Market Study Report titled “2017-2024 Global HVAC Centrifugal Compressors Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years. HVAC Centrifugal Compressors Market is estimated to exceed USD 1 billion by 2024; according to a new research report. Chillers application is expected to value over USD 700 million by 2024. Hotels, shopping malls, commercial offices and hospitals are
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
HVAC Controls - Global Market Outlook (2017-2026)
Global HVAC Controls market is accounted for $11.92 billion in 2017 and is expected to reach $41.09 billion by 2026 growing at a CAGR of 14.7% during the forecast period. Rising acceptance of Internet of things (IoT) in the HVAC Industry, increasing demand for building automation systems and growing implementation of smart devices are some of the key factors fueling the market growth. However, lack of awareness regarding the benefits
HVAC Company offers Quality HVAC Services in Tulsa, Ok
Tulsa, Ok – SEPTEMBER 13, 2018–Finding the right HVAC services can be difficult for anyone. You want to hire a company that is qualified and will complete the job right the first time. The company that you are looking for needs, to be honest, and trustworthy as well. They are, after all, coming to your home. Wortman Central Air in Tulsa Oklahoma is the diverse, qualified and