Global HVAC Equipment Market was valued at USD 181.75 Billion in 2021 and is expected to reach USD 278.75 Billion by the year 2028, at a CAGR of 6.3%.
A technology system called heating, ventilation, and air conditioning (HVAC) is employed to supply the building with cooling, ventilation, and heating capabilities. Buildings can be heated locally or centrally with the use of heating appliances like heaters, furnaces, and heat pumps. Of order to control the temperature in a building, ventilation appliances modify or replace the air. Appliances for air conditioning are used to chill interior air for thermal comfort.
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The emphasis on energy efficiency is increasingly changing throughout the HVAC business. To save money and cut greenhouse gas emissions, a number of OEMs are concentrating on green projects. As a result, there has been a change in favour of eco-friendly HVAC systems in recent years. This covers items that are energy-efficient and utilise renewable sources.
Top Key Players Covered In HVAC Equipment Market:
Carrier Corporation (US),Goodman Manufacturing Company L.P. (US),Rheem Manufacturing Company (US),Daikin Industries Ltd (Japan),Emerson Electric Co (US),HitachiLtd. (Japan),Johnson Controls International (Ireland),Lennox International Inc. (US),Trane Technologies (US),York (US),American standard (US),Daikin (Japan),Ingersoll Rand (US),LG Electronics (South Korea),United Technologies (US),Electrolux (Sweden),Lennox (US),Nortek (US) and Other Major Players.
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Segmentation of HVAC Equipment Market:
By System Type: -
- Heating cooling split systems
- Hybrid split system
- Duct free
- Others
By End User: -
- Residential
- Commercial
- Industrial
Market Segment by Regions: -
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
Competitive Landscape:
The global heating, ventilation and air conditioning (HVAC) market is moderately concentrated. Market players have implemented sustainable growth techniques in the market. To strengthen their position in the market, some of the leading competitors are pursuing various growth methods such as mergers, acquisitions, collaborations, and agreements.
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players.
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