Research Reports

Miscellaneous

icon
Home » Reports » Heat Ventilation And Air Conditioning Hvac Equipment Market Global Demand Analysis Opportunity Outlook 2021
Market Research Report

Heat, Ventilation and Air-Conditioning (HVAC) Equipment Market : Global Demand Analysis & Opportunity Outlook 2021

Published On : 08:53 AM, 4th October, 2018 REP-ID-58 Category: Miscellaneous

Heat, ventilation and air-conditioning (HVAC) systems are used to perform proper heating or cooling inside commercial/industrial and residential buildings. These systems are also used to maintain proper circulation of fresh air inside the buildings in order to curb the growth of moulds, bad odour and other contaminants.

The global HVAC market is anticipated to reach USD 69.0 Billion by 2021, exhibiting a compound annual growth rate (CAGR) of 4.4%. Regionally, the global HVAC market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and North Africa (MENA) and Rest of World (Row). 

Market Segmentation

By Equipment Type

  • Heating (Furnaces, heat pumps, boilers and unitary heaters)
  • Ventilation (Humidifier/Dehumidifiers, Ventilation Fans/Air Pumps)
  • Air-conditioning (Unitary air conditioners, room air conditioners, coolers and others)

By End-User

  • Residential
  • Commercial/Industrial

Growth Drivers and challenges

Rapid upsurge of global population coupled with expanding industrial units is anticipated to be a key driver of the global HVAC market during the forecast period i.e. 2015-2021.

In addition to that, rising income levels of population in emerging markets and government regulation to ensure proper energy level inside buildings is also expected to augment the development of HVAC market in future.

However, lack of knowledge and cost barriers might hamper the growth of global HVAC market over next few years.

Market Size and Forecast

With 51.2% share in 2015, Asia-Pacific held the largest HVAC market across the globe. HVAC market in the region is further envisioned to bolster at a sturdy CAGR of 7.1% over the forecast period i.e. 2015-2021. The market is expected to escalate from strengthening economic growth in countries such as China and India. China is one of the largest HVAC providers in Asia-Pacific region.

North America and Europe are also anticipated to witness a robust growth in HVAC market over next 4-5 years, sparked by increasing developments of green buildings, which ensure proper maintenance of HVAC systems inside the buildings.

Key Players

Global HVAC market includes some of the top players including Daikin Industries, Johnson Controls, Ingersoll-Rand, AB Electrolux, Nortek, Samsung, Siemens, L.G., etc.

Things to know

SELECT LICENSE TYPE

KEY BENEFITS

  • DIRECT ANALYST ASSISTANCE

    Direct access to analyst to help you understand the market in a better way to handle your critical question

  • CUSTOMIZE AS PER YOUR NEED

    Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved

  • DISCOUNT ON CUSTOMISATION

    Get 10% free customization

  • QUALITY ASSURED

    Great focus on accuracy and quality of the research

Connect With Us

Call us

(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495
Email: info@researchnester.com

RELATED REPORTS

Delivery Center

Ansal Corporate Park, Plot no 7A/1,
Tower A1,
Sector 142 Noida., 201301 India
info@researchnester.com

US Office

77 Water Street 8th Floor,
New York, New York, 10005
Phone : +1 646 586 9123
info@researchnester.com

Canada (Toronto)

Phone : +1 437 889 3230
info@researchnester.com


UK Office (London)

Phone : +44 203 608 5919
info@researchnester.com

Subscribe To Our Newsletters

Copyright © 2018 Research Nester. All rights reserved

Top