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HVAC Market Driving Factors by Manufacturers Type and Application 2018

HVAC Market Competitive Analysis, Trends and Forecast till 2023, with free sample copy of the Research Report
Published 19 July 2018
“Global HVAC Market Research 2018-2021” The report covers the present scenario and the growth prospects of the global HVAC market for 2017-2021. To calculate the market size, the report includes the market segmentation based on HVAC equipment and services, end-users (residential and non-residential), and geography.

Our analysts forecast the Global HVAC market to grow at a CAGR of 5.24% during the period 2018-2021

HVAC systems are used to ventilate and filter the air in residential and non-residential spaces to maintain thermal balance. Various components used in these systems are heat exchangers, pumps, and fans. These systems control and regulate the temperature and humidity levels. The type of HVAC system required is determined by the indoor and outdoor air quality. One of the key factors that is driving the demand for HVAC systems is the rapid growth of the construction sector and real estate markets worldwide. Most of the newly constructed, modern buildings have been employing energy-efficient HVAC systems. In addition, urbanization and industrialization have been on the rise in developing countries. This has resulted in an increase in the number of factories, manufacturing units, commercial buildings, and residential complexes that have been using HVAC systems.

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The market is divided into the following segments based on geography: Americas, APAC, EMEA

Key vendors in this market are- Carrier Corporation, DAIKIN INDUSTRIES, Ingersoll Rand, Johnson Controls, and LG Electronics.

Other prominent vendors are- ELECTROLUX, Bosch Thermotechnik, FUJITSU, Midea Group, GREE ELECTRIC APPLIANCES, Haier, Hitachi, Lennox International, Nortek, and SAMSUNG.


Essential points covered in Global HVAC Market 2018 Research are:-
  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the Global HVAC market?
  • What are the key market trends impacting the growth of the Global HVAC market?
  • What are the challenges to market growth?
  • Who are the key vendors in the Global HVAC market?
  • What are the market opportunities and threats faced by the vendors in the Global HVAC market?
  • What are the key outcomes of the five forces analysis of the Global HVAC market?
This independent 70 pages report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the HVAC market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
The HVAC market analysts at industrydataanalytics have also considered how the performance of other related markets in the vertical will impact the size of this market through 2021. Some of the markets most likely to influence the growth of the HVAC market over the coming years are the packaged air conditioner market and the global smart room heater market.

 Furthermore, the report provides a detailed analysis of the Global HVAC market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.

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https://www.industrydataanalytics.com/global-hvac-market-2017-to-2021-tech00989-p.php

IndustryDataAnalytics Announces the Publication of its Research Report: Global HVAC Market 2018-2021 

Commenting on the report, an analyst from IndustryDataAnalytics team said: One trend in market is rise in incorporation of building automation systems. BASs, which control and monitor HVAC and other facilities of a given building, are embedded with computing and digital communication tools that allow these systems to enhance energy efficiency. The number of integrated BAS installations has increased owing to the rise in the number of construction projects and building retrofits. The BAS technology has advanced features owing to improvements in the sensor technology, availability of cheaper and faster communication systems, and improved user interfaces. ” ””

Market challenge
High market competition
For a full, detailed list, view our report         
 
Market Trends
Rise in incorporation of building automation systems
For a full, detailed list, view our report    

According to the report, one driver in market is growing construction sector. The construction sector plays a major role in driving the demand for HVAC systems. With the increase in construction of commercial and residential buildings, the demand for HVAC equipment and services has been increasing, thereby, driving the growth of the global HVAC market. The construction industry is expanding significantly across the globe. There are a lot of factors leading to the expansion of the construction industry. APAC is the major market for construction and is expected to grow at the highest rate during the forecast period. The primary reason for the growth is the ongoing developments in the infrastructure and real estate sectors in the region. An increase in the trend of green buildings owing to the growing environmental concerns will drive the demand for HVAC systems. Office buildings and high-rise buildings adopt HVAC systems for maintaining the temperature within the building premises. Similarly, residential use of HVAC systems is on the rise, particularly in hot regions such as APAC and the Middle East. Design enhancements in housing constructions and increase in the number of building permits are fueling the increase in demand for ACs.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About us:
Industrydataanalytics provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. Industrydataanalytics has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
+1 (704) 266-3234 | mail to: sales@industrydataanalytics.com
 

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