According to a new market report published by Credence Research Inc., “HVAC Equipment Market (Heating Equipment, Ventilating Equipment, and Air Conditioning Equipment) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the global HVAC (Heating, Ventilating, and Air Conditioning) equipment market is expected to expand at a CAGR of 5.6% from 2015 to 2022, exceeding US$ 125.0 Bn by 2022.
Browse the full HVAC Equipment (Heating Equipment, Ventilating Equipment, and Air Conditioning Equipment) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/hvac-heating-ventilation-and-air-conditioning-equipment-market
Product and Market Insights
HVAC (Heating, Ventilation, and Air Conditioning) equipment are used across commercial, residential, and industrial buildings to control humidity, fresh air intake, air temperature, and quality of the air around. In industrial buildings, HVAC systems play a crucial role in maintaining a clean environment by removing odor and contaminated particles present in the air, thereby keeping the working conditions healthy. The market for HVAC (Heating, Ventilation, and Air Conditioning) equipment is highly matured and is expected to exhibit modest growth over the forecast period 2015 – 2022. The growth is majorly supported by the improved residential construction expenditure across the globe and stringent government regulations promoting the use of energy efficient HVAC solutions.
Competitive Insights:
The global HVAC (Heating, Ventilating, and Air Conditioning) equipment market is highly fragmented with the presence of large number of domestic suppliers. The top four HVAC equipment manufacturers accounted for less than 45 percent of the global market revenue in 2014. Some of the leading players identified in the HVAC equipment market include United Technologies Corporation (Carrier) (the U.S.), Daikin Industries. Ltd. (Japan), Haier Inc. (China), Samsung Electronics Co., Ltd. (South Korea), Panasonic Corporation (Japan), Lennox International Inc. (the U.S.), AB Electrolux (Sweden), LG Corporation (South Korea), and Ingersoll-Rand Inc. (the U.S.). These players have concentrated their efforts on developing cost-effective, energy efficient HVAC systems complying with the green energy regulations. In view of stringent regulations enacted by the governments across the globe, the manufactures have begun introducing eco-friendly systems and are slowly phasing out hydro chlorofluorocarbon- (HCFCs) and chlorofluorocarbon- (CFC)-based systems. Expanding business through strategic alliance and acquisition is one of the major strategies adopted by the market leaders in the HVAC industry. In addition, maintaining healthy association with each participant in the supply chain and offering high quality post sales service is necessary to ensure success in the HVAC industry.
Key Trends:
- Stringent government regulations and standards
a. Montreal Protocol
b. Kyoto Protocol
- Introduction of energy efficient HVAC systems
- Economic stability resulting in improved residential construction expenditure
- Varying environmental conditions
- Trend towards smarter homes
For More Information, List of Figure, Tables And TOC Visit – http://www.credenceresearch.com/report/hvac-heating-ventilation-and-air-conditioning-equipment-market
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Web: Credence Research
Media Contact
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Email: Send Email
Phone: 1-800-361-8290
Address:105 N 1st ST #429
City: SAN JOSE
State: California
Country: United States
Website: http://www.credenceresearch.com/report/hvac-heating-ventilation-and-air-conditioning-equipment-market