Global HVAC Equipment Market
HVAC technology provides acceptable indoor air quality and thermal comfort for both indoor and outdoor environments. In residential buildings like apartment complexes, senior living facilities, hostels, single-family houses, medium to large industrial buildings, hospitals, skyscrapers, vehicles, trains, submarines, and ships, HVAC plays a significant role. Heating equipment efficiently creates the appropriate heating environment. In order to satisfy the energy needs of industrial and commercial customers and comply with green technology/process regulations, the HVAC industry strives to offer affordable equipment.
HVAC equipment market size was valued at USD 106.7 billion in 2021. It is expected to reach USD 206.4 billion by 2030, growing at a CAGR of 7.6% during the forecast period 2022-2030.
The use of HVAC systems in all new buildings and construction sites is now required in a number of localities. The local temperature and weather have an impact on how HVAC systems are used. Rising urbanisation and the introduction of HVAC systems that are energy-efficient are two reasons that are driving the market. Governments from all around the world are implementing rebate programmes and incentive programmes to promote the use of energy-efficient HVAC equipment. The demand for HVAC equipment is quickly growing as a result of rising building spending and rising disposable incomes in major economies.
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Global HVAC Equipment Market: Major Players
Ingersoll Rand Inc
Fujitsu Ltd
Daikin Industries, Ltd
United Technologies Corporation
Johnson Controls
Mitsubishi Electric Corporation
Lennox International
AAON Inc
LG Electronics
Midea Group Co., Ltd
Global HVAC Equipment Market: By Types
Heating
Air Conditioning
Ventilation
Global HVAC Equipment Market: By Applications
Residential
Commercial
Industrial
Global HVAC Equipment Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global HVAC Equipment market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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The study aims to provide actionable insights and outlook on global / regional market growth estimates on the basis of past growth analysis and the present HVAC Equipment market environment. The verified information in the study is based on findings from in-depth primary and secondary research. Regional analysis of the global HVAC Equipment market reveals a wealth of unrealized potential in local and regional markets. Users can assess business shares analysis, new product lines, the potential for NPD in new markets, pricing tactics, innovation opportunities, and much more with the help of detailed company profiling.
Frequently Asked Questions
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