- Rising deployment of HVAC equipment in construction sector in residential and commercial buildings; widespread application in cooling interiors in hot climates; rising adoption of green building offers manufacturers in HVAC equipment market value-grab opportunity
- Integration of IoT and advanced sensors in HVAC systems presents incremental opportunities; Asia-Pacific witnessing tremendous growth opportunities
WILMINGTON, Del., Oct. 26, 2022 /PRNewswire/ — Various types of HVAC systems have been commercialized over the years, propelled by massive deployment of these in commercial buildings. Wide applications of these systems in residential buildings for attaining efficient and cost-effective air conditioning underpins tremendous growth opportunities in the HVAC equipment market. The market is projected to clock a CAGR of 5.8% from 2022 to 2031, the forecast period of the study by TMR.
Revenues of HVAC equipment manufacturers have expanded on the back of widespread demand for energy-efficient products and eco-friendly refrigerants in HVAC systems. Thus, leading players in the HVAC equipment market are reinforcing the role of air conditioning in green buildings constructions. Increasingly, recent developments in the HVAC equipment underscore the trend of commercialization of state-of-the-art HVAC technologies in heating and cooling applications in a wide variety of building interiors.
Request Sample Report at – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1499
Key Findings of HVAC Equipment Market Study
- Tremendous Growth Opportunities from Demand in Construction Sector: The authors of the TMR study on the global HVAC equipment market found that the product demand in the construction sector is rapidly growing. Enormous demand for air conditioning systems in residential, institutional, and commercial buildings has steered sizable lucrative opportunities. The demand has risen in hot climatic conditions.
- Green Building Offers Value-Grab Prospects for HVAC Equipment Manufacturers and Vendors: Worldwide, increasing adoption of green buildings has spurred the prospects of HVAC equipment market. Growing trend of home automation has reinforced the growth prospects. The demand for various cooling equipment is high. The study found that the cooling equipment segment accounted for major market share in 2021.
- Firms Capture Value from Rapid Adoption of Equipment with Smart Tech: A slew of advanced technologies have made way to newly developed products and expanded the avenues in the HVAC equipment market. Mobile technologies, smart sensors, and automated control features have been increasingly integrated with HVAC equipment, a trend recent developments in the HVAC equipment reinforced.
Make an Enquiry before Buying -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1499
HVAC Equipment Market: Key Drivers
- Focus on reducing energy efficiency of buildings is a key pivot for the demand for HVAC equipment.
- The massive demand for HVAC in the construction sector is driven by rise in constructions of residential and commercial infrastructure especially in developed and developing regions globally.
- The introduction and commercialization of eco-friendly refrigerants is expanding the revenue potential in the HVAC equipment market. Furthermore, strides in IoT are propelling the growth prospects for HVAC equipment makers.
HVAC Equipment Market: Regional Growth Dynamics
Asia Pacific accounted for a major revenue share of the global HVAC equipment market in 2021, and is projected to advance at promising growth rate during the forecast period of 2022-2031. The region’s dominance is attributed to strides made in air conditioning commercialization. Furthermore, substantial demand for affordable products from Africa and South America will spur revenue streams. The Asia Pacific HVAC equipment market is expanding considerably on the back of vast opportunities for manufacturers in China, observed the study authors.
Ask for References – https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=1499
HVAC Equipment Market: Key Players
Most key companies are leaning on unveiling eco-friendly HVAC equipment to stay competitive. Additionally, many key players are keen on expanding product portfolio to strengthen their position.
Some of the key players in the HVAC equipment market are Sanden Holdings Corp., Panasonic Corporation, Moon Environment Technology Co., Ltd., Mitsubishi Electric Corporation, Ingersoll-Rand, Hitachi Ltd., Fujitsu General Ltd., and Daikin Industries, Ltd.
HVAC Equipment Market Segmentation
- Product Type
- Heating Equipment
- Heat Pumps
- Furnaces
- Unitary Pumps
- Boilers
- Others
- Cooling Equipment
- Chillers
- Air Conditioners
- Water Cooling Towers
- Others
- Air Delivery Equipment
- Ventilation Fans
- Humidifiers/Dehumidifiers
- Others
- Application
- Residential
- Commercial
- Industrial
Factory Automation Research Reports
Industrial Floor Mats Market – Industrial Floor Mats Market is expected to surpass value of US$ 2.5 Bn by the end of 2031, it is estimated to expand at a CAGR of 4.9% from 2022 to 2031.
Industrial Camera Market – Industrial Camera Market is expected to reach US$ 21.5 Bn by the end of 2031, It is estimated to grow at a CAGR of 5.4% from 2022 to 2031.
Industrial Fasteners Market – Industrial Fasteners Market is expected to reach value of US$ 131.56 Bn by the end of 2031, it is estimated to expand at a CAGR of 3.2% from 2022 to 2031.
Industrial Gear Market – Industrial Gear Market is predicted to surpass the revenue of US$ 111.4 Bn by the end of 2030, Industrial Gear Market is projected to grow at a modest CAGR of 5% during the forecast period.
Industrial Floor Scrubber Market – Industrial Floor Scrubber Market is estimated to expand at a CAGR of ~9% during the forecast period.
U.S. Industrial Gas Regulator Market – United States industrial gas regulator market valued at US$ 2537.5 Mn in 2018 and expected to grow with a CAGR of 2.8% from 2019 to 2027.
Industrial Brushes Market – Industrial Brushes Market is estimated to be valued at US$ 922 Mn by the end of 2027.
Industrial Gloves Market – Industrial Gloves Market is expected to have a sales value of US$ 42.1 Bn by 2018. The market is expected to grow in terms of volume sales at a CAGR of 9.3% during the period 2019-2027.
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market intelligence company provides syndicated research reports and business consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit our YouTube channel –
https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: 1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]
Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg
SOURCE Transparency Market Research
