The latest report by IMARC Group, titled “HVAC Insulation Market: Global Industry Growth, Share, Size, Trends, Opportunity, and Forecast during 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on HVAC market share.
The global HVAC insulation market reached a value of US$ 4.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.0 Billion by 2027, exhibiting a CAGR of 6.57% during 2022-2027. A heating, ventilation and air conditioning (HVAC) insulation system is generally installed in buildings for maintaining the optimal temperature while providing thermal comfort to the space. Its basic design is a combination of a split-system air conditioner and a traditional furnace for ensuring a comfortable living environment for inhabitants. It comprises a heat generator, blower motor, combustion chamber, condenser coil or compressor, evaporator coil and thermostat system. It is widely utilized across high-rise offices, hospitals, apartment blocks, warehouses, industrial facilities and airports. The demand for HVAC insulation is rising across the globe due to the increasing need for preventing the risks of icing and overheating water vapor and condensation on cold surfaces.
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Market Trends:
The global HVAC insulation market is primarily driven by an enhanced focus on sustainable development. Since HVAC insulation systems are manufactured using stone and glass wool that aid in improving the acoustic and thermal performance in a sustainable manner, this is providing an impetus to the market growth. In line with this, numerous initiatives have been undertaken by the governments of multiple countries for implementing strict regulations for minimizing energy consumption, thereby supporting the adoption of energy-efficient HVAC insulation systems across the globe.
Moreover, continual technological advancements and the integration of artificial intelligence (AI) with HVAC insulation systems to enable scheduling using a mobile device are gaining widespread prominence among the end users. Furthermore, the rising integration of HVAC systems in automobiles for controlling the internal temperature and providing purified air in the vehicle cabin is creating a positive market outlook. Also, leading players are heavily investing in the deployment of consumer-friendly and customized systems in premium and luxury vehicles, which is positively influencing the uptake of HVAC insulation. Some of the other factors contributing to the market include rapid industrialization and extensive research and development (R&D) activities conducted by key players.
HVAC Insulation Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the HVAC insulation market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Arabian Fiberglass Insulation Company Ltd.
- Armacell International Holding GmbH
- Compagnie de Saint-Gobain S.A.
- Fletcher Insulation Pty Limited
- Glassrock Insulation Co. S.A.E
- Johns Manville Corporation (Berkshire Hathaway Inc.)
- Kingspan Group Plc
- Knauf Insulation Inc.
- Kuwait Insulating Material Manufacturing Co.
- L’ISOLANTE K-FLEX S.p.A.
- Owens Corning
- PPG Industries Inc.
- Rockwool International A/S
Key Market Segmentation:
The report has segmented the global HVAC insulation market on the basis of material type, product type, application and region.
Breakup by Material Type:
- Glass Wool
- Stone Wool
- Phenolic Foam
- Elastomeric Foam
- Others
Breakup by Product Type:
Breakup by Application:
- Residential
- Commercial
- Industrial
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (Egypt, United Arab Emirates, Saudi Arabia, Turkey, Qatar, Iran, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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