HVAC Equipment Market Predicted to Reach USD 127.02 Billion by 2025 | Growing at a CAGR of 5% During The Forecast Period

January 19 05:14 2019
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The report on “HVAC Equipment Market ” helps you to understand the market size, share, growth, trends, major companies performance data and market opportunities.

HVAC Equipment Market Overview:

The global HVAC equipment market was valued at USD 94.69 billion in 2017, and is expected to reach a value of USD 127.02 billion by 2025, at a CAGR of 5%, during the forecast period (2018-2025). The increase in population has opened new avenues for the global market for HVAC equipment. Regions such as Asia-Pacific are experiencing rapid growth in the number of residential properties, with China and India steering the wheel. The largest producer of HVAC equipment is China. It is strongly influenced by the increase in construction costs and industrialization.

 

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Geographical insights of HVAC Equipment Market:

This trend is more evident in developed markets in North America and Europe. As a result, the two regions are growing at a similar pace, with Europe falling slightly behind. However, the Asia-Pacific region, due to its scale and rapid adoption, is expected to remain the largest geographic market throughout the forecast period.

HVAC Equipment Market Segmentation:

The HVAC equipment is divided into four types, heating equipment, Cooling equipment, By Components and ventilation equipment. Heat pumps between heating equipment and room air conditioners among refrigeration equipment are the fastest growing types of products and collectively account for more than 50% of the world market. This is due to the greater energy efficiency provided by the individual air conditioners and the multiple uses of heat pumps (for heating and cooling). In addition, the problems of energy efficiency with other heating equipment, such as furnaces, heaters and boilers, limit their growth.

 

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Some of the Prominent Players in HVAC Equipment Market are:

United Technologies Corporation, Daikin Industries. Ltd., Haier Inc., Samsung Electronics, Panasonic Corporation, Lennox International Inc., Electrolux AB, LG Corporation, Emerson Electric Company, Danfoss A/S and Honeywell International Inc.

 

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