Global HVAC Equipment Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. HVAC (Heating, Ventilation, and Air Conditioning) Equipment is used in order to provide heating and cooling services for commercial, industrial, and residential buildings. In addition, they are also used to circulate fresh air to indoor environments.
The factors that propel the growth of the HVAC Equipment Market include increasing demand, rapid urbanization & industrialization, rise in disposable income, technological innovations, and wide range of applications. HVAC Equipment Industry is classified on the basis of product type, applications, distribution channel and geography. HVAC Equipment Market is segmented by product type as AHU, Chillers, Rooftops, Unducted Standard Splits, US Ducted Splits, VRF, Windows, and others.
HVAC Equipment Market is classified on applications as commercial, residential, automotive and others. This market is segmented by distribution channel as online stores, specialty stores and others. HVAC Equipment Industry is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, and Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa.
By geography, Asia Pacific is expected to show significant growth rates in the HVAC Equipment Industry. The key factors that attribute to the growth of this region include increasing demand, rapid urbanization and rise in disposable income. Some of the key players that fuel the growth of the HVAC Equipment Market include Daikin, Mitsubishi Electric, Johnson Controls(York), Haier, Carrier, Panasonic, LG, BOSCH, JCI, Vaillant, Gree, Hitachi, Trane, Midea, BAXI, Hisense, and others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of HVAC Equipment in these regions, from 2013 to 2025 (forecast), covering
• North America
• Southeast Asia
Global HVAC Equipment market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Ingersoll Rand
• Johnson Controls
• Mitsubishi Electric
• Lennox International
• Schneider Electric
• Dectron International
• Heinen & Hopman
• Engineered Air
• S&S HVAC Equipment
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Air Conditioner
• Heating Pumps
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Research Support Specialist, USA