HVAC systems are used to ventilate and filter the air in residential and non-residential spaces to maintain thermal balance. Various components used in these systems are heat exchangers, pumps, and fans. These systems control and regulate the temperature and humidity levels. The type of HVAC system required is determined by the indoor and outdoor air quality. One of the key factors that is driving the demand for HVAC systems is the rapid growth of the construction sector and real estate markets worldwide. Most of the newly constructed, modern buildings have been employing energy-efficient HVAC systems. In addition, urbanization and industrialization have been on the rise in developing countries. This has resulted in an increase in the number of factories, manufacturing units, commercial buildings, and residential complexes that have been using HVAC systems.
Technavio’s analysts forecast the global HVAC market to grow at a CAGR of 5.24% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global HVAC market for 2017-2021. To calculate the market size, the report includes the market segmentation based on HVAC equipment and services, end-users (residential and non-residential), and geography.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global HVAC Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - Carrier Corporation - DAIKIN INDUSTRIES - Ingersoll Rand - Johnson Controls - LG Electronics
Other prominent vendors - ELECTROLUX - Bosch Thermotechnik - FUJITSU - Midea Group - GREE ELECTRIC APPLIANCES - Haier - Hitachi - Lennox International - Nortek - SAMSUNG
Market driver - Rising preference for condensing boilers. - For a full, detailed list, view our report
Market challenge - High market competition. - For a full, detailed list, view our report
Market trend - Rise in incorporation of building automation systems. - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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