The analyst estimated HVAC equipment market revenue at $102.5 billion in 2019. Revenue is expected to grow at a nominal rate through 2026 to reach $140.6 billion. Demand for HVAC products because of climate change and the need for clean air in buildings is fueling market growth. Environmentally friendly, energy-efficient systems that save money are in the spotlight. The COVID-19 pandemic has intensified the focus on buildings’ ventilation systems and their role in reducing the risk of airborne virus transmission in workplaces and commercial establishments. Software-enabled services are in wide use to monitor usage trends and system performance, and perform predictive and preventive maintenance in order to reduce downtime and unexpected breakdowns.COVID-19-related construction activity suspension, supply chain disruption, manufacturing facility shutdowns wreaked havoc on the industry; this is expected to affect market growth in short and medium terms. The high upfront cost for large installations also is proving to be a challenge. New business models that address the high capital expenditure barrier and support system operation and maintenance will be beneficial to the market.
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120 pages •
By Infiniti Research Limited
• Oct 2020
Global Damper Actuators Market 2020-2024
The analyst has been monitoring the damper actuators market and it is poised to grow by $ 563.88 mn during 2020-2024 progressing at a CAGR of 8% during the forecast period. Our reports on damper actuators market provides a holistic analysis, market size and forecast, trends, growth...
The global machine condition monitoring market grew at a CAGR of around 8% during 2014-2019. Machine condition monitoring refers to the process of monitoring and measuring the temperature, humidity and pressure in mechanical equipment. It is commonly used in pumps, rotating and electric motors, internal combustion engines...
No air: Demand for industry services has declined as a result of the closure of nonessential businesses Abstract Air Duct Cleaning Services in the US Operators in this industry provide air duct cleaning services to buildings and dwellings. This includes the cleaning of heating and cooling system components. This...
Heating up: Increasing construction activity in residential and nonresidential markets will likely benefit the industry Abstract HVAC Service Franchises The HVAC Service Franchises industry is highly dependent on activity in the downstream construction sector. Many HVAC systems are installed at the...
120 pages •
By Infiniti Research Limited
• Jan 2021
Global HVAC market 2021-2025
The analyst has been monitoring the HVAC market and it is poised to grow by $ 68.80 bn during 2021-2025 progressing at a CAGR of 7% during the forecast period. Our report on HVAC market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as...
821 pages •
By Global Industry Analysts
• Sep 2020
The global market for Heating, Ventilation and Air Conditioning (HVAC) Systems is projected to reach US$241.8 billion by 2025, driven by the ubiquitous importance of temperature control in homes and production environments. In the residential sector, climate change is a key driving force encouraging the development of the HVAC market. Extreme...
KEY FINDINGS The global fans and blowers market is projected to grow with a CAGR of 2.63%, during the forecast years of 2019 to 2028. The market growth is attributed to factors such as, the growing demand for HVAC in diverse industries, the rising number of data centers across the globe, the extensive use of fans and blowers...
The global carbon dioxide incubators market grew at a CAGR of around 7% during 2014-2019. A carbon dioxide incubator is a sealed, climate-controlled box utilized in life science laboratories for growing biological cell cultures. It helps maintain an optimal environment for cell growth by offering CO2 control in a humidified...
HVAC Market Research Report: By Offering (Equipment, Services), End User (Commercial, Industrial, Residential) - Global Industry Analysis and Growth Forecast to 2030 With the increasing average temperature across the globe, the sales of heating, ventilation, and air conditioning (HVAC) systems are rising sharply. After...
The global vertical farming market is projected to register a CAGR of 8.9% during the forecast period (2020-2025). The increased demand for organic products among the consumers fueled by the improved standard of living and higher disposable income has paved way for the development of vertical farming, wherein organic farming is practiced widely. North...
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