Global HVAC Systems Market
Posted: Jun 22, 2019
Global HVAC Systems Market is expected to reach USD 273.4 Billion by 2024 from USD 162.3 Billion in 2016 at CAGR of 6.7% (Detailed analysis of the market CAGR is provided in the report).Global HVAC System MarketHeating, ventilation, and air conditioning (HVAC) systems are thermal management systems used to control the temperatures inside buildings and vehicles.
Global HVAC Systems Market is segmented by Heating Equipment, Ventilation Equipment, Cooling Equipment, Implementation Type, Application, and geography. Heating Equipment segment is classified as Heat Pumps, Furnaces, Boilers, and Unitary Heaters. Ventilation Equipment segment is divided as Humidifiers, Dehumidifiers, Air Purifiers, Air Filters, Ventilation Fans, and Air Handling Units. Cooling Equipment segment is divided as Room Air Conditioners, Unitary Air Conditioners, Chillers, Coolers, Cooling Towers, VRF Systems. Implementation Type segment is classified as New Construction and Retrofit. Application segment is divided as Residential, Commercial, and Industrial. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
HVAC Systems market is increasing due to several major factors including increasing demand for HVAC systems for reducing energy consumption, extreme weather conditions, government tax credit and rebate programs, and growing demand for HVAC systems to upgrade old systems. APAC is going to emerge as highest growth region in Global HVAC Systems Market in forecast period followed by North America and Europe. Major APAC countries such as China, Japan, and India are the major consumers of HVAC systems. The governments of these countries have taken various measures to ensure that energy-efficient HVAC systems are being installed in new buildings.
- Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints, and challenges for Global HVAC Systems Market during the forecast period• Complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain• Global HVAC Systems Market analysis and comprehensive segmentation with respect to the Heating Equipment, Ventilation Equipment, Cooling Equipment, Implementation Type, Application, and geography to assist in strategic business planning• Global HVAC Systems Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America and their key regions
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