ID: MRFR/MAN/0317-CRR | June, 2016 | Region: Global | 150 pages | Cooked Research Reports
The global market for heating, ventilation & air conditioning (HVAC) is expected to increase at a steady compound annual growth rate over the next nine years. The arrival of leading-edge heating, ventilation and air conditioning technology has reflected favorably on the global market. Increased investment in product innovation has led to development of advanced ventilation and air conditioning solutions. Manufacturers are also focusing on product customization and development of application-specific products, which is identified as a key industry trend.
Severe levels of atmospheric change and global warming is a major factor driving the deployment rate of various indoor temperature control systems including heating, ventilation and air conditioning systems. These systems are more popular in countries that experience frequent climatic fluctuations. Moreover, continued urbanization and growth of human population is playing an important role in boosting the popularity of the indoor temperature control systems in various parts of the world. Factors as such as likely to support the growth of the global market for heating, ventilation and air conditioning.
Some of the leading players profiled in this report include Zamil Air Conditioners, Daikin, Lennox International, Ingersoll Rand, Samsung Electronics, Siemens Building Technologies, Johnson Controls, Gree Electric Appliances Inc, Honeywell International, and Fujitsu General.
Global Heating Ventilation and Air Conditioning Market: Segmental Analysis
For the detailed analysis of the market, the report includes an examination of relevant market segments that are based on product type and application. On the basis of product type, the market has been segmented into central air conditioning, window or through the wall air conditioners, split residential air conditioners, and packaged air conditioners. On the basis of application, the market has been segmented into institutional, residential, commercial, hospitality and others.
Middle East and Africa (MEA) is expected to remain a highly lucrative market for HVAC units during the forecast period. The ongoing government efforts to bring up the infrastructure standards in the MEA countries is creating significant market opportunities. The region’s market is projected to exhibit an above-average CAGR during the review period. Meanwhile, Europe and North America are the other two regions that will remain important for HVAC manufacturers over the next couple of years. Change in climate and increased temperature levels in these regions owing to global warming has resulted in increased installation of HVAC units.