Global HVAC Market, Trends, Share and Forecast 2016–2020

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Global HVAC Market 2016 - 2020
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Report Description
Market outlook of the global HVAC Market Global
HVAC market to grow steadily at a CAGR of 7
during the forecast period. The increase in
construction activities worldwide is a key growth
driver for this market. New constructions in the
residential, commercial, and industrial sectors
have increased the demand for HVAC systems, which
improves building efficiencies, thus generating
high revenue for the market. Moreover, government
regulations introduced by countries worldwide
compel HVAC system vendors to comply with
industry standards. For instance, the Commercial
Building Disclosure outlined by the Australian
government provides a high incentive for
improving the performance and efficiency of HVAC
systems. It requires building owners selling or
leasing office spaces larger than 2,000 square
meters to comply with energy efficiency
standards. This, in turn, has been encouraging
the installation of efficient HVAC
systems. Advances in monitoring systems and
intelligent technology are expected to aid the
growth of the HVAC market. Monitoring systems
help in tracking the energy consumption of a
building while intelligent technology controls
the energy output of an HVAC system. For
instance, fans used in the heating system of
computing systems are switched on only after the
computing system reaches the set temperature,
making the system energy efficient. The
integration of the Internet of things (IoT) with
HVAC systems is also opening new avenues for the
market in terms of revenue. This research report
predicts the commercial building sector to be the
earliest adopter of this technology, as this
integration would enhance the efficiency and
reliability of the BAS. Complete Report
Available _at_ http//www.bigmarketresearch.com/globa
l-hvac-market
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Report Description
Equipment and services segmentation and analysis
of the HVAC market Equipment (sub-segmented by
heating, ventilation, and air-conditioning
equipment) Services The HVAC equipment segment
dominated the market during 2015, with a market
share of around 69. The growing population and
industrialization, rising sales of domestic and
commercial buildings, increasing construction
expenditure, and the expanding purchasing power
of the middle class are the key growth drivers
for this segment. End-user segmentation and
analysis of the HVAC market Non-residential
buildings Residential buildings The
non-residential segment accounted for 67 of the
market share during 2015. Healthcare and
educational institutions, manufacturing and
industrial buildings, as well as offices and
retail stores are the non-residential users of
HVAC systems. The increase in construction
activities rapid industrialization, as well as
the need for enhancing energy efficiency in
buildings, are driving the growth of HVAC
systems. Geographical segmentation and analysis
of the global HVAC market Americas APAC
EMEA
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Table of Contents
APAC accounted for 51 of the market share during
2015 and is expected to grow at a CAGR of 7
during the forecast period. The rise in
investments in real estate to boost the HVAC
market in APAC. The report further anticipates
China to retain its market leadership until the
end of the forecast period. Competitive
landscape and key vendors The global HVAC market
is diversified with the presence of international
and regional vendors. Many regional vendors are
providing customized HVAC systems at lower prices
than international vendors for increasing their
market presence. Though several new vendors are
foraying into the market, they find it difficult
to compete with the international vendors in
terms of quality, features, functionalities, and
services. Report Enquiry _at_ http//www.bigmarketr
esearch.com/report-enquiry/367255 The leading
vendors in the market are Carrier Daikin
Industries Ingersoll-Rand Johnson Controls
LG The other prominent vendors in the market
include AB Electrolux, Bosch Thermotechnik,
Fujitsu, GD Midea, Gree Electric Appliances,
Haier, Hitachi, Lennox International, Nortek,
Paloma Industries, Samsung, Siemens, and Vaillant
Group.
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