HVAC Equipment Market is segmented into Equipment Type (Heating (Heat Pumps, Furnaces, Unitary Heaters, Boilers), Air Conditioning (Room Air Conditioners, Unitary Air Conditioners, Coolers and Others), Ventilation (Ventilation Fans/Air Pumps, Humidifiers/Dehumidifiers), End-use Application (Residential, Commercial, Industrial), and Geography (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa).
Factors like evolving climatic conditions, rising population, demographic changes, rapid urbanization, and rising disposable income are driving the growth of global HVAC equipment market.
Nevertheless, the installation and maintenance cost, high-energy consumption, and other operational challenges can hamper growth of the market for HVAC equipment. The climatic conditions in different regions can have adverse effects on the lifecycle of these systems. Regions with generally damp climatic conditions often tend to decrease the life expectancy of heating, ventilation, and air conditioning systems because of their corrosive effects, which is expected to hamper market growth.
By equipment type, Heating systems are extensively used in applications such as space heating, molding, floor and wall heating, and tensile testing among others. Ventilation systems remove extra odors, humidity, pollutants, and other contaminants from indoor areas. It is the most energy-efficient and cost-effective way to cool and improve the air quality of buildings.
The cooling HVAC units led with over 50% market share in 2017 because of the rising demand from the commercial sector and altering climatic conditions across different regions. The Variable Refrigerant Flow (VRF) cooling systems are used for a wide range of application such as preservation of food, chemicals, proteins, enzymes, and vaccines, among others. These systems find application across numerous industries such as healthcare, manufacturing, food production, and transportation among others. This factor is anticipated to drive growth of this segment over the forecast period.
Global HVAC equipment market research report studies market summary describing introduction, drivers, restraints, opportunities, threats, types, applications latest trends to identify the revenues and the progress of the market over the forecast period. The report offers pre-emptive and premeditated management along with highlights the summary of global HVAC equipment market along with classifications and market chain structures. It also highlights authorized statistics of global HVAC equipment market.
Maximize Market Research has comprehensively analyzed market. The driving forces as well as considerable restraints have been explained in depth to attain a balanced scenario. Segment wise market size and market share during the forecast years is duly addressed to portray the probable picture of this exuberant industry. The competitive landscape comprising of key innovators, service providers, market giants as well as niche players is studied and analyzed extensively with respect to their strengths, weaknesses as well as value addition prospects. Report presents significant case studies along with the success stories to motivate and guide the like minds. In addition, Report displays current consolidation trends with respect to prominent mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, emerging business models. This will enable the reader to comprehend whole global HVAC equipment market with utmost ease and clarity.
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