Global HVAC Equipment Market 2020-2024
Report has been monitoring the HVAC equipment market and it is poised to grow by $ 34.91 billion during 2020-2024 progressing at a CAGR of 5% during the forecast period. Our reports on HVAC equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing residential and commercial construction activities, cost advantages associated with renting HVAC equipment, and increase in demand for centralized HVAC systems. In addition, increasing residential and commercial construction activities is anticipated to boost the growth of the market as well.
The HVAC equipment market analysis includes product segment and geographic landscapes
Report's HVAC equipment market is segmented as below:
By Product
• Air conditioning equipment
• Heating equipment
• Ventilation equipment
By Geographic Landscapes
• APAC
• North America
• Europe
• MEA
• South America
This study identifies the growing adoption of prefabricated construction solutions as one of the prime reasons driving the HVAC equipment market growth during the next few years. Also, growing preference for customized HVAC systems, and advent of smart HVAC systems will lead to sizable demand in the market.
"Report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our HVAC equipment market covers the following areas:
• HVAC equipment market sizing
• HVAC equipment market forecast
• HVAC equipment market industry analysis"
Report's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading HVAC equipment market vendors that include Daikin Industries Ltd., Fujitsu Ltd., Ingersoll-Rand Plc, Johnson Controls International Plc, LG Electronics Inc., Midea Group Co. Ltd., Nortek Global HVAC LLC, Robert Bosch GmbH, Samsung Electronics Co. Ltd., and United Technologies Corp.. Also, the HVAC equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors. global-HVAC-equipment-market-2020-2024-industry-analysis
Report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Report's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.