Pune, India, Sept. 07, 2021 (GLOBE NEWSWIRE) -- According to expert analysts, global HVAC equipment market size was worth USD 84.65 billion in 2020 and is expected to register significant gains during 2021-2026. Factors like increasing use of natural refrigerants like CO2, along with government led initiatives to promote energy-efficient equipment are boosting industry expansion.
The report segments the marketplace on the basis of type ambit and end-user spectrum, while highlighting crucial factors like revenue garnered, sales accrued, consumption volume, and contribution towards overall valuation. It also provides a granular assessment of the regional landscape with data on prevailing trends and lucrative growth prospects in different regions.
It further offers elaborate overview of the major companies operating in the market sphere, inclusive of the insights like industry position, price patterns, gross margins of each company, alongside the latest developments such as partnerships, acquisitions, and mergers.
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In addition, rise in the number of new households, swift urbanization, surge in average construction expenditure, investments aimed at development of sustainable buildings, and increase in disposable incomes of individuals are further stimulating the industry progress.
For the unversed, HVAC systems are used to maintain consistent temperature in residential as well as commercial buildings. They also filter and clean indoor air while regulating humidity levels.
Covid-19 impact
The coronavirus pandemic has negatively affected the growth of global HVAC equipment industry due to disturbed supply chain. To adhere to the social distancing protocol as a measure to keep the spread of COVID-19 in check, several HVAC manufacturer, distributers, and retailers have been forced to either temporarily shut down, cut down the number of employees, or operate remotely.
Expounding market segmentation
Worldwide HVAC equipment market is segmented on the basis of type ambit (heating, cooling, and ventilation), and end-user spectrum (commercial, residential, and industrial).
Elaborating geographical terrain
Seasonal analysts cite that Asia Pacific market is expected to record notable gains during 2021-2026, creditable to diverse climatic conditions in different countries of the region. For example, Australia is known for its extreme climatic conditions whereas as South East Asian countries like Thailand and Malaysia have hot and humid climate which in turn is boosting the demand for energy-efficient HVAC systems to sustain in such weather.
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Enumerating competitive hierarchy
Key players operating in global HVAC equipment market are Rheem Manufacturing Company, Daikin Industries, Ltd., Emerson Electric Co., Carrier Global Corporation, Mitsubishi Electric Corporation, Trane Technologies plc, Lennox International, Inc., Johnson Controls International, LG Electronics, Inc., and Honeywell International, Inc.
Global HVAC Equipment Market, by Equipment type (Revenue, USD Million, 2016-2026)
Heating
- Heat Pumps
- Furnace
- Boilers
Cooling
- Room AC
- Split AC
- Chillers
Ventilation
- Humidifiers
- Air Purifiers
- Air Filters
Global HVAC Equipment Market, by End-User (Revenue, USD Million, 2016-2026)
- Residential
- Commercial
- Industrial
Global HVAC Equipment Market, by Region (Revenue, USD Million, 2016-2026)
Americas
- U.S.
- Canada
- Mexico
Europe
- U.K.
- Germany
- France
Asia Pacific
- China
- Japan
- India
- South Korea
Middle East & Africa
Global HVAC Equipment Market, Competitive Analysis (Revenue, USD Million, 2016-2026)
- Rheem Manufacturing Company
- Daikin Industries, Ltd.
- Emerson Electric Co.
- Carrier Global Corporation
- Mitsubishi Electric Corporation
- Trane Technologies plc
- Lennox International, Inc.
- Johnson Controls International
- LG Electronics, Inc.
- Honeywell International, Inc.
Table of Content:
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. HVAC Equipment Market: Product Overview
4. Global HVAC Equipment Market: An Analysis
4.1 Market Size, By Value, Year 2016-2020
4.2 Impact of COVID-19 on HVAC Equipment Market
4.3 Global HVAC Equipment Market: Growth & Forecast
5. Global HVAC Equipment Market Segmentation, By Equipment Type (Value)
5.1 Global HVAC Equipment Market: Segment Analysis
5.2 Competitive Scenario of HVAC Equipment Market: By Equipment Type (2020 & 2026)
5.3 By Heating Equipment - Market Size and Forecast (2016-2026)
5.3.1 Competitive Scenario of HVAC Equipment Market: By Heating Equipment (2020 & 2026)
5.3.2 Heating Equipment Sub segment - Market Size and Forecast (2016-2026)
5.4 By Cooling Equipment - Market Size and Forecast (2016-2026)
6. Global HVAC Equipment Market Segmentation, By End User (Value)
6.1 Global HVAC Equipment Market: Segment Analysis
6.2 Competitive Scenario of HVAC Equipment Market: By End User (2020 & 2026)
6.3 By Residential - Market Size and Forecast (2016-2026)
6.4 By Commercial - Market Size and Forecast (2016-2026)
6.5 By Industrial - Market Size and Forecast (2016-2026)
7. Global HVAC Equipment Market: Regional Analysis
7.1 Competitive Scenario of Global HVAC Equipment Market: By Region (2020 & 2026)
8. Americas HVAC Equipment Market: An Analysis (2016-2026)
8.1 Americas HVAC Equipment Market by value: Size and Forecast (2016-2026)
8.2 Americas HVAC Equipment Market: Prominent Companies
8.3 Market Segmentation By Equipment Type (Heating Equipment, Cooling Equipment, Ventilation Equipment)
8.4 Market Segmentation By End User (Residential, Commercial, Industrial)
8.5 Americass HVAC Equipment Market: Segmental Analysis
9. Europe HVAC Equipment Market: An Analysis (2016-2026)
9.1 Europe HVAC Equipment Market by value: Size and Forecast (2016-2026)
9.2 Europe HVAC Equipment Market: Prominent Companies
9.3 Market Segmentation By Equipment Type (Heating Equipment, Cooling Equipment, Ventilation Equipment)
9.4 Market Segmentation By End User (Residential, Commercial, Industrial)
9.5 Europe HVAC Equipment Market: Segmental Analysis
10. Asia Pacific HVAC Equipment Market: An Analysis (2016-2026)
10.1 Asia Pacific HVAC Equipment Market by value: Size and Forecast (2016-2026)
10.2 Asia Pacific HVAC Equipment Market: Prominent Companies
10.3 Market Segmentation By Equipment Type (Heating Equipment, Cooling Equipment, Ventilation Equipment)
10.4 Market Segmentation By End User (Residential, Commercial, Industrial)
10.5 Asia Pacific HVAC Equipment Market: Segmental Analysis
11. Global HVAC Equipment Market Dynamics
11.1 Global HVAC Equipment Market Drivers
11.2 Global HVAC Equipment Market Restraints
11.3 Global HVAC Equipment Market Trends
12. Market Attractiveness and Strategic Analysis
12.1 Market Attractiveness Chart of Global HVAC Equipment Market - By Equipment Type (Year 2026)
12.1.1 Market Attractiveness Chart of Global HVAC Equipment Market - By Heating Equipment (Year 2026)
12.1.2 Market Attractiveness Chart of Global HVAC Equipment Market - By Cooling Equipment (Year 2026)
12.1.3 Market Attractiveness Chart of Global HVAC Equipment Market - By Ventilation Equipment (Year 2026)
12.2 Market Attractiveness Chart of Global HVAC Equipment Market - By End User (Year 2026)
12.3 Market Attractiveness Chart of Global HVAC Equipment Market - By Region (Year 2026)
13. Competitive Landscape
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