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HVAC Equipment Market Predicted to Grow Significantly by 2021 – IndustryARC Research

HVAC Equipment Market Predicted to Grow Significantly by 2021 – IndustryARC Research
Issue Time:2017-03-27

The report “HVAC Equipment Market: By Heating (Heat pumps, Furnace, Boilers) By Cooling (Air Conditioners, Chillers, Cooling Towers) By Ventilation (Air Handling, Treatment Equipment) Application (Residential, Commercial, Industrial, Other)- Forecast (2017-2022)”, published by IndustryARC, estimates China is the leading country in the global HVAC equipment market.

 

Browse 89 Market Tables, 92 Figures spread through 150 Pages and an in-depth TOC on “HVAC Equipment Market” .


Heating, Ventilating and Air-conditioning systems are a group of closely interrelated systems whose main function is to provide indoor comfort by maintaining good air quality. They are often referred to as HVAC. HVAC systems are essential part of residential, commercial, industrial and automotive comfort as they play a critical role in the health, productivity and value the occupant. HVAC components are electro-mechanical equipment that goes into the building of an HVAC product. Each HVAC system has some common components and some specialized equipment that achieve a specific function. These components together operate so as to control the air quality within a zone as well as provide comfort and safety for the occupants. The main components of the an HVAC system market include Heating Equipment, Cooling Equipment, Ventilating equipment and other general purpose equipment such as pipes, valves, thermostats and so on. All the sections have many components which are discussed extensively in each of the chapters.

 

The overall market can be broadly segmented into Heating, Cooling as well as Ventilating Equipment. Heating equipment consists of heat pumps, boilers, warm air furnaces and space heaters. Cooling equipment consists of air-conditioners, which contribute to majority of the revenue, Chillers, Cooling Towers and Evaporative/ Desert Coolers. Ventilation equipment consists of fans, blowers, diffusers, radiators, air filters and purifiers and so on which can be classified under air distribution and treatment equipment.

 

Scope & Regional Forecast of the HVAC Equipment Market

 

One of the major driving forces driving the HVAC market is the government regulations and policies. Increasing concerns regarding environment has demanded government of several countries such as the U.S., U.K., Germany and so on to provide tax credits and rebates on purchase of energy efficient HVAC equipment which in turn is driving the population to replace their old HVAC systems with newer energy efficient systems..

 

APAC remains the largest market for cooling equipment contributing to highest CAGR of overall revenue generated by cooling equipment, followed by the North America & Europe. China is the leading country in the global HVAC equipment market due to the stable growth in its economy that has facilitated the rise in the number of industrial, residential and commercial complexes

 

 

Segmentations Involved in the HVAC Equipment Market:

 

The HVAC Equipment Market can be broken down into various segmentations on the basis of -

 

Heating Equipment and Components: Heat Pumps, Warm Air Furnaces, Boilers, Space Heaters and Others.

Cooling Equipment and Components: Evaporative Coolers, Air Conditioners, Chillers, Cooling Tower and Others.

Ventilation Equipment and Components: Air Distribution Equipment, Air Treatment E

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