SAN FRANCISCO, June 2, 2021 /PRNewswire/ — A new market study from Global Industry Analysts Inc. (GIA), the leading market research firm, today released its report titled “Heating, Ventilation and Air Conditioning (HVAC) Systems – Global Market Trajectory & Analytics.” The report presents new perspectives on opportunities and challenges in a significantly changed market post-COVID-19.

FACTS AT A GLANCE
Edition: 9; Published: May 2021
Management positions: 12897
Companies: 125 – Players covered include Daikin Industries Ltd.; Danfoss A/S; Electrolux AB; Emerson Electric Company; Fujitsu Ltd.; GREE, Inc.; Hitachi Ltd.; Honeywell International, Inc.; Ingersoll Rand PLC; Johnson Controls International PLC; Lennox International Inc.; LG Electronics Inc.; Midea Group Co., Ltd.; Mitsubishi Electric Corporation; Nortek Global HVAC LLC; Panasonic Corporation; Qingdao Haier Co., Ltd.; Samsung Electronics Co., Ltd.; United Technologies Corporation (UTC); Whirlpool Corporation and others.
Coverage: All major regions and key segments
Segments: Segment (cooling systems, heating systems, ventilation systems); Implementation (new construction, renovation); Application (commercial, private, industrial)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; Great Britain; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of middle East); And Africa.

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ABSTRACT-

To reach global heating, ventilation and air conditioning (HVAC) market $286.8 billion until 2026
Heating, ventilation and air conditioning (HVAC) systems are important and essential and are used ubiquitously in almost all buildings and factories. HVAC systems are widely used in residential and commercial buildings across sectors including education, healthcare, retail, offices, government and airports. The market growth is expected to be driven by increasing demand for energy efficient HVAC systems to reduce energy consumption and CO2 emissions. Growing concerns about climate change, rising energy prices and carbon emissions continue to drive the adoption of HVAC systems in commercial spaces. The market is also likely to benefit from the increasing demand for energy-saving products. Rebates for energy efficient systems such as air conditioning and HVAC encourage commercial building users to adopt and upgrade HVAC systems.

Amid the COVID-19 crisis, the global heating, ventilation and air conditioning (HVAC) market is estimated at $201 billion in 2020 is expected to reach a revised size of $286.8 billion until 2026 and grows at an average annual growth rate of 5.9% during the analysis period. Cooling systems, one of the segments analyzed in the report, is expected to achieve a CAGR of 6.2% $204 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the resulting economic crisis, growth in the heating systems segment is adjusted to a revised average annual growth rate of 5.5% for the next 7-year period. This segment currently accounts for 20.8% share of the global heating, ventilation and air conditioning (HVAC) market. The demand for heat pumps is attributed to the availability of systems with advanced features that enable space heating and cooling while also providing hot water. Heat pumps' ability to provide greater efficiency compared to other space heating and cooling devices is expected to further increase their adoption in the coming years. Climate change and gradually rising average temperatures are driving the use of cooling devices in summer.

The US market is estimated at $58.1 billion in 2021, while China is expected to reach $59.3 billion until 2026
The Heating, Ventilation and Air Conditioning (HVAC) market in the US is estimated at $58.1 billion in 2021. The country currently has a 27.1% share of the global market. Chinathe world's second largest economy, is expected to reach an estimated market size of $59.3 billion in 2026 with a CAGR of 9% during the analysis period. Other notable geographic markets include Japan And Canada, respectively forecast to grow by 3.2% and 5.3% over the analysis period. Within Europe, Germany is expected to grow at approximately 3.6% CAGR, while the rest of the European market (as defined in the study) will achieve this $63.8 billion until the end of the analysis period. The demand for air conditioning in developing regions such as Asia Pacific is very high as some households own more than one unit, whereas the demand for air conditioners from developed regions remains comparatively low. The market in Asia Pacific It is also expected to benefit from technological advancements and increasing investment in the consumer electronics sector across the region. The market in developed regions is driven by increasing consumer awareness of star-rated HVAC products, increasing use of VRV and adoption of inverter-based air conditioners.

to achieve the ventilation systems segment 34 billion dollars until 2026
In the global ventilation systems segment USA, Canada, Japan, China And Europe will drive the 4.2% CAGR estimated for this segment. These regional markets together account for a market size of $19.4 billion in 2020 a forecast size of will be reached $25.8 billion until the end of the analysis period. China will continue to be among the fastest growing in this cluster of regional markets. Led by countries like Australia, IndiaAnd South Koreathe market in Asia Pacific is expected to be achieved $4.5 billion until 2026, during Latin America will grow at a compound annual growth rate of 5.6% during the analysis period. More

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NEW YORK, June 14, 2022 /PRNewswire/ — The heating ventilation and air conditioning (HVAC) market size is expected to grow by USD 68.8 billion, progressing at a CAGR of 6.57% from 2020 to 2025 according to the latest market report by Technavio. The growing construction sector is notably driving the heating ventilation and air conditioning market growth. The construction sector plays a major role in driving the demand for HVAC systems. With the increase in the construction of commercial and residential buildings, the demand for HVAC equipment and services has been increasing, thereby driving the growth of the global Heating, Ventilation, and Air Conditioning (HVAC) market. The construction industry is expanding significantly across the globe. There are a lot of factors leading to the expansion of the construction industry. APAC is the major market for construction and is expected to grow at the highest rate during the forecast period. The primary reason for the growth is the ongoing developments in the infrastructure and real estate sectors in the region. The commercial building sector has seen an upswing in office construction activities, particularly for the technology and finance firms. This is due to an increase in private investments. Similarly, hotel and hospital construction activities will propel the demand for HVAC systems.

Technavio has announced its latest market research report titled HVAC Market by End-user, Type, and Geography – Forecast and Analysis 2021-2025

To know about more drivers along with the market challenges -Download a Sample Report in MINUTES

Heating Ventilation And Air Conditioning Market: Segmentation Analysis

Technavio report extensively covers heating ventilation and air conditioning market segmentation by end-user (non-residential and residential), type (HVAC equipment and HVAC services), and geography (APAC, NorthAmerica, EuropeMEA, and South America)

End user landscape

• By end-user, they are classified as non-residential and residential.

• The heating ventilation and air conditioning market share growth by the non-residential segment will be significant for revenue generation.

• An increase in the construction of these end-users will drive the growth of the global heating, ventilation and air conditioning (HVAC) market. Owing to the adoption of green technology, the demand for HVAC units has increased simultaneously as they help in energy savings. The rise in the number of net-zero buildings is the major trend in the construction business.

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Geographic Landscape

• By Geography, they are classified into APAC, NorthAmerica, EuropeMEA, and South America.

• 58% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the heating ventilation and air conditioning market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

• The growing population, climatic conditions, increasing urbanization, and demographic changes will facilitate the heating ventilation, and air conditioning market growth in APAC over the forecast period.

For more details on segmentation along with type segment landscape -Download a sample now!

Vendor Analysis:

The heating ventilation and air conditioning market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

• Carrier Global Corp.

• Daikin Industries Ltd.

• Danfoss AS

• Haier Smart Home Co.Ltd.

• Johnson Controls International Plc

• Lennox International Inc.

• LG Electronics Inc.

• Midea Group Co.Ltd.

• Samsung Electronics Co.Ltd.

• Trane Technologies Plc

• For vendor offerings -Click to Download a sample!

Get ready to achieve excellent business outcomes from this exclusive Heating Ventilation And Air Conditioning (HVAC) Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –

• What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?

• What is the current trend taking place in the market space?|

• Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?

• What are market drivers, restraints, and challenges impacting demand & growth of the market?

• Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Heating Ventilation And Air Conditioning (HVAC) Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, make a strategic approach & boost your business goals with our Heating Ventilation And Air Conditioning (HVAC) Market Forecast Report – Buy Now!

Related Reports:

• The energy-efficient HVAC systems market share is expected to increase by USD 24.37 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.02%. Download a sample now!

• The HVAC terminal units market size is expected to be valued at USD 1.41 billion by 2026 with a progressive CAGR of 5.05%. Download a sample now!

Table of Content

1 executive summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market segmentation by end user

6 Market segmentation by type

7 customer landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor analysis

12 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: media@technavio.com
Website: www.technavio.com/

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CHICAGO, Nov 30, 2022 /PRNewswire/ — The Global “HVAC Insulation Market by Product Type (Pipes And Ducts), Material Type (Mineral Wool And Plastic Foam), End Use (Commercial, Residential And Industrial), And Region (NorthAmerica, EuropeAPAC, South America& MEA) – Global Forecast to 2027″, The global market size for HVAC Insulation is estimated USD 5.8 trillion in 2022 and is projected to reach USD 7.4 trillion by 2027, at a CAGR of 5.0% between 2022 and 2027.

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A HVAC system can be defined as a system that has three functions of heating, ventilation, and conditioning. To prevent heat loss, insulating material are used in the HVAC system installed in residential and non-residential buildings to maintain a healthy and comfortable indoor climate and ensure energy efficiency of that building. Various insulating materials used in this include mineral wool and plastic foams. These materials are mainly available in two types, pipes and ducts. Insulation is used in residential, commercial, and industrial buildings

In terms of value, ducts are estimated to be the largest market in the global HVAC Insulation market, by product type, during the forecast period.

Duct insulations are designed primarily to provide acoustic insulation to the ventilation system, but they also contribute to improving the thermal performance. Ductwork can be seen in every cooling and every HVAC system, whether commercial or residential. It has a major impact on the efficiency and comfort level of buildings. The demand for HVAC ducts is expected to increase across several commercial applications like hospitals, restaurants, and offices.

Mineral wool to register the highest CAGR during the forecast period

Mineral wool segment to witness a CAGR of 5.2% during the forecast period in HVAC Insulation market. The growth is attributed to the lightweight, high tensile strength, and excellent temperature controls are some of the properties driving the HVAC Insulation market. Additionally, mineral wool such as stone wool provides thermal, acoustic, and fire protection.

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Industrial is estimated to be the second-largest end-use by value in 2022

Industrial HVAC systems are an important part of structures in various industries like food & beverage, and pharmaceuticals, where safe and healthy building conditions are regulated with respect to temperature and humidity, using fresh air from outdoors. The HVAC systems employed for heating purposes are gas or oil-fired boiler or furnace, heat pumps, rooftop units, infrared radiation, among others. Common cooling sources include rooftop units, chillers, heat pumps, and air conditioners. In industrial facilities/buildings, the materials are used for insulating, air ducts, chilled water, among other applications.

Western Europe accounted for third largest region, by value, during the forecast period

In Western Europe, the HVAC insulation market is mainly dependent on the growth of the construction industry. The region has a strong industrial base in developed economies, such as the UK, France, Italyand Germany. The increasing necessity of safety and fire-resistance in industries of these countries are driving the demand for the HVAC insulation market in Europe. The region accounted for a market share of about 18% in the global HVAC insulation market, in 2021. The continued escalation of energy use in these developed countries has intensified the demand for energy-efficient solutions, including HVAC insulation.

market players

The key market players profiled in the report include Knauf Insulation (US), Owens Corning Corporation (US), Rockwool International A/S (Denmark), Saint Gobain SA (France), Kingspan Group Plc. (Ireland), and Armacell International SA (Luxembourg).

Browse Adjacent Market: Foam and Insulation Market Research Reports & Consulting

Related Reports:

Building Insulation Materials Market – Global Forecast to 2027

Acoustic Insulation Market – Global Forecast to 2026

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The demand for HVAC insulation is increasing owing to the growth in construction activities in both developed and emerging economies. In terms of value, pipes accounts for the fastest-growing segment in HVAC Insulation market, by product type, during the forecast period.

New York, Dec 07, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “HVAC Insulation Market by Product Type, Material Type, End Use And Region – Global Forecast to 2027” – https://www.reportlinker.com/ p03960013/?utm_source=GNW

Pipe insulation not only offers high levels of thermal performance, but it offers excellent acoustics to reduce noise as well. Moreover, pipe insulation regulates the internal temperature of a pipe; increases the operating efficiency of heating, ventilating, cooling, plumbing; helps in the reduction of heat loss and thereby saves more energy and money; reduces the damage to equipment from exposure to fire or corrosive atmospheres; and reduces the emission of pollutants into the atmosphere.

In terms of value, mineral wool is estimated to be fastest-growing segment in HVAC Insulation market, by material type, during the forecast period.
Mineral wool such as stone wool provides thermal, acoustic, and fire protection.It is a highly effective insulating material.

Mineral wool ranges from loose material used for injected insulation of cavity walls to slabs and rolls for wall insulation and pre-formed and faced pipe sections. Stone wool is especially useful when superior fire resistance and acoustic performance are required.

In terms of value, residential is estimated to be fastest-growing segment in HVAC Insulation market, by end use, during the forecast period.
Owing to higher levels of economic growth and anticipated improvements in the quality of life over the next few years, developing countries are expected to witness see a rapid increase in residential construction demand during the forecast period.Building construction is growing due to the increase of growing population & population shift toward urban areas.

The growing infrastructure and residential construction are focusing on below-ground construction to build robust and water & moisture-proof building structures, thereby creating demand to insulate pipes in HVAC insulation market.

North America region accounted for the second-largest share in the HVAC Insulation market by value.

North America was the second-largest HVAC insulation market, accounting for a share of over 20% in 2021.Building & construction is the largest end use industry of HVAC insulation in the region.

The HVAC insulation market in North America is witnessing a moderate growth rate owing to the maturity of the market. Rising awareness for energy efficiency is expected to drive the growth of the residential market, and the non-residential market is expected to recover from the economic downturn due to the COVID-19 pandemic.

Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the HVAC Insulation market, and information was gathered from secondary research to determine and verify the market size of several segments. The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
• By Designation: C Level Executives – 20%, Directors – 10%, and Others – 70%
• By Region: APAC – 30%, Western Europe – 20%, Central & Eastern Europe – 10%, North America – 20%, the Middle East & Africa – 10%, and South America – 10%
Owens Corning Corporation (US), Saint-Gobain Isover (France), Rockwool International (Denmark), Knauf Group (US), and Armacell International (Luxembourg) are some of the key players in the HVAC Insulation market.

Research coverage:
This report provides detailed segmentation of the HVAC Insulation market based on by material type, product type, by end use, and region.Based on product type, the market has been segmented into pipes and ducts.

Based on material type, the market has been segmented into mineral wool and plastic foam.Mineral wool is further segmented into glass wool and stone wool, whereas plastic foam is segmented into phenolic/PIR/PUR, elastomeric foam, PE & cross-lined PE foam.

Based on end-use industry, the market has been segmented into commercial, residential and industrial.

Key Benefits of Buying the Report:
From an insight perspective, this research report focuses on various levels of analyzes — industry analysis (industry trends), market ranking of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the HVAC Insulation market; high growth regions; and market drivers, restraints, opportunities, and challenges.
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SAN FRANCISCO, Nov 21, 2022 /PRNewswire/ — The global online on-demand home services market size is expected to reach USD 14.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 16.7% from 2022 to 2030. The rising number of advertising and marketing campaigns is a critical online on-demand home services market trend that will contribute to the market growth. Presently, vendors in the global online on-demand home services market are launching advertisement campaigns through different platforms to generate customer awareness and retain a solid customer base. NorthAmerica is expected to offer tremendous growth opportunities for the online on-demand home services market owing to the easier accessibility of products and services and quick payment options.

Key Industry Insights & Findings from the report:

• The worldwide requirement for these types of facilities is rising owing to the ease of accessibility and convenience provided by these facilities.
• The increasing usage of smartphones and their increasing demand and applications has also played a significant part in enhancing the demand for this market. It is expected that the rising demand for more comfortable accessibility of products is possible to pave the way for more opportunities in the near future.
• The demand for healthcare on-demand will increase in recent years. Healthcare apps enable people to hire on-demand fitness and yoga trainers who can provide them with fitness and yoga training in person.
• The mobile segment is expected to hold the largest market share and expand at a CAGR of 17.1% from 2022 to 2030.
• The health and wellness segment is projected to grow at the highest CAGR over the forecast period.
• The industry has remarkably evolved across the US and Europe owing to the easy accessibility of products and services and quick payment options, which have been crucial factors affecting the market positively.

Read 120-page market research report, “Online On-demand Home Services Market Size, Share & Trends Analysis Report By Platform (Web, Mobile), By Type (Home Cleaning, Repairs & Maintenance, Health & Wellness), By Region, And Segment Forecasts, 2022 – 2030”, published by Grand View Research.

Online On Demand Home Services Market Growth & Trends

The rising number of advertising and marketing campaigns is a trend that will contribute to the market growth for online on-demand home services. Presently, vendors in the global market are launching advertisement campaigns through different platforms to generate customer awareness and retain a solid customer base. They have started using multiple strategic marketing tools to gain customers’ attention.

The recent outbreak of COVID-19 had an immense effect on the online on-demand home services market. Even though the epidemic damaged the world economy, demand for cloud computing increased due to the pandemic. As a result, significant players took full advantage of the crisis to create ways to reform their business models. There was the rapid growth of the e-commerce platform, which essentially aided the boost in market growth. Further, during the pandemic, a large population was inclined towards digitalization and essentially adopted smartphones, which resulted in high internet penetration. Thus, the market witnessed a heightening requirement even during the pandemic. Hence, the increased demand during the lockdown restrictions has primarily helped the market gain traction.

In Aug 2022, Amazon planned to add mental health support to its primary-care service. Amazon Care, Amazon’s primary-care service, intended to add behavioral health aid to its growing list of medical partners and offerings with Ginger, a mental health care provider. This facility will deliver Amazon Care users on-demand access to mental health professionals, like licensed psychiatrists or therapists. The move would observe the latest expansion of Amazon’s nascent primary-care business, which shows on-demand virtual care with the help of an app, uniting people with physicians for immediate care services.

Online On Demand Home Services Market Segmentation

Grand View Research has segmented the global online on-demand home services market based on platform, type, and region

Online On-demand Home Services Market – Platform Outlook (Revenue, USD Million, 2017 – 2030)

Online On-demand Home Services Market – Type Outlook (Revenue, USD Million, 2017 – 2030)

• Home cleaning
• Garden and Lawn Mowing
• maids
• Laundry
• car wash
• pest control
• Others
• Repairs and maintenance
• plumbing
• Electrical
• Carpentry
• Laptop Repair
• Mobile Repair
• Others
• Health and Wellness
• Beauty/salon services
• Fitness coach
• Physiotherapy
• Others
• Others
• baby sitting
• pet care
• Packing and moving
• Others

Online On-demand Home Services Market – Regional Outlook (Revenue, USD Million, 2017 – 2030)

• NorthAmerica
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• south korea
• Latin America
• Middle East & Africa

List of Key Players in Online On Demand Home Services Market

• Amazon.com, Inc.
• Angi Inc.
• mobile
• Helpling
• HomeAdvisor
• HouseJoy
• Task Easy
• TaskRabbit
• thumbtack
• Urban Company

Check out other studies published by Grand View Research:

• Online Gambling Market – The global online gambling market size is expected to reach USD 153.6 billion by 2030, registering a CAGR of 11.7% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growing consumer inclination toward betting apps and the introduction of the freemium model in online gambling are the major factors expected to drive market growth in the coming years.
• Online Video Platform Market – The global online video platform market size is expected to reach USD 22.85 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 18.4% from 2021 to 2028. The increasing adoption of video content for advertisement and branding activities over traditional marketing campaigns across sectors/industries , such as e-commerce, healthcare, manufacturing, and real estate, is driving the market. For instance, sellers on e-commerce sites such as Amazon and Zappos.com use product videos on their portals to provide customers a 360-degree view of products and help them choose the best match. The increased expenditure on online video advertisements is acting as a major factor driving the growth of the market. For instance, in 2019, SAMSUNG Electronics spent around USD 2.41 billion majorly on an online video campaign to promote its Galaxy series smartphones in the US
• Online Event Ticketing Market – The global online event ticketing market size is expected to reach USD 67.99 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 4.3% CAGR during the forecast period. Growing demand for online ticketing can be attributed to increased Internet accessibility and overall hassle-free experience in booking processes.

Browse through Grand View Research’s Digital Media Industry Research Reports.

About Grand View Research

Grand View Research, US-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in san francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SAN FRANCISCO, Feb 22, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, released today its report titled “Heating, Ventilation and Air Conditioning (HVAC) Systems – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Heating, Ventilation and Air Conditioning (HVAC) Systems – FEB 2022 Report

FACTS AT A GLANCE
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Edition: 11; Released: February 2022
Executive Pool: 12911
Companies: 136 – Players covered include Daikin Industries Ltd.; Danfoss A/S; Electrolux AB; Emerson Electric Company; Fujitsu Ltd.; GREE, Inc.; Hitachi Ltd.; Honeywell International, Inc.; Ingersoll Rand PLC; Johnson Controls International PLC; Lennox International Inc.; LG Electronics Inc.; Midea Group Co., Ltd.; Mitsubishi Electric Corporation; Nortek Global HVAC LLC; Panasonic Corporation; Qingdao Haier Co., Ltd.; Samsung Electronics Co., Ltd.; United Technologies Corporation (UTC); Whirlpool Corporation and Others.
Coverage: All major geographies and key segments
Segments: Segment (Cooling Systems, Heating Systems, Ventilation Systems); implementation (new construction, retrofit); Applications (commercial, residential, industrial)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; south korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); other Africa.

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ABSTRACT

Global Heating, Ventilation and Air Conditioning (HVAC) Systems Market to Reach US$252.7 trillion by the year 2026
Heating, ventilation, and air conditioning (HVAC) systems are important and indispensable with omnipresent applications in virtually all buildings and factories. HVAC systems are extensively employed in residential and commercial buildings across various sectors, including education, healthcare, retail, office, government and airport. Growth in the market is anticipated to be propelled by increasing demand for energy-efficient HVAC systems for reducing energy consumption and carbon emissions. Rising concerns about climate change, increasing energy prices and carbon emissions continue to push the adoption of HVAC systems in commercial spaces. The market is also set to gain from the increasing demand for energy saving products. Rebates for energy-efficient systems such as air conditioning and HVAC are encouraging commercial building users to implement and upgrade HVAC systems. In recent years the industry witnessed a sea of ​​change in the technology employed largely as a result of consumers’ desire to have advanced micro controls integrated into their systems, and also due to a spurt in demand for eco-friendly refrigerants. Therefore, technology improvements in the recent past have been geared towards meeting energy efficiency levels mandated by Governments across the world and convenience expected by average consumers. The performance of the HVAC market also bears a direct correlation with the expansion of the construction industry. The increasing focus of companies in the construction industry on sustainable building designs is expected to also create the requirement of eco-friendly HVAC systems built on new technology or alternative power sources.

Amid the COVID-19 crisis, the global market for Heating, Ventilation and Air Conditioning (HVAC) Systems estimated at US$193.2 trillion in the year 2022, is projected to reach a revised size of US$252.7 trillion by 2026, growing at a CAGR of 6.3% over the analysis period. Cooling Systems, one of the segments analyzed in the report, is projected to grow at a 6.6% CAGR to reach US$198.3 trillion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Heating Systems segment is readjusted to a revised 5.6% CAGR for the next 7-year period. This segment currently accounts for a 17.8% share of the global Heating, Ventilation and Air Conditioning (HVAC) Systems market. Demand for heat pumps is attributed to availability of systems with advanced functions that allow space heating and cooling while also heating water. The ability of heat pumps to offer higher efficiency as compared to other space heating and cooling unit is expected to further increase their adoption in the coming years. The climate change and gradually increasing average temperature are driving the adoption of cooling equipment during summers.

The US Market is Estimated at $32.6 trillion in 2022, While China is Forecast to Reach $53.3 trillion by 2026
The Heating, Ventilation and Air Conditioning (HVAC) Systems market in the US is estimated at US$32.6 trillion in the year 2022. The country currently accounts for a 16.9% share in the global market. Chinathe world’s second largest economy, is forecast to reach an estimated market size of US$53.3 trillion in the year 2026 trailing a CAGR of 7.2% through the analysis period. Among the other noteworthy geographic markets are Japan other Canada, each forecast to grow at 4.2% and 6.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR while Rest of European market (as defined in the study) will reach US$10.6 trillion by the end of the analysis period. The demand for air conditioners in developing regions such as Asia Pacific is very high with some households owning more than one appliance, whereas the demand for air conditioners from the developed regions remains comparatively low. The market in Asia Pacific is anticipated to also benefit from technological advancements and increasing investment in the consumer electronics sector across the region. The market in developed regions is propelled by rising consumer awareness about star-labeled HVAC products, increasing use of VRV and adoption of inverter-based air conditioning systems.

Ventilation Systems Segment to Reach $22.9 trillion by 2026
In the global Ventilation Systems segment, United States, Canada, Japan, China other Europe will drive the 4.26% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12 trillion will reach a projected size of US$16.2 trillion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, Indiaand south koreathe market in Asia Pacific is forecast to reach US$5 trillion by the year 2026, while Latin America will expand at a 5.5% CAGR through the analysis period. More

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SOURCE Global Industry Analysts, Inc.

The post New Examine from StrategyR Highlights a $252.7 Billion World Marketplace for Heating, Air flow and Air Conditioning (HVAC) Techniques by 2026 appeared first on Los Gatos News And Events.

SAN FRANCISCO, Sept 21, 2022 /PRNewswire/ — The global HVAC systems market size is anticipated to reach USD 234.9 billion by 2030, according to a new study by Grand View Research Inc. The market is expected to expand at a CAGR of 6.3% from 2022 to 2030. The rising adoption of energy-efficient and renewable energy products is anticipated to be a significant driving factor for HVAC demand. Demand for eco-friendly systems, and advanced technology usage in products including software and automation, are a few key factors contributing to the industry’s success. The growing usage of ACs in homes, as well as offices, has favored the HVAC industry over the years. To further boost this demand, rising incomes and standard of living in several emerging economies have also driven business profitability in recent years.

Grand_View_Research_Logo

Key Industry Insights & Findings from the report:

• The ventilation systems segment captured more than 15.0% of the overall revenue share in 2021. The growing importance of maintaining optimum indoor air quality is expected to drive segment growth over the forecast period.

• The cooling systems segment emerged as the dominant segment in 2021 and accounted for more than 50.0% of the total revenue share in the same year. Urbanization of tropics and subtropical regions of the world will give rise to energy demand to meet thermal comforts. As such the cooling segment will witness a healthy demand over the forecast period.

• The booming real-estate sector will create opportunities for HVAC in both residential and commercial sectors; however, commercial demand instigated by increased spending on infrastructure will witness a CAGR of more than 5.0% from 2022 to 2030.

• Asia Pacific dominated the market and accounted for a revenue share of more than 40% in 2021. Rising temperatures and industrial growth in the region will favor demand over the forecast period.

• Since the outbreak of coronavirus, key players operating in the market are focused on introducing products that can improve the air quality. In February 2020, Havells India Ltd. launched Grande heavy duty air conditioner under its brand Llyod. The AC features Catechin coated dust filter and Green Bio air filter along with anti-bacterial Eva Coils, which enhances the room air quality.

Read 134 page full market research report for more Insights, “HVAC Systems Market Size, Share & Trends Analysis Report By Product (Heating, Ventilation, Cooling), By End Use (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2022 – 2030”, published by Grand View Research.

HVAC Systems Market Growth & Trends

The growing popularity of ductless HVAC (heating, ventilation, and air conditioning) is also gaining traction and will create avenues for market growth over the mid-term. Installing ACs in buildings without ducts is an impossible task and this is where ductless systems come to save the day. These compact units can be installed almost anywhere devoid of ducts. Apart from new product development energy-efficient and tech-savvy products are also carving a niche for themselves in the market. For instance, products that work on geothermal technologies or renewable energy sources are helping consumers cut energy costs while benefitting OEMs meet sustainability targets.

Apart from efficiency, technology is also making this a lucrative market. Building automation systems are popular among contractors and architects. Therefore, the demand for Building Automation Systems (BAS) is gaining traction, as such creating avenues for the market. Further, ACs are no longer operated manually but can be controlled remotely with a smartphone, PC, or tablet. This functionality and smart feature is also emerging as a popular trend in the market creating revenue streams for manufacturers.

HVAC Systems Market Segmentation

Grand View Research has segmented the global HVAC systems market based on product, end use, and region:

HVAC Systems Market – Product Outlook (Revenue, USD Billion, 2018 – 2030)

• heating

• ventilation

• cooling

HVAC Systems Market – End-use Outlook (Revenue, USD Billion, 2018 – 2030)

• residential

• Commercial

• Industrial

HVAC Systems Market – Regional Outlook (Revenue, USD Billion, 2018 – 2030)

List of Key Players in HVAC Systems Market

• Carrier Corporation

• Daikin Industries, Ltd.

• Emerson Electric Co.

• Hitachi Ltd.

• Johnson Controls International plc

• Lennox International, Inc.

• Trane Technologies

Check out more related studies published by Grand View Research:

• Hospital HVAC Systems Market – The global hospital HVAC systems market size is expected to reach USD 11.34 billion by 2025, registering a CAGR of 7.2% over the forecast period, according to a study conducted by Grand View Research, Inc. Hospitals have specific requirements in terms of air quality and aseptic conditions owing to critical health condition of patients. The imminent need to ensure requisite temperature coupled with rising awareness regarding maintaining a clean and hygienic environment at healthcare facilities is anticipated to positively affect the growth.

• Plate & Frame Heat Exchanger Market – The global plate & frame heat exchanger market size is expected to reach USD 8.80 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.4% over the forecast period. Rising demand in manufacturing facilities as an effective heating solution, minimal maintenance, durability, and life cycle cost is expected to drive the industry growth. The majority of processes in petrochemical plants operate at high temperatures and pressures, necessitating heat transfer process optimization and enhancing energy savings. The global industry is driven by added benefits, such as compact design and easier maintenance, coupled with growing demand in the chemical and petrochemical industries.

• Medium And High Power Motors Market – The global medium and high power motors market is expected to reach USD 88.93 billion by 2022, according to a new study by Grand View Research, Inc. Positive outcome of the manufacturing industries coupled with the implementation of stringent regulations pertaining to the electricity consumption is expected to escalate industry growth over the forecast period. Additionally, increasing replacement of aging electric motors may also elevate demand over the coming years.

Browse through Grand View Research’s Advanced Interior Materials Industry Research Reports.

About Grand View Research

Grand View Research, US-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in san francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

SherryJames
corporate sales specialist United States
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

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SOURCE Grand View Research, Inc.

The post HVAC Programs Market to be Price $234.9 Billion by 2030: Grand View Analysis, Inc. appeared first on Los Gatos News And Events.

SAN FRANCISCO, Sept 21, 2022 /PRNewswire/ — The global HVAC systems market size is anticipated to reach USD 234.9 billion by 2030, according to a new study by Grand View Research Inc. The market is expected to expand at a CAGR of 6.3% from 2022 to 2030. The rising adoption of energy-efficient and renewable energy products is anticipated to be a significant driving factor for HVAC demand. Demand for eco-friendly systems, and advanced technology usage in products including software and automation, are a few key factors contributing to the industry’s success. The growing usage of ACs in homes, as well as offices, has favored the HVAC industry over the years. To further boost this demand, rising incomes and standard of living in several emerging economies have also driven business profitability in recent years.

Key Industry Insights & Findings from the report:

• The ventilation systems segment captured more than 15.0% of the overall revenue share in 2021. The growing importance of maintaining optimum indoor air quality is expected to drive segment growth over the forecast period.
• The cooling systems segment emerged as the dominant segment in 2021 and accounted for more than 50.0% of the total revenue share in the same year. Urbanization of tropics and subtropical regions of the world will give rise to energy demand to meet thermal comforts. As such the cooling segment will witness a healthy demand over the forecast period.
• The booming real-estate sector will create opportunities for HVAC in both residential and commercial sectors; however, commercial demand instigated by increased spending on infrastructure will witness a CAGR of more than 5.0% from 2022 to 2030.
• Asia Pacific dominated the market and accounted for a revenue share of more than 40% in 2021. Rising temperatures and industrial growth in the region will favor demand over the forecast period.
• Since the outbreak of coronavirus, key players operating in the market are focused on introducing products that can improve the air quality. In February 2020, Havells India Ltd. launched Grande heavy duty air conditioner under its brand Llyod. The AC features Catechin coated dust filter and Green Bio air filter along with anti-bacterial Eva Coils, which enhances the room air quality.

Read 134 page full market research report for more Insights, “HVAC Systems Market Size, Share & Trends Analysis Report By Product (Heating, Ventilation, Cooling), By End Use (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2022 – 2030”, published by Grand View Research.

HVAC Systems Market Growth & Trends

The growing popularity of ductless HVAC (heating, ventilation, and air conditioning) is also gaining traction and will create avenues for market growth over the mid-term. Installing ACs in buildings without ducts is an impossible task and this is where ductless systems come to save the day. These compact units can be installed almost anywhere devoid of ducts. Apart from new product development energy-efficient and tech-savvy products are also carving a niche for themselves in the market. For instance, products that work on geothermal technologies or renewable energy sources are helping consumers cut energy costs while benefitting OEMs meet sustainability targets.

Apart from efficiency, technology is also making this a lucrative market. Building automation systems are popular among contractors and architects. Therefore, the demand for Building Automation Systems (BAS) is gaining traction, as such creating avenues for the market. Further, ACs are no longer operated manually but can be controlled remotely with a smartphone, PC, or tablet. This functionality and smart feature is also emerging as a popular trend in the market creating revenue streams for manufacturers.

HVAC Systems Market Segmentation

Grand View Research has segmented the global HVAC systems market based on product, end use, and region:

HVAC Systems Market – Product Outlook (Revenue, USD Billion, 2018 – 2030)

• Heating
• ventilation
• cooling

HVAC Systems Market – End-use Outlook (Revenue, USD Billion, 2018 – 2030)

• residential
• Commercial
• Industrial

HVAC Systems Market – Regional Outlook (Revenue, USD Billion, 2018 – 2030)

• NorthAmerica
• Europe
• u.K.
• Germany
• France
• Italy
• Spain
• Latvia
• Asia Pacific
• India
• China
• Japan
• south korea
• Australia
• South America
• Middle East & Africa (MEA)

List of Key Players in HVAC Systems Market

• Carrier Corporation
• Daikin Industries, Ltd.
• Emerson Electric Co.
• Hitachi Ltd.
• Johnson Controls International plc
• Lennox International, Inc.
• Trane Technologies

Check out more related studies published by Grand View Research:

• Hospital HVAC Systems Market – The global hospital HVAC systems market size is expected to reach USD 11.34 billion by 2025, registering a CAGR of 7.2% over the forecast period, according to a study conducted by Grand View Research, Inc. Hospitals have specific requirements in terms of air quality and aseptic conditions owing to critical health condition of patients. The imminent need to ensure requisite temperature coupled with rising awareness regarding maintaining a clean and hygienic environment at healthcare facilities is anticipated to positively affect the growth.
• Plate & Frame Heat Exchanger Market – The global plate & frame heat exchanger market size is expected to reach USD 8.80 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.4% over the forecast period. Rising demand in manufacturing facilities as an effective heating solution, minimal maintenance, durability, and life cycle cost is expected to drive the industry growth. The majority of processes in petrochemical plants operate at high temperatures and pressures, necessitating heat transfer process optimization and enhancing energy savings. The global industry is driven by added benefits, such as compact design and easier maintenance, coupled with growing demand in the chemical and petrochemical industries.
• Medium And High Power Motors Market – The global medium and high power motors market is expected to reach USD 88.93 billion by 2022, according to a new study by Grand View Research, Inc. Positive outcome of the manufacturing industries coupled with the implementation of stringent regulations pertaining to the electricity consumption is expected to escalate industry growth over the forecast period. Additionally, increasing replacement of aging electric motors may also elevate demand over the coming years.

Browse through Grand View Research’s Advanced Interior Materials Industry Research Reports.

About Grand View Research

Grand View Research, US-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in san francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

SherryJames
corporate sales specialist United States
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
E-mail: [email protected]
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

SOURCE Grand View Research, Inc.

The post HVAC Techniques Market to be Price $234.9 Billion by 2030: Grand View Analysis, Inc. appeared first on Los Gatos News And Events.

SAN FRANCISCO, Sept 21, 2022 /PRNewswire/ — The global HVAC systems market size is anticipated to reach USD 234.9 billion by 2030, according to a new study by Grand View Research Inc. The market is expected to expand at a CAGR of 6.3% from 2022 to 2030. The rising adoption of energy-efficient and renewable energy products is anticipated to be a significant driving factor for HVAC demand. Demand for eco-friendly systems, and advanced technology usage in products including software and automation, are a few key factors contributing to the industry’s success. The growing usage of ACs in homes, as well as offices, has favored the HVAC industry over the years. To further boost this demand, rising incomes and standard of living in several emerging economies have also driven business profitability in recent years.

Grand_View_Research_Logo

Key Industry Insights & Findings from the report:

• The ventilation systems segment captured more than 15.0% of the overall revenue share in 2021. The growing importance of maintaining optimum indoor air quality is expected to drive segment growth over the forecast period.

• The cooling systems segment emerged as the dominant segment in 2021 and accounted for more than 50.0% of the total revenue share in the same year. Urbanization of tropics and subtropical regions of the world will give rise to energy demand to meet thermal comforts. As such the cooling segment will witness a healthy demand over the forecast period.

• The booming real-estate sector will create opportunities for HVAC in both residential and commercial sectors; however, commercial demand instigated by increased spending on infrastructure will witness a CAGR of more than 5.0% from 2022 to 2030.

• Asia Pacific dominated the market and accounted for a revenue share of more than 40% in 2021. Rising temperatures and industrial growth in the region will favor demand over the forecast period.

• Since the outbreak of coronavirus, key players operating in the market are focused on introducing products that can improve the air quality. In February 2020, Havells India Ltd. launched Grande heavy duty air conditioner under its brand Llyod. The AC features Catechin coated dust filter and Green Bio air filter along with anti-bacterial Eva Coils, which enhances the room air quality.

Read 134 page full market research report for more Insights, “HVAC Systems Market Size, Share & Trends Analysis Report By Product (Heating, Ventilation, Cooling), By End Use (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2022 – 2030”, published by Grand View Research.

HVAC Systems Market Growth & Trends

The growing popularity of ductless HVAC (heating, ventilation, and air conditioning) is also gaining traction and will create avenues for market growth over the mid-term. Installing ACs in buildings without ducts is an impossible task and this is where ductless systems come to save the day. These compact units can be installed almost anywhere devoid of ducts. Apart from new product development energy-efficient and tech-savvy products are also carving a niche for themselves in the market. For instance, products that work on geothermal technologies or renewable energy sources are helping consumers cut energy costs while benefitting OEMs meet sustainability targets.

Apart from efficiency, technology is also making this a lucrative market. Building automation systems are popular among contractors and architects. Therefore, the demand for Building Automation Systems (BAS) is gaining traction, as such creating avenues for the market. Further, ACs are no longer operated manually but can be controlled remotely with a smartphone, PC, or tablet. This functionality and smart feature is also emerging as a popular trend in the market creating revenue streams for manufacturers.

HVAC Systems Market Segmentation

Grand View Research has segmented the global HVAC systems market based on product, end use, and region:

HVAC Systems Market – Product Outlook (Revenue, USD Billion, 2018 – 2030)

• Heating

• ventilation

• cooling

HVAC Systems Market – End-use Outlook (Revenue, USD Billion, 2018 – 2030)

• residential

• Commercial

• Industrial

HVAC Systems Market – Regional Outlook (Revenue, USD Billion, 2018 – 2030)

List of Key Players in HVAC Systems Market

• Carrier Corporation

• Daikin Industries, Ltd.

• Emerson Electric Co.

• Hitachi Ltd.

• Johnson Controls International plc

• Lennox International, Inc.

• Trane Technologies

Check out more related studies published by Grand View Research:

• Hospital HVAC Systems Market – The global hospital HVAC systems market size is expected to reach USD 11.34 billion by 2025, registering a CAGR of 7.2% over the forecast period, according to a study conducted by Grand View Research, Inc. Hospitals have specific requirements in terms of air quality and aseptic conditions owing to critical health condition of patients. The imminent need to ensure requisite temperature coupled with rising awareness regarding maintaining a clean and hygienic environment at healthcare facilities is anticipated to positively affect the growth.

• Plate & Frame Heat Exchanger Market – The global plate & frame heat exchanger market size is expected to reach USD 8.80 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.4% over the forecast period. Rising demand in manufacturing facilities as an effective heating solution, minimal maintenance, durability, and life cycle cost is expected to drive the industry growth. The majority of processes in petrochemical plants operate at high temperatures and pressures, necessitating heat transfer process optimization and enhancing energy savings. The global industry is driven by added benefits, such as compact design and easier maintenance, coupled with growing demand in the chemical and petrochemical industries.

• Medium And High Power Motors Market – The global medium and high power motors market is expected to reach USD 88.93 billion by 2022, according to a new study by Grand View Research, Inc. Positive outcome of the manufacturing industries coupled with the implementation of stringent regulations pertaining to the electricity consumption is expected to escalate industry growth over the forecast period. Additionally, increasing replacement of aging electric motors may also elevate demand over the coming years.

Browse through Grand View Research’s Advanced Interior Materials Industry Research Reports.

About Grand View Research

Grand View Research, US-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in san francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

SherryJames
corporate sales specialist United States
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

surgery

View original content:https://www.prnewswire.com/news-releases/hvac-systems-market-to-be-worth-234-9-billion-by-2030-grand-view-research-inc-301629682. html

SOURCE Grand View Research, Inc.

The post HVAC Techniques Market to be Price $234.9 Billion by 2030: Grand View Analysis, Inc. appeared first on Los Gatos News And Events.

SAN FRANCISCO, Sept 21, 2022 /PRNewswire/ — The global HVAC systems market size is anticipated to reach USD 234.9 billion by 2030, according to a new study by Grand View Research Inc. The market is expected to expand at a CAGR of 6.3% from 2022 to 2030. The rising adoption of energy-efficient and renewable energy products is anticipated to be a significant driving factor for HVAC demand. Demand for eco-friendly systems, and advanced technology usage in products including software and automation, are a few key factors contributing to the industry’s success. The growing usage of ACs in homes, as well as offices, has favored the HVAC industry over the years. To further boost this demand, rising incomes and standard of living in several emerging economies have also driven business profitability in recent years.

Key Industry Insights & Findings from the report:

• The ventilation systems segment captured more than 15.0% of the overall revenue share in 2021. The growing importance of maintaining optimum indoor air quality is expected to drive segment growth over the forecast period.
• The cooling systems segment emerged as the dominant segment in 2021 and accounted for more than 50.0% of the total revenue share in the same year. Urbanization of tropics and subtropical regions of the world will give rise to energy demand to meet thermal comforts. As such the cooling segment will witness a healthy demand over the forecast period.
• The booming real-estate sector will create opportunities for HVAC in both residential and commercial sectors; however, commercial demand instigated by increased spending on infrastructure will witness a CAGR of more than 5.0% from 2022 to 2030.
• Asia Pacific dominated the market and accounted for a revenue share of more than 40% in 2021. Rising temperatures and industrial growth in the region will favor demand over the forecast period.
• Since the outbreak of coronavirus, key players operating in the market are focused on introducing products that can improve the air quality. In February 2020, Havells India Ltd. launched Grande heavy duty air conditioner under its brand Llyod. The AC features Catechin coated dust filter and Green Bio air filter along with anti-bacterial Eva Coils, which enhances the room air quality.

Read 134 page full market research report for more Insights, “HVAC Systems Market Size, Share & Trends Analysis Report By Product (Heating, Ventilation, Cooling), By End Use (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2022 – 2030”, published by Grand View Research.

HVAC Systems Market Growth & Trends

The growing popularity of ductless HVAC (heating, ventilation, and air conditioning) is also gaining traction and will create avenues for market growth over the mid-term. Installing ACs in buildings without ducts is an impossible task and this is where ductless systems come to save the day. These compact units can be installed almost anywhere devoid of ducts. Apart from new product development energy-efficient and tech-savvy products are also carving a niche for themselves in the market. For instance, products that work on geothermal technologies or renewable energy sources are helping consumers cut energy costs while benefitting OEMs meet sustainability targets.

Apart from efficiency, technology is also making this a lucrative market. Building automation systems are popular among contractors and architects. Therefore, the demand for Building Automation Systems (BAS) is gaining traction, as such creating avenues for the market. Further, ACs are no longer operated manually but can be controlled remotely with a smartphone, PC, or tablet. This functionality and smart feature is also emerging as a popular trend in the market creating revenue streams for manufacturers.

HVAC Systems Market Segmentation

Grand View Research has segmented the global HVAC systems market based on product, end use, and region:

HVAC Systems Market – Product Outlook (Revenue, USD Billion, 2018 – 2030)

• heating
• ventilation
• cooling

HVAC Systems Market – End-use Outlook (Revenue, USD Billion, 2018 – 2030)

• residential
• Commercial
• Industrial

HVAC Systems Market – Regional Outlook (Revenue, USD Billion, 2018 – 2030)

• NorthAmerica
• Europe
• u.K.
• Germany
• France
• Italy
• Spain
• Latvia
• Asia Pacific
• India
• China
• Japan
• south korea
• Australia
• South America
• Middle East & Africa (MEA)

List of Key Players in HVAC Systems Market

• Carrier Corporation
• Daikin Industries, Ltd.
• Emerson Electric Co.
• Hitachi Ltd.
• Johnson Controls International plc
• Lennox International, Inc.
• Trane Technologies

Check out more related studies published by Grand View Research:

• Hospital HVAC Systems Market – The global hospital HVAC systems market size is expected to reach USD 11.34 billion by 2025, registering a CAGR of 7.2% over the forecast period, according to a study conducted by Grand View Research, Inc. Hospitals have specific requirements in terms of air quality and aseptic conditions owing to critical health condition of patients. The imminent need to ensure requisite temperature coupled with rising awareness regarding maintaining a clean and hygienic environment at healthcare facilities is anticipated to positively affect the growth.
• Plate & Frame Heat Exchanger Market – The global plate & frame heat exchanger market size is expected to reach USD 8.80 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.4% over the forecast period. Rising demand in manufacturing facilities as an effective heating solution, minimal maintenance, durability, and life cycle cost is expected to drive the industry growth. The majority of processes in petrochemical plants operate at high temperatures and pressures, necessitating heat transfer process optimization and enhancing energy savings. The global industry is driven by added benefits, such as compact design and easier maintenance, coupled with growing demand in the chemical and petrochemical industries.
• Medium And High Power Motors Market – The global medium and high power motors market is expected to reach USD 88.93 billion by 2022, according to a new study by Grand View Research, Inc. Positive outcome of the manufacturing industries coupled with the implementation of stringent regulations pertaining to the electricity consumption is expected to escalate industry growth over the forecast period. Additionally, increasing replacement of aging electric motors may also elevate demand over the coming years.

Browse through Grand View Research’s Advanced Interior Materials Industry Research Reports.

About Grand View Research

Grand View Research, US-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in san francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.

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