Tag Archives: HVAC Equipment Market

Quest to Attain Infrastructural Prominence in Commercial and Residential Spaces Expands ****** HVAC Equipment Market

The ****** HVAC equipment market has been growing amidst a scenario of intense competition amongst market players. The competition in the market has reached unprecedented levels so much so that each market player is on its toes to invent better business strategies. Mergers and acquisitions are expected to become the watchword for large market players who want to eliminate small players. When Daikin acquired Goodman, it was evident that the former would now be able to exert more influence in the North American market. The market players are also focused towards staying abreast of the latest developments in the heating, ventilation, and air conditioning (HVAC) industry. The expansion of the product portfolio is also projected to play to the advantage of the market entities. The contemporary market players are LG Corporation, Lennox International Inc., Carrier Corporation, Samsung Electronics., Haier Ltd., AB Electrolux, Panasonic Corporation, and Daikin Industries Ltd. These market players are expected to come up with key business strategies, cost-cutting hacks, and other vital steps to reap profits from the market.

HVAC Equipment Market to Undertake Strapping Growth During 2022

The ****** HVAC equipments market is forecast to record moderate growth rate for the period 2012 – 2018. The market is expected to be dominated by cooling systems, which are estimated to account for more than eight deciles of the overall industry growth. Of the different macroeconomic and microeconomic factors influencing the growth trends worldwide, rise in the number of new households, increase in disposable income, surge in demand for energy efficient and environment friendly products, and need of product upgrade or replacement demand are seen as key determinants. However, the latter is more prominent in North America and Europe while the other factors are driving the demand across Asia Pacific and Rest of the World (RoW) regions.
The different HVAC equipments are broadly segmented into three types: heating equipments, cooling equipments, and ventilation equipments. Heat pumps among the heating equipments and room air conditioners among the cooling equipments are the fastest growing product types, and are collectively expected to account for more than fifty percent of the ****** market. This is due to enhanced energy efficiency provided by room air conditioners and multiple uses of heat pumps (for both heating and cooling). Moreover, the energy efficiency issues related with other heating equipments, such as furnaces, unitary heaters and boilers, is restricting their growth. These systems, except for unitary heaters, are widely used in district heating systems.