Global HVAC equipment market size to grow significantly

Pune, India, Sept. 7, 2021 (GLOBE NEWSWIRE) — According to expert analysts, worldwide Market for HVAC equipment: size was worth USD 84.65 billion in 2020 and is expected to make significant gains in 2021-2026. Factors such as increased use of natural refrigerants such as CO2, along with government-led initiatives to promote energy-efficient equipment, are fueling industry expansion.

The report segments the market based on type size and end user spectrum while highlighting crucial factors such as revenue earned, sales accrued, consumption volume, and contribution to the overall valuation. It also provides a detailed assessment of the regional landscape with data on the prevailing trends and lucrative growth prospects in different regions.

It further provides a comprehensive overview of the major companies operating in the market, including insights such as industry position, pricing patterns, gross margins of each company, in addition to the latest developments such as partnerships, acquisitions and mergers.

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Moreover, the increase in the number of new households, rapid urbanization, the increase in average construction expenditure, investments aimed at the development of sustainable buildings and the increase in the disposable income of individuals further stimulate the progress of the industry.

For the inexperienced, HVAC systems are used to maintain a constant temperature in both residential and commercial buildings. They also filter and clean the indoor air while regulating the humidity.

Covid-19 impact

The coronavirus pandemic has negatively impacted the growth of the global HVAC equipment industry due to a disrupted supply chain. To adhere to the social distancing protocol as a measure to contain the spread of COVID-19, several HVAC manufacturers, distributors and retailers have been forced to either temporarily close, reduce the number of employees or operate remotely. .

Market segmentation explanation

The global HVAC equipment market is segmented based on the type of application area (heating, cooling, and ventilation) and end-user spectrum (commercial, residential, and industrial).

Elaboration of geographical terrain

Seasonal analysts say that the Asia-Pacific market is expected to make remarkable gains in 2021-2026, due to the different climatic conditions in different countries of the region. For example, Australia is known for its extreme climatic conditions, while Southeast Asian countries such as Thailand and Malaysia have a hot and humid climate, which in turn increases the demand for energy-efficient HVAC systems to survive in such weather.

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enumerate competition hierarchy

The major players in the 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 (Yield, USD Million, 2016-2026)

Heating

Cooling

Ventilation

  • Humidifiers
  • air purifiers
  • Air filters

Global HVAC Equipment Market, by End User (Revenue, Million USD, 2016-2026)

  • residential
  • Advertisement
  • industrial

Global HVAC Equipment Market, by Regions (Revenue, USD Million, 2016-2026)

America

Europe

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea

Middle East and Africa

Global HVAC Equipment Market, Competitive Analysis (Revenue, Million USD, 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 contents:

1. Scope and methodology of the report

1.1 Scope of the report

1.2 Research methodology

1.3 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 the HVAC Equipment Market

4.3 Global HVAC Equipment Market: Growth and Forecast

5. Global HVAC Equipment Market Segmentation, by Equipment Type (Value)

5.1 Global HVAC Equipment Market: Segment Analysis:

5.2 Competition scenario of the HVAC equipment market: by type of equipment (2020 and 2026)

5.3 By Heating Equipment – Market Size and Forecast (2016-2026)

5.3.1 Competitive Scenario of the HVAC Equipment Market: By Heating Equipment (2020 and 2026)

5.3.2 Heating Equipment Sub-segment – Market Size and Forecast (2016-2026)

5.4 By Refrigeration 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 Competition Scenario of the HVAC Equipment Market: by End User (2020 and 2026)

6.3 Per home – Market size and forecast (2016-2026)

6.4 By commercial – Market size and forecast (2016-2026)

6.5 By industry – market size and forecast (2016-2026)

7. Global HVAC Equipment Market: Regional Analysis

7.1 Competitive Scenario of the Global HVAC Equipment Market: by Regions (2020 and 2026)

8. America’s HVAC Equipment Market: An Analysis (2016-2026)

8.1 Americas HVAC Equipment Market by Value: Size and Forecast (2016-2026)

8.2 America’s HVAC Equipment Market: Leading Companies

8.3 Market segmentation by type of equipment (heating equipment, cooling equipment, ventilation equipment)

8.4 Market segmentation by end user (residential, commercial, industrial)

8.5 Americass HVAC Equipment Market Segmented Analysis:

9. Europe HVAC Equipment Market: An Analysis (2016-2026)

9.1 Europe HVAC Equipment Market Value: Size and Forecast (2016-2026)

9.2 European HVAC Equipment Market: Leading Companies

9.3 Market segmentation by type of equipment (heating equipment, cooling equipment, ventilation equipment)

9.4 Market segmentation by end user (residential, commercial, industrial)

9.5 Europe HVAC Equipment Market: Segmented 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: Leading Companies

10.3 Market Segmentation by Equipment Type (Heating Equipment, Refrigeration Equipment, Ventilation Equipment)

10.4 Market segmentation by end user (residential, commercial, industrial)

10.5 Asia-Pacific HVAC Equipment Market Segmented Analysis:

11. Global Market Dynamics for HVAC Equipment

11.1 Global HVAC Equipment Market Drivers

11.2 Restrictions in the Global HVAC Equipment Market

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 Attraction Chart of Global HVAC Equipment Market – by Heating Equipment (Year 2026)

12.1.2 Market Attraction Chart of Global HVAC Equipment Market – by Refrigeration Equipment (Year 2026)

12.1.3 Market Attraction 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 Regions (Year 2026)

13. Competitive Landscape

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