Worldwide HVAC Equipment Industry to 2026 – Insights and Forecast with Impact of COVID-19 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The Global HVAC Equipment Market (2021 Edition): Analysis by Equipment Type (Heating, Cooling, Ventilation), by End User, by Regions, by Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026) report has been added to ResearchAndMarkets.com’s offer.

The global HVAC equipment market was valued at USD 84.65 billion in the year 2020. The global HVAC equipment market is growing lucratively thanks to the use of natural refrigerants, such as CO2, coupled with increasing efforts by various governments around the world to promote energy. -Efficient products are expected to drive the market.

The major factors driving the HVAC equipment market include an increase in new households, rising average construction spending, rising government spending on sustainable building development, rapid urbanization, and growth of disposable income in various economies.

The APAC region had the largest share of the global HVAC equipment market. Climate is a major factor that will drive demand for HVAC products in the APAC region. Countries like Australia experience extreme climatic conditions. Countries in Southeast Asia such as Thailand and Malaysia are known for their wet and humid climates. People in the Asia-Pacific region are looking for energy-efficient air conditioners to compensate for hot and extreme weather conditions.

The COVID-19 pandemic is limiting the supply of HVAC equipment and other control components due to severe disruptions in the global supply chain. So the projected growth of the HVAC control market in various application segments is expected to slow down. Because social distancing is the primary way to contain the spread of the disease, many HVAC companies are forced to temporarily close, lay off employees or switch to operating remotely.

Cooling systems are mainly used in summer to maintain the comfort level of a confined space by controlling the warm air with the introduction of conditioned air. Refrigeration equipment is segmented into room air conditioners, split ac, unit air conditioners, VRF systems, chillers, chillers and cooling towers.

HVAC systems provide thermal comfort to the occupants of a building or room, along with indoor air quality. HVAC systems used for residential purposes maintain a constant temperature, provide varying levels of humidity and improve air quality. These systems can be classified into local or central systems based on zones, locations and air distributions. In addition, increasing urbanization has resulted in the increasing adoption of HVAC systems for residential purposes.

Scope of the report:

  • The report presents the analysis of the HVAC Equipment market for the historical period 2016-2020 and the forecast period 2021-2026.

  • The report analyzes the HVAC equipment market by equipment types (heating equipment, cooling equipment, ventilation equipment).

  • The report analyzes the HVAC Equipment market by end user (residential, commercial, industrial).

  • The HVAC Equipment market has been analyzed by region (America, Europe, Asia-Pacific, MEA) and by country (United States, Canada, Mexico, United Kingdom, Germany, France, China, Japan, India, South Korea).

  • The attractiveness of the market is also shown per region, type of equipment, end user. Also, the industry’s key opportunities, trends, drivers, and challenges are analyzed in the report.

  • The report tracks competitive developments, strategies, mergers and acquisitions, and new product development. The companies analyzed in the report include Daikin, Carrier, Trane Technologies, Johnson Control, Honeywell International Inc, LG Electronics, Lennox International, Mitsubishi Electric, Emerson, Rheem.

Main topics covered:

1. Scope and methodology of the report

2. Strategic Recommendations

2.1 Focus on merger and acquisition for better business growth

2.2 Focus on CO2 reduction

2.3 Increasing research and development spending

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)

5.4.1 Competitive Scenario of the HVAC Equipment Market: By Refrigeration Equipment (2020 and 2026)

5.4.2 Refrigeration Equipment Sub-segment – Market Size and Forecast (2016-2026)

5.5 Through Ventilation Equipment – Market Size and Forecast (2016-2026)

5.5.1 Competition Scenario of the HVAC Equipment Market: By Ventilation Equipment (2020 and 2026)

5.5.2 Ventilation Equipment Sub-segment – 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 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 the Global HVAC Equipment Market: by Regions (2020 and 2026)

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

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

10. Asia-Pacific HVAC Equipment Market: An Analysis (2016-2026)

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

13.1 Market share of leading companies

14. Company Profiles

14.1 Daikin

14.2 Carrier

14.3 Trane technologies

14.4 Johnson Control

14.5 Honeywell International Inc

14.6 LG Electronics

14.7 Lennox International

14.8 Mitsubishi Electric

14.9 Emerson

14.10 Rheem

15. About the Publisher

For more information about this report, visit https://www.researchandmarkets.com/r/9tssnp

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