Press release
HVAC Equipment Market to Hit US$155.1 bn by 2022 | TMR
The rising demand for energy-efficient systems, coupled with the rise in consumer confidence, has led to the increased uptake of heating, ventilation, and air-condition (HVAC) equipment in recent years. Household consumers and end users from commercial and construction domains alike have become more inclined towards technologically innovative products to replace their traditional counterparts. Consequently, HVAC equipment suppliers are diversifying their product portfolios to cater to the consumer demand for advanced system design and technology.A recent report by Transparency Market Research, titled “HVAC Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” pegs the overall value of the global HVAC equipment market at US$91.3 bn in 2013. Rising at a positive CAGR of 6.20% between 2014 and 2022, the market is anticipated to reach US$155.1 bn by the end of the forecast period.
Report Analysis Brochure: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1499
HVAC equipment is installed for the purpose of heating or cooling residential, industrial, and commercial buildings. These systems also provide fresh air to remove airborne contaminants such as odors emitted from furnishings or from cleaning chemicals used to clean indoors, or volatile organic compounds. In the forthcoming years, HVAC equipment is likely to witness rising demand from both residential and commercial market segments due to the drastic climate variations.
Driven by the growing demand from the commercial sector, the rising expectation of consumers, climate variations, technological advancements, and the implementation of stringent government regulations, the demand for HVAC equipment is anticipated to soar high over the report’s forecast period. The market will also witness rising opportunities in Asia Pacific. On the flip side, the high amounts of energy consumed by HVAC equipment are a major challenge faced by the market. Nevertheless, the proliferation of green technologies, smart homes, and energy-efficient systems will give a significant boost to the market in the near future.
To present a holistic overview, the leading players in the global HVAC equipment market have been analyzed based on their company overview, financial structure, recent developments, product portfolio, and development status. Some of the companies profiled in the report include Lennox International Inc., AB Electrolux, Haier Ltd., Carrier Corporation, Panasonic Corporation, LG Corporation, Daikin Industries Ltd., and Samsung Electronics.About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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