HVAC Market
HVAC market size is estimated to be USD 197.0 billion in 2021 and is projected to reach USD 271.5 billion by 2026; it is expected to grow at a CAGR of 6.6% from 2021 to 2026.
Due to the rising temperatures brought on by global warming and the expansion of the building industry, the global heating, ventilation, and air conditioning (HVAC) market has experienced significant growth. Additionally, as cities continue to urbanise and as people population increases, indoor temperature control systems are becoming more and more popular around the world. The study on the global heating, ventilation, and air conditioning (HVAC) market offers a comprehensive analysis of the industry. The research provides a thorough analysis of the market’s key segments, trends, drivers, restraints, competitive environment, and other important elements.
The boost in construction activity is expected to enhance demand for HVAC systems worldwide in the upcoming years. Additionally anticipated drivers for the HVAC industry include population growth, rapid urbanisation, and increased disposable incomes. The two main factors anticipated to drive the industry ahead are smart building practises and an increase in smartphone usage. The expansion of construction activities across all end-use industries and the capacity to significantly reduce energy consumption are anticipated to fuel the global HVAC market. Another emerging trend that is anticipated to have a favourable impact on the construction sector is the rise in the number of net-zero buildings. These structures are designed to use less energy.
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HVAC Market: Segment Analysis
Global HVAC Market: Major Players
Johnson Controls, Inc.
Petra Engineering Industries Co.
Midea Group Co. Ltd.
SKM Air Conditioning LLC
Mitsubishi Electric Corporation
Blue Star Limited
Qingdao Haier Co. Ltd.
Daikin
Thermax Limited
United Technologies (Carrier)
LG Electronics Inc.
Ingersoll-Rand Plc
DCM
Xylem Egypt
Global HVAC Market: By Types
Split systems
Duct-free systems
Hybrid systems
Packaged heating and air systems
Global HVAC Market: By Applications
Residential
Commercial
Industrial
Global HVAC Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global HVAC market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Points:
- Define, describe and forecast Thermal Reed Relay product market by type, application, end user and region.
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- Provide strategies for company to deal with the impact of COVID-19.
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