Global HVAC Equipment Market to be Driven by Growing Application in Construction Industry

Published On : 03 Aug 2016

The era of green technology has brought about many changes in HVAC equipment across the globe. New strategies and technologies are being adopted by manufacturers of HVAC equipment to achieve enhanced energy performance. Newly introduced, highly efficient HVAC units not only meet the efficiency standards for buildings, but also boost comfort while minimizing the cost of electricity. With the emergence of green technology, the future of the global HVAC equipment market is expected to be bright. These are some of the crucial findings of a new report added by to its vast database of research reports. 

The report, titled ‘Global HVAC equipment Market Professional Survey Report 2016,’ first defines HVAC equipment and then diverts the focus of the study towards its specifications, various applications, and classifications. The research also briefs readers about the changing trends in the global HVAC equipment market. HVAC equipment finds application in industrial equipment, cars, and others. Many organizations are opting to invest in enhanced HVAC equipment that emits the minimum possible amount of carbon, thus supporting a green environment. The rising application of HVAC equipment in industries is expected to propel the global market.  

For the past many years, technology has been boosting system, product, and service advancements across various industries. The global HVAC equipment market is in the phase of rapid developments and is expected to reach new milestones by 2016E. The new heating, ventilation, and lighting equipment has become more sophisticated and manufacturers are focusing on innovation. The advent of the Internet of Things has allowed HVAC contractors and manufacturers to automate their respective sales procedures and services. 

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Business and homeowners use highly effective smart devices, smart ventilation solutions, smartphone applications, and home automation platforms to better manage the use of home energy. HVAC contractors are planning to utilize the IoT revolution to become profitable, productive, and efficient. This is expected to propel the global HVAC equipment market in the long run.    

For a detailed competitive analysis, the report lists leading players operating in the global HVAC equipment market. Some of the key companies operating in the global HVAC equipment market are Daikin, Ingersoll Rand, Johnson Controls, Carrier, Bosch, Panasonic, Mitsubishi Electric, Nortek, Lennox International, Samsung, LG, Schneider Electric, Rheem, Dectron International, Toshiba, and ClimateMaster. At present, leading companies are focusing more on introducing new HVAC equipment in the global market to maintain their dominance. 

Manufacturers are focusing on introducing new PE and PEF products to fulfil their rising demand. With new equipment being consistently introduced, the global HVAC equipment market is expected to be highly competitive for new entrants. 

To measure the dominance of key companies across various regions, the U.S., U.K., China, Japan, Korea, Germany, and Canada markets for HVAC equipment are studied in the study.

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