HVAC Equipment Market to grow at over 6.15% CAGR during 2021-2025 | Technavio | National News

NEW YORK, Aug 13, 2021 /PRNewswire/ — Technavio’s latest market research report on HVAC Equipment Market predicts that the market is expected to see incremental growth of USD 41.82 billion during 2021-2025. The report provides comprehensive details on dominant market players, including: Daikin Industries Ltd.(Japan), Fujitsu Ltd.(Japan), Haier Smart Home Co. Ltd.(China), Ingersoll Rand Inc(US), Johnson Controls International Plc(Ireland), LG Electronics Inc.(South Korea), MIDEA GROUP(China), Nortek Inc.(US), Robert Bosch GMBH(Germany), and Samsung Electronics Co. Ltd.(South Korea).

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The HVAC equipment market is driven by increasing residential and commercial construction activity, cost benefits associated with renting HVAC equipment, and rising demand for centralized HVAC systems. In addition, other factors such as the growing adoption of prefabricated building solutions, the growing preference for custom HVAC systems and the advent of smart HVAC systems are expected to drive the HVAC equipment market to witness a CAGR of more than 6.15% during the forecast period. However, strict regulations may hinder the growth of the market during the forecast period.

With the ongoing spread of the novel coronavirus pandemic, organizations around the world are gradually flattening their recession curves by leveraging technology. Many companies will go through a response, recovery and renewal phase. Building business resilience and enabling agility will help organizations move forward on their journey from the COVID-19 crisis to the Next Normal.

The recovery process involves several stages including:-

  • Adjust their strategic planning to move forward once business stability kicks in.
  • Focus on agile execution of proposed and approved changes.
  • Assessment of the impact on critical IT infrastructure and software system

Find COVID-19 insights Here

Key Market Forecast Considerations:

  • Impact of lockdowns, supply chain disruptions, destruction of demand and change in customer behaviour
  • Optimistic, probable and pessimistic scenarios for all markets as the impact of the pandemic unfolds
  • Pre- and Post-COVID-19 Market Estimates
  • Quarterly impact analysis and market estimate updates

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Corresponding reports:

Facilities Management Market by End User and Geography – 2021-2025 Forecast and Analysis

HVAC Market by End User, Type and Geography – Forecast and Analysis 2021-2025

Residential HVAC Market by Product and Geography – Forecast and Analysis 2020-2024

HVAC Test Instruments Market by Application and Geography – Forecast and Analysis 2020-2024

Top HVAC Equipment Market Entrants:

  • Daikin Industries Ltd.
  • Fujitsu Ltd.
  • Haier Smart Home Co. Ltd.
  • Ingersoll Rand Inc
  • Johnson Controls International Plc
  • LG Electronics Inc.
  • MIDEA GROUP
  • Nortek Inc.
  • Robert Bosch GMBH
  • Samsung Electronics Co. Ltd.

If you purchase a report that will be updated in the next 60 days, we’ll send you the new edition and data extract for FREE! Get a snapshot of the report here for a detailed analysis of market participants’ market share during the COVID-19 lockdown:

https://www.technavio.com/report/hvac-equipment-market-size-industry-analysis

HVAC Equipment Market 2021-2025: Segmentation

The market for HVAC equipment is segmented as follows:

  • Product
    • Air Conditioning Equipment
    • Heating equipment
    • Ventilation equipment
  • End User
    • non-residential
    • residential
  • Geography
    • APAC
    • Europe
    • North America
    • MINE
    • South America

The air conditioning equipment segment was the largest revenue-generating product segment in 2020, mainly due to rising temperature and humidity around the world. In addition, rising per capita income and growing preference for air conditioning products will further accelerate the growth of the segment in the coming years. Geographically, 53% of the growth will come from APAC. The growth is mainly attributable to investment by large funds in construction projects by both public and private organizations in India and China.

Get actionable insights about each contributing segment. Download free sample report: https://www.technavio.com/talk-to-us?report=IRTNTR43567

Market factors

Market Challenges

Market trends

Supplier landscape

  • Sellers covered
  • Supplier Classification
  • Market positioning of suppliers
  • Competitive Scenario

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