North America HVAC Equipment Market Growth, Trends, COVID-19 Impact, and Forecasts Report 2021-2026 – ResearchAndMarkets.com
DUBLIN – (BUSINESS WIRE)–The North America HVAC Equipment Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026) report has been added to From ResearchAndMarkets.com to offer.
The North American HVAC equipment market was estimated at $ 32.64 billion in 2020 and is expected to reach $ 43.20 billion by 2026 at a CAGR of 4.7% over the forecast period
Heating, ventilation and air-conditioning (HVAC) systems are widely used in the North American region because of the many benefits that HVAC systems offer, especially the energy-saving techniques.
Major factors driving the market studied include an increase in the number of new households, rising average construction expenditure, rapid urbanization and disposable income growth in several major economies. The United States and Canada are among the world’s top 10 energy consumption countries in the world, with the United States in second place behind only China.
Most of the American population is air-conditioned. For example, according to the IEA, the United States and China account for more than half of global air conditioner supplies. Daikin is expected to broaden the acceptance of lower GWP R32 refrigerant through the development of ducted and ductless residential, light commercial and applied air conditioning products for the North American region. According to Daikin, the choice of R32 is consistent with its wide global acceptance.
Leading players in the market invest significantly in M&A or R&D activities to build a strong position. For example, in January 2019, Huron Capital announced that its HVAC equipment subsidiary, Pueblo Mechanical & Controls, has acquired two additional companies, Newgaard Mechanical Inc. and CFM Mechanical LLC, to offer tailor-made HVAC products and services.
Likewise, the Electric Power Research Institute (EPRI) received a $ 4.7 million grant from the California Strategic Growth Council to develop advanced residential HVAC systems with low global warming potential (GWP) refrigerants and to conduct community studies to the technology to low-income and underprivileged Californians.
With the outbreak of COVID-19, viral disease is wreaking havoc in North America and has claimed both livelihoods and livelihoods, leading to significant disadvantages for players in the HVAC equipment market. Although the World Health Organization (WHO) initially said that the virus could not be spread through aerosols, the WHO recently changed its position. WHO guidelines now state that airborne transmission of the coronavirus is possible indoors, especially for people who spend extended periods of time in crowded, poorly ventilated areas.
2 RESEARCH METHODOLOGY
4 MARKET INSIGHTS
4.1 Market overview
4.2 Attractiveness of the Industry – Porter’s Five Forces Analysis
4.2.1 Threats from new entrants
4.2.2 Negotiating position of buyers / consumers
4.2.3 Negotiating position of suppliers
4.2.4 Threat of substitute products
4.2.5 Intensity of Competitive Rivalry
5 MARKET DYNAMICS
5.1 Market factors
5.1.1 Rise in residential and non-residential users
5.2 Market Restrictions
5.2.1 High energy consumption of HVAC equipment
6 MARKET SEGMENTATION
6.1 On equipment
6.1.1 Air conditioning equipment
6.1.2 Heating equipment
6.1.3 Heat pumps
6.1.4 Dehumidifiers and humidifiers
6.2 By end user
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Johnson Controls International PLC
7.1.2 Daikin Industries Ltd
7.1.3 Lennox International Inc.
7.1.4 Electrolux AB
7.1.5 Emerson Electric Company
7.1.6 Carrier Corporation
7.1.7 Rheem Manufacturing Company Inc.
7.1.8 Uponor Corp.
7.1.9 Ingersoll Rand Inc. (Trane Inc.)
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
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