The global HVAC linesets market size is projected to reach
New York, June 11, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “HVAC Linesets Market by Material Type, End-Use, Implementation And Region – Global Forecast to 2026” – https://www. reportlinker.com/p06093879/?utm_source=GNW
However, it is expected that local cooling solutions and increasing environmental problems will limit this market. Rising global temperatures and heat islands and growing revenues to drive demand for HVAC systems are expected to provide significant growth opportunities for manufacturers. Major challenges facing players in this market are solutions for passive cooling and free cooling and the adoption of new refrigerants.
In terms of value, the carbon segment is expected to represent the largest share of the HVAC line kit market, by material type, during the forecast period.
Copper is the most preferred material among line set manufacturers for use in the HVAC industry. Some of the main advantages of copper line sets for use in heating and cooling installations in all kinds of residential and commercial buildings are their malleability, easy to connect, durable and 100% recyclable.
Copper material type is expected to dominate the HVAC market, due to rising residential construction in the US, China, India and Indonesia. The COVID-19 also boosted sales of split ACs in the US as more and more people were working in the work-from-home scenario requiring a comfortable temperature environment in their homes.
Commercial to be the largest end user during the forecast period.
In the commercial end-use industry, cooling solutions such as air conditioners are mainly demanded by offices, hospitality, supermarkets and hypermarkets, banks and data centers. The commercial end-use segment mainly uses low carbon steel based line sets and requires very high volumes of the same.
The total volume of the HVAC line set is much higher in the case of a commercial end use industry, as compared to the residential one. This is due to the larger construction area in commercial buildings, more free space for cooling and a greater number of connections of lines.
Retrofit is expected to register the highest CAGR during the forecast period.
Retrofit projects are designed to integrate new components into existing HVAC networks. Retrofitting provides a more cost-effective way to improve system performance without having to replace the entire system.
The green building initiative and steps taken to reduce the adverse environmental impacts caused by legacy HVAC systems are driving the adoption of new HVAC line sets in retrofits. When a key component in the outdoor or indoor unit of a traditional heat pump system or air conditioner fails, both units must be replaced as newer equipment is carefully matched to maximize efficiency and workload.
The APAC region leads the market for HVAC lines in terms of value.
APAC is the fastest growing region for HVAC line sets. The growth in demand for HVAC line sets in the region can be largely attributed to factors such as high population density, increasing industrial growth and strict environmental standards.
Moreover, the increasing number of end-user industries in the region is also leading to innovations and developments in the HVAC Line Kit field, fueling the growth of the APAC HVAC Line Kit market.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from several key organizations operating in the HVAC lineset market, and information was gathered from secondary research to determine market size and to verify multiple segments.
• By business type: Tier 1 – 40%, Tier 2 – 35% and Tier 3 – 25%
• By designation: C Level Executives – 35%, Directors – 40% and others – 25%
• By Region: APAC – 40%, Europe – 10%, North America – 25%, Middle East and Africa – 15% and South America – 10%
Major players in the global HVAC line market include Daikin (Japan), Halcor (Greece), Hydro (Norway), KME SE (Italy), Mueller Streamline Co. (USA), Cerro Flow Products LLC (USA), JMF Company (USA), Zhejiang Ice Loong Environmental Sci-Tech Co., Ltd (China), Feinrohren SpA (Italy), DiversiTech Corporation (USA), Foshan Shunde Lecong Hengxin Copper Tube Factory (China), Zhejiang Hailiang Co., Ltd. (China ), Linesets Inc. (USA), Cambridge-Lee Industries LLC (USA), HMAX (USA), ICool USA, Inc. (USA), PDM US (USA), MM Kembla (Australia), Mandev Tubes (India), Uniflow Copper Tubes (India), Kobelco & Materials Copper Tube Co., Ltd. (Japan), Mehta Tubes Limited (India) and Klima Industries (South Korea).
This report provides a detailed segmentation of the HVAC Line Kit market based on material type, end-use industry, and implementation. Based on the material type, the HVAC line kit market is segmented into copper, low carbon, and others.
Based on the end-use industry, the HVAC line market is segmented into residential, commercial, and industrial. Based on implementation, the HVAC piping market has been segmented into new construction and retrofit.
Main benefits of buying the report
From an insight perspective, this research report focuses on different levels of analysis: industry analysis (industry trends), market share ranking of top players and company profiles, which together comprise and discuss the basic views of the competitive landscape; emerging and high-growth segments of the HVAC line kit market; high growth regions; and market drivers, constraints, opportunities and challenges.
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