HVAC Systems Market Forecast and Trends Analysis Research Report 2020-2027
by Ashish Kumar Consultants
According to the latest report by GMI Research, HVAC Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The HVAC Systems Market examines the impact of the COVID-19 pandemic and illustrates that the market will have a sharp fallout in 2020, and will accelerate in 2021, growing at a higher growth rate from 2022 onwards. HVAC (Heating, ventilation, and air conditioning) systems are mainly used to provide heating and cooling to residential and commercial buildings. This system controls the temperature and humidity level in the environment by controlling the movement and distribution of air inside the closed space area.
Competitive Landscape: The HVAC systems Market report also scans the competitive landscape and profiles the major players operating in the market, including Johnson Controls Inc., Ingersoll Rand PLC., United Technologies Corp., Nortek Inc., Daikin Industries Ltd., LG Electronics, Emerson Electronics Company, Honeywell International Inc., Ingersoll Rand PLC., Electrolux AB, and Mitsubishi Electric Corp.
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The global HVAC Systems market has witnessed substantial growth over the past few years. The strong demand for energy-efficient HVAC systems due to favorable government policies and regulations, the emerging trend of smart homes, and the increasing construction activities are the key factors boosting the growth of the HVAC systems market. Moreover, the government rebates, grants, and tax credits are further energizing the growth of the HVAC Systems Market.
The Asia-Pacific region is expected to capture the highest HVAC Systems market size in terms of revenue over the forecast period. This is attributed to the drastic increase in disposable income of people, increasing construction activities across Asian countries, and several governments supporting the usage of energy-efficient products and services. In parallel, the growing coronavirus crisis in 2020 across the globe will impact the market. The rising emphasis on maintaining a social distance is encouraging the end-users to opt for air cleaning solutions and systems in high-occupancy environments, including conference rooms, auditoriums, and training rooms. This factor presents new growth opportunities in the HVAC Systems market.
For further information on these analyses, please visit: https://www.gmiresearch.com/report/global-hvac-systems-market-air-conditioner-ac/
Breakup by Equipment Type:
- Heat Pump
- Unitary Heater
- Air Purifier
- Air Filter
- Ventilation Fan
- Room Air-Conditioner
- Unitary Air-Conditioner
- Cooling Tower
Breakup by Application:
Breakup by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
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Created on Jun 9th 2020 07:14. Viewed 253 times.