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HVAC Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 |

The new report by Expert Market Research titled, ‘Global HVAC Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global HVAC market, assessing the market based on its segments like equipment, implementation types, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents –

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

The key highlights of the report include:

Market Overview (2015-2025)

• Historical Market Size (2019): USD 241 billion
• Forecast CAGR (2020-2025): 4%
• Forecast Market Size (2025): USD 301 billion

The global HVAC market is being driven by the rapid urbanisation, growing disposable incomes, and increasing population, supported by customer inclination towards comfort. The HVAC systems are being extensively used in regions with extreme weather conditions for both heating and cooling purposes. The HVAC market is gaining a significant boost from the rapidly rising construction and infrastructure sector. The growing demand for smart building patterns for homes, office space, shopping malls, and other similar places is encouraging the demand for HVAC technology. Easy maintenance, advanced technology controls, and long-running life of condensing boilers are the few factors supporting the HVAC market growth.

Read Full Report with Table of Contents –

Industry Definition and Major Segments

HVAC refers to heating, ventilation, and air conditioning together. It is a technology used to control the indoor environment with a goal to provide thermal comfort and safe indoor air quality. It is an essential part of residential structures, industrial and office buildings, and vehicles ranging from cars and airplanes to ships and submarines where the air conditions are controlled with regulated temperature and humidity using fresh air from outdoors.On the basis of equipment, the industry is divided into:

  • Heating
    • Heat Pumps
    • Air-to-Air
    • Air-to-Water
    • Water-to-Water
    • Furnaces
    • Oil
    • Gas
    • Electric
    • Unitary Heaters
  • Ventilation
    • Air- Handling Units
    • Air Filters and Purifiers
    • Ventilation Fans
    • Crossflow Fans
    • Axial Fans
    • Centrifugal Fans
    • Domestic Fans
    • Range Hood Fans
    • Dehumidifiers and Humidifiers
    • Others
  • Cooling
    • Unitary Air Conditioners
    • Split
    • Packaged
    • VRF Systems
    • Chillers
    • Room Air Conditioners
    • Coolers
    • Cooling Towers
    • Evaporative
    • Dry Cooling
    • Hybrid

• Others

On the basis of Implementation type, the industry is divided into:

• New Constructions
• Retrofits

On the basis of end use, the industry is divided into:

• Residential
• Commercial
• Industrial

On the basis of region, the industry is divided into:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Market Trends

The government authorities globally are encouraging the adoption of energy-efficient heating, ventilation, and air conditioning systems due to a rising focus among consumers for energy efficiency of consumer electronics and energy usage cost minimisation. Technologies like automated control systems, IoT (Internet of Things), and remote-control access are modifying the HVAC equipment. The fan speed and temperature can be automatically controlled to provide optimum comfort using automated control systems by assessing the surrounding climate. Mobile applications run with the help of the internet allow users to operate the system remotely. Real-time information about the condition of the system can be accessed through IoT-enabled HVAC units. The HVAC market is witnessing growth as the companies are investing heavily in the R&D for manufacturing innovative products like hybrid HVAC equipment, which uses various energy sources for cooling and heating applications. These factors are expected to propel the growth of the HVAC market in the coming years.

Key Market Players

The major players in the global HVAC market are LG Electronics, Inc., Lennox International, Inc. (NYSE: LII), Carrier Global Corporation (NYSE: CARR), Samsung Electronics Co. Ltd. (KRX: 005930), Haier Group, Daikin Industries, Ltd (OTCMKTS: DKILY), Emerson Electric Co. (NYSE: EMR), Honeywell International Inc. (NYSE: HON), and Johnson Controls, Inc (NYSE: JCI), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Contact Information:

Company Name: Expert Market Research
Contact Person: Matt Johnson, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1 (650) 761-6200 | +44 7441 392205
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

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