Global HVAC Equipment Market –Analysis, Estimation & Forecast (2015-2022)

This report analyses the global HVAC equipment market in terms of revenues. The study includes the classification of HVAC equipments market into equipments, products, end-use applications, and geography. The study presents a detailed examination of HVAC systems, end-use verticals, regulations and applications along these lines: market volume, drivers, growth opportunity, and challenges. This report includes the global HVAC Equipment Market trends and developments. The market size and Compound Annual Growth Rate (CAGR) have been estimated considering and analyzing the use cases in different verticals and are discussed in the report.

The research methodology includes both primary research (in-house experts, industry thought leaders, market players, and independent consultants) as well as secondary research (a host of paid and unpaid databases) along with analytical tools to build our forecast and predictive models.

According to the report titled ‘Global HVAC Equipment Market Analysis: Estimation & Forecast (2015–2022)’, the market is expected to generate over $151.43 billion value by 2022 at an estimated CAGR of 5.35% from 2015 to 2022, as per the forecasts of the analysts at BIS Research. The major demand is anticipated from the Americas over the forecasted period, while Asia-Pacific continues to be the principal revenue maker in the global HVAC equipment market. In the global HVAC equipment market, heat pumps and room air conditioners are expected to remain on high demand for various end-use applications including residential, commercial, industrial, and institutional and others.

The expansion of consistent energy sources, increasing population, increase in industrial units and increase in the income levels in emerging markets are the factors propelling this market towards growth. The global HVAC equipment market is seeing emergence of new cost-effective and energy efficient technologies that meet latest regulations, green and smart building criterions as well as growing customer concerns. In Asia-Pacific, China, and India, among other emerging economies are expected to be the leading consumers as well as manufacturing base (owing to low costs involved) for global HVAC equipment producers. The demand is mainly because of rapid economic growth and increase in consumer spending for air conditioning and other HVAC units.

The global HVAC equipment market is seeing entry of low global warming potential (GWP) refrigerants based equipments which are more eco-friendly than chlorofluorocarbons (CFCs) and hydrochlorofluorocarbons (HCFCs) refrigerant based HVAC equipments. Mergers and acquisitions, expansion in marketing/sales/distribution channels, latest product launches, product diversifications, collaborations, and partnerships, among others are some of the strategies global as well as regional HVAC manufacturers are adopting to penetrate higher in the market.