Most of the big names in the market are striving hard to manufacture more and more energy efficient and environmental friendly products on account of stringent government’s regulations. Samsung Electronics launched the latest AC products, including: 360 Cassette, DVM Chiller, DVM S 30HP and DVM S Eco 14HP for the year 2016 during an event organized at the Four Seasons Hotel. The new AC features an exclusive design, cooling and energy efficiency. The innovative design of the 360 Cassette units transforms air flow. The unique and revolutionary booster fan inside the 360 Cassette guides air to form a complete horizontal flow, generating layers of chilled air.
Focusing on the current market trends and dynamics, BIS Research has also identified stringent governmental regulations as one of the key market drivers for HVAC equipment market in its report, Global Heating, Ventilation and Air Conditioning (HVAC) Market- Forecast & Analysis, 2016 – 2022. The analyst states, “The market is expected to generate over $68.93 billion value by 2022 at an estimated CAGR of 4.34% from 2016 to 2022. Rising population, revival in the housing markets, increases in income levels in emerging markets, development of reliable energy resources and growing industrial units are some of the key drivers pushing towards the growth of global HVAC market.”
To present an overview and a comprehensive outlook of the global HVAC market, the study has been segmented according to different types of HVAC products including window & portable air conditioners, split air conditioners, single packaged units, chillers and fan coil unit (FCU) & air handling unit (AHU). Further, the global HVAC market is fragmented into different geographies. Major geographies covered in the report are the Americas, Europe, Asia-Pacific and Others (Middle East and Africa, MEA).
Besides examining the promising side of global HVAC market, the research investigates various aspects of the market inclusive of its threats that can possibly slow down the market growth and the current growth opportunities that are going to shape the overall HVAC market expansion. The report provides an in depth analysis of the market and an assessment of the factors governing the same by incorporating porter’s five forces model, regulatory standards and distribution channel analysis.