DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Americas Heating, Ventilation, Air-Conditioning and Refrigeration Market - Analysis and Forecast: 2017-2023 (Focus on Product Types and Refrigeration Cycle Component)" report to their offering.
The Americas HVACR market volume is estimated to grow at a CAGR of 5.65% during the forecast period, 2017-2023.
The growing demand of regulating temperature expanded from industries to large commercial buildings and household applications. HVACR systems are gradually becoming more of a necessity rather than mere luxury products in countries across the Americas region. Countries such as the U.S. and Canada account for the major share of HVACR market in the North America region. Argentina and Brazil currently account for the majority market share in South America primarily due to their hot climate, growing urban population, infrastructure, along with increased construction activities among others.
North America has had a very steady growth with U.S. and Canada being the major market share holders. However, South America had a huge increase in demand which can be attributed to increased construction activities in developing countries such as Brazil and Argentina. Also, the entry of Chinese and Japanese OEMs in the market further propelled the market.
In South America, Brazil accounted for majority of the total volume of HVACR products followed by Argentina in the year 2016. The South America HVACR market currently looks promising with the existing large scale demand for the products. Market is expected to grow at a decent pace in the following years. Mini splits and window/portable together continue to contribute to the majority of share by volume.
Key Topics Covered:
1 Research Scope & Methodology
2 Market Dynamics
3 Competitive landscape
4 Industry Analysis
5 Americas HVACR Market, Analysis and Forecast
6 Company Profiles
- Carrier Corporation
- Ingersoll Rand
- Johnson Controls
- Lennox International Inc
- Midea Group
- Mitsubishi Electric
- United Technologies Corporation
For more information about this report visit http://www.researchandmarkets.com/research/w7h5k6/americas_heating