DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/j44tsh/global_hvac) has announced the addition of the "Global HVAC Equipment Market 2014-2018" report to their offering.
The Global HVAC Equipment market to grow at a CAGR of 5.87% over the period 2013-2018
The heating, ventilation, and air-conditioning equipment, or more commonly known as the HVAC equipment, provides conditioned air to the occupants inside a building, creating a comfortable and favorable environment. Conditioned air is nothing but clean and odor-free air with its temperature, humidity, and movement being controlled within a certain comfort level.
One major trend emerging in this market is the shift toward smart solutions. The world is focusing more on the effective distribution of energy, thus minimizing losses. The green initiative has been taken up by different countries to promote clean energy. With the advent of hybrid systems and non-polluting refrigerants, HVAC vendors and end-users are shifting toward green technology.
According to the report, one major driver of the market is an increase in income levels in the APAC region. The sales of HVAC equipment are highly correlated to income. The Residential HVAC Equipment segment is the key growth segment because of high product penetration and an increase in residential construction.
Further, the report states that the focus on energy conservation is one key challenge in the market. HVAC equipment consumes a lot of energy, which is a major concern for many environmentalists and poses a threat to the HVAC Equipment market.
The basic components of a HVAC system consists of:
- Fans to circulate the air
- Supply air ductwork
- Outside air device
- Return air ductwork
- Mixed air chamber
- Filter section
- Heat exchangers
- Auxiliary heating devices
- Central heating source
- Central cooling source
- Daikin Industries
- Johnson Controls
For more information visit http://www.researchandmarkets.com/research/j44tsh/global_hvac