Insights on the HVAC Global Market to 2028 - Replacement of Existing HVAC Equipment with Energy-Efficient Products Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "HVAC Market - Global Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global HVAC market size is expected to grow at a CAGR of 5.43% from 2022-2028.

The global market is undergoing tremendous modifications due to the increasing integration of the Internet of Things (IoT) technology with HVAC products, making them innovative and accessible.

The emphasis on connecting several sensors within building ecosystems, including HVAC, has grown for achieving energy efficiency.

In 2022, the major economies in APAC, including China, Japan, and India, witnessed increasing commercial construction activities due to an expanding number of companies in various sectors setting up their offices in distinct regions to capture the target and potential customer base.

In the APAC region, the increasing demand for energy-efficient HVAC systems and stringent regulations for the use of explosion-proof HVAC equipment is boosting the adoption across industries. It will offer enormous growth opportunities in the HVAC market.

Further, Middle East countries are witnessing drastic climate changes. Rising temperatures and heat waves increased the demand for HVAC systems in commercial and residential buildings to control indoor climate conditions, further propelling the HVAC market growth. Along with providing residents with comfort, filtering can also improve indoor air quality. Hence these factors propel sales growth across the Middle East & Africa region during the forecast period.

Key Questions Answered:

1. How big is the HVAC market?

2. What is the growth rate of the global HVAC market?

3. What are the significant trends in the global HVAC market?

4. Who are the key players in the global HVAC market?

5. Which region holds the most prominent global HVAC market share?

6. What is the market size of the global Residential HVAC market?

Market Dynamics

Opportunity & Trends

• Replacement of Existing HVAC Equipment with Energy-Efficient Products
• Emergence of IoT and Product Innovations to Aid Replacements
• Adverse Climatic Conditions & High Demand for Hvac Systems

Growth Enablers

• Growth of Global Construction Industry
• Surge in Airport Modernization Projects Worldwide
• Rise in Demand for VRF Systems

Restraints

• Low Availability of Skilled Labor
• Stringent Regulatory Environments Worldwide
• Implications of COVID-19 Outbreak

Market Segmentation

by Equipment

• Heating
• Heat Pump
• Boiler Units
• Furnaces
• Others
• Air Conditioning
• RAC
• CAC
• Chillers
• Heat Exchangers
• Others
• Ventilation
• Air Handling Units
• Air filters
• Humidifiers & Dehumidifiers
• Fan Coil Units
• Others

by End-user

• Residential
• Commercial
• Office Spaces
• Airport & Public Utilities
• Hospitality
• Hospitals
• Industrial & Others

by Geography

• APAC
• China
• India
• Japan
• Australia
• North America
• US
• Canada
• Europe
• Western Europe
• Germany
• France
• UK
• Italy
• Netherlands
• Nordic
• Norway
• Denmark
• Sweden
• Others
• Central & Eastern Europe
• Russia
• Poland & Austria
• Other CEE Countries
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa

Key Company Profiles

• Systemair
• Johnson Controls
• Zehnder
• Ostberg
• Aldes
• Bosch
• Daikin
• Samsung
• Mitsubishi Electric

Other Prominent Vendors

• LG
• Panasonic
• Carrier
• Midea
• Regal
• Raytheon Technologies
• Honeywell
• Flakt Group
• Beijer Ref
• Flexit
• Grundfos
• Swegon
• VTS
• Nuaire
• Nortek
• Alfa Laval
• Hitachi
• Lu-Ve
• Vent-Axia
• Rosenberg
• S & P
• WOLF
• CIAT
• AL-KO
• DynAIR
• Danfoss
• Lennox
• Backer Springfield
• Dunham-Bush
• TCL
• TROX
• Vaillant Group
• Ingersoll Rand
• Camfil

For more information about this report visit https://www.researchandmarkets.com/r/9nq0h9-market?w=4

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