Increasing demand for the energy-efficient HVAC system, the
growing trend of smart homes, and government initiatives coupled
with the increasing investment in the Construction industry is
fueling the growth of the HVAC Systems Market.
JERSEY CITY, N.J., May 24, 2022 /PRNewswire/ -- Verified Market
Research recently published a report, "HVAC Systems Market"
By Ventilation Equipment (Air Filter, Ventilation Fan), By Heating
Equipment (Heat pumps, Furnaces), By Cooling Equipment (Chiller,
Cooler), By Applications (Commercial, Residential), and By
Geography. According to Verified Market Research, HVAC Systems
Market size was valued at USD 186.35
Billion in 2021 and is projected to reach USD 328.26 Billion by 2030, growing at a CAGR of
6.6% from 2022 to 2030.
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Browse in-depth TOC on "HVAC Systems Market"
202 - Pages
126 – Tables
37 –
Figures
Global HVAC Systems Market Overview
Global heating ventilation and air conditioning are principally
driven by rising temperatures due to global warming and growth in
the construction sector, majorly in the Asia Pacific region. Critical levels of
climatic change and global warming are other major factors driving
the deployment rate of various indoor temperature control systems
including heating, ventilation, and air conditioning. These systems
are more popular in nations that undergo frequent climatic
fluctuations.
Heating, Ventilation, and Air Conditioning systems, otherwise
known as HVAC systems are systems wherein the temperature of the
environment in which the system is placed can be manipulated
according to the user's need. The HVAC system functions through the
manipulation of temperature through cooling and heating. Some
systems can also manipulate the humidity in a certain environment
by controlling the movement of air within the area. HVAC systems
are also known to be able to purify the air due to their constant
air circulation the system is used in various types of building
such as commercial, residential, institutional buildings, and
industrial. Increasing demand for the energy-efficient HVAC system,
the growing trend of smart homes, and government initiatives
coupled with the increasing investment in the Construction industry
is fueling the growth of the market over the forecast period.
Key Developments
- In September 2021, Carrier
Transicold an American multinational home appliances corporation
launched two new products in the Citimax unit line, Citimax 1000
and Citimax 1100 units. These new products were developed to
support heavy-duty refrigerated trucks with high-roof cabs.In
- August 2021, Johnson Controls and
Apollo Global Management, Inc. entered into a strategic partnership
to offer sustainability and energy efficiency services to help
their customers address decarbonization and operating cost goals
for their buildings.
Key Players
The major players in the market are Daikin Industries
Ltd., Ingersoll Rand PLC, Johnson Controls, Inc., Nortek, Inc.,
United Technologies Corp., Electrolux AB, Dixell- Emerson,
Honeywell International Inc., Lennox International Inc., and LG
Electronics.
Verified Market Research has segmented the Global HVAC
Systems Market On the basis of Ventilation Equipment, Heating
Equipment, Cooling Equipment, Applications, and Geography.
- HVAC Systems Market, By Ventilation Equipment
-
- Air Filter
- Ventilation Fan
- Humidifier
- Air Purifier
- Others
- HVAC Systems Market, By Heating Equipment
-
- Heat pumps
- Furnaces
- Unitary Heaters
- Boilers
- HVAC Systems Market, By Cooling Equipment
-
- Room Air-Conditioner
- Unitary Air-Conditioner
- Chiller
- Cooler
- Cooling Tower
- Others
- HVAC Systems Market, By Applications
-
- Commercial
- Residential
- Industrial
- HVAC Systems Market, by Geography
-
- North America
-
- Europe
-
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
-
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
-
- Middle East & Africa
- Latin America
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Top 5 Exhaust Heat Recovery Systems maintaining temperature and
reduce CO2
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