HVAC Equipment Market Grow at a CAGR of 5.66% by Knowledge Sourcing

1. HVAC Equipment Market Forecast From 2019 to 2024

2. DESCRIPTION As per the latest reports by Knowledge Sourcing Intelligence, The HVAC Equipment Market is projected to grow at a CAGR of 5.66% to reach US$162.123 billion in 2025 from US$116.515 billion in 2019. The heating, ventilation and air conditioning (HVAC) equipment is a facility or a system installed in buildings, both commercial and residential, to provide environmental comfort to the people inside that space by changing the temperature or quality of the air. It can also control humidity by monitoring and controlling movement and dispersion of air in the enclosure. It consumes a lot of energy mostly in the form of electricity depending upon certain factors, namely, the efficiency of the components used, local climate, usage duration, and frequency, among others. The commercial HVAC Equipment segment shares the bigger portion of the market owing to the larger size and a large number of systems installed.

3. Key Questions Answered By The Report • What will be HVAC EquipentMarketfrom 2019 to 2024? • How are the major drivers and restraints affecting the HVAC Equipment Market? • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth

4. Segments Covered Under HVAC Equipment Market  are : • By Equipment Type • Heating Equipment • Ventilation Equipment • Air Conditioning Equipment • By Component Type • Coils • Transducers • Actuators • Radiators • Condenser • Compressor • Other Component • By End Users • Residential • Industrial • Commercial • Government Institutions • Education • Healthcare

5. Geography North America USA Canada Mexico South America Brazil Argentina Others Europe UK Germany France Others

6. Geography The Middle East and Africa Saudi Arabia UAE Israel Others Asia Pacific Japan China India Others

7. COMPANY PROFILES • Johnson Controls International plc • LG Corporation • Daikin Industries, Ltd. • Haier Group Corporation • Lennox International Inc. • Ingersoll Rand Inc. • Panasonic Corporation • Danfoss Group • Daikin Industries Ltd. • Emerson electric Co.

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