HVAC Equipment Market- Global Industry Analysis and Forecast 2015-2023

The global heating, ventilation, and air conditioning (HVAC) equipment market features an increasingly competitive landscape, finds Transparency Market Research (TMR). The consistent focus of large players to expand their product portfolio is likely to intensify competition further in the global HVAC equipment market. Manufacturers of HVAC equipment are toying with a mix of strategies to establish their foothold in the global market. Several of them are undertaking mergers and acquisitions in the global HVAC equipment market to gain a competitive edge over their peers. Emerging trends in climate control technologies have a large bearing on the strategic dynamics of the global HVAC equipment market.

Some of the prominent players vying for sizable stakes in the global HVAC equipment market are Daikin Industries Ltd., Electrolux AB, Samsung Electronics, Carrier Corporation, Lennox International Inc., and LG Corporation.

The global HVAC equipment market is expected to clock a CAGR of 6.20% during 2014–2022. The global market will attain a worth of US$155.1 bn by the end of 2022.

Request For A Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1499

Among the various types of end-use applications, a major share will be contributed by commercial and industrial segment, with the former alone accounting for more than 33.0% of the global HVAC equipment market. The prominence is attributed to the rising demand for heating and cooling equipment in the tourism and construction sectors world over.

On the regional front, Asia Pacific presently holds the leading share in the global HVAC equipment market. The region will retain its lead over the next few years as well. Extensive demand for HVAC products in the end-use industries in key economies of Asia Pacific bolsters its growth.