The global HVAC equipment market was estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million/billion by 2026, at a CAGR of XX% during 2019 to 2026. Rising energy efficient systems which enhances the performance, reduces the overall cost and reduction in energy consumption is expected to major driver for market during forecast period. However, complexity in installation of HVAC systems is expected to hamper the growth of market.
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The global HVAC equipment market is primarily segmented based on different type, application, and region.
On the basis of type, the market is split into:
*Air Conditioning (Cooling)
Based on application, the market is divided into:
Moreover, the market is classified based on regions and countries as follows:
*North America (U.S., Canada)
*Europe (Germany, UK, France, Rest of Europe)
*Asia Pacific (China, India, Japan, Rest of Asia Pacific)
*Latin America (Brazil, Mexico, Rest of Latin America)
*Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)
Key Market Players:
The key players profiled in the market include:
*Mitsubishi Electric Corp.
*Johnson Controls International plc.
*Lennox International, Inc.
*Daikin Industries Ltd.
These enterprises are focusing on growth strategies, such as new product launches, expansions, acquisitions, and agreements & partnerships to expand their operations across the globe.
Key Benefits of the Report:
*Global, regional, country, type, and application market size and their forecast from 2015-2026
*Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing growth of the market
*Detailed analysis on industry outlook with market specific Porter’s Five Forces analysis, PEST analysis, and value chain, to better understand the market and build expansion strategies
*Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points
*Analysis on key players’ strategic initiatives and competitive developments, such as joint ventures, mergers, and new product launches in the market
*Expert interviews and their insights on market shift, current and future outlook, and factors impacting vendors’ short term and long term strategies
*Detailed insights on emerging regions, types, and applications with qualitative and quantitative information and facts
*Identification of the key patents filed in the field of HVAC equipment
*HVAC Equipment Manufacturers & Technology Providers
*Research and Consulting Firms
*Government and Research Organizations
*Associations and Industry Bodies
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
* Raw Material Providers
* Government Body & Associations
* Research Institutes
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