Rapid Urbanization Stimulating Demand of Commercial HVAC Market

Commercial HVAC Market

The commercial segment is anticipated to register the highest CAGR over the forecast period owing to increasing urbanization and a rise in construction spending in the commercial sector. Commercial HVAC units take a significant amount of space and are generally located on rooftops of buildings such as shopping malls, hotels, big restaurants, theaters, and commercial offices. These systems are used continuously and therefore account for high energy consumption. Hence, retrofitting and replacement of these HVAC units with energy-efficient solutions to minimize energy consumption is expected to drive the segment growth over the forecast period.

MARKET INTRODUCTION

The HVAC system helps in maintaining and controlling indoor environment safe and comfortable, while ensuring adequate oxygen supply, free from unpleasant and hazardous gases. With the rising need for better working and living spaces the HVAC systems are gaining high momentum across the globe.

Industries and markets are ever-evolving; navigate these changes with ongoing research conducted by The Insight Partners ; Address the latest insights released on COVID-19 Outbreak-Global Biological Organic Fertilizers Market. Browse now for Full Report Index or a Sample Copy

PDF OF SAMPLE COPY

MARKET SCOPE

The "Global Commercial HVAC Market Analysis to 2027" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the commercial HVAC market with detailed market segmentation -heating, cooling, ventilation, implementation, and geography. The global commercial HVAC market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading commercial HVAC market players and offers key trends and opportunities in the market.

MARKET DYNAMICS

Rapid industrialization and urbanization is resulting into building of more complexes, office premises, and other commercial buildings which is stimulating demand of HVAC and so accelerating the growth of commercial HVAC market. In addition to this, need to replace old & traditional systems woth modern HVAC systems to control adverse impact of greenhouse is anticipated to provide ample of growth opportunities to the players operating in the commercial HVAC market.

MARKET SEGMENTATION

The global commercial HVAC market is segmented on the basis of heating, cooling, ventilation, and implementation. Based on heating, the commercial HVAC market is segmented into heat pumps, furnaces, space heaters, boilers. Based on cooling, the commercial HVAC market is segmented into room unitary air conditioners, chillers, VRF systems, coolers, others. On the basis of ventilation, the commercial HVAC market is segmented into air filters, air purifiers, centrifugal fans, roof vent, ventilation fan, air handling unit, others. On the basis of implementation, the commercial HVAC market is segmented new installation, retrofit.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global commercial HVAC market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The commercial HVAC market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the commercial HVAC market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  • Emerson Electric Co.
  • Goodman Manufacturing Company, L.P. (Daikin Industries, Ltd.)
  • Hitachi Ltd.
  • Honeywell International Ltd.
  • Johnson Controls International plc
  • LG Electronics Inc.
  • Lennox International, Inc.
  • Samsung Electronics
  • Trace Technologies
  • United Technologies Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.