The growing HVAC systems market is driven significant factors like rapid industrialization, increasing population and urbanization, rising temperature and pollution across the globe due uncontrollable greenhouse and other toxic gases emission. However, high initial cost of systems and their maintenance is hampering the growth of the market. Moreover, with emerging need towards comfortable and safe indoor environment and replace old systems with more effective and efficient systems is likely to flourish the HVAC systems market.
Top Industry : Daikin Industries, Ltd.,Electrolux AB,Emerson,Hitachi Ltd.,Honeywell International Ltd.,Ingersoll-Rand Inc.,Johnson Controls International plc,LG Electronics Inc.,Mitsubishi Electric Corporation,United Technologies Corporation
HVAC (Heating, Ventilation and Air-conditioning) is a system used to maintain and control indoor environment safe and comfortable, meaning that the air should have sufficient amount of oxygen and free of unpleasant and hazardous gases. HVAC is based on the principle of thermodynamics, fluid mechanics and heat transfer. These systems has three main components i.e. a central plant, a distribution system and a rejection unit. With the rising need for better working and living spaces the HVAC systems market is expected to grow in forthcoming future.
The global HVAC systems market is segmented on the basis of heating, cooling, ventilation, implementation and application. Based on heating, the market is segmented as heat pumps and space heaters. On the basis of cooling the market is sub-segmented into room/unitary air conditioners, chillers, VRF (Variable Refrigerant Flow) systems, coolers, and others. On the basis of ventilation the market is sub-segmented into air filters, air purifiers, centrifugal fans, roof vent, ventilation fan, air handling unit and others. On the bases of implementation the market is segmented into new installation and retrofit. Similarly, based on end-user the market is segmented into residential, commercial and industrial.