HVAC Equipment Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 – 2023
110 Page Report
HVAC Equipment Market Expected to Reach US$ 155.10 Bn by
2022, Globally : Transparency Market Research
Transparency Market Research
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HVAC Equipment Market
Heating, Ventilation, and Air Conditioning (HVAC) equipment implement heating or cooling for residential,
industrial or commercial buildings. The HVAC systems also provide fresh outdoor air to remove interior
airborne contaminants such as volatile organic compounds and odors emitted from interior furnishings or
various cleaning chemicals among others. The HVAC equipment are anticipated to penetrate into both
residential and commercial market segments in the coming years. The industrial segment is another key
segment that is expected to witness moderate growth over the forecast period. The demand for air
conditioning equipment was the largest globally and thus, this segment dominated the HVAC equipment
market in 2013.
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Key factors driving the global HVAC equipment market include rising urbanization, increase in new
households and average construction spending, and rise in disposable income. Another key driver of this
market is the growing demand from commercial segment and high growth and demand for HVAC products
in the Asia Pacific region. However, a major factor restraining the growth of HVAC equipment market is
high energy consumption of HVAC equipment. The market opportunities in the coming years are related to
the growing trend of smart homes, development of energy...