Asia-Pacific for heating equipment market held maximum revenue of $25432.8 million in 2017.

HYDERABAD, TELANGANA, INDIA, June 26, 2018 /EINPresswire.com/ -- In the Report “HVAC equipment market: By Heating (Heat Pumps, Warm Air Furnaces, Boiler, Space Heaters, Unitary Heaters and Others); By Cooling (Cooling Towers, A.C., Chillers, Coolers and VRF Systems); By Ventilation (Air Handling, Humidifiers, Dehumidifiers, Air Purifiers, Air Filters and Ventilation Fans); By General Components (Condenser, Compressor, Centrifugal Pumps, Radiators, Control Systems and Coils); By End Use Verticals (Commercial, Residential, Industrial and Automotive); By Geography - Forecast (2018-2023)” published by IndustryARC, the market is driven by rise in number of households, demand in energy efficient product, and replacement of old equipment are seen as key determinants.

Asia-Pacific dominates with major share and growth in the HVAC Equipment Market

Asia-Pacific for heating equipment market held maximum revenue of $25432.8 million in 2017. The Heating HVAC unit market is anticipated to grow at a faster CAGR of 11.9% to reach revenue of $56332.94 million by 2023, followed by North America market. The increase in developing countries in middle class families leading towards increasing purchase due to changing lifestyle is the major driver for the industry in the APAC region. Cooling equipment market for Asia-Pacific is expected to grow at a CAGR of 8.14% to register revenue of $79074.44 million by 2023, followed by North America market.

Selected Heating and Cooling Type Analysis done in the full Report:

The HVAC Equipment market is segmented into Heating Equipment’s and Cooling Equipment’s. The revenue generated by HVAC heating equipment contributed to nearly 35% of overall revenue generated by Global HVAC market by generating revenue of $55.30 billion in 2017. The market is expected to grow at a CAGR of 8.90% to reach revenue of $93.22 billion by 2023. Heat pump is a segment of heating equipment market, which is projected to hold highest revenue for the forecast period.

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Excerpts on Market Growth Factors

Increasing cost of energy has forced the manufacturers to develop energy efficient devices. The launch of energy efficient products has maximized and made it more convenient for the consumer to adopt the technology. Hence, the market is expected to continue growing in the coming future.
Considering new government rules, efficient low carbon heating and its environmental friendly is growing at a good pace and has captured significant market in the residential sector.

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Key players of the HVAC Equipment Market

The significant marketplace holders in the HVAC market are Carrier, Trane, Johnson Controls followed by Emerson Climate Technologies as well as Lennox. These top players occupy nearly up to 46% of the overall market share. Trane is an organization, which has a model named as Trane XLi Air Source heat Pumps that comes with infinity carrier. Lenonox is known for its products like Signature® Series (XP25, XP21, XP17).

HVAC Equipment Market report is segmented as below

A.Global HVAC Equipment Market – By Heating Equipment and Components

1.Heat Pumps

I.Air-To-Air Heat Pumps
II.Air-To-Water Heat Pumps
III.Water-To-Water Heat Pumps

2.Warm Air Furnaces

I.Oil Furnaces
II.Gas Furnaces
III.Electric Furnaces

3.Boilers

I.Steam Boilers
II.Hot Water Boilers

4.Space Heaters
5.Unitary Heaters

I.Gas Unit Heaters
II.Oil-Fired Unit Heaters
III.Electric Unit Heaters

6.Others

B.Global HVAC Equipment Market - By Cooling Equipment and Components

1.Cooling Towers

I.Evaporative Cooling Towers
II.Dry Cooling Towers
III.Hybrid Cooling Towers

2.Conditioners

I.Window Air Conditioner
II.Split Air Conditioner
III.Packaged Air Conditioner
IV.Central Air Conditioning System

3.Chillers

I.Scroll Chillers
II.Screw Chillers
III.Centrifugal Chillers
IV.Reciprocating Chillers
V.Absorption Chillers

4.Coolers

I.Ducted Coolers
II.Window Coolers

5.Variable Refrigerant flow Systems

C.Global HVAC Equipment Market – By Ventilation (Air Handling and Air Treatment) Equipment and Components

1.Air Distribution Equipment

I.Fans
II.Duct Construction
III.Air-Cooling and Dehumidifying Coils
IV.Air Treatment Equipment
V.Air Purifiers
VI.Air Filtration

2.Humidifiers

I.Warm-Mist Humidifiers
II.Ultrasonic Humidifiers
III.Cool-Mist Humidifiers
3.Dehumidifiers

I.Refrigeration Dehumidifiers
II.Absorption Dehumidifiers

4.Air Purifiers

I.Hepa Air Purifiers
II.Activated Carbon Air Purifiers
III.Electrostatic Air Purifiers
IV.Ionic Air Purifiers

5.Air Filters

I.Ventilation Fans
II.Cross flow Fans
III.Axial Fans
IV.Centrifugal Fans
V.Domestic Fans
VI.Range Hood Fans
VII.Power Roof Fans

D.Global HVAC Equipment Market - By General Components

1.Condenser
2.Compressor
3.Centrifugal Pumps
4.Control Systems

I.Sensor
II.Controller
III.Controlled Devices
IV.Actuators, Transducers, Valves, Dampers


E.HVAC Equipment Market by Geography (covers 10+ countries)
F.HVAC Equipment Entropy Market


Companies Citied / Interviewed

1.Honeywell International Inc.
2.United Technologies Corp.
3.Ingersoll Rand Plc(Trane)
4.Daikin Industries Ltd.
5.Danfoss A/S
6.Whirlpool Corporation
7.Blue Star Ltd.
8.Mitsubishi Electric
9.Voltas Limited
10.Hitachi Automotive Systems
11.Sharp Corporation
12.Siemens
13.Johnson Controls
14.Vaillant Group
15.Nortek Inc.
16.Uponor Corporation
17.Lg Electronics Inc.
18.Gree Electric Appliances Inc.
19.Company 19
20.Company 20
21.Company 21+



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What can you expect from the report?
The HVAC Equipment Market Report is Prepared with the Main Agenda to Cover the following 20 points:

1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis


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