Hvac (Heating, Ventilating and Air Conditioning) Equipment Market Size, Share, Growth, Trends, Forecast to 2022: Credence Research

According to a new market report published by Credence Research Inc., “HVAC Equipment (Heating Equipment, Ventilating Equipment, and Air Conditioning Equipment) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022”, the global HVAC (Heating, Ventilating, and Air Conditioning) equipment market is expected to expand at a CAGR of 5.6% from 2015 to 2022, exceeding US$ 125.0 Bn by 2022.

Browse the full HVAC Equipment (Heating Equipment, Ventilating Equipment, and Air Conditioning Equipment) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022 report at http://www.credenceresearch.com/report/hvac-heating-ventilation-and-air-conditioning-equipment-market

Product and Market Insights

HVAC (Heating, Ventilation, and Air Conditioning) equipment are used across commercial, residential, and industrial buildings to control humidity, fresh air intake, air temperature, and quality of the air around. In industrial buildings, HVAC systems play a crucial role in maintaining a clean environment by removing odor and contaminated particles present in the air, thereby keeping the working conditions healthy. The market for HVAC (Heating, Ventilation, and Air Conditioning) equipment is highly matured and is expected to exhibit modest growth over the forecast period 2015 – 2022. The growth is majorly supported by the improved residential construction expenditure across the globe and stringent government regulations promoting the use of energy efficient HVAC solutions.

Competitive Insights:

The global HVAC (Heating, Ventilating, and Air Conditioning) equipment market is highly fragmented with the presence of large number of domestic suppliers. The top four HVAC equipment manufacturers accounted for less than 45 percent of the global market revenue in 2014. Some of the leading players identified in the HVAC equipment market include United Technologies Corporation (Carrier) (the U.S.), Daikin Industries. Ltd....