"The
Report Global HVAC Market 2017-2021 provides information on pricing,
market analysis, shares, forecast, and company profiles for key
industry participants. - MarketResearchReports.biz"
MarketResearchReports.biz
has stated the addition of a new market research report to its report
repository. The research publication is titled, “Global
HVAC Market 2017-2021.”
The research report offers an exhaustive outlook of the dynamics that
are controlling the changes that are occurring in the global market
and further assesses them painstakingly The effect of some
progressive and regressive elements has also been taken into
consideration with equal significance in the market intelligence
report. It also delivers data on the marketing and publicity
strategies, shares, and merchandises of the top drawer companies.
HVAC
or heating, ventilation, and air conditioning systems are employed in
order to filter and ventilate the air in non-residential and
residential spaces in order to preserve thermal balance. Several
components employed in these type of systems are fans, pumps, and
heat exchangers. These systems regulate and control the humidity
levels and the temperature. The kind of HVAC systems is determined by
the outdoor and indoor air quality. One the prime factors propelling
the adoption of HVAC systems is the robust growth of the real estate
markets and construction sector across the globe. Several newly
constructed buildings have been using energy efficient HVAC systems.
Additionally, industrialization and urbanization have been rising in
developing economies. This has also resulted in a rise in the number
of residential complexes, commercial buildings, manufacturing units,
and factories that have been employing HVAC systems.
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The
global HVAC market is expected to rise at a 5.24% CAGR between 2017
and 2021. The growing preference of consumers on condensing boilers
is also likely to boost the demand HVAC systems in the coming years.
Countries with extreme weather conditions also prefer HVAC systems
for both heating and cooling purposes. The two primary systems that
are applicable for functions related to heating are boiler-based
system and furnace-based system. Furnace-based systems are popular in
the markets of Asia Pacific and North America. European countries are
the major users of the boiler-based systems. As boiler-based systems
are based on convection or radiant heat, they provide a temperature
consistency with steady heat. Furthermore, durability of condensing
boilers, easy maintenance, and advanced technology controls are also
likely to make the segment prominent in the coming years.
In
terms of equipment and services, the HVAC equipment segment led the
global HVAC market and held the majority share in 2016. The prime
factors which are responsible for the progress of this segment are
increasing disposable income of middle class consumers, rising sales
of residential and commercial buildings, growing construction
expenditure, industrialization, and mounting population.
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Region-wise,
Asia Pacific held the leading share in 2016 and is expected to
continue its dominance in the next couple of years. Population
explosion and urbanization are the leading factors influencing the
growth of the market in the region. Some of the top players in the
market are LG Electronics, Johnson Controls, Ingersoll Rand, DAIKIN
INDUSTRIES, and Carrier Corporation.
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