Global HVAC Market Report 2016: Prediction and Analysis for 2022

The global HVAC market report for 2016 was released recently along with forecast and analysis for the duration 2016-2022.

04, March 2016: As per the recent global HVAC (Heating, Ventilation and Air Conditioning) market report disclosed recently, predictions indicate that the market is likely to generate more than $68.93 billion value before 2022 at a projected 4.34% CAGR during 2016 – 2022.

Few of the main drivers that are influencing the growth of the international HVAC wholesale market are the increasing industrial entities, growing population, housing market revival, growth of reliable energy sources, and rise in the income level in the developing markets.

During the forecast duration, it’s expected to see high demand from the American market, while Asia-Pacific remains as the top revenue generator in the international HVAC market. Split AC units for sale are predicted to be in great demand for many residential uses.

The increasing consumer concerns, evolving smart or green building standards, and the governments across the globe are compelling HVAC makers, system integrators, and developers to construct and offer technologically advanced, energy-efficient HVAC systems for major residential, commercial, industrial, and institutional applications.

The research has been divided based on the different kinds of HVAC systems, including portable and window AC units, split AC units, chillers, Air Handling Units (AHU), Fan Coil Units (FCU), and single packaged units in order to give an overview and complete viewpoint of the HVAC market.

Furthermore, the international HVAC market is segmented into various geographies. The main geographies that are enclosed in the report are Europe, America, Asia Pacific, Africa, and Middle East. Some of the major companies included are Ingersoll Rand, Johnson Controls, National Air Warehouse, Midea Group, Zamil Air Conditioners, and United Technologies Corporation to name a few

Apart from inspecting the promising end of international HVAC market, the study looks into several market aspects, including the risks that can probably hold back the growth of the market and the present opportunities for growth that are bound to form the overall expansion of the global HVAC market.

The report gives a complete market analysis and an evaluation of the factors that govern the same by including the distribution channel examination and regulatory standards.

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