Global Commercial HVAC Market Highlights
A
commercial HVAC system is a heating and/or cooling system for commercial spaces
around the globe. It provides high efficiency heating and cooling solutions,
using lesser energy with a lower environmental impact. The global commercial
HVAC market is estimated to expand at 6.86% CAGR during the forecast period. Commercial HVAC is an essential part of
large office buildings, such as large commercial complexes, hospitals, shopping
malls, and restaurants. It helps provide acceptable indoor air quality in
commercial environments. Several new technologies, including variable
refrigerant flow (VRF), is gaining immense demand as it is more energy
efficient. Moreover, government measures to reduce electricity cost and
consumption is leading to increase in the adoption of new HVAC systems in newly
constructed buildings.
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Segmental Analysis
The
global commercial HVAC market has been segmented based on heating equipment,
ventilation equipment, cooling equipment, implementation type, application, and
region.
On
the basis of heating equipment, the global market has been segmented into heat
pump, furnaces, boilers, and unitary heaters. The heat pump segment is the
largest segment in the market due to its ability to perform both, space cooling
and heating functions, while also being able to heat water.
On
the basis of implementation type, the global market is divided into new
construction and retrofit. The new construction segment is expected to dominate
the commercial HVAC market, owing to the increase in urbanization, which has
led to the demand for smart buildings that require efficient HVAC equipment. On
the basis of application, the global market is segmented into large & small
offices, hospitals, shopping malls, restaurants, and others. The large &
small offices segment is expected to dominate the commercial HVAC market during
the forecast period.
Regional Outlook
On
the basis of region, the global commercial HVAC market has been segmented into
Asia-Pacific, North America, Europe, and the rest of the world.
The
growth of the commercial HVAC market in Asia-Pacific is driven by many factors
including the increasing investments in the construction industry, resulting in
the development of power infrastructure in emerging countries, such as
Australia, China, Thailand, and India. Moreover, market players such as Samsung
Electronics Co., Ltd, Daikin Industries Ltd, and Mitsubishi Corporation have
signed contracts with industries to provide HVAC equipment and necessary solutions.
Leading Players
The key players of the global commercial HVAC market
are Samsung Electronics Co., Ltd (South Korea), United Technologies Corporation
(US), Haier Electronics Group Co. Ltd (China), Mitsubishi Corporation (Japan),
Edison Heating and Cooling (US), Daikin
Industries Ltd (Japan), Ingersoll Rand (Ireland), Johnson Controls (US), Farina
Corporation (US), Lennox International Inc. (US), Rheem Manufacturing Company
(US), AAON (US), Panasonic (Japan), Hitachi, Ltd. (Japan), and Danfoss
(Denmark).
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research
Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
Continued….
List Of Tables
Table 1 Global Commercial
HVAC Market, By Region, 2017–2024 (USD Million)
Table 2 North America:
Commercial HVAC Market, By Country, 2017–2024 (USD Million)
Table 3 Europe: Commercial
HVAC Market, By Country, 2017–2024 (USD Million)
Table 4 Asia-Pacific: Commercial
HVAC Market, By Country, 2017–2024 (USD Million)
Table 5 Rest Of The World:
Commercial HVAC Market, By Country, 2017–2024 (USD Million)
Continued…..
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