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HVAC Market to be driven by Tax Credits and Rebate Programs and to grow at a CAGR of 7.6% by 2020!

The report "HVAC Equipment Market Analysis: By Heating (Heat pumps, Furnace, Boilers); By Cooling (Air Conditioners, Chillers, Cooling Towers); By Ventilation (Air handling and treatment equipment); Application (Residential, Commercial, Industrial, Automotive) - Trends and Forecast to 2020", defines and segments the HVAC Equipment Market with analysis and forecasting of the global revenues. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, winning imperatives, and challenges.

Browse 130 Market Data Tables, 80 Figures spread through 250 pages and in-depth TOC on “HVAC Equipment Market Analysis: By Heating (Heat pumps, Furnace, Boilers); By Cooling (Air Conditioners, Chillers, Cooling Towers); By Ventilation (Air handling and treatment equipment); Application (Residential, Commercial, Industrial, Automotive) - Trends and Forecast to 2020”.

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Heating, Ventilating and Air-Conditioning abbreviated as HVAC are equipment which facilitate indoor air comfort. They are responsible for providing fresh outdoor air to eliminate/reduce interior aerial contaminants such as odors and so on. In this report, the overall HVAC Market is presented from the perspective of key players, different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.

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Application:

HVAC equipment finds their application in almost all industries and can be broadly classified under Residential, Industrial as well as Commercial segment. The residential segment consists of independent houses, bungalows, apartments and other type of residents. Generally heat pump, room/central air-conditioner, furnace, space heaters and evaporative coolers are used for heating, cooling and ventilating in residential applications. Commercial segment consists of small and large scale office buildings, restaurants, hospitals, educational institutes, recreational facilities and so on. In large industrial plants, HVAC Systems are an integral part of the processes. They do have a direct impact on the operation of processes such as motor control, steam generation equipment and so on as for appropriate operation of processes; maintenance of temperature is an important factor. HVAC aids in maintaining accurate temperature. HVAC, by far, is used in almost all industries. However, they are majorly used in Chemical and Power Generation industry.

Driving Factors:

HVAC market is influenced by various factors such as the growth of construction sector, purchasing power parity of population of a country, the geographic conditions, and so on. One of the major driving forces driving the HVAC market is the government regulations and policies. Increasing concerns regarding environment has demanded government of several countries such as the U.S., U.K., Germany and so on to provide tax credits and rebates on purchase of energy efficient HVAC equipment which in turn is driving the population to replace their old HVAC systems with newer energy efficient systems.

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Few Key Players:

  • United Technologies Corp
  • Daikin Industries Limited
  • Danfoss A/S
  • Lennox International
  • Uponor Corp

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