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Commercial HVAC Market 2019 Growth Analysis By Key Profiles Cheap T-shirts , Future Technologies and Regional Forecast by 2024
by mrfr123 · December 16, 2019

Commercial HVAC Market Synopsis

According to the latest report by Market Research Future (MRFR), the global Commercial HVAC market is slated to surpass a substantial market valuation USD 130.25 Billion by 2024 at a steady CAGR of 6.86 % over the review period (2019 to 2024). The major factors contributing towards the growth of the global commercial HVAC market include the rising number of data centers, increasing demand for the HVAC system to reduce energy consumption, and government tax and rebate programs. Moreover, factors such as a rising population in urban areas and increasing disposable per capita income are propelling the growth of the global commercial HVAC equipment market.

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Commercial HVAC is an essential part of large office buildings, such as large commercial complexes, hospitals Cheap Shirts , 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.

Segmental Analysis

The global commercial HVAC market has been segmented based on heating equipment, ventilation equipment, cooling equipment, implementation type Cheap Jerseys China Free Shipping , 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 Cheap Jerseys Free Shipping , 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.

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Regional Analysis

Asia-Pacific held the leading share in the commercial HVAC market Cheap Jerseys From China , mainly due to the growth of the construction industry, rapid industrialization, and the need for energy-efficient HVAC systems. The APAC region is also anticipated to be the fastest-growing market during the forecast period. furthermore, factors such as the augmented power consumption, government mandates on energy efficiency, growing influx of renewable resources in the energy mix, and requirements for better power for rural areas in Asia-Pacific are fuelling the market growth.

The commercial HVAC market in North America is anticipated to be the second-largest owing to the growing demand for energy and modernization of infrastructure. The US, the most developed country in the region Cheap Jerseys China , is likely to dominate North America during the forecast period. Europe is also estimated to grow at a considerable rate owing to many advanced technologies being introduced by the key players, such as Ingersoll Rand, Danfoss, Johnson Controls, Mitsubishi Electric Corporation, which are driving the market in Europe.

Key Players

The key players operating in the global market for聽 commercial HVAC are聽 United Technologies Corporation (US), Mitsubishi Corporation (Japan), Samsung Electronics Co. Cheap Jerseys , Ltd (South Korea), Haier Electronics Group Co. Ltd (China), Daikin Industries Ltd (Japan),Ingersoll Rand (Ireland), Farina Corporation (US), Johnson Controls (US), Edison Heating and Cooling (US), Rheem Manufacturing Company (US) Cheap Soccer Hats , Lennox International Inc. (US), AAON (US), Hitachi, Ltd. (Japan), Panasonic (Japan), and Danfoss (Denmark).

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR) Cheap Soccer Hoddies , Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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