What is HVAC Equipment Market Scope?
HVAC equipment includes an air conditioner, chiller, heating pumps, radiator, ventilation, stove, etc, which are used for heating, ventilation, and air conditioning and regulating temperature and air quality. It provides good air quality, humidity, and a better indoor environment in commercial, residential, and industrial applications. It is used in various industries like healthcare, food & beverages, restaurants, education, etc. to regulate the environmental atmosphere.
The HVAC Equipment market study is being classified by Type (Air Conditioner, Chiller, Heating Pumps, Radiator, Ventilation and Stoves), by Application (Residential, Commercial and Industrial) and major geographies with country level break-up.
Johnson Controls (Ireland), Daikin Industries, Ltd (Japan), Ingersoll Rand (Ireland), Robert Bosch GmbH (Germany), Panasonic Corporation (Japan), Mitsubishi Electric Corporation (Japan), Nortek Global HVAC (United States), Schneider Electric (France), Heinen & Hopman Engineering (Netherlands), Equipment Controls Company (United States) and Lennox International Inc. (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global HVAC Equipment market by Type, Application and Region.
On the basis of geography, the market of HVAC Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 25th February 2020, Equipment Controls Company announced the acquisition of Gasco LLC’s assets and people, based in Noblesville, Indiana. Gasco will continue operations under Equipment Controls, dba Gasco. Equipment Controls has a 54-year track record of unmatched customer service as a value-added supplier of innovative products and services to the natural gas industry. The expanded business will serve 18 states throughout the Southeast and Midwest United States.
"In September of 2014, the Department of Energy (DOE) announced a new standard for furnace fan efficiency. This standard comes into effect in 2019 but will continue to impact the industry through 2020 and beyond. It will also apply to commercial, industrial, and residential heating products. For residential air conditioning clients with older units, the phasing out of R22 can pose a challenge when it comes to providing service. If an AC unit needs a refrigerant recharge due to a leak or other issues, getting ahold of R22 will be a greater challenge. HVAC technicians may be able to access limited amounts or may need to use recycled R22 for these customers."
Influencing Market Trend
- Software Automation and Connectivity in the HVAC Equipment
- Growing Machinery Application in Various Industries
- Need for Effective and Efficient Heating, Ventilation, and Air Conditioning System for Regulating the Temperature and Lowering Carbon Footprint
- Technological Advancement in the HVAC Equipment
- Surging Demand for the HVAC Equipment in Healthcare Industry
- High-Cost Investment and Maintenance Related Complication in the HVAC Equipment
- Strict Regulatory Guidelines on the Emission of HVAC Equipment
Key Target Audience
HVAC Equipment Manufacturers, HVAC Equipment Distributors and Suppliers, HVAC Equipment International Traders, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Customization available in this Study:
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