Authored By: Sarah
19 Oct 2023

Billion-Dollar HVAC Equipment Market Analysis through 2023-2027: Key Geographies that Will Drive Growth

Regional Growth Analysis and Market Trends 2023-2027

The HVAC Equipment Market is a billion-dollar industry in the making with a forecasted revenue growth of USD 48.34 Bn. An increasing number of residential and commercial construction activities, the cost advantages associated with renting HVAC equipment, and the increase in demand for centralized HVAC systems are propelling the market advancement.

"As per the prediction, the market will exhibit growth at a CAGR of 6.22%  in the next five years."

Key competitors such as Daikin Industries Ltd., Fujitsu Ltd., Haier Smart Home Co. Ltd., Ingersoll Rand Inc, Johnson Controls International Plc, LG Electronics Inc., MIDEA GROUP, Nortek Inc., Robert Bosch GmbH, and Samsung Electronics Co. Ltd. are some of the major market participants and are likely to contribute significantly to the market development phase of HVAC Equipment Market 

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Snapshot of HVAC Equipment Market Analysis

HVAC Equipment Market: APAC to lead market growth during the forecast period

  • 55% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the HVAC Equipment Market size.
  • Increasing residential and commercial construction activities will be a significant factor in driving the growth of the HVAC equipment market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
  • Market is segmented by Product (Air conditioning equipment, Heating equipment, and Ventilation equipment), End-user (Non-residential and Residential), and Geography (APAC, Europe, North America, MEA, and South America). 

Technavio's research report analyses the growth trajectory of the market with a purview of prevalent market scenarios, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios. Download our sample report to learn more about the HVAC Equipment Market and discover more insights with data-backed Analysis.

Browse through some of our related reports for more understanding of the HVAC Market Landscape across the world.

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