Latest News- HVAC Rental Equipment Market: Industrial is expected to lead the End-user segment during 2025-2029

The HVAC Rental Equipment Market is being driven by Growing adoption of cleanrooms across industries

The HVAC Rental Equipment Market is expected to grow at a CAGR of 5.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2121.6 million. In today's business environment, energy efficiency is a critical consideration for end-users to minimize costs and conserve energy. During production processes and commercial operations, energy consumption by equipment and appliances such as kettles, lauter tuns, and boilers is significant. To cater to this demand, manufacturers and rental service providers are introducing energy-efficient HVAC equipment. Advanced materials and production technologies are being employed to create eco-friendly and energy-efficient products. This shift towards energy efficiency is driven by consumers' increasing focus on sustainability and cost savings. As a result, HVAC rental equipment market is witnessing a surge in demand for energy-efficient solutions. Companies are responding by offering energy-efficient products and services to meet the evolving needs of their clients. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Industrial
  • Commercial
  • Residential
• Type
  • Air conditioning
  • Heating
  • Ventilation
• Rental Category
  • Short term
  • Long term
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing adoption of cleanrooms across industries
• Rising number of data centers
• Enforcement of favorable regulations driving HVAC equipment rental market

However, the market also witnesses some limitations, which are as follows:

• High initial investments
• Failure issues in HVAC equipment
• Regulations pertaining to use of fluorinated greenhouse gases in HVAC equipment

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Market Scope in HVAC Rental Equipment Market Research Report

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Research Analysis Overview

The HVAC rental market encompasses various solutions including Portable HVAC and Temporary HVAC systems for emergency situations. HVAC leasing is a popular option for businesses requiring HVAC Optimization, Retrofits, Upgrades, and Troubleshooting. HVAC Compliance with Codes, Standards, and Regulations is crucial, ensuring HVAC Safety through Training and Certifications. HVAC Software, Analytics, Modeling, and Simulation aid in Design, Management, and Monitoring. HVAC components like Ductwork, Piping, Wiring, Filters, Refrigerant, Insulation, Ventilation, Airflow, and Pressure are essential for optimal system performance.

Market Research Overview

The HVAC Rental Equipment Market is a segment of the expansive Global Electrical Components and Equipment Market. This market encompasses businesses involved in the manufacturing and rental of HVAC systems, including air handlers, rooftop units, and package units. The parent market, as calculated by Technavio, comprises the revenues of manufacturers in various sectors such as water heaters and accessories, motors, electrical distribution and protection equipment, HVAC systems, and small generators, among others. The market size is determined by the combined earnings of these sectors, as well as the revenue generated from the rental and leasing of electrical components and equipment to diverse industries, including industrial, commercial, and residential sectors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/