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 landscape, energy efficiency is a critical consideration for end-users seeking to minimize costs and conserve energy. During production processes and commercial operations, energy consumption by equipment and appliances, including kettles, lauter tuns, and boilers, is significant. To cater to this demand, manufacturers and rental service providers are introducing energy-efficient HVAC equipment. Advanced raw materials and production technologies are being utilized to create eco-friendly and energy-efficient products. The increasing focus on sustainability and cost savings has fueled the demand for energy-efficient HVAC solutions. Consequently, HVAC rental equipment market players are expanding their offerings to include energy-efficient equipment to meet the evolving needs of their clientele. 

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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 equipment market caters to indoor environmental comfort needs in various sectors, including office buildings and hospitals, through primary HVAC systems. Rental facilities offer solutions for climate control during construction projects and sustainability goals. Refrigerants used in Air Conditioners should be eco-friendly to minimize greenhouse gas emissions. Filters like fiberglass, pleated, electrostatic, and carbon air filters enhance indoor air quality. The industrial segment, including mining sectors, and LEED Buildings benefit from these services. Rental services provide access to advanced, energy-efficient, and sustainable HVAC equipment, contributing to sustainability and combating global warming.

Market Research Overview

The HVAC rental equipment market is a segment of the larger global electrical components and equipment market, which encompasses companies manufacturing electrical cables and wires, electrical components, and electrical equipment. According to Technavio, this market's size is determined by the consolidated revenue of manufacturers in various sectors, including HVAC, water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers. The market also includes rental and leasing services for electrical components and equipment to industrial, commercial, and residential clients. Key components of HVAC systems, such as refrigerants, fiberglass filters, pleated filters, and electrostatic filters, contribute significantly to this market.. 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/