Latest News- Non-Residential HVAC Rental Equipment Market: Unitary equipment is expected to lead the Component segment during 2025-2029

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

The Non-Residential HVAC Rental Equipment Market is expected to grow at a CAGR of 5.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1822.4 million. The non-residential HVAC rental equipment market is witnessing a notable trend towards the adoption of smart and IoT-connected HVAC systems. Leveraging advancements in portable devices and monitoring systems, end-users can effectively manage their HVAC infrastructure in real-time. IoT integration enhances the functionality of smart HVAC systems, enabling predictive maintenance and optimizing energy consumption. Real-time monitoring capabilities allow operators to identify and address potential issues promptly, reducing downtime and maintenance costs. Predictive maintenance, a significant advantage of IoT in HVAC systems, enables manufacturers to proactively maintain their dispersed equipment, ensuring optimal performance and minimizing unexpected breakdowns. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Unitary equipment
  • Portable equipment
  • Chillers equipment
• End-user
  • Industrial
  • Commercial
• Price Range
  • Medium range
  • Low range
  • High range
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America

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
• Increasing commercial construction activities
• Rising number of data centers

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

• Easy availability of HVAC equipment financing
• Failure issues with HVAC equipment
• Regulations pertaining to fluorinated greenhouse gases

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Market Scope in Non-Residential HVAC Rental Equipment Market Research Report

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Research Analysis Overview

The Non-Residential HVAC Rental Equipment Market encompasses various aspects, including pricing for HVAC rentals, the lifespan of HVAC equipment, applications for HVAC rentals, repair services for HVAC systems, logistics of HVAC rental equipment transport, design and sizing of HVAC units, system efficiency and reliability, safety considerations, refrigerant management, airflow optimization, equipment age and parts availability, redundancy planning, contract terms, capacity calculations, filter replacement, controls management, and start-up/shutdown procedures. Unit weight and dimensions are also crucial factors in HVAC rental services.

Market Research Overview

The Non-Residential HVAC Rental Equipment Market encompasses the rental of chiller systems and temporary climate control solutions for commercial and industrial applications. According to Technavio, market size is determined by the revenue generated from the rental of HVAC equipment for maintenance purposes. Factors driving growth in this sector include the increasing demand for HVAC rental services due to the need for efficient and cost-effective climate control solutions during equipment maintenance or upgrades in industries such as healthcare, manufacturing, and construction. Additionally, the growing trend towards energy efficiency and sustainability is fueling the adoption of temporary HVAC rental solutions to minimize downtime and maintain optimal indoor climate conditions.. 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/