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

The Industrial HVAC Market is being driven by Increasing demand for energy-efficient HVAC systems

The Industrial HVAC Market is expected to grow at a CAGR of 7.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 6806 million. The industrial HVAC market is witnessing a shift towards advanced refrigerants with superior energy efficiency and minimal environmental impact. Traditional refrigerants, such as chlorofluorocarbons (CFCs), hydrochlorofluorocarbons (HCFCs), ammonia, and halons, are being replaced due to their high global warming potential (GWP). The demand for eco-friendly and energy-efficient systems is driving innovation, with companies developing refrigerant solutions that strike a balance between efficiency and low environmental impact. This trend is expected to fuel the growth of the global industrial HVAC market, particularly in the adoption of variable refrigerant flow (VRF) systems. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Process industry
  • Automotive
  • Data Centers
  • Healthcare
  • Energy & Power
  • Commercial Buildings
  • Mining
  • Pulp & Paper
• Type
  • HVAC equipment
  • HVAC services
• Equipment
  • Heat Pump
  • Furnace
  • Unitary Systems
  • Boilers
  • Air Purifier
  • Dehumidifier
  • Air Handling
  • Units
  • Ventilation Fans
  • Chillers
  • Cooling Towers
  • Rooftop Units
  • Humidifiers
  • Duct Systems
  • Controls/Control Systems
  • Filters
• Geography
  • APAC
    • China
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

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

• Increasing demand for energy-efficient HVAC systems
• Growing adoption of cleanrooms across industries
• Stringent regulations for use of explosion-proof HVAC equipment in hazardous environments

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

• Frequent change in regulation pertaining to industrial HVAC
• High market competition
• Environmental pollution due to HVAC systems

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Market Scope in Industrial HVAC Market Research Report

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Research Analysis Overview

The Industrial HVAC market encompasses a range of high-performance systems, including precision air conditioning, zone control, and advanced airflow and pressure management solutions. Key components include humidity control systems, ventilation and exhaust systems, fan coil units, terminal units, air curtains, and various types of HVAC coils. Condensing units, cooling towers, and refrigerant systems are also integral. Innovations like evaporative cooling, energy recovery units, heat exchangers, thermal energy storage, HVAC commissioning, and advanced building envelope technologies are driving market growth. Cloud-based HVAC management, remote monitoring systems, and HVAC maintenance contracts are essential for optimizing system performance and efficiency. HVAC services, equipment, technology, and sustainability are ongoing priorities.

Market Research Overview

The industrial HVAC market is a significant segment of the larger global industrial machinery and supplies and components market. This market encompasses businesses specializing in industrial ventilation, air conditioning, air filtration, process cooling, and industrial refrigeration systems. The size of the industrial machinery and supplies and components market is determined by the consolidated revenue generated by manufacturers of machinery and components utilized in industrial settings. Factors driving market growth include expanding industrial production in process and discrete industries, particularly in developing countries, which in turn increases demand for energy, chemicals, petrochemicals, pulp and paper products, and processed food and beverages. Consequently, the need for efficient HVAC systems to support these industries is escalating, fueling market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/