Heating, ventilation, and air conditioning (HVAC) is the technology of indoor and vehicular environmental comfort. Its goal is to provide thermal comfort and acceptable indoor air quality. HVAC system design is a subdiscipline of mechanical engineering, based on the principles of thermodynamics, fluid mechanics and heat transfer. "Refrigeration" is sometimes added to the field's abbreviation, as HVAC&R or HVACR or "ventilation" is dropped, as in HACR (as in the designation of HACR-rated circuit breakers).
The two main systems that are applicable for heating purposes: furnace-based and boiler-based systems. Furnace-based technology is prominent in the North American and APAC markets, whereas boiler-based systems dominate the European market.
The major advantage of boiler-based systems is the that they are based on radiant or convection heat, which provides steady heat with good temperature consistency. Moreover, advanced controls in terms of technology, easy maintenance and longer durability of the condensing boilers are other advantages that are expected to propel growth in the global HVAC market during the forecast period.
In 2019, the market size of HVAC is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for HVAC.
This report studies the global market size of HVAC, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the HVAC production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Samsung Electronics
Toshiba Corporation
Ingersoll-Rand
Johnson Control International
Mitsubishi Electric Corporation
Midea Group
Gree Electric
United Technologies Corporation
Panasonic Corporation
Daikin Industries
Market Segment by Product Type
Direct Expansion Systems
Central Air Conditioning Systems
Market Segment by Application
Residential
Commercial Real Estate
Institutional
Marine & Offshore
Oil & Gas
Power
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the HVAC status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key HVAC manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of HVAC are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on HVAC. Industry analysis & Market Report on HVAC is a syndicated market report, published as Global (United States, European Union and China) HVAC Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of HVAC market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.