We have been sharing a number of stories recently and they all have something in common. The Commercial HVAC industry is a common thread but I was thinking more specifically about success and growth. All recent stories have been boasting about upcoming success and continued growth within different sectors of our industry! This is great news for us! Check out this recent story from Military-Technologies.
Heat, Ventilation and Air-Conditioning (HVAC) Equipment Market: Global Demand Analysis & Opportunity Outlook 2021
The global heat, ventilation and air-conditioning (HVAC) equipment market is segmented into end-user such as residential and commercial/industrial out of which, commercial/industrial segment dominated the overall heat, ventilation and air-conditioning (HVAC) equipment market and is envisioned to seize a considerable CAGR by 2021. Likely, robust expansion of commercial building along with rising demand for innovative and advanced HAVC equipments is projected to bolster the growth of global heat, ventilation and air-conditioning (HVAC) equipment market. Furthermore, increasing spending of the consumers on comfortable products is also envisioned to trigger the growth of heat, ventilation and air-conditioning (HVAC) equipment market in near future.
Global heat, ventilation and air-conditioning (HVAC) equipment market is anticipated to showcase a robust CAGR of 4.4% during the forecast period i.e. 2015-2021. Additionally, increasing construction of smart homes integrated with advanced features such as HAVC systems is believed to supplement the growth of heat, ventilation and air-conditioning (HVAC) equipment market. Moreover, the global heat, ventilation and air-conditioning (HVAC) equipment market is projected to reach for USD 69.0 Billion by the end of 2021.
The air-conditioning segment by equipment type is projected to attain a notable CAGR over the forecast period. In terms of regional platform, with 51.2% share in 2015, Asia-Pacific accounted for the biggest market of heat, ventilation and air-conditioning (HVAC) equipment by witnessing a noteworthy CAGR during the forecast period. Moreover, strengthening GDP figures of the emerging economies such as China and India have paved a positive wave for the growth of commercial and industrial sector which is expected to bolster the growth of heat, ventilation and air-conditioning (HVAC) equipment market.
Growing Demand for Energy-Efficient HVAC
Rising adoption of heat, ventilation and air-conditioning (HVAC) equipment by dairy companies due to numerous factors such as to ensure longevity, hygiene, and safety of the products. Likely, growing demand to preserve dairy products is predicted to boost the growth of heat, ventilation and air-conditioning (HVAC) equipment market.
Technological Advancement
Integration of numerous features into HAVC equipments for instance internet of things (IoT) and others are gaining popularity among the consumers which is expected to bolster the growth of heat, ventilation and air-conditioning (HVAC) equipment market. Moreover, increasing installation of advanced technologies into residential houses on the back of swelled disposable income is also predicted to fuel the demand for heat, ventilation and air-conditioning (HVAC) equipments.
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This article was originally posted on Military-Technologies.net.
