Global Heating, Ventilation and Air Conditioning (HVAC) Market Report 2021: A Market Of US $ 202.92 Billion In 2025

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DUBLIN, August 16, 2021– (COMMERCIAL THREAD)–The “Global Heating, Ventilation and Air Conditioning (HVAC) Market: Insights and Forecast with Potential Impact of COVID-19 (2021-2025))” report was added to ResearchAndMarkets.com offer.

The global HVAC market is expected to reach US $ 202.92 billion in 2025, with a CAGR of 6.72% for the period 2021 to 2025.

Factors such as global population growth, increase in construction activity, emerging home automation market, intensification of annual average temperature, and escalation of e-commerce retail sales are expected to drive the growth of the market. Marlet. However, the growth of the industry would be compromised by rising commodity prices, increasing government regulations, security of data infrastructure systems, retail consolidations, and economic and political events.

Some notable trends include the growing smart thermostat market, the growing demand for inverter (AC) air conditioners in China, technological advancements and the adoption of sustainable building designs.

In 2020, the outbreak of the COVID-19 pandemic created an adverse impact on the market, as sales of commercial HVAC products declined rapidly.

The global heating, ventilation and air conditioning market can be segmented into two major segments: equipment and aftermarket and services. The equipment segment is further classified into commercial and residential products.

The fastest growing regional market is Asia-Pacific. Growth would be supported by growth in construction activity, increasing annual average temperature and increasing infrastructure spending.

Scope of the report:

  • The report provides a comprehensive analysis of the global HVAC market, segmented into equipment and aftermarket and service.

  • Major regional markets (Asia-Pacific and Americas) were analyzed along with national coverage of United States.

  • Market dynamics such as growth drivers, market trends and challenges are analyzed in depth.

  • Also presented are the competitive landscape of the market, along with the company profiles of major players namely Daikin Industries, Ltd., Raytheon Technologies Corporation, Trane Technologies Plc, Johnson Controls International Plc, Lennox International Inc. and Honeywell International Inc. are also presented. in detail.

Main topics covered:

1. Market overview

1.1 Introduction

1.2 Types of HVAC equipment

1.3 HVAC components

1.4 HVAC value chain

2. Impact of COVID-19

2.1 Presentation

2.2 Impact of the heating industry

2.3 Impact on the AC industry

3. Global HVAC Market Analysis

3.1 Global CVC Market Value

3.2 Global CVC Market Value Forecast

3.3 Global HVAC Market Value by Devices

3.4 Global HVAC Market Value by Types

3.5 Global HVAC Market Value by Region

4. Regional Analysis Of HVAC Market

5. Market dynamics

5.1 Growth drivers

5.1.1 World population growth

5.1.2 Increase in construction activities

5.1.3 Emerging home automation market

5.1.4 Increase in annual mean temperature

5.1.5 Escalation of e-commerce retail sales

5.2 Key trends and developments

5.2.1 Growing Smart Thermostats Market

5.2.2 Growing Demand for Inverter (AC) Air Conditioners in China

5.2.3 Technological advances

5.2.4 Adoption of sustainable building designs

5.3 challenges

5.3.1 Increase in commodity prices

5.3.2 Growing government regulations

5.3.3 Security of the data infrastructure system

5.3.4 Retail consolidations

5.3.5 Economic and political events

6. Competitive landscape

6.1 Global HVAC Market

6.2 North America HVAC Market

7. Company profiles

  • Daikin Industries, Ltd.

  • Financial overview

  • Honeywell International Inc.

  • Johnson Controls International Plc

  • Lennox International Inc.

  • Raytheon Technologies Corporation

  • Trane Technologies Plc

For more information on this report, visit https://www.researchandmarkets.com/r/p87zp7

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See the source version on businesswire.com: https://www.businesswire.com/news/home/20210816005402/en/

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