HVAC Systems Market Forecast and Trends Analysis Research Report 2020-2027

According to the latest report by GMI Research, HVAC Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The HVAC Systems Market examines the impact of the COVID-19 pandemic and illustrates that the market will have a sharp fallout in 2020, and will accelerate in 2021, growing at a higher growth rate from 2022 onwards. HVAC (Heating, ventilation, and air conditioning) systems are mainly used to provide heating and cooling to residential and commercial buildings. This system controls the temperature and humidity level in the environment by controlling the movement and distribution of air inside the closed space area.

Competitive Landscape: The HVAC systems Market report also scans the competitive landscape and profiles the major players operating in the market, including Johnson Controls Inc., Ingersoll Rand PLC., United Technologies Corp., Nortek Inc., Daikin Industries  Ltd., LG Electronics, Emerson Electronics Company, Honeywell International Inc., Ingersoll Rand PLC., Electrolux AB,  and Mitsubishi Electric Corp.

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The global HVAC Systems market has witnessed substantial growth over the past few years. The strong demand for energy-efficient HVAC systems due to favorable government policies and regulations, the emerging trend of smart homes, and the increasing construction activities are the key factors boosting the growth of the HVAC systems market. Moreover, the government rebates, grants, and tax credits are further energizing the growth of the HVAC Systems Market.

The Asia-Pacific region is expected to capture the highest HVAC Systems market size in terms of revenue over the forecast period. This is attributed to the drastic increase in disposable income of people, increasing construction activities across Asian countries, and several governments supporting the usage of energy-efficient products and services. In parallel, the growing coronavirus crisis in 2020 across the globe will impact the market. The rising emphasis on maintaining a social distance is encouraging the end-users to opt for air cleaning solutions and systems in high-occupancy environments, including conference rooms, auditoriums, and training rooms. This factor presents new growth opportunities in the HVAC Systems market.

For further information on these analyses, please visit: https://www.gmiresearch.com/report/global-hvac-systems-market-air-conditioner-ac/

Market Segments:

Breakup by Equipment Type:

• Heating Equipment

• • Heat Pump
  • Furnace
  • Boiler
  • Unitary Heater

• Ventilation Equipment

• • Humidifier
  • Dehumidifier
  • Air Purifier
  • Air Filter
  • Ventilation Fan
  • Others

• Cooling Equipment

• • Room Air-Conditioner
  • Unitary Air-Conditioner
  • Chiller
  • Cooler
  • Cooling Tower

Breakup by Application:

• Residential
• Non-Residential

Breakup by Region:

• North America
  • United States of America
  • Canada

• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC

• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe

• RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

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