- The key vendors in the HVAC equipment market in China 2015-2019 are Carrier Corp., Daikin Industries Ltd., Ingersoll Rand and LG Electronics Ltd.
London, 13 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the HVAC equipment market in China 2015-2019. Development of user-friendly equipment is one of the major trends upcoming in the market. Energy-efficient HVAC equipment consumes less power and, therefore, helps end-users in reducing energy costs. In addition, end-users have started to adopt HVAC equipment with reduced noise levels. HVAC equipment market in China 2015-2019 is expected to grow at a CAGR of 8.51% during the forecast period of 2014-2019.
Economic growth in China is boosting the growth of the HVAC equipment market in the country by increasing the spending capacity of the Chinese government in various sectors of the industry. Developing cities such as Xinjiang, Heilongjiang, Beijing, Henan, and Shaanxi are enjoying an era of enormous economic development, coupled with rapid industrialization and urbanization.
“With the advent of hybrid systems and non-polluting refrigerants, HVAC vendors and end-users are shifting toward green technology,” says Faisal Ghaus, Vice President of Technavio Research.
“To align themselves with green technology, companies are manufacturing HVAC systems that meet and exceed guidelines for ENERGY STAR ratings and Energy Guide labels.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
