London, 27 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Procurement of HVAC Systems Market, which is expected to grow at a CAGR of 6.35 percent from 2014-2018.
About the Report
The latest report by TechNavio focuses on the transforming market place and significant construction projects that has contributed to the growing demand for HVAC equipment. Moreover, changing attitudes of people towards comfortable lifestyles and increase in disposable incomes has helped market growth rates.
Additionally, the market is expected to exhibit a promising price environment in the coming years. According to estimates, prices for HVAC systems, mainly in construction and maintenance services, have been increasing at an average rate.
“The general construction market had experienced a major slowdown during the economic recession, but has now recovered because of increases in residential construction, which grew significantly in 2012. This resulted in a surge in demand for mechanical services,” says Faisal Ghaus, Vice President of TechNavio.
“Moreover, in comparison to first installation fixed price, the total cost of ownership for implementing HVAC services is moderate as mechanical contractors usually propose pricing decisions that incorporate all the costs related to providing the service.”
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Transforming Marketplace
- For a full detailed list, view our report.
Market Challenges:
- Technician Shortage
- For a full detailed list, view our report.
Market Trends:
- HVAC Systems Sourcing: Recent Price Trend
- For a full detailed list, view our report.
Key Vendors:
- Carrier Corp.
- Ingersoll-Rand Inc.
- Johnson Controls Inc.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
