This market research study presents a detailed segmentation of the global HVAC rental equipment market by end-user (industrial, commercial, and residential) and by geography (Americas, APAC, and EMEA). The key vendors identified in the market are Aggreko, Carrier Rental Systems, Johnson Controls, Sunbelt Rentals, Trane, and United Rentals.
Technavio’s market research analysts estimate the global HVAC rental equipment market to grow at a CAGR of 8% between 2016 and 2020. Strong demand from the industrial sector, especially from the construction and mining segments is accelerating the sales of HVAC rentals. The HVAC rental equipment market caters to customers like the food and beverage, utilities, oil and gas, petrochemical, manufacturing, construction, and mining industries, and events, data centers, hospitals, and others, to avert their crisis situations. The Americas dominate the global HVAC rental equipment market, accounting for around 38% of eth total market share. Rapid growth of the construction industry and an increase in LEED buildings will impel the growth prospects of the HVAC rental market in the Americas.
The new market research report from Technavio provides a breakdown and analysis of the HVAC rental equipment segments by technology.
“This market is expected to witness increasing integration and adoption of building automation systems during the forecast period. Building automation system is widely adopted to streamline building systems and achieve optimal efficiency. In 2015, many buildings were integrated with smart building management systems to control and monitor HVAC and other facilities of a building efficiently. The increasing popularity of HVAC system with automated technologies will aid in the growth of the HVAC rental equipment market until the end of 2020,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research
Industrial segment is the largest end-user of global HVAC rental equipment market, occupying around 51% of the overall market share. This segment will continue to be the largest segment and is expected to reach more than USD 2 billion by 2020. Factors such as the increasing demand for HVAC systems from the nuclear power sector and mining sectors spur this market segment’s growth prospects in the coming years. Moreover, stringent regulations from the food and beverage industry will further propel the growth prospects of this segment until the end of 2020.
The key vendors in the global HVAC rental equipment market include Aggreko, Carrier Rental Systems, Johnson Controls, Sunbelt Rentals, Trane, and United Rentals. This market is dominated by international players such as Carrier Rentals Systems and Johnson Controls. Several local players operate out of regional markets such as Cool Breeze Rentals in Australia. However, the local vendors are often unable to face the competition in terms of scale or technically demanding projects. The market competition is expected to intensify during the forecast period with an increase in product extensions, technological innovations, and mergers and acquisitions.
A more detailed analysis is available in the Technavio report, Global HVAC rental equipment market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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