- The key vendors in the HVAC equipment market in APAC 2015-2019 are Carrier Corp., Daikin Industries Ltd., Hitachi Ltd. And LG Electronics Inc.
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 APAC 2015-2019. Shift towards green technology is one of the key trends upcoming in the market. With the advent of hybrid systems and non-polluting refrigerants such as HFC, HVAC vendors and end-users are shifting toward green technology. HVAC vendors are developing new heating and cooling equipment, which is compatible with the eco-friendly refrigerants such as R32. The HVAC equipment market in APAC 2015-2019 is expected to grow at a CAGR of 6.15% during the forecast period of 2014-2019.
The growth of the real estate industry in China and India is fueling market growth in APAC. Construction of shopping malls, airports, metro stations, and hospitals requires the use of HVAC equipment. Moreover, growth in the residential real estate market, as well as the retail and non-residential real estate market, will propel the HVAC equipment market in the region.
“Vendors are facing a huge demand for compact HVAC systems that are efficient as well as energy-conserving, especially in the automotive sector,” says Faisal Ghaus, Vice President of Technavio Research.
“Many new technologies are being developed to replace the bulky old HVAC systems with new compact design equipment. The smart HVAC system can be segmented as temperature-controlled, ventilation-controlled, and humidity-controlled HVACs, and a mixture of two or more of these, giving rise to an integrated HVAC system.”
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%…
