London, 01 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global HVAC Equipment Market 2014-2018, which is expected to grow at a CAGR of 5.87 percent during 2014-2018.
“The green initiative has been taken up by different countries to promote clean energy. 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.
“To align themselves with green technology, companies are manufacturing HVAC systems that meet and exceed guidelines for ENERGY STAR ratings and Energy Guide labels.”
Key Market Drivers
- Increase in Income Levels in APAC Region
- Recovery of Housing Market in US and Europe
- Demand for Retrofits
Key Market Trends
- Shift toward Green Technology
- HVAC Component Integration
- Development of User-friendly Equipment
Key Market Vendors
- Carrier Corp.
- Daikin Industries Ltd.
- Ingersoll Rand plc
- Johnson Controls Inc.
- LG Corp.
To define the market circumstances 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%3E%C2%A0%3C/p%3E%3Cp%3EIf%20you%20are%20in…
