TechNavio recognizes the following companies as the key players in the Global HVAC Equipment Market: Carrier Corp., Ingersoll-Rand plc, Johnson Controls Inc., and Lennox International Inc.
Commenting on the report, an analyst from TechNavio’s team said: “The Global HVAC Equipment market is adopting green technology and increasingly using renewable energy sources to create energy-efficient eco-friendly equipment. The governments of many countries such as Saudi Arabia, UAE, and the US are adopting green initiatives and promoting the use of renewable energy sources to promote clean energy. Moreover, the advent of hybrid systems and non-polluting refrigerants has led to HVAC equipment vendors and end-users providing and adopting green technology. In addition, HVAC equipment vendors are developing innovative heating and cooling equipment compatible with eco-friendly refrigerants. Furthermore, companies are manufacturing HVAC systems to meet/exceed the guidelines set by the ENERGY STAR program and the EnergyGuide labels.”
According to the report, one of the major drivers is the increase in construction activities. The market has been witnessing an increase in the global sales of homes and new buildings. This increase in construction activities, which is directly correlated to the sales of HVAC equipment, is expected to drive the growth of the HVAC industry. The high HVAC product penetration and the increase in residential construction activities have led to the growth of the Residential HVAC Equipment segment.
Further, the report states that the Global HVAC Equipment market is a capital-intensive market. Since the global economic downturn, HVAC market vendors are finding it increasingly difficult to invest heavily in R&D activities and marketing campaigns.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Daikin Industries Ltd., Paloma Industries Inc., Nortek Inc., Gree Electric Appliances Inc., and Siemens AG.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-hvac-equipment-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global HVAC Equipment Market 2012-2016
