HVAC (heating, ventilation and air conditioning) is the technology for air conditioning and comfort in vehicles and indoor environments. HVAC is a very important design in constructions of large …
HVAC (heating, ventilation and air conditioning) is the technology for air conditioning and comfort in vehicles and indoor environments. HVAC is a very important design in constructions of large buildings such as skyscrapers and in marine environments such as aquariums, where air is regulated continuously to maintain fresh and healthy environment and temperature using fresh air from outside.
The Global Market for HVAC systems has been down due to the economic crisis and the market has shifted paradigm in recent years. The old systems were basic analog based electrical systems and these still make up the majority of the installed systems. The newer systems are more energy efficient and environment friendly. This is the reason the shift to newer systems is making the market rise.
Global HVAC market is a $150bn+ industry and is growing at a CAGR of around 3.4% through 2018.
APAC remains the largest market for air conditioning sales, accounting for 45-47% of the total market, followed by the Americas region and Europe. The Chinese market is not only the largest market in Asia, but also the biggest market in the world. Approximately 65-70% of the HVAC systems are manufactured in china in 2013.
The market report has been segmented by geography as North America, Europe, Asia, and Rest of the World (RoW). Market size and forecast is provided for each of these regions. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the global HVAC market and future opportunities are provided in the report.
This report on the Global HVAC Market identifies many such insights and M&A opportunities, besides providing a detailed analysis of the HVAC market.
For more information:http://industryarc.com/Report/105/hvac-systems-equipment-market.html