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Published bySakshi Bhargava Modified over 6 years ago
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Global HVAC Equipment Market 2017-2022: Trends, Forecast, and Opportunity Analysis 1
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Industry Profiles Snapshot Major ParameterDescription Market Segments by Product Type Furnace, heat pump, central AC, room AC and others Market Segments by End User Residential, office, retail, hospitality, education, healthcare and others Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Gree Electric Appliances, GD Midea group, Daikin Industries, Ingersoll Rand Plc, and UTC (United Technology and Corporation). Trend Growth Rate and CAGR4.9% Key Industry Forecast The global HVAC equipment market is expected to reach an estimated $120.6 billion by 2022 and it is forecast to grow at a CAGR of 4.9% from 2017 to 2022. Key Industry Driver Driver: Increasing disposable income, rapidly increasing construction activities in developing economies, and changing climate conditions. 2
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Industry Overview Market Size The global HVAC equipment market is expected to reach an estimated $120.6 billion by 2022 and it is forecast to grow at a CAGR of 4.9% from 2017 to 2022. Emerging trends, which have a direct impact on the dynamics of the market, include the increasing usage of green HVAC, increasing usage of air purification technology, and increasing usage of smart thermostat. Market Size (2022)$120.6 billion CAGR (2017-22)4.9% 3 Industry Performance : Forecast
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