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HVAC Market to Grow With 4.8% CAGR Through 2030, says P&S IntelligenceNEW YORK, Oct. 12, 2021 /PRNewswire/ -- The global HVAC market revenue is expected to rise to $358.1 billion by 2030, registering a CAGR of 4.8% from 2020 to 2030. The mushrooming requirement for energy-efficient air conditioning systems and increasing implementation of supportive government policies are the major factors driving the market across the world. Key Findings of HVAC Market Report
Get the sample pages of this report at: https://www.psmarketresearch.com/market-analysis/hvac-market/report-sample Johnson Control International PLC began the expansion of its air handling unit manufacturing plant in Hattiesburg, Mississippi, U.S., in December 2019, to increase the total area of the facility to 120,000 square feet. Furthermore, Danfoss A/S launched six new refrigeration and air conditioning (AC) systems and components in India in November 2019. These products are Danfoss Intelligent Purging System (IPS)/air purger, ICSH 2-step solenoid valve, Danfoss gas detector, IFCD defrost module, EKE 400, and Danfoss plate heat exchanger. Johnson Controls International PLC, LG Electronics Inc., Daikin Industries Ltd., Mitsubishi Electric Corporation, Danfoss A/S, Gree Electric Appliances Inc. of Zhuhai, Smardt Chiller Group Inc., GAMI Air Conditioners Manufacturing, Qingdao Haier Co. Ltd., Trane Technologies Plc, SKM Air Conditioning LLC, Thermax Limited, Petra Engineerin Industries Co., Carrier Global Corporation, Midea Group Co. Ltd., Thermal Care Inc., Blue Star Limited, The Arctic Chiller Group Ltd., Frigel Firenze SpA, and Hero-Tech Refrigeration Equipment Co. Ltd. are the most-significant HVAC market players. Browse Detailed Report on Heating, Ventilation, and Air Conditioning Market Size and Growth Forecast to 2030 HVAC Market Segmentation Analysis HVAC Market Based on Offering
HVAC Market Based on End User
HVAC Market Geographical Analysis
Browse More Reports Compressor Market - The compressor market recorded the highest growth in the Asia-Pacific region in the years gone by. Moreover, the market will boom in the region in the future years as well, on account of the soaring demand for automobiles and the subsequent boom in the manufacturing of vehicles in the region. Industrial Refrigeration Systems Market - Across the globe, the industrial refrigeration systems market will demonstrate the highest revenue growth in the Asia-Pacific (APAC) region in the coming years. This is credited to the fact that this region is home to several industrialized and some of the most densely populated countries in the world. Commercial Refrigeration Equipment Market - Asia-Pacific led the commercial refrigeration equipment market in the past and the regional market will register the fastest growth in the coming years. This is due to the rising population and escalating disposable income in the region. Moreover, the presence of the largest number of developing countries in APAC is also resulting in the largescale adoption of commercial refrigeration equipment. Chiller Market - Across the world, the sales of chillers were observed to be the highest in the Asia-Pacific region till 2019, and this trend will continue in the coming years as well. This is attributed to the fact that chillers are extensively used in China, on account of the country's booming construction sector and rail network and the increasing number of office complexes and airports in the country. About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. Contact: Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg |