Growth rate of skilled manpower in US HVAC Market 2012-2022 (CAGR of 5.24%)

HVAC systems are used to ventilate and filter the air in residential and non-residential spaces to maintain thermal balance. Various components used in these systems are heat exchangers, pumps, and fans. These systems control and regulate the temperature and humidity levels. The type of HVAC system required is determined by the indoor and outdoor air quality. One of the key factors that is driving the demand for HVAC systems is the rapid growth of the construction sector and real estate markets worldwide. Most of the newly constructed, modern buildings have been employing energy-efficient HVAC systems. In addition, urbanization and industrialization have been on the rise in developing countries. This has resulted in an increase in the number of factories, manufacturing units, commercial buildings, and residential complexes that have been using HVAC systems.

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Covered in this report 

The report covers the present scenario and the growth prospects of the global HVAC market for 2017-2021. To calculate the market size, the report includes the market segmentation based on HVAC equipment and services, end-users (residential and non-residential), and geography.

The market is divided into the following segments based on geography: 

• Americas

• APAC

• EMEA

Global HVAC Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 

• Carrier Corporation

• DAIKIN INDUSTRIES

• Ingersoll Rand

• Johnson Controls

• LG Electronics

Other prominent vendors 

• ELECTROLUX

• Bosch Thermotechnik

• FUJITSU

• Midea Group 

• GREE ELECTRIC APPLIANCES

• Haier

• Hitachi

• Lennox International

• Nortek

• SAMSUNG

Market Driver 

• Rising preference for condensing boilers.

• For a full, detailed list, view our report 

Market Challenge 

• High market competition.

• For a full, detailed list, view our report