Sunday, 04 June 2023 04:02 GMT

Commercial HVAC Market Set To Record Exponential Growth By 2027

(MENAFN- EIN Presswire)

Commercial HVAC Market

Rapid industrialization as well as urbanization and surge in demand of HVAC system globally are expected to fuel the growth of the commercial HVAC market.

PORTLAND, OREGON, UNITED STATES, April 4, 2022 / / -- Increase in industrialization along with rise in commercial construction activities in developing countries significantly contributes toward the growth of the global commercial HVAC market . In addition, rise in average construction spending and use of energy-efficient cooling systems in developed countries are expected to fuel the growth of the market. Moreover, for rise in need for better working and living spaces, the HVAC systems are gaining high momentum across the world. Furthermore, the need to replace old & traditional systems with modern HVAC systems to control adverse impact of greenhouse is anticipated to provide lucrative growth opportunities to the players operating in the market. Although the market is expected to witness steady growth due to the above benefits, high installation and maintenance costs, high energy consumption, and other operational challenges hinder the market for commercial HVAC systems.

Download Sample Report:

Key drivers of global commercial HVAC market

Rapid industrialization as well as urbanization and surge in demand of HVAC system globally are expected to fuel the growth of the commercial HVAC market. This results in construction of more complexes, office premises, and other commercial buildings, which further augments the demand for HVAC systems, thereby accelerating the growth of the global market. Moreover, the major factors driving the growth of the global commercial HVAC market include increase in number of data centers, rise in demand for HVAC systems to reduce energy consumption, and benefits & exemptions to manufacturers and users in government tax and rebate program. Furthermore, rise in customer inclination toward comfort has increased the demand for commercial HVAC systems.

Top companies covered in the commercial HVAC market report are United Technologies Corporation (U.S.), Mitsubishi Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), Daikin Industries Ltd (Japan), Haier Electronics Group Co. Ltd (China), Ingersoll Rand (Ireland), Johnson Controls (U.S.), Farina Corporation (U.S.), Edison Heating and Cooling (U.S.), and Lennox International Inc. (U.S.)

COVID-19 scenario analysis

Owing to the outbreak of the COVID-19 pandemic, the global commercial HVAC market is expected to witness a slowdown during the next couple of years. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of sharp slowdown in the output from commercial to industrial sector. The global construction industry, once thriving with increased investments, has been severely affected by the suspension of the construction activities due to the ongoing pandemic. In addition, dearth of labors coupled with potential supply chain bottlenecks of materials and equipment is expected to cause project delays in the ongoing funded projects, which may lead to reduced spending in the upcoming projects.

Request Customization [ 'COVID-19 impact' ]:

Key segments covered

By Heating
Heat pumps
Space heaters

By Cooling
Room unitary air conditioners
VRF systems

By Ventilation
Air filters
Air purifiers
Centrifugal fans
Roof vent
Ventilation fan
Air handling unit

By Implementation
New installation

By Application
Large and small offices
Shopping malls

By Region
North America (U.S., Mexico, and Canada)
Europe (Germany, UK, France, and the Rest of Europe)
Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
LAMEA (Brazil, South Africa, Saudi Arabia and the Rest of LAMEA)

Key benefits of the report

This study presents the analytical depiction of the global commercial HVAC industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global commercial HVAC market share.
The current market is quantitatively analyzed from 2022 to 2029 to highlight the global commercial HVAC market growth scenario.
Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

For Purchase Enquiry:

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of 'Market Research Reports' and 'Business Intelligence Solutions.' AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
email us here
Visit us on social media:


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.