(MENAFN- Ameliorate Digital Consultancy)
hvac packaged unit market
the global HVAC packaged unit market is expected to exceed US$35 billion by 2022. This growth is driven by an increase in HVAC installations in developing countries such as China and India, which are expected to generate more than 85% of total HVAC packaged unit sales over the forecast period. The increasing demand for energy efficient HVAC systems also plays a key role in driving market growth.
The HVAC Packaged Unit Market is an industry that provides HVAC systems for various residential, commercial, and industrial applications. HVAC packaged units are complete HVAC systems which have all the necessary components pre-assembled into a single unit. This makes them portable and easy to install in a variety of locations. HVAC packaged units are used in both new construction projects as well as existing buildings that require HVAC system upgrades or maintenance.
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Global Hvac Packaged Unit Market : Dynamics
Matured markets exhibit a high demand for elated demand for phonologically advanced and more energy-efficient HVAC packaged unit. This has made HVAC packaged unit a preferred choice, despite the fact that they are relatively high priced than the conventional one. Growing urbanization is also one of the reasons behind the HVAC packaged unit market growth. Over the last decade, there has been a rapid increase in retail stores globally.
The expansion of existing facilities and setting up of new stores are expected to increase the demand for HVAC packaged unit, which in turn is expected to result in increased capital expenditure on these products. HVAC packaged units are excellent with the constrain space in commercial buildings and residential applications.
Key Companies-
Daikin corporation Lennox international AbsolutAire Johnson controls Allied commercials Robert Bosch Gmbh Carrier Corporation Electrolux Panasonic Corporation FUJITSU GREE ELECTRIC APPLIANCES Haier Magic Aire, Midea, Mitsubishi Electric, SAMSUNG
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Global HVAC Packaged Unit Market: Segmentation
HVAC Packaged Unit Market basis of condenser type
Air condenser HVAC packaged unit Water condenser HVAC packaged unit
HVAC Packaged Unit Market basis of end use
HVAC Packaged Unit Market basis of technology
Equipment using electromechanical controls (EMC) Direct digital control (DDC) systems
Global Hvac Packaged Unit Market: Regional Outlook
The North America market is expected to hold major share in the global HVAC packaged unit market. Over the past few years, there has been a substantial change in consumer habits towards the living preferences. Increasing disposable income and improvements in the standard of living have resulted in an increase in HVAC packaged unit usage. Europe is also projected to have high growth opportunities in the global HVAC packaged units market.
There has been a significant rise in the number of manufacturers in the Western Europe HVAC packaged unit market, this would be a major growth opportunity for HAVC packaged unit market globally. APEJ region has been a lucrative market for HAVC packaged units, owing to rapid urbanization and rising income levels in countries, such as India, China and South Korea. Latin America followed by MEA HVAC packaged unit markets are expected to have moderate growth over the forecast period.
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Overall , factors such as increased investments towards development of energy efficient products , growing awareness regarding environmental sustainability coupled with favorable government regulations are expected to positively impact revenue generation within this sector during the forecast period .
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