Dublin, Feb. 09, 2016 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/qq23kh/global_hvac) has announced the addition of the "Global HVAC Equipment Market Analysis - Estimation & Forecast (2015-2022)" report to their offering.
Global HVAC Equipment Market to be Worth $151.43 Billion by 2022
Most of the big names in the market are striving hard to manufacture more and more energy efficient and environmental friendly products on account of stringent government's regulations. Recently, Samsung Electronics has launched 360 cassette air conditioning unit, DVM Chiller. Samsung thinks this modernization in HVAC industry will immensely transport air conditioning by improving energy efficiency and performance, maximizing space, and increasing cooling speed. Aiming to reach an annual sales target of $10 billion by 2020, BK Yoon, President and CEO of Samsung Electronics says, The Company hopes to enhance efficiencies and performance abilities with the new Super DVM chiller. The DVM S 30HP coalesce the DVM S with leading-edge innovation for improved performance, efficiency and consistency.
Focusing on the current market trends and dynamics, the author has also identified stringent governmental regulations as one of the key market drivers for HVAC equipment market in its report, Global HVAC Equipment Market - Analysis, Estimation & Forecast (2015-2022). According to the report, the global hvac equipment market is expected to generate over $151.43 billion value by 2022 at an estimated CAGR of 5.35% from 2015 to 2022, as per the forecasts of the analysts. In this industry, heat pumps and room air conditioners are expected to remain on high demand for various end-use applications including residential, commercial, industrial, and institutional and others.
The report provides a scrupulous analysis of equipments, products, end-use applications, in addition to the market study of the HVAC industry across different regions. The study highlights a meticulous examination of HVAC systems, end-use verticals, regulations and geography along these lines: market volume, drivers, growth opportunity, and challenges. The profiles of key market players like Samsung Electronics, Daikin Industries and Panasonic Corporation have been also included in the report.
The never ending growth in population & urbanization and rough & harsh weather conditions along with strict government's laws are the principal factors driving this industry towards growth. However, there are some environmental challenges for this market creating hurdles in the way of market growth. Despite these issues, there are a lot of opportunities existing for this industry such as; a prominent shift towards renewable source of energy and a rise in demand of green buildings and smart cities. The major demand is anticipated from the Americas over the forecasted period, while Asia-Pacific continues to be the principal revenue maker in the global HVAC equipment market.
The analyst at BIS Research says, This report comprises of the HVAC equipment market trends and developments across key geographic regions Worldwide. The market size and Compound Annual Growth Rate (CAGR) have been estimated considering and analyzing the use cases in different verticals and are discussed in the report. This report includes the global HVAC Equipment Market trends and developments.
Key Topics Covered:
Key Topics Covered:
1 Research Scope
2 Executive Summary
3 Global Hvac Equipment Market Analysis
4 Global Hvac Equipment Market Analysis, By Product
5 Global Hvac Equipment Market Analysis, By Geography
6 North America Hvac Equipment Market Analysis
7 Europe Hvac Equipment Market Analysis
8 Asia-Pacific Hvac Equipment Market Analysis
9 Middle East And Africa Hvac Equipment Market Analysis
10 Latin America Hvac Equipment Market Analysis
11 Company Profiles
- Daikin Industries Ltd.
- Ingersoll Rand
- Johnson Controls
- LG Corporation
- Lennox International Inc.
- Panasonic Corporation
- Samsung Electronics
- United Technologies Corporation (Carrier)
For more information visit http://www.researchandmarkets.com/research/qq23kh/global_hvac