Dublin, Dec. 21, 2022 (GLOBE NEWSWIRE) -- The "Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global ventilation, heating, air-conditioning, and commercial refrigeration equipment market is expected to grow from $514.86 billion in 2021 to $561.36 billion in 2022 at a compound annual growth rate (CAGR) of 9%. The market is expected to grow to $764.57 billion in 2026 at a compound annual growth rate (CAGR) of 8%.
The Asia Pacific was the largest region in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market in 2021. North America was the second-largest region in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021.
Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period.
Geothermal heating and cooling technology are becoming popular because of the surge in demand for energy-efficient HVAC systems. Geothermal HVAC absorbs heat from the facility and transfers it underground and it uses cool water from the ground to create cool air conditioning in the facility. It consists of an indoor handling unit and a system of pipes underground which requires very low maintenance and lasts longer than traditional HVAC systems. Geothermal heating and cooling systems are now installed in about 50,000 US houses each year, according to the US Department of Energy.
| Report Attribute | Details |
| No. of Pages | 400 |
| Forecast Period | 2022 - 2026 |
| Estimated Market Value (USD) in 2022 | $561.36 billion |
| Forecasted Market Value (USD) by 2026 | $764.57 billion |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies
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- Benchmark performance against key competitors
- Utilize the relationships between key data sets for superior strategizing
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Scope
Markets Covered:
1) By Type: HVAC And Commercial And Industrial Refrigeration Equipment; Commercial Fan And Air Purification Equipment; Heating Equipment (except Warm Air Furnaces)
2) By Capacity: Small; Medium; Large
3) By End-Use: Residential; Commercial; Industrial
Subsegments Covered: HVAC Equipment; Commercial And Industrial Refrigeration Equipment; Polystyrene Foam Products; Urethane And Other Foam Product; Air Purification Equipment; Attic And Exhaust fans; Other Commercial Fan And Air Purification Equipment; Heating Boilers; Heating Stoves; Floor And Wall Furnaces; Other Heating Equipment (except Warm Air Furnaces)
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Characteristics
4. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Product Analysis
5. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Supply Chain
6. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Customer Information
7. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Trends And Strategies
8. Impact Of COVID-19 On Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment
9. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Size And Growth
10. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Regional Analysis
11. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Segmentation
12. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Segments
13. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Metrics
14. Asia-Pacific Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market
15. Western Europe Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market
16. Eastern Europe Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market
17. North America Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market
18. South America Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market
19. Middle East Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market
20. Africa Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market
21. Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market Competitive Landscape
22. Key Mergers And Acquisitions In The Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Market
23. Market Background: Machinery Manufacturing Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
Companies Mentioned
- Johnson Controls International plc.
- Gree Electric Appliances Inc.
- Midea Group co. ltd.
- Hitachi Ltd.
- Ingersoll-Rand Plc.
- Honeywell International Inc.
- Carrier Corporation
- Danfoss GmbH
- Atlas Copco AB
- Panasonic Corporation
For more information about this report visit https://www.researchandmarkets.com/r/qgpela
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