Increasing adoption of applications from third parties and increasing cyber-attack are the significant drivers of the market.
Market Size – USD 2.97 Billion in 2018, Market Growth - CAGR of 3.7% between 2019 and 2026, Market Trends – Increasing innovative developments in industrial sector and growth in food & beverage industry
NEW YORK, April 24, 2019 (GLOBE NEWSWIRE) -- The HVAC Rental Equipment Market is projected to register a CAGR of 5.4% by 2026, to reach USD 6.29 Billion in 2026 from USD 4.07 Billion in 2018. The increasing demand from the food and beverage industry is one of the main drivers of this market. In expanding economic opportunities, the food and beverage industry plays a key role. The industry is recording growing changes in the pattern of consumption. The increasing disposable incomes of people, especially in APAC, are driving change.
The significant players in the market are Fuji Seal International (Japan), Huhtamaki Group (Finland), Coveris Holding (U.S.), CCL Industries (Canada), Constantia Flexibles GmbH (Austria), Cenveo Inc. (U.S.), and Multicolor Corporation (U.S.)
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The latest market-driven trend is increasing strict regulations on the use of refrigerants in Europe. In many countries around the world, the growing demand for manufactured refrigerants for use in air conditioners is a major concern. These refrigerants are an important source of greenhouse gasses contributing to global warming worldwide.
Low preference for rental services is one of the main factors that hinder this market's growth. One of the main challenges affecting the growth of the global HVAC rental market is that people still tend to buy and sell equipment after its intended purpose has been met.
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Further key findings from the report suggest
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Segments covered in the report:
This report forecasts revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the Market on the basis of type, application-type, deployment, industry, organization and region:
Type (Revenue, USD Million; 2016-2026)
Application Outlook (Revenue, USD Million; 2016-2026)
Deployment (Revenue, USD Million; 2016–2026)
Industry (Revenue, USD Million; 2016–2026)
Organization (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue, USD Million; 2016-2026)
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