Posted on Jan 13 2023 8:57 AM

"The global modular construction market size is expected to gain momentum by reaching USD 114.78 billion by 2028 while exhibiting a CAGR of 6.1% between 2021 and 2028. This information is published by Fortune Business Insights in its latest report, titled, “Modular Construction Market, 2021-2028.” The report further observes that the market stood at USD 72.11 billion in 2020. "

Global  HVAC Systems Market report explores comprehensive and insightful information about various key factors like regional growth, segmentation, CAGR, business revenue status of top key players and drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

The HVAC Systems Market report majorly focuses on market trends in 2022, historical growth rate, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter’s Five Forces Analysis.

The HVAC System Market is projected to grow from USD 149.80 billion in 2022 to USD 215.23 billion by 2029, exhibiting a CAGR of 5.3% during the forecast period.

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Industry Development-

Key Industry Development

• December 2021: Carrier Malaysia rolled out a new VRF cooling system XCT7 for commercial spaces.

The Study Objectives of this Report Are:

• To analyze global status, future forecast and growth opportunity.
• To present the market development in North America, Europe, China, Japan, Southeast Asia, India and Central and South America.
• To strategically profile the key players and comprehensively analyse their development plan and strategies.
• To define, describe and forecast the HVAC Systems Market by type, global size and key regions.

List of Key Companies Operating in HVAC Systems Market Include:

• Johnson Controls (Ireland)
• DAIKIN INDUSTRIES, Ltd. (Japan)
• Lennox International Inc. (U.S.)
• Carrier (U.S.)
• Mitsubishi Electric Corporation (Japan)
• Nortek Global HVAC LLC (U.S.)
• LG Electronics (South Korea)
• Emerson Electric Co. (U.S.)
• Trane (Ireland)
• SAMSUNG (South Korea)

Some of the Key Questions Answered in this Report:

• What trends, challenges and barriers will impact the development and sizing of the global market?
• SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
• What is the HVAC Systems Market growth momentum or market carries during the forecast period?
• Which region may tap the highest market share in the coming era?
• Which application/end-user category or Product Type may seek incremental growth prospects?
• What focused approach and constraints are holding the market demand?

The report specifically highlights company profiles with regional outlook, product portfolio, sales data, distribution chain, manufacturing, new market entrants as well as existing market players, advertising, brand value, popular products, demand and supply, and other important factors to help the new entrants understand the market scenario better.

Important factors like strategic developments, government regulations, end-users, target audience, distribution network, branding, product portfolio, market share, threats and barriers, growth drivers and latest trends in the industry are also

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Drivers and Restraints

Energy Efficiency Trend to Usher in Innovations

At the time when stakeholders, including governments and NGOs have been advocating for energy-efficient equipment, heating, ventilation, and cooling (HVAC) system market growth could be pronounced. The trend for green-labeled products has become noticeable following the rise in environmental awareness across emerging and developed economies. For instance, major players, such as Daikin Industries, Ltd., and Lennox International Inc., have upped investments in air conditioners made from solar energy and natural gas. Not to mention, the penetration of smart sensors and thermostats has become trendier, boding well for the global outlook.

Meanwhile, a possible shortage of skilled labor could deter the growth prospect during the forecast period.

Market Segment Analysis -Market Segment Analysis –

• By Type (USD)
  • Single Split Systems
  • Variable Refrigerant Flow (VRF) Systems
  • Chillers
  • Others (Multi-split Systems, and others.)
• By Application (USD)
  • Commercial
  • Residential
  • Industrial
• By Region (USD)
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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Key Points from TOC:

1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

2. Executive Summary
3. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

4. Key Insights

4.1 Global Statistics — Key Countries

4.2 New Product Launches

4.3 Pipeline Analysis

4.4 Regulatory Scenario — Key Countries

4.5 Recent Industry Developments — Partnerships, Mergers & Acquisitions

5. Global HVAC Systems Market Analysis, Insights and Forecast

5.1. Key Findings/ Summary

5.2. Market Analysis — By Product Type

5.3. Market Analysis — By Distribution Channel

5.4. Market Analysis — By Countries/Sub-regions

……………

11. Competitive Analysis

11.1. Key Industry Developments

11.2. Global Market Share Analysis

11.3. Competition Dashboard

11.4. Comparative Analysis — Major Players

12. Company Profiles
13. Strategic Recommendations

TOC Continued……………….

 

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