Heating, Ventilation, And Air Conditioning (HVAC) Services include installation, replacement, maintenance, and repair services. HVAC systems are meant to give comfortable air conditions in residential or commercial set-ups and provide thermal balance. The basic function of HVAC equipment is to perform heating and cooling functions and ventilation of air.
The increasing energy efficiency of HVAC systems will drive the growth prospects for the global HVAC air filter market until the end of 2020. One of the major factors responsible for the large amount of greenhouse gas (GHG) emissions worldwide is the high percentage of electricity consumed by residential and commercial buildings. For instance, in the US, residential and commercial buildings consume approximately 70% of the overall electricity and generate 40% greenhouse gas emissions. It has been observed that about one-third of the energy consumed by commercial buildings is utilized for ventilation and space heating or cooling applications of HVAC systems. As a result, the trend of lowering energy consumption has been gaining traction among end-users. To reduce a motor’s energy consumption, the fan motor in HVAC systems has to overcome resistance to deliver the required air flow. This compels the manufacturers to focus on the development of air filters that offer lower resistance to air flow.
An increase in green construction spending will drive the growth prospects for the global HVAC air filter market for the next four years. It has been noted that the construction industry across the globe is actively investing in energy efficiency solutions to counter the rising energy costs without compromising on the quality of services provided, promote healthy building and productive environment, increase efficiency, and decrease their impact on the surroundings. As a result, these systems earn Leadership in Energy and Environmental Design (LEED) certification or Energy Star designation.
The APAC region accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. One of the major factors responsible for the market’s growth in the region is the increasing investments in real estate sector.
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– Research Methodology
The Heating, Ventilation and Air Conditioning (HVAC) Systems market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Heating, Ventilation and Air Conditioning (HVAC) Systems.
This report presents the worldwide Heating, Ventilation and Air Conditioning (HVAC) Systems market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
The following manufacturers are covered in this report:
- Daikin Industries
- Tex-Air Filters
- Universal Air Filter
Heating, Ventilation and Air Conditioning (HVAC) Systems Breakdown Data by Type
- Heating Equipment
- Ventilation Equipment
- Cooling Type
- Implementation Type
Heating, Ventilation and Air Conditioning (HVAC) Systems Breakdown Data by Application
Heating, Ventilation and Air Conditioning (HVAC) Systems Production by Region
- United States
- Other Regions
Heating, Ventilation and Air Conditioning (HVAC) Systems Consumption by Region
- North America
- United States
- Rest Of the world
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