ShareThe global HVAC equipment market
The global HVAC equipment market is expected to exceed USD 139 billion by 2018, growing at a compound annual growth rate (CAGR) of 8.9% from 2012 to 2018.
According to a new market research report proposed by ReportLinker, the global HVAC equipment market is expected to exceed USD 139 billion by 2018, growing at a compound annual growth rate (CAGR) of 8.9% from 2012 to 2018.
Factors such as changes in energy regulations, technological developments by manufacturers to meet these energy efficiency requirements, and growing demand across the commercial sector, especially in the Asia Pacific region, are some of the key growth drivers. However, the magnitude of the impact of these factors on the market varies on a regional basis.
The commercial segment for HVAC equipments is growing at a healthy rate, with the tourism sector taking the lead. The commercial segment alone accounted for around 40% of market share in 2012 .
Analysis of the global HVAC equipment market, based on different components, identifies cooling units as a dominant segment.
The control systems segment is expected to see a CAGR of 6.9% for the period 2012 - 2018. This growth is supported by increased usage and demand of control devices from manufacturers.
Factors such as changes in energy regulations, technological developments by manufacturers to meet these energy efficiency requirements, and growing demand across the commercial sector, especially in the Asia Pacific region, are some of the key growth drivers. However, the magnitude of the impact of these factors on the market varies on a regional basis.
The commercial segment for HVAC equipments is growing at a healthy rate, with the tourism sector taking the lead. The commercial segment alone accounted for around 40% of market share in 2012 .
Analysis of the global HVAC equipment market, based on different components, identifies cooling units as a dominant segment.
The control systems segment is expected to see a CAGR of 6.9% for the period 2012 - 2018. This growth is supported by increased usage and demand of control devices from manufacturers.