Global HVAC And Commercial And Industrial Refrigeration Equipment Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
24 Feb, 2021
The HVAC and commercial and industrial refrigeration equipment market consists of sales of HVAC and commercial and industrial refrigeration equipment by entities (organizations, sole traders and partnerships) that produce HVAC and commercial and industrial refrigeration equipment. Examples of products in this market include air-conditioning equipment, refrigerated counter and display cases, snow making machinery, and attic and exhaust fans.
Global HVAC And Commercial And Industrial Refrigeration Equipment Market Size And Drivers:
The global HVAC and commercial and industrial refrigeration equipment market is expected to grow from $398.41 billion in 2020 to $412.04 billion in 2021 at a compound annual growth rate (CAGR) of 3.4%. The market is expected to reach $545.69 billion in 2025 at a CAGR of 7%.
The HVAC and commercial and industrial refrigeration equipment market growth is aided by stable economic growth forecasted in many developed and developing countries.
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Trends In The Global HVAC And Commercial And Industrial Refrigeration Equipment Market
The geothermal heating and cooling technology is 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.
Global HVAC And Commercial And Industrial Refrigeration Equipment Market Segments:
The global HVAC and commercial and industrial refrigeration equipment market is further segmented based on type and geography.
By Type:HVAC Equipment, Commercial And Industrial Refrigeration Equipment.
By Capacity:Small, Medium, Large.
Subsegments Covered:Air-Conditioning Equipment, Warm Air Heating Equipment, Commercial Refrigeration Equipment, Industrial Refrigeration Equipment.
By Geography:The global HVAC and commercial and industrial refrigeration equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global HVAC and commercial and industrial refrigeration equipment market, accounting for 62% of the total market.
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HVAC And Commercial And Industrial Refrigeration Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides HVAC and commercial and industrial refrigeration equipment market overviews, analyzes and forecasts market size and growth for the global HVAC and commercial and industrial refrigeration equipment market, HVAC and commercial and industrial refrigeration equipment market share, HVAC and commercial and industrial refrigeration equipment market players, HVAC and commercial and industrial refrigeration equipment market segments and geographies, HVAC and commercial and industrial refrigeration equipment market’s leading competitors’ revenues, profiles and market shares. The HVAC and commercial and industrial refrigeration equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.