Air-Conditioning Equipment Global Market Report 2023 – By Product Type (Unitary Air Conditioners, Room Air Conditioners, Packaged Terminal Air Conditioners, Chillers, Absorption Liquid Chillers), By Components (Refrigerant, Compressor, Condenser Coil, Expansion Valve, Evaporator Coil), By Application (Residential, Commercial) – Market Size, Trends, And Global Forecast 2023-2032

The ventilation, heating, air-conditioning, and commercial refrigeration equipment refers to equipment used for ventilating, heating, and cooling of commercial buildings. This equipment includes both a central heating unit and a central cooling system. This equipment is used to operate complex environmental systems efficiently. The main types of ventilation, heating, air-conditioning, and commercial refrigeration equipment are HVAC and commercial and industrial refrigeration equipment, commercial fan, and air purification equipment, and heating equipment (except warm air furnaces). The commercial fan and air purification equipment refer to the equipment that is used for the purification of air. The various cAsia-Pacificity includes small, medium, and large. The various end-users are residential, commercial, and industrial. The global ventilation, heating, air-conditioning, and commercial refrigeration equipment market is segmented - 1) By Type: HVAC And Commercial And Industrial Refrigeration Equipment, Commercial Fan And Air Purification Equipment, Heating Equipment (except Warm Air Furnaces) 2) By Capacity: Small, Medium, Large 3) By End-Use: Residential, Commercial, Industrial Subsegments Covered: HVAC Equipment, Commercial And Industrial Refrigeration Equipment, Polystyrene Foam Products, Urethane And Other Foam Product, Air Purification Equipment, Attic And Exhaust fans, Other Commercial Fan And Air Purification Equipment, Heating Boilers, Heating Stoves, Floor And Wall Furnaces, Other Heating Equipment (except Warm Air Furnaces) The global ventilation, heating, air-conditioning, and commercial refrigeration equipment market size grew from $557.38 billion in 2022 to $591.99 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global ventilation, heating, air-conditioning, and commercial refrigeration equipment market is expected to grow to $729.35 billion in 2027 at a CAGR of 5.4%. The ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. Major companies in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market include Johnson Controls International plc, Gree Electric Appliances Inc., Midea Group co Ltd., Hitachi Ltd., Ingersoll-Rand Plc, Honeywell International Inc., Carrier Corporation, Danfoss GmbH, Atlas Copco AB, and Panasonic Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Geothermal heating and cooling technology are 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. Geothermal heating and cooling systems are now installed in about 50,000 US houses each year, according to the US Department of Energy. The Asia-Pacific was the largest region in The ventilation, heating, air-conditioning, and commercial refrigeration equipment market share in 2022. North America was the second-largest region in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market. The regions covered in the ventilation, heating, air-conditioning, and commercial refrigeration equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the ventilation, heating, air-conditioning, and commercial refrigeration equipment market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The ventilation, heating, air-conditioning, and commercial refrigeration equipment market consists of sales of ventilation, heating, air-conditioning, and commercial refrigeration equipment, including heating equipment (except warm air furnaces), air-conditioning, and warm air heating equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The ventilation, heating, air-conditioning, and commercial refrigeration equipment market research report is one of a series of new reports from The Business Research Company that provides ventilation, heating, air-conditioning, and commercial refrigeration equipment market statistics, including ventilation, heating, air-conditioning, and commercial refrigeration equipment industry global market size, regional shares, competitors with ventilation, heating, air-conditioning, and commercial refrigeration equipment market share, detailed ventilation, heating, air-conditioning, and commercial refrigeration equipment market segments, market trends and opportunities, and any further data you may need to thrive in the ventilation, heating, air-conditioning, and commercial refrigeration equipment industry. This ventilation, heating, air-conditioning, and commercial refrigeration equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automatic environmental control refers to devices used as automatic controls and regulators for applications, such as heating, air-conditioning, refrigeration, and appliances. The main types in the automatic environmental control market are heating equipment, refrigeration equipment, and air conditioning equipment. The heating equipment in the automatic environmental control market refers to the heating systems that provide heat maintained at the thermal level. It includes products such as environmental monitors, environmental monitoring sensors, wearable environmental,monitors, that are used in residential, commercial, and industries. The global automatic environmental control market is segmented - 1) By Type: Heating Equipment, Refrigeration Equipment, Air Conditioning Equipment 2) By Product Type: Environmental Monitors, Environmental Monitoring Sensors, Wearable Environmental Monitors 3) By Application: Residential, Commercial, Industrial The global automatic environmental control market size will grow from $16.26 billion in 2022 to $17.59 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automatic environmental control is expected to grow to $23.38 billion in 2027 at a CAGR of 7.4%. Rapid growth in manufacturing industries is a key factor driving the growth of the automatic environmental control market. In the Indian economy, industrial manufacturing is the major growing sector with diverse companies engaged in the manufacturing of machinery and equipment, building and construction materials, rubber and plastic products, electrical and mechanical products, cement, and automation technology products. Growth in manufacturing outputs in China and Brazil will be the highest in the next five years. The countries will grow at an annual growth rate of 7.1% and 5.0%, respectively. Therefore, the growth in manufacturing industries is expected to increase the growth of the automatic environmental control market. Major players in the automatic environmental control market are Johnson Controls, Inc., Schneider Electric, United Technologies Corporation, Honeywell International Inc., and Ingersoll Rand. Rising trade protectionism acts as a major challenge in the automatic environmental control global market. Trade protectionism is characterized as a country, or a group of countries working related as an exchange alliance, making exchange boundaries with the particular objective of protecting its economy from the potential dangers of worldwide trading. The target of trade protectionism is to ensure a country's fundamental monetary interests, for example, its key ventures, wares, and work of laborers. A wide number of trade barriers have been introduced, the major one has been higher tariffs on bilateral trade between the US and China. This increase in protectionism has contributed to a slowdown in global growth through direct effects on trade flows, supply chains, and import costs, and indirect effects on business sentiment, uncertainty, and investment around the world. Therefore, rising trade protectionism will negatively impact in this market’s growth. The smart thermostat is a key trend in the automatic environmental control market. Smart thermostats use smart technology that can be operated using mobile phones, laptops, smart speakers, or other computers connected to the internet that allows for scheduling preferred temperature settings, and they can also be integrated into home automation systems. For instance, Ecobee was the first to introduce the smart thermostat solution into the market. The company has seen its revenues double every year, it is estimated that Ecobee sales will reach $1 billion by 2020. Across North America, Ecobee holds 30% of the market share in smart thermostats. The Asia-Pacific was the largest region in the automatic environmental control market in 2022. North America is the second-largest region in the automatic environmental control market share. The regions covered in the global automatic environmental control market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automatic environmental control market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, USA, and Australia. The automatic environmental control global market consists of sales of airflow controllers, air conditioning and refrigeration, heating and cooling system controls, heating regulators, and other automatic environmental controls. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automatic environmental control global market research report is one of a series of new reports from The Business Research Company that provides automatic environmental control market statistics, including automatic environmental control industry global market size, regional shares, competitors with an automatic environmental control market share, detailed automatic environmental control market segments, market trends and opportunities, and any further data you may need to thrive in the automatic environmental control industry. This automatic environmental control market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Electrical equipment produces products that generate, distribute and use electrical power. Electrical equipment's primary function is to accomplish work by converting electrical energy and controlling electrical energy, including protecting systems, property, and people. The main types of electrical equipment are electric lighting equipment, household appliances, power generation, transmission, and control equipment, batteries and wires, and cables. Home appliances are electrical machines that aid in household functions such as cooking, cleaning, and food storage. The equipment is operated through online and offline modes. The various sales channels include OEM and aftermarket that are used by B2B and B2C end users. The global electrical equipment market is segmented – 1) By Type: Electric Lighting Equipment, Household Appliances, Power Generation, Transmission And Control Equipment, Batteries, Wires And Cables 2) By End-Use: B2B, B2C 3) By Sales Channel: OEM, Aftermarket 4) By Mode: Online, Offline Subsegments Covered: General Lighting, Automotive Lighting, Back Lighting, Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator And Home Freezer, Household Laundry Equipment, Other Major Household Appliance, Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls, Secondary Batteries, Primary Batteries, Other Cables, Coaxial Cables, Fiber Optical Cable The global electrical equipment market size grew from $1503.21 billion in 2022 to $1630.86 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of electrical equipment is expected to grow to $2190.31 billion in 2027 at a CAGR of 7.7%. The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electronic equipment. Technological development is a key to attracting both consumers and business users for either replacing or upgrading the older products with advanced versions. Digital technologies such as the internet of things (IoT) and the latest communication technologies such as 5G are expected to aid in the development of innovative electronic products. This is expected to increase the demand for electronic products which will ultimately drive the growth of the electronic equipment manufacturing market during the forecast period. Major companies in the electrical equipment market include Samsung Electronics Co. Ltd., Haier Smart Home Co. Ltd., Siemens AG, LG Electronics, Sumitomo Electric Industries Ltd., Panasonic Corporation, Schneider Electric SE, Qingdao Haier Co. Ltd., Daikin Industries Ltd., and Whirlpool Corp. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the electrical equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak hurt businesses throughout 2020 and into 2021. However, it is expected that the electrical equipment industry will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. The increasing use of portable electronic devices such as smartphones and tablets has led to the development of USB receptacles. USB receptacles offer convenient access to charge any kind of electronic device. The use of USB receptacles also eliminates the need to carry charging adapters. For example, EATON manufactures USB receptacles that have tamper-resistant shutters and LED indicator lights and can be used to charge electronic devices such as tablets, mobile phones, cameras, and MP3 players. For instance, some of the major companies manufacturing USB receptacles include Eaton, GE, and Philips. Asia-Pacific was the largest region in the electrical equipment market in 2022. Western Europe was the second largest region in the electrical equipment market share. Africa was the smallest region in the global electrical equipment market analysis report. The regions covered in the electrical equipment industry overview report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the global electrical equipment market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The electrical equipment and component market consists of sales of power converters (i.e., AC to DC and DC to AC), power supplies, surge suppressors, and other general electrical equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electrical equipment market research report is one of a series of new reports from The Business Research Company that provides electrical equipment market statistics, including electrical equipment industry global market size, regional shares, competitors with an electrical equipment market share, detailed electrical equipment market segments, market trends and opportunities, and any further data you may need to thrive in the electrical equipment industry. This electrical equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Electronics and appliance stores are stores that sell electronics and appliances to ultimate users from fixed point-of-sale locations. The electronics and appliance stores is typically operated from locations that have provisions for floor displays and provide electrical capacity for the demonstration of the products. The main types of electronics and appliance stores are hardware suppliers, security stores, and consumer electronics stores. Consumer electronic stores refer to those stores that sell consumer electronic goods like mobile phones, TVs, and so on. The main types of stores are exclusive retailers/showrooms and inclusive retailers/dealer stores, which have ownership by retail chains and independent retailers. The global electronics and appliance stores market is segmented - 1) By Type: Hardware Suppliers And Security Stores, Consumer Electronics Stores 2) By Ownership: Retail Chain, Independent Retailer 3) By Type of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store The global electronics and appliance stores market size will grow from $1,027.99 billion in 2022 to $1,105.73 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of electronics and appliance stores market is expected to grow to $1,420.58 billion in 2027 at a CAGR of 6.5%. Electronics and appliance stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. For instance, the global retail analytics market will reach $5.1 billion in 2020. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for electronics and appliance stores to identify and meet the needs and expectations of their customers. This is expected to drive the market going forward. Major companies in the electronics and appliance stores market include Best Buy Co. Inc., Ceconomy AG, Dixons Carphone plc, The Home Depot, Yamada-Denki Co. Ltd., Bic Camera Inc., Fnac Darty SA, GOME Retail Holdings Limited, Gamestop Corp, and Office Depot. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the electronics and appliance store market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the electronics and appliance stores market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Electronics stores are rapidly adopting technology to implement efficient workflow, better store management, and services. Stores now have traffic-tracking sensors, radio-frequency identification (RFID) tags, handheld scanners, and heat maps, all designed to offer a real-time snapshot of how the modern consumer is shopping. These digital technologies help with real-time stock management, inventory controls, making solid predictions, and demand forecasting. Global electronics and appliance stores including Best Buy, Conn’s, Fry’s Electronics, the retail operations of Apple, Fnac Darty (Belgium), GOME (China), Saturn brands (Germany), and Yamada Denki (Japan) have adopted a wide range of digital technologies to enhance the in-store experience. Asia-Pacific was the largest region in the electronics and appliance stores market in 2022. Western Europe was the second-largest region in the electronics and appliance stores market. The regions covered in the electronics and appliance stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the electronics and appliance stores market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The electronics and appliance store market includes revenues earned by entities by providing services through hardware suppliers, security stores, and consumer electronics stores. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electronics and appliance stores market research report is one of a series of new reports from The Business Research Company that provides electronics and appliance store market statistics, including global market size, regional shares, competitors with an electronics and appliance store market share, detailed electronics and appliance store market segments, market trends and opportunities, and any further data you may need to thrive in the electronics and appliance store industry. This electronics and appliance store market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Steam and air-conditioning supply refer to the production, collection, and distribution of steam and hot water for heating, power, and other purposes. This supply is used to provide steam, heated air, or cooled air. It also helps in the production and distribution of cooled air and production and distribution of chilled water for cooling purposes. The major types of steam and air-conditioning supply are the distribution of steam and heated air and the distribution of cooled air. Heated steam refers to steam at a temperature higher than its boiling point at absolute pressure and is referred to as superheated steam. It is distributed through multi-brand stores, exclusive stores, online channels, and other channels. It is primarily used by residential and commercial end-users. The global steam and air-conditioning supply market is segmented – 1) By Type: Distribution Of Steam and Heated Air, and Distribution Of Cooled Air 2) By Distribution Channel: Multi-Brand Stores, Exclusive Stores, Online, and Other Distribution Channels 3) By End User: Residential, Commercial The global steam and air-conditioning supply market size will grow from $96.09 billion in 2022 to $101.59 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The s market size of team and air-conditioning supply is expected to grow from $123.22 billion in 2027 at a CAGR of 4.9%. The growth in the steam & air-conditioning supply market is due to the higher disposable income, corporate profit, and industrial output, which has resulted in greater demand for air-conditioning and heating, particularly in urban areas. An increase in disposable income is expected to propel the growth of the steam & air-conditioning supply market going forward. Disposable income refers to the amount of money left to spend and save after income tax has been deducted. Due to a rise in the purchasing capacity of the public people are choosing to buy discretionary products which are costly and provide comfort steam & air-conditioning comes under this category of products. For instance, according to trading economies, a US-based company provides information about economic indicators, exchange rates, and stock market indexes. Disposable Personal Income in India increased the US $ 3017266.44INR Million in 2021 which is the US $ 2525496.31 Million in 2020. Therefore, an increase in disposable income is driving the growth of the perishable prepared food manufacturing market. Major players in the steam & air-conditioning supply market include Carrier Corporation, Trane Inc., Daikin Applied Americas Inc., Goodman Manufacturing Company LP, and Rheem Manufacturing Company. Technological innovations are the key trend gaining popularity in the steam and air-conditioning supply market major companies operating in the market are introducing new technologies such as Experience Zone to sustain their position in the market. For instance, in January 2021, Voltas Limited, an India-based manufacturer of steam and air-conditioning systems launched Experience Zone which helps to meet the growing expectations of consumers this provides real-time experience spaces. This is designed to experience a new range of Volta’s air conditioners. The steam and air-conditioning supply companies are adopting zoned steam and air conditioning systems for their reliable efficiency and low energy consumption. The zoned steam and air conditioning systems heat or cool specific areas by controlling zone halves or zone dampers attached inside the vents or ductwork. The zoned steam and air conditioning system consumes less energy to reach the selected temperature. The sophisticated zone steam and air condition system can be installed in a traditional system to meet the user’s specific needs. According to HVAC.com, these traditional zoning methods can save the user up to 30% on annual energy usage. Western Europe was the largest region in the steam & air-conditioning supply market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the steam & air-conditioning supply market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The steam and air conditioning supply market includes revenues earned by entities by providing electric power, natural gas, steam, hot water through a permanent infrastructure. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The steam and air-conditioning supply market research report is one of a series of new reports from The Business Research Company that provides steam and air-conditioning supply market statistics, including steam and air-conditioning supply industry global market size, regional shares, competitors with a steam and air-conditioning supply market share, detailed steam and air-conditioning supply market segments, market trends and opportunities, and any further data you may need to thrive in the steam and air-conditioning supply industry. This steam and air-conditioning supply market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Sodium cocoyl isethionate is a component that is extracted from coconut oil. Sodium Cocoyl Isethionate is used mainly in the creation of bath soaps and cleaning ingredients for beauty and personal care products. The sodium cocoyl isethionate market covered in the report is segmented by type into powder, needles and flakes, and granules; by product type into cleansing sodium cocoyl isethionate, hair conditioning sodium cocoyl isethionate, surfactant sodium cocoyl isethionate, others; by application into skincare, hair care, baby care, oral care, others. The global sodium cocoyl isethionate market is segmented – 1) By Type: Powder, Needles And Flakes, Granules 2) By Product Type: Cleansing Sodium Cocoyl Isethionate, Hair Conditioning Sodium Cocoyl Isethionate, Surfactant Sodium Cocoyl Isethionate, Other Product Types 3) By Application: Skin Care, Hair Care, Baby Care, Oral Care, Other Applications The global sodium cocoyl isethionate market size grew from $0.17 billion in 2022 to $0.18 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of sodium cocoyl isethionate is expected to grow to $0.24 billion in 2027 at a CAGR of 7.2%. The growing demand for skincare products is expected to drive the growth of the sodium cocoyl isethionate market in the coming years. Skincare products, such as face masks and body scrubs, play an important role in self-care routines. Sodium cocoyl isethionate is a solvent that allows water, oil, and dirt to be combined to make things clean. Sodium cocoyl isethionate can be used in hundreds of skincare products such as facial cleansers, bar soap, acne products, styling products and other products. According to Trefis, a financial research and analysis company, the global skincare industry was worth almost $135 billion in 2018, rising almost 60% in the last 10 years, and Trefis estimates it to hit $180 billion, a rise of over 30% by 2023. Therefore, the growing demand for skincare products drives the growth of the sodium cocoyl isethionate market. Major players in the sodium cocoyl isethionate market are Akzo Nobel N.V, Innospec Inc., Galaxy Surfactants Ltd., Taiwan NJC Corporation, BASF SE, Clariant International Ltd., KIYU New Material Co. Ltd., Henan Surface Chemical Industry Co. Ltd., Huanggang Yongan Pharmaceutical Co. Ltd., and Earth Science Beauty. The high cost of sodium cocoyl isethionate is expected to hamper the growth of the sodium cocoyl isethionate market in the coming years. Sodium Cocoyl Isethionate is a component that is extracted from coconut oil. Sodium Cocoyl Isethionate is used mainly in the creation of bath soaps and cleaning ingredients for beauty and personal care products. The cost of sodium cocoyl isethionate is high as it is made from natural coconut oil and is completely biodegradable. For instance, Alexmo Cosmetics, a Germany-based cosmetics company charges $33.11 per 1 kg for sodium cocoyl isethionate powder. Therefore, the high cost of sodium cocoyl isethionate restraints the growth of the sodium cocoyl isethionate market. The launch of innovative products consisting of sodium cocoyl isethionate is a major trend gaining popularity in the market. Major companies operating in the sodium cocoyl isethionate sector are focusing on developing innovative solutions for sodium cocoyl isethionate. For instance, in March 2020, Groupe GM, a Paris-based hospitality company, introduced a solid amenity bath line called Damana Earth & Sun made from a mixture of mild surfactants, such as sodium cocoyl isethionate extracted from coconut oil, emulsifiers and emollients. These dermatological products are genuinely soap-free, allowing them suitable for sensitive and atopic skin. In March 2020, Akzo Nobel N.V., a Netherland-based company that creates paints and performance coatings for both industry and consumers, acquired the remaining 25% stake in previously acquired Akzo Nobel Boya Sanayi ve Ticaret A.S for an undisclosed amount. This acquisition will help to consolidate AkzoNobel’s strong position in powder coatings in Turkey. Akzo Nobel Boya Sanayi ve Ticaret A.S, a Turkey-based company that manufactures and distributes powder coating. North America was the largest region in the sodium cocoyl isethionate market in 2022. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the sodium cocoyl isethionate market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the sodium cocoyl isethionate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The sodium cocoyl isethionate market consists of sales of raw materials for the preparation of sodium cocoyl isethionate including hydroxyethyl sodium sulfonate and coconut oil acid. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The sodium cocoyl isethionate market research report is one of a series of new reports from The Business Research Company that provides sodium cocoyl isethionate market statistics, including sodium cocoyl isethionate industry, sodium cocoyl isethionate global market size, regional shares, competitors with a sodium cocoyl isethionate market share, detailed sodium cocoyl isethionate market segments, market trends and opportunities, and any further data you may need to thrive in the sodium cocoyl isethionate industry. This sodium cocoyl isethionate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The refrigerants can be used as primary working fluids in absorption refrigeration systems or as secondary fluids to transmit thermal energy from one medium to the other. A refrigerant is a chemical blend of fluids that serves as a cooling agent in heat pumps and refrigeration cycles. It operates on the concept of phase transition, which converts liquid to gas and vice versa at varying temperatures. The main types of refrigerants are halocarbons, azeotropic, zeotropic, inorganic refrigerants, hydrocarbons, and others. Halocarbons are organic compounds with several or all hydrogen atoms replaced with halogen atoms, usually fluorine or chlorine. It is used in air conditioners, refrigerators, chillers, heat pumps, electronics devices, and others. The global refrigerants market is segmented - 1) By Type: Halocarbons, Azeotropic, Zeotropic, Inorganic Refrigerants, Hydrocarbons, Other Types 2) By Application: Air Conditioners, Refrigerators, Chillers, Heat Pumps, Electronics Devices, Other Applications The global refrigerants market size grew from $22.93 billion in 2022 to $25.34 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global refrigerants is expected to grow to $34.23 billion in 2027 at a CAGR of 7.8%. The rising demand for air conditioning is expected to drive the growth of the refrigerants market in the coming years. The increasing temperature globally increased the demand for cooling systems. According to the World Meteorological Organization (WMO), in 2020, the average temperature across the globe was 1.2 °C higher than the above pre-industrial era (1880) temperatures. This drives the demand for air conditioning, hence refrigerants. A refrigerant is a chemical compound that is found in air conditioners. It absorbs heat from the surroundings and releases cool air after passing through air conditioners and evaporators. For instance, according to the International Energy Agency (IEA) estimates, by 2050 around two-thirds of the world’s households will have an air conditioner. Developing economies such as India, China, and Indonesia together will account for half of the total number of air conditioners. Therefore, the increasing temperature globally increasing demand for air conditioning and is expected to propel the market for refrigerants market. Major players in the refrigerants market report are Arkema SA, Dongyue Group Co Ltd., Honeywell International Inc., The Chemours Company, Daikin Industries, Gujarat Fluorochemicals Limited, and Navin Fluorine International Ltd. The growing technological advancements are shaping the refrigerants market. Major Players operating in the refrigerants sector are focused on developing technological solutions for refrigerants to strengthen their position. For instance, in February 2020, Honeywell, a US-based company that delivers innovative technologies to customers launched Solstice N15 (R-515B) based on HVAC technology. Solstice N15 (R-515B) is a novel non-flammable refrigerant with a low global warming potential (GWP) that can be used in chillers and heat pumps. In July 2022, A-Gas, a UK-based manufacturer of industrial gases, refrigerants and other compounds acquired Certified Refrigerant Services, Inc. for an undisclosed amount. With this acquisition, CRS would expand the A-Gas’ refrigerant business in the USA and demonstrates the company’s interests on the recovery and reclamation of refrigerant gases in a safe and efficient manner. Certified Refrigerant Services, Inc. is a US-based provider of refrigerant services. Asia-Pacific was the largest region in the refrigerants market in 2022. Asia-Pacific is predicted to record the fastest growth in the global refrigerants market share during the forecast period. The regions covered in the refrigerants market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the refrigerants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The refrigerants market consists of sales of hydrocarbons, water and ammonia. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The refrigerants market research report is one of a series of new reports from The Business Research Company that provides refrigerants market statistics, including refrigerants industry global market size, regional shares, competitors with a refrigerants market share, detailed refrigerants market segments, market trends and opportunities, and any further data you may need to thrive in the refrigerants industry. This refrigerants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Smart apartments construction is the process of building, altering, repairing, improving, or demolishing any smart apartment using a detailed design and plan. Smart apartments are multifamily properties that are futuristic buildings equipped with advanced electronics and wireless devices. The smart apartments system requires a web portal or smartphone application to interact with the automated system as a user interface. The main types of products in smart apartments are building management systems (BMS), heating, ventilating, and air conditioning (HVAC), lighting control, security and access control, emergency alarm and evacuation systems, and audio and visual effects. Lighting controls are a class of smart lighting systems that can manage the amount, quality, and characteristics of light in a specific area. These smart devices help to reduce electricity waste while also boosting energy efficiency. Smart apartments are used in residential areas, hotels, and others. The global smart apartments market is segmented - 1) By Product: Building Management System (BMS), Heating, Ventilating, and Air Conditioning (HVAC), Lighting Control, Security and Access Control, Emergency Alarm and Evacuation System, Audio and Visual Effects 2) By Technology: Wi-Fi, Bluetooth, GSM/GPRS, RFID, Other Technologies 3) By Application: Residential, Hotel, Other Applications The global smart apartments market size will grow from $2.67 billion in 2022 to $3.1 billion in 2023 at a compound annual growth rate (CAGR) of 16.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global smart apartments is expected to grow to $5.3 billion in 2027 at a CAGR of 14.3%. The smart apartment market is driven by the increased use of IoT (Internet of Things) devices by people in every aspect of their daily routine. IoT involves sending and receiving data through a network of sensors, appliances, meters, and other devices. IoT-enabled sensors and devices are used to increase the efficiency of the appliances in a smart apartment, making it more efficient, sustainable, and safer. For example, a few IoT-enabled sensors are capable of automatically turning the lights on after sensing the presence in a room, thus adding a distinctive attribute to the smart apartments. Thus, the increased adoption of IoT technology boosts the growth of the smart apartment market. For instance, global spending on IoT across markets grew 12.1% in 2020 to $128.9 billion. Thus, the increased demand for IoT devices that help ease the lifestyle boosts the smart apartments market growth. Major players in the smart apartments market are Johnson Controls, ABB Ltd., Siemens AG, Honeywell International Inc., Hitachi, IBM, Schneider Electric, Hewlett-Packard, TYCO International, and Siemens, Legrand SA. The risk of a potential cyber-attack leading to a breach in privacy restricts the growth of the smart apartment market. A smart apartment uses a complex network of devices connected over the internet that uses sensors and controllers, which are used to control the ventilation systems, heating systems, lighting, water, video surveillance systems, alarms, and other critical functions. Thus, any security breach caused due to a malicious cyber-attack affects the remote monitoring of temperature, system performance, and other variables of a smart building and intrudes the privacy of the residents. Any breach in the cybersecurity of a smart apartment may result in the exploitation of remote access privileges to gain access to the facility. For instance, in 2021, the experiment was conducted by the consumer group partnered with NCC Group and Global Cyber Alliance (GCA), in which the home was filled with smart devices. The result revealed that there were more than 12,000 cyber-attacks in a single week. The hacker used it to communicate with the plaintiff's family members. The incident raises issues regarding the safety of smart appliances installed in smart residential buildings. Thus, the growth of the smart apartment market is restricted by the risk of cyber-attack causing a privacy breach. The concept of using an apartment as a service (AaaS) is the latest trend driving the smart apartment market. In the apartment as a service concept (AaaS), fully furnished smart apartments are rented for very short to long periods of time. It helps to offer a cost-effective solution for tenants to live in a smart apartment. Using apartments as a service enables the rental operators to streamline their operations and costs, thus enhancing the resident’s experience and discovering new revenue streams for the owner. For instance, as reported by Entrata, a USA-based provider of property management software, in the USA, almost 57% of apartment tenants can pay up to $20 per month if smart technology is installed in an apartment. In June 2022, ADT Inc., a USA-based provider of electronic security, fire protection, and other related alarm monitoring services for homes, small business, and large businesses acquired IOTAS for an undisclosed amount. Through the acquisition, ADT Inc. aims to strengthen its product line in the multifamily market. IOTAS is a US-based provider of a premier smart home technology platform. A smart home automation feature offered by IOTAS is commonly found in single-family homes. Additionally, the company provides technology to property management firms to help them attract tenants. Asia-Pacific was the largest region in the smart apartments market in 2022. Africa is expected to be the fastest-growing region in the global smart apartments market during the forecast period. The regions covered in the global smart apartments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart apartments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The smart apartments construction market includes revenues earned by entities by constructing or remodelling and renovating smart apartments. This market includes the sales of residential housing general contractors (that is new construction, remodelling, or renovating existing residential structures), for-sale builders and remodelers of residential structures, residential project construction management firms, and residential design-build firms. The smart apartment work performed includes new work, additions, alterations, maintenance, and repairs. Smart buildings use automatic processes to control the buildings' operations, such as air conditioning, lighting, security and other systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart apartments market research report is one of a series of new reports from The Business Research Company that provides smart apartment market statistics, including global smart apartment market size, regional shares, competitors with a smart apartment market share, detailed smart apartment market segments, market trends and opportunities, and any further data you may need to thrive in the smart apartment industry. This smart apartment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.