HVAC And Commercial And Industrial Refrigeration Equipment Global Market Report 2023 – By Type (HVAC Equipment, Commercial And Industrial Refrigeration Equipment), By Application (Food Processing, Beverage Production, Chemicals and Pharmaceuticals, Petrochemicals, Energy, Logistics), By Capacity (Small, Medium, Large) – Market Size, Trends, And Global Forecast 2023-2032

Warehousing and storage refer to the act of storing items that will be sold or distributed later as well as the act of storing physical commodities or inventory in a warehouse and storage facilities for bonded merchandise, general merchandise, refrigerated goods, and other warehouse products. The main types in the warehousing and storage market are general warehousing and storage; refrigerated warehousing and storage; specialised warehousing and storage; and farm product warehousing and storage. General warehousing and storage involve storing, assorting, and stocking the goods. The market is segmented by ownership into private warehouses, public warehouses, and bonded warehouses and by end-use into the retail industry, manufacturing industry, consumer goods industry, food and beverage industry, healthcare industry, and others. The global warehousing and storage market is segmented - 1) By Type: General Warehousing And Storage, Refrigerated Warehousing And Storage, Specialized Warehousing And Storage, Farm Product Warehousing and Storage 2) By End-Use: Retail Industry, Manufacturing Industry, Consumer Goods Industry, Food & Beverage Industry, Healthcare Industry, Other End Users 3) By Ownership: Private Warehouses, Public Warehouses, Bonded Warehouses Subsegments Covered:, Cold Storage, Frozen Storage, Automobile Dead Storage, Bulk Petroleum And Chemical Storage, Document Storage And Warehousing, Whiskey Warehousing, Other Specialized Warehousing And Storage The global warehousing and storage market size grew from $660.39 billion in 2022 to $714.79 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 warehousing and storage market is expected to grow to $950.68 billion in 2027 at a CAGR of 7.4%. Many warehousing and storage companies are using big data analytics as a tool to plan and optimise warehouse operations. Big data analytics refers to the process of examining large sets of data to obtain useful information such as hidden patterns, market trends, unknown correlations, and customer preferences. Big data analyses the location, capacity, and flexibility of warehouses to predict customer requirements. It helps with improving warehouse planning and replenishment and creating lean supply chains with sophisticated inventory systems. This maximises workflow, improves floor utilization, and increases operational efficiencies and ROI. For example, The Clemens Group, a food services provider, uses big data forklift fleet management software to track vehicle impacts, operator productivity, and equipment utilisation on forklifts in the warehouse. EastPack, one of the largest kiwifruit packing houses in New Zealand, uses big data from real-time location systems to minimise supply chain errors and inventory issues. Major companies using big data analytics in warehousing include Deutsche Post, DHL Group, United Parcel Service, and Kuehne + Nagel. Major companies in the warehousing and storage market include Deutsche Post AG, Nippon Express Co. Ltd., Glencore International, XPO Logistics Inc., Bunge Limited, Kuehne + Nagel International AG, Prologis Inc., Owens & Minor Inc., Ceva Logistics AG, and Mitsui. Asia-Pacific was the largest region in the warehousing and storage market in 2022. North America was the second largest region in the warehousing and storage market. The regions covered in the warehousing and storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the warehousing and storage market 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 warehousing and storage market includes revenues earned by entities by storing goods for smooth distribution, ensuring the supply chain of goods, managing inventory, and enhancing customer satisfaction. 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 warehousing and storage market research report is one of a series of new reports from The Business Research Company that provides warehousing and storage market statistics, including warehousing and storage market size, regional shares, competitors with a warehousing and storage market share, detailed warehousing and storage market segments, market trends and opportunities, and any further data you may need to thrive in the warehousing and storage industry. This warehousing and storage 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.

Specialized freight trucking is a mode of transportation for household and office goods that uses trucks for short-distance travel and provides delivery of goods in rural areas on the basis of on-demand delivery and custom-based deliveries, and is mostly used for delivery of products that can be ordered through e-commerce platforms. The main types of specialised freight trucking are automobiles and heavy equipment; bulk liquids; dry bulk materials; forest products; and refrigerated goods. Automobiles are passenger vehicles designed for use on public roads, with four wheels and a gasoline or diesel internal-combustion engine.Heavy equipment is used to describe the heavy-duty machines that are used in the construction, forestry, agriculture, and mining industries. These machines are used to move earth and other large materials, but they are also used to drill, lift, grade, suction, plough, and compact. The market is also segmented by size into heavy trucks, medium trucks, and light trucks and by application into oil and gas, industrial and manufacturing, energy and mining, food and beverages, pharmaceuticals and healthcare, and others. The global specialized freight trucking market is segmented - 1) By Type: Automobiles And Heavy Equipment, Bulk Liquids, Dry Bulk Materials, Forest Products, Refrigerated Goods 2) By Application: Oil & Gas, Industrial & Manufacturing, Energy & Mining, Food & Beverages, Pharmaceuticals & Healthcare, Other Applications 3) By Size: Heavy Trucks, Medium Trucks, Light Trucks The global specialized freight trucking market size grew from $980.5 billion in 2022 to $1061.49 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. 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 specialized freight trucking market is expected to grow to $1418.06 billion in 2027 at a CAGR of 7.5%. The specialized freight trucking market's growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's 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 developed markets in the forecast period. Stable economic growth is expected to increase investments in end-user markets, thereby driving the market during the forecast period. Major companies in the specialized freight trucking market include Cargill Incorporated, Toyota Motor Corp, FedEx Corporation, Energy Transfer Partners LP, Thyssenkrupp AG, Plains GP Holdings, A.P. Møller-Mærsk A/S, Toyota Tsusho, CJ Corp, and Knight-Swift Transportation Holdings Inc. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the specialised freight trucking market in 2020 as governments imposed lockdowns and restricted the movement of people and goods to contain the transmission. 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 economic activity with countries entering a state of "lock down" and the outbreak harmed businesses throughout 2020 and 2021. However, it is expected that the specialized freight trucking market will recover from the shock. Truck transportation companies are widely using collision mitigation technology to reduce the loss of lives and damage associated with accidents. The collision mitigation system detects the impending strike and alerts the driver about any collision. These systems are installed within the vehicle and, in the event of an imminent accident, they can take action automatically without the driver’s input. These systems are becoming a standard inbuilt feature on many new trucks in many countries globally. For instance, according to US Department of Transportation data, twenty automakers pledged to voluntarily equip virtually all new passenger vehicles by 2022 with a low-speed AEB system that includes forward collision warning (FCW), technology proven to help prevent and mitigate front-to-rear crashes. The agency stated that this could prevent nearly 2000 crashes every year. Major companies manufacturing these systems for trucks include Delphi Automotive LLP, Robert Bosch GmbH, Denso Corporation, Autoliv, Inc., and General Electric Company. Asia-Pacific was the largest region in the specialized freight trucking market in 2022. North America was the second largest region in the specialized freight trucking market. The regions covered in The specialized freight trucking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the specialized freight trucking 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 specialized freight trucking market includes revenues earned by entities by providing transportation services for specialized goods that must be delivered to customers quickly. 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 specialized freight trucking market research report is one of a series of new reports from The Business Research Company that provides specialised freight trucking market statistics, including specialized freight trucking market size, regional shares, competitors with a specialized freight trucking market share, detailed specialized freight trucking market segments, specialized freight trucking market trends and opportunities, and any further data you may need to thrive in the specialized freight trucking industry. This specialized freight trucking 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.

Refrigerated warehousing and storage refer to a type of cold storage facility that provides services such as blast freezing, tempering, and modified atmosphere storage that are used to store products that must be kept at specific temperatures to stay fresh, such as foods, medicines, and biological samples in research laboratories to improve the integrity of the product, maintain the shelf life of drugs, and reduce contamination among the products. The main types in the refrigerated warehousing and storage market are cold storage and frozen storage. Cold storage refers to the storage (as of food) in a cold place for preservation. The market is also segmented by ownership into private warehouses, public warehouses, and bonded warehouses and by application into fruits and vegetables, bakery and confectionery, milk and dairy products, meat, seafood, beverages, and others. The global refrigerated warehousing and storage market is segmented - 1) By Type: Cold Storage, Frozen Storage 2) By Ownership: Private Warehouses, Public Warehouses, Bonded Warehouses 3) By Application: Fruits & Vegetables, Bakery & Confectionery, Milk & Dairy Products, Meat, Seafood, Beverages, Other Applications The global refrigerated warehousing and storage market size grew from $156.19 billion in 2022 to $170.65 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. 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 refrigerated warehousing and storage market is expected to grow to $235.99 billion in 2027 at a CAGR of 8.4%. Warehouses are increasingly using mobile technologies to efficiently monitor warehouse operations. Mobile technology includes the use of tablets, smartphones, mobile printers, and other handheld devices for communication and information. These devices make use of GPS, RFID, VoIP, digital imaging, and voice technology. Technicians operating forklifts and automated material handling equipment in a warehouse are using mobile technologies to obtain information on troubleshooting, repairs, and work orders. This gives warehouse managers access to equipment status and performance reports and enables them to track warehouse operations around the clock. Wearable technology such as smart glasses is being integrated with warehouse management systems to improve hands-free mobility for workers. According to a report by MHI, a material handling, logistics, and supply chain association, 22% of the respondents use mobile technologies in warehouses, and the adoption rate is expected to reach 45% in the next two years. Major companies in the refrigerated warehousing and storage market include AmeriCold Logistics/Americold Realty Trust and Subsidiaries, Nichirei Corporation, Lineage Logistics Holdings LLC, Henningsen Cold Storage Co, Burris Logistics, Toyo Suisan Kaisha Ltd., Agro Merchants North America Holdings LLC, Nippon Suisan Kaisha Ltd., and Snowman Logistics Ltd. Asia-Pacific was the largest region in the refrigerated warehousing and storage market in 2022. North America was the second largest region in the refrigerated warehousing and storage market. The regions covered in the refrigerated warehousing and storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the refrigerated warehousing and storage 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 refrigerated warehouse and storage market includes revenue earned by entities by providing refrigeration services to keep produce (often food) at an ideal temperature, prevent rotting, extend its life span, and minimize microbial contamination growth. 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 refrigerated warehousing and storage market research report is one of a series of new reports from The Business Research Company that provides refrigerated warehousing and storage market statistics, including refrigerated warehousing and storage industry global market size, regional shares, competitors with a refrigerated warehousing and storage market share, detailed refrigerated warehousing and storage market segments, market trends and opportunities, and any further data you may need to thrive in the refrigerated warehousing and storage industry. This refrigerated warehousing and storage 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.

A refrigerator is defined as an electrical appliance used to preserve food at cold temperatures. A freezer is part of a refrigerator where the temperature is maintained below the freezing point for storing food for longer periods. The main types of household refrigerators and home freezers are refrigerators, freezers, ice boxes, and refrigerator/freezer combinations. A refrigerator is an electronic household appliance that keeps food and drinks cold by pushing a liquid refrigerant through a sealed system, which causes it to vaporize, and draw heat out of the fridge. The vaporized refrigerant is then passed through coils outside the fridge (at the back or bottom). This warms up the vapor and changes it back into a liquid. The various door types of household refrigerators include single doors, double doors, side-by-side doors, and French doors. The different freezer locations are freezer on top, freezer on bottom, and freezer less, which are used for frozen vegetables and fruit, frozen meat, and other applications. The main types of household refrigerators and home freezers marketed by distribution channel are: specialty stores, supermarkets/hypermarkets, online, and others. The global household refrigerator and home freezer market is segmented - 1) By Type: Refrigerators, Freezers, Ice Boxes, Refrigerator/Freezer Combinations 2) By Refrigerator Door Type: Single Door, Double Door, Side by Side Door, French Door 3) By Freezer Location: Freezer on top, Freezer on bottom, Freezer less 4) By Application: Frozen Vegetable and Fruit, Frozen Meat, Other Applications 5) By Distribution Channel: Specialty Stores, Supermarkets/Hypermarkets, Online, Other Distribution Channels The global household refrigerator and home freezer market size will grow from $55.55 billion in 2022 to $59.96 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. 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 household refrigerator and home freezer market is expected to grow to $78.88 billion in 2027 at a CAGR of 7.1%. The increasing consumption of processed food products such as frozen meat, vegetables, and dairy products as well as change in the dietary habits of consumers is driving the household refrigerator and freezer market growth. Due to busy lifestyles, consumers are increasingly relying on processed food and prepared meals that require refrigerators for storage. According to Rentokil, the processed food industries are valued at $2 trillion globally. The huge market for processed food products is expected to drive the growth of the household refrigerators and home freezers market. Major players in the household refrigerator and home freezer market are Aggreko, Atlas CopCo., Caterpillar Inc., FG Wilson, Kirloskar Electric Co. Ltd., Cummins Inc., Rolls-Royce, Wärtsilä, Yanmar Co. Ltd., and Briggs & Stratton Intense pricing pressure on manufacturers is restraining the growth of the household refrigerator and freezer market. The market has numerous players competing in terms of price, specifications, and other characteristics. Durable goods such as TV, and freezers are more price elastic than necessities. People are more likely to purchase when there is a reduction in the price of the goods and less likely to purchase when there is a price hike. Household refrigerators and home freezer manufacturers are implementing technologies such as IoT and embedded sensors in their products to improve overall functionality. Manufacturers are introducing advanced human-machine interface designs in refrigerators and also manufacturing refrigerators that can automatically recognize the type and weight of the food stored in the refrigerators and adjust and monitor the temperature as per requirement. In September 2021, Whirlpool, a US-based home appliances company acquired Elica for a deal amount of $57 million. Through this acquisition, Whirlpool expands its portfolio in kitchen appliances. Elica is an Italy-based company operating in home appliances including house- hold refrigeration and home-freezers. Asia-Pacific was the largest region in the household refrigerator and home freezer market in 2022. Western Europe was the second-largest region in the global household refrigerator and home freezer market share. The regions covered in the global household refrigerator and home freezer market report analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the household refrigerator and home freezer market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The household refrigerators and home freezers market consists of the sales of top-freezer refrigerators, bottom-freezer refrigerators, side-by-side refrigerators, french door refrigerators, upright freezers, chest freezers, handle ice boxes, wheeled ice boxes, and other household refrigerators and home freezers. 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 household refrigerator and home freezer market research report is one of a series of new reports from The Business Research Company that provides a household refrigerator and home freezer market statistics, including household refrigerator and home freezer industry global market size, regional shares, competitors with a household refrigerator and home freezer market share, detailed household refrigerator and home freezer market segments, market trends and opportunities, and any further data you may need to thrive in the household refrigerator and home freezer industry. This household refrigerator and home freezer market research report deliver 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.

HVAC and commercial and industrial refrigeration equipment refers to the machinery that deals with the commercial and industrial refrigeration sector that transfers the heat energy from or to the products, or building environment. The main types of HVAC and commercial and industrial refrigeration equipment are HVAC equipment, and commercial and industrial refrigeration equipment. Commercial and industrial refrigeration equipment refers to the machinery that deals with the commercial and industrial refrigeration sector. The various capacities include small, medium, and large. The various applications involved are food processing, beverage production, chemicals and pharmaceuticals, petrochemicals, and energy. The global hvac and commercial and industrial refrigeration equipment market is segmented - 1) By Type: HVAC Equipment, Commercial And Industrial Refrigeration Equipment 2) By Capacity: Small, Medium, Large 3) By Application: Food Processing, Beverage Production, Chemicals and Pharmaceuticals, Petrochemicals, Energy, Logistics Subsegments Covered: Air-Conditioning Equipment, Warm Air Heating Equipment, Commercial Refrigeration Equipment, Industrial Refrigeration Equipment The global hvac and commercial and industrial refrigeration equipment market size grew from $441.46 billion in 2022 to $467.36 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. 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 hvac and commercial and industrial refrigeration equipment is expected to grow to $568.62 billion in 2027 at a CAGR of 5.0%. The HVAC and commercial and industrial refrigeration equipment 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 growth of the hvac and commercial and industrial refrigeration equipment market during the forecast period. Major companies in the HVAC and commercial and industrial refrigeration equipment market include Johnson Controls International plc, Gree Electric Appliances Inc., Midea Group co Ltd., Hitachi Ltd., Ingersoll-Rand Plc, Danfoss GmbH, Atlas Copco AB, Carrier Corporation, Mitsubishi Heavy Industries Ltd., and Robert Bosch GmbH. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the HVAC and commercial and industrial refrigeration equipment 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 HVAC and commercial and industrial refrigeration equipment 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 HVAC and commercial and industrial refrigeration equipment market in 2022. North America was the second largest region in the global HVAC and commercial and industrial refrigeration equipment market share. The regions covered in the global HVAC and commercial and industrial refrigeration equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries in the HVAC and commercial and industrial 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 HVAC and commercial and industrial refrigeration equipment market consists of sales of split systems, hybrid systems, duct-free systems, and packaged heating and air systems. 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 HVAC and commercial and industrial refrigeration equipment market research report is one of a series of new reports from The Business Research Company that provides HVAC and commercial and industrial refrigeration equipment market statistics, including HVAC and commercial and industrial refrigeration equipment industry global market size, regional shares, competitors with an HVAC and commercial and industrial refrigeration equipment market share, detailed HVAC and commercial and industrial refrigeration equipment market segments, market trends and opportunities, and any further data you may need to thrive in the HVAC and commercial and industrial refrigeration equipment industry. This HVAC and commercial and industrial 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.

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.

Machinery Manufacturing Market Characteristics