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Global HVAC Equipment Markets, 2020-2026: Strategies Centered on Solution-based HVAC Offerings - COVID-19 Pandemic has Intensified the Focus on Building Systems
Dublin, Dec. 16, 2020 (GLOBE NEWSWIRE) -- The "Global HVAC Equipment Market 2020 - Digital Transformation and IoT Propelling the Industry" report has been added to ResearchAndMarkets.com's offering.
The HVAC equipment market revenue at $102.5 billion in 2019. Revenue is expected to grow at a nominal rate through 2026 to reach $140.6 billion.
Demand for HVAC products because of climate change and the need for clean air in buildings is fueling market growth. Environmentally friendly, energy-efficient systems that save money are in the spotlight. The COVID-19 pandemic has intensified the focus on buildings' ventilation systems and their role in reducing the risk of airborne virus transmission in workplaces and commercial establishments. Software-enabled services are in wide use to monitor usage trends and system performance, and perform predictive and preventive maintenance in order to reduce downtime and unexpected breakdowns.
COVID-19-related construction activity suspension, supply chain disruption, manufacturing facility shutdowns wreaked havoc on the industry; this is expected to affect market growth in short and medium terms. The high upfront cost for large installations also is proving to be a challenge. New business models that address the high capital expenditure barrier and support system operation and maintenance will be beneficial to the market.
Key Issues Addressed
What will affect market growth through 2026?
What factors influence market dynamics, including drivers and challenges?
How do various end-user industries and applications boost HVAC equipment revenue?
Who are the key market participants and what are their competitive strengths?
How do technological advancements enable market growth?
Key Topics Covered:
1. Executive Dashboard
Key Findings
2. Strategic Imperatives
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top Three Strategic Imperatives on the HVAC Equipment Market
Growth Opportunities Fuel the Growth Pipeline Engine
3. Growth Opportunity Analysis, HVAC Equipment Market
HVAC Equipment Market, Scope of Analysis
HVAC Equipment Market, Segmentation
Key Competitors in the HVAC Equipment Market
Key Growth Metrics in the HVAC Equipment Market
HVAC Equipment Market Distribution Channels
HVAC Equipment Market Distribution Channel Analysis
Growth Drivers in the HVAC Equipment Market
Growth Restraints in the HVAC Equipment Market
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Region
Revenue Forecast Analysis by Region
Revenue Forecast by Vertical Market
Revenue Forecast by Product Type
Revenue Forecast Analysis by Product Type
Pricing Trends and Forecast Analysis
Competitive Environment
Market Share Analysis
4. Growth Opportunity Analysis, HVAC Equipment Market, North America
Key Growth Metrics
Key Findings
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by Product Type
Revenue Forecast Analysis by Product Type
Revenue Forecast by Vertical Market
Revenue Forecast Analysis by Vertical Market
5. Growth Opportunity Analysis, HVAC Equipment Market, Europe
6. Growth Opportunity Analysis, HVAC Equipment Market, Asia-Pacific
7. Growth Opportunity Analysis, HVAC Equipment Market, Rest of the World
8. Growth Opportunities
Growth Opportunity 1: Sustainability in the HVAC Equipment Market
Growth Opportunity 2: Optimizing HVAC Equipment for Demand Response Programs
Growth Opportunity 3: HVACaaS
9. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/9x1e6j
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