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NEW YORK , May 5, 2022 /PRNewswire/ -- The "Commercial HVAC Market by Application (Equipment and Services) and Geography (APAC, North America , Europe , South America , and the Middle East and Africa ) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. 42% of the market's growth will originate from APAC during the forecast period. China , Japan , and India are the key markets for the commercial HVAC market in APAC. Market growth in this region will be faster than the growth of the market in other regions. An increase in infrastructure spending on commercial projects will facilitate the commercial HVAC market growth in APAC over the forecast period
The potential growth difference for the commercial HVAC market between 2021 and 2026 is USD 22.09 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
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The commercial HVAC market report is segmented by Application (Equipment and Services) and Geography (APAC, North America , Europe , South America , and the Middle East and Africa ).
The commercial HVAC market share growth by the equipment segment will be significant for revenue generation. HVAC equipment comprises heating equipment, ventilation equipment, and air conditioning equipment. The rise in construction activities, particularly in the Middle East and Asian economies, will propel the demand for HVAC systems in the regions. Builders of new modern commercial spaces are not only focusing on the design and architectural aspects but also on sustainable practices. This has led to the adoption of energy-saving systems such as HVAC units, LEDs, and renewable power generation sources in commercial spaces. Such an increasing adoption of HVAC equipment will drive the commercial HVAC market growth during the forecast period.
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The commercial HVAC market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Accelerate at a CAGR of 4.2%
Leading companies, competitive strategies, consumer engagement scope
Carrier Global Corp., Daikin Industries Ltd., Emerson Electric Co., Haier Smart Home Co. Ltd., Hitachi Ltd., Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International Plc, Lennox International Inc., LG Electronics Inc., Mitsubishi Electric Corp., Paloma Co. Ltd., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Siemens AG, The Climate Control Group Inc., WaterFurnace International Inc., Edison Heating and Cooling, and Farina Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
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