HVAC Market | Market size, Market Forecast, Market Share, Industry outlook, Analysis
The market size of HVAC is growing at a CAGR of 2.83% during the forecasted period of 2019 to 2025
By: Valuates Reports
Heating, ventilation, and air conditioning (HVAC) is the technology of indoor and vehicular environmental comfort. Its goal is to provide thermal comfort and acceptable indoor air quality. HVAC system design is a subdiscipline of mechanical engineering, based on the principles of thermodynamics, fluid mechanics and heat transfer.
The two main systems that are applicable for heating purposes: furnace-based and boiler-based systems. Furnace-based technology is prominent in the North American and APAC markets, whereas boiler-based systems dominate the European market.
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The major advantage of boiler-based systems is the that they are based on radiant or convection heat, which provides steady heat with good temperature consistency. Moreover, advanced controls in terms of technology, easy maintenance and longer durability of the condensing boilers are other advantages that are expected to propel growth in the Global HVAC market during the forecast period.
While in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In HVAC Market report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for HVAC.
HVAC Market report studies the global market size of HVAC, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
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HVAC Market study presents the HVAC production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
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