Heating, Ventilation, And Air Conditioning (HVAC) Services include installation, replacement, maintenance, and repair services. HVAC systems are meant to give comfortable air conditions in residential or commercial set-ups and provide thermal balance. The basic function of HVAC equipment is to perform heating and cooling functions and ventilation of air.
The increasing energy efficiency of HVAC systems will drive the growth prospects for the global HVAC air filter market until the end of 2020. One of the major factors responsible for the large amount of greenhouse gas (GHG) emissions worldwide is the high percentage of electricity consumed by residential and commercial buildings. For instance, in the US, residential and commercial buildings consume approximately 70% of the overall electricity and generate 40% greenhouse gas emissions. It has been observed that about one-third of the energy consumed by commercial buildings is utilized for ventilation and space heating or cooling applications of HVAC systems. As a result, the trend of lowering energy consumption has been gaining traction among end-users. To reduce a motor’s energy consumption, the fan motor in HVAC systems has to overcome resistance to deliver the required air flow. This compels the manufacturers to focus on the development of air filters that offer lower resistance to air flow.
Market Analysis and Insights: Global Heating, Ventilation and Air Conditioning (HVAC) Systems Market
The global Heating, Ventilation and Air Conditioning (HVAC) Systems market was valued at US$ 101070 million in 2019 and it is expected to reach US$ 117990 million by the end of 2026, growing at a CAGR of 2.2% during 2021-2026.
Global Heating, Ventilation and Air Conditioning (HVAC) Systems Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Heating, Ventilation and Air Conditioning (HVAC) Systems Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Heating Equipment
Ventilation Equipment
Cooling Type
Implementation Type
Segment by Application
Residential
Non-Residential
By Company
Camfil
CLARCOR
Daikin Industries
3M
Donaldson
Grainger
Tex-Air Filters
Lennox
Airsan
MANN+HUMMEL
Universal Air Filter
Carrier
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
The increasing energy efficiency of HVAC systems will drive the growth prospects for the global HVAC air filter market until the end of 2020. One of the major factors responsible for the large amount of greenhouse gas (GHG) emissions worldwide is the high percentage of electricity consumed by residential and commercial buildings. For instance, in the US, residential and commercial buildings consume approximately 70% of the overall electricity and generate 40% greenhouse gas emissions. It has been observed that about one-third of the energy consumed by commercial buildings is utilized for ventilation and space heating or cooling applications of HVAC systems. As a result, the trend of lowering energy consumption has been gaining traction among end-users. To reduce a motor’s energy consumption, the fan motor in HVAC systems has to overcome resistance to deliver the required air flow. This compels the manufacturers to focus on the development of air filters that offer lower resistance to air flow.
Market Analysis and Insights: Global Heating, Ventilation and Air Conditioning (HVAC) Systems Market
The global Heating, Ventilation and Air Conditioning (HVAC) Systems market was valued at US$ 101070 million in 2019 and it is expected to reach US$ 117990 million by the end of 2026, growing at a CAGR of 2.2% during 2021-2026.
Global Heating, Ventilation and Air Conditioning (HVAC) Systems Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Heating, Ventilation and Air Conditioning (HVAC) Systems Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Heating Equipment
Ventilation Equipment
Cooling Type
Implementation Type
Segment by Application
Residential
Non-Residential
By Company
Camfil
CLARCOR
Daikin Industries
3M
Donaldson
Grainger
Tex-Air Filters
Lennox
Airsan
MANN+HUMMEL
Universal Air Filter
Carrier
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.