$24.37 Billion Growth Opportunity in Energy Efficient HVAC Market | Driven by demand for reduced energy consumption and operating costs

NEW YORK, April 20, 2022 /PRNewswire/ — The Global energy efficient HVAC systems market size should increase by $24.37 billion between 2021 and 2026, expanding at a CAGR of 11.02% during the forecast period. Technavio segments the global market for energy efficient HVAC systems by product (air conditioning, heating and ventilation) and by geography (APAC, North America, Europe, South Americaand Middle East and Africa). The comprehensive report provides a comprehensive analysis of recent developments, new product launches, major revenue-driving segments, and market behavior across all geographies.

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The global market for energy efficient HVAC systems is fragmented. The market is characterized by the presence of well-established international and regional suppliers. Many regional energy-efficient HVAC system vendors offer customized HVAC solutions at a lower price than many global HVAC system companies, which increases competition in the market. The competitive environment in the global energy efficient HVAC systems market is expected to change significantly over the forecast period owing to ongoing strategic M&A activities, product innovations and development of high efficiency HVAC systems.

Daikin Industries Ltd., Emerson Electric Co., Gree Electric Appliances Inc. of Zhuhai, Hitachi Ltd., Ingersoll Rand Inc., Johnson Controls International Plc, Lennox International Inc., LG Electronics Inc., LIXIL Corp., Mitsubishi Electric Corp. , Nortek Inc., Paloma Co. Ltd., Panasonic Corp., Raytheon Technologies Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Siemens AG, The Climate Control Group Inc., Trane Technologies plc and WaterFurnace International Inc. are some of the key market players identified by Technavio.

Although the demand for reduced energy consumption and operating costs will provide immense opportunities for growth, the higher initial cost of energy efficient HVAC systems will challenge the growth of market players. To make the most of the opportunities, sellers in the market should focus more on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Energy Efficient HVAC Systems Market 2022-2026: Segmentation Analysis

The Energy Efficient HVAC Systems Market is segmented as follows:

By product, the air conditioning segment generated maximum revenue in the market in 2021. Increased use of air conditioners in residential and commercial spaces is driving the growth of the segment. Market growth in the segment will be significant over the forecast period.

By geography, APAC will have the largest market share. The region currently holds 40% of the global market share. Factors such as rapid population growth, extreme climatic conditions, increasing urbanization, and expanding middle-income population are driving the growth of the regional market. China, Japanand India are the top markets for energy efficient HVAC systems in APAC. Market growth in this region will be faster than market growth in other regions.

Technavio presents a detailed picture of the market through study, synthesis and summation of data from multiple sources. Our Energy Efficient HVAC Systems Market Report Covers the Following Areas:

Energy Efficient HVAC Systems Market 2022-2026: Vendor Analysis

We provide a detailed analysis of about 25 vendors operating in the energy efficient HVAC systems market. Drawing on competitive insights and benchmarking, our Energy Efficient HVAC Systems Market research report is designed to provide entry-level support, customer profile and mergers & acquisitions as well as go-to-market strategic support. the market.

Energy Efficient HVAC Systems Market 2022-2026: Key Highlights

• Market CAGR over the forecast period 2022-2026

• In-depth information on factors that will contribute to the growth of the Energy Efficient HVAC Systems Market over the next five years

• Estimation of the energy efficient HVAC systems market size and its contribution to the parent market

• Predictions on upcoming trends and changes in consumer behavior

• The growth of the energy efficient HVAC systems market

• Market Competitive Landscape Analysis and Detailed Vendor Information

• Comprehensive details of factors that will challenge the growth of the Energy Efficient HVAC Systems Market vendors

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Contents :

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Product

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

11 Appendix

• in manufacturing: market dynamics in some large process and discrete industries are changing dramatically, and manufacturers are gradually feeling the brunt of excessive fluctuations in demand. The fluctuating prices of oil, gas and metals on the world market and the shortage of skilled labor in the world have directly affected the profitability of manufacturing companies. A sudden and unexpected change in market dynamics can have a huge impact on manufacturing processes and investments in capital goods.

• slowdown in the automotive industry: High motorization rates North America and Europethe increase in customs duties on vehicles imported into the United States and China, and the global economic slowdown are expected to reduce vehicle sales in the coming years. Anticipating a drop in vehicle sales, several car manufacturers are stopping their vehicle production. For example, in March 2019Ford announced the closure of its three vehicle manufacturing sites in Russia. Likewise, in August 2019Mahindra and Mahindra Ltd. stopped the production of vehicles in its manufacturing units of India for 8 to 14 days. During the same month, Maruti-Suzuki announced that it had reduced vehicle production for the sixth consecutive month in 2019. August 2019Honda announced the end of automobile production at its Argentinamanufacturing plants. Such a downturn in the automotive industry is expected to hamper the market growth over the forecast period.

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Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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