Decentralized HVAC equipment is designed to achieve the environmental requirements of occupant comfort and a process. Decentralized HVAC equipment are majorly used in different types of buildings such as industrial, commercial, residential, and institutional buildings. The objective is to provide thermal comfort as well as adequate indoor air quality.
Decentralized HVAC equipment is stand-alone automated unit designed to provide heating and/or cooling to a specific room or zone inside a facility. The future of the decentralized HVAC equipment market appears promising with opportunities in the construction industries. Furthermore, the rise in customer inclination toward comfort fosters the growth of the decentralized HVAC market. Increase in disposable income, rapid rise in constructions activities in developing economies, and changes in climate conditions are the major drives of the market growth. Asia-Pacific is expected to grow gradually due to the increase in rate of urbanization, along with the growth in disposable income.
COVID-19 Impact Analysis
- COVID-19 pandemic has forced many companies including manufacturers and service providers halt the business operations to comply with new government rules and regulations. This halt in operations directly impacts the revenue flow of the market players.
- Moreover, research scientists are unable to rule out the possibility of spread of coronavirus.
- Consumers across the globe are confused whether HVAC air filtration systems protect them from COVID-19 exposure.
- Installation and servicing operations would be impeded as contact prevention norms reduce the number of orders that can be handled per day by HVAC companies.
Top Impacting Factors
Decentralized HVAC customer inclination toward comfort boosts the growth of the decentralized HVAC market. Furthermore, climate change is one of the prominent influencing factors increasing the adoption of heating and cooling equipment. Several customers consider HVAC equipment as a beneficial investment, due to unpredictable climatic conditions and rise in temperature. HVAC units also add to the aesthetic value of residential and commercial places. The demand for decentralized HVAC units is growing across sectors such as commercial, real estate, and service industries, due to the factors, such as need for comfort, increase in global warming, and rise in disposable income. Within the global decentralized HVAC equipment market, the residential segment is expected to remain the largest segment during the forecast period. Increase in penetration of air conditioners and significant developments in construction industries are the major driving factors that boost the growth of this segment during the forecast period.
Market Trends
- Decentralized HVAC employs inorganic growth strategies, such as mergers & acquisitions, partnerships, and geographical expansion, to sustain the market competition. The significant improvements in building and construction expenditure drive the growth of the market .
- Air conditioning equipment is expected to hold a prominent share of the decentralized HVAC equipment market, owing to the trend of an increase in number of residential and commercial users, along with government regulations for energy efficiency and eco-friendly equipment.
Key Benefits of the Report
- This study presents the analytical depiction of the decentralized HVAC equipment market along with the current trends and future estimations to determine the imminent investments pockets.
- The report presents information related to key drivers, restraints and opportunities along with detailed analysis of the decentralized HVAC equipment market.
- The current market is quantitatively analyzed to highlight the decentralized HVAC equipment market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed of the decentralized HVAC equipment market analysis based on competitive intensity and how the competition will take shape in coming years.
Decentralized HVAC Equipment Market Report Highlights
| Aspects | Details |
 By Business Type |
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 By End User Type |
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 By Region |
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 Key Market Players | Honeywell, Emerson, Samsung Electronics, Nortek, Schneider Electric, Carrier, Mitsubishi Electric, Hitachi, Lennox, Johnson Controls, Danfoss, Panasonic, Siemens, LG Electronics, Midea, Gree, Daikin, Haie, Electrolux, Fujitsu, Trane Technologies |
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