Report Code: A14669 | Pages: NA | Mar 2023 | 1431 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Decentralized Hvac Equipment Market
Request Now !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
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
Key Benefits of the Report
Decentralized HVAC Equipment Market Report Highlights
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Key Market Players | Gree, Daikin, Midea, Johnson Controls, Carrier, Trane Technologies, Haie, Panasonic, Lennox, LG Electronics, Emerson, Mitsubishi Electric, Siemens, Hitachi, Fujitsu, Danfoss, Electrolux, Honeywell, Nortek, Samsung Electronics, Schneider Electric |
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