IGR Heating, Ventilation and Air Conditioning Systems | Page 2

A latest report has been added to the wide database of Heating, Ventilation and Air Conditioning Systems Market by Infinium Global
Research. This report studies the Heating, Ventilation and Air Conditioning Systems Market by application (automotive, commercial,
industrial and residential), equipment type (heating, ventilation, cooling), implementation type (new construction, and retrofit
building) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is
to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Heating,
Ventilation and Air Conditioning Systems Market provides opportunities in micro markets for stakeholders to invest along with the
detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the Heating, Ventilation and
Air Conditioning Systems Market. Global HVAC systems market size is expected to exceed USD X.xx billion by 2023, growing at a CAGR
between 5.5% and 5.9% over the period of 2017 – 2023.
Heating, ventilation and air conditioning systems are mechanical systems which impart thermal comfort as well as quality air in a
particular indoor space. HVAC systems control the environmental conditions in the working space by cooling or cooling. HVAC systems
filter air, controls moisture and temperature as per predetermined requirements.HVAC systems remove airborne contaminants,
improve the odor and infuse fresh air into the space. Boilers, centralized air conditioners, chillers, coolers, cooling towers, furnaces,
heat pumps, packaged systems, rooftop units, unitary air-conditioners and unitary heaters are some of the major HVAC systems used
for commercial, residential, and industrial purposes. Forced air and radiant are two major types of heating systems with furnace or
heat pump as sources for heat. Ventilation is a process by which outdoor air is brought into the building and circulated and exhausted
to the atmosphere by natural or mechanical means. Meanwhile, air conditioner dehumidifies and cools the air while it passes through
cold coil surfaces. Heat exchangers are now widely used as part of HVAC systems for heat recovery and thereby improving the energy
efficiency, with significant reduction in energy consumption. Modern HVAC systems include software systems for scheduling, setting
predetermined conditions, managing and monitoring the functioning of the equipment.
Global warming induced change in climate in various regions drive the demand for HVAC systems, as the extreme weather conditions
affect the human comfort and productivity. Technological advancements are anticipated to drive the growth of the global HVAC
market, as new applications emerge in commercial, industrial and residential sectors. The preference for smart homes among
customers who look for energy efficient homes is expected to drive the growth of the HVAC systems during the forecast period. Tax
credit programs and regulations aimed at promoting energy efficient systems are expected to enhance the demand for HVAC systems.
Globally, increasing investments in the construction sector such as real estate and infrastructure is expected to generate demand for