demand for up gradation or refurbishment of the old ones with energy efficient HVAC systems for
meeting new regulations and standards are expected to enhance the growth of the global HVAC
systems market. Cooling equipment segment dominate the global HVAC systems market, as there
is more demand for air-conditioning and other cooling applications. Condensing boilers segment
is anticipated to witness significant growth during the forecast period 2017-2023, as they are far
more energy efficient and cause less emissions.
Higher energy consumption by HVAC systems is a major restraint for the global HVAC market, as it
make unaffordable to many consumers. High emissions from boiler based HVAC systems is
another restraint for the global HVAC market, as stringent regulations are formulated for curbing
emissions and improving energy efficiency. The countries with extreme weather conditions are
expected to provide opportunities for major players in the market as consumers will need
solutions for air-conditioning and heating. Construction boom is anticipated to provide growth
opportunities for major players, especially in emerging economies. Eco-friendly and energy
efficient systems are anticipated to provide growth opportunities as it will help the companies to
meet the stringent regulations.
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Segments Covered
The report covers the analysis of global as well as regional markets of HVAC systems Market.
Moreover, the global HVAC systems market is segmented by application, by equipment type, by
implementation type and by software & service. The global HVAC systems market by application
covers automotive, commercial, industrial and residential. On the basis of equipment type, the
market is segmented as heating, ventilation and cooling. Based on implementation type, the