Infinium Global Research HVAC System Market Global Industry Analysis, Trend | Page 11

The global HVAC systems market covers the analysis of geographies such as North America,
Europe, Asia-Pacific and RoW. In this section, the key trends and market size for each region
is provided over the period of 2017 – 2023.
Among geographies, North America is the largest HVAC systems market, followed by
Europe. Asia-Pacific is anticipated to become the fastest growing and largest HVAC systems
market during the forecast period. The emergence of adoption of new technologies, new
regulations that stipulate adoption of energy efficient HVAC systems and need for
refurbishing or upgrading the existing HVAC systems are the major factors that drive the
growth of the North American HVAC systems market. The incentive programs for replacing
old HVAC systems in countries such as France, Germany and UK are driving the growth of
the European HVAC systems market. Presence of huge population, changing lifestyles,
favorable government regulations and programs that promote adoption of HVAC systems,
varying weather conditions related to global warming , boom in construction activities in
the region and increasing demand from countries such as China, India and Japan drive the
growth of the Asia-Pacific HVAC systems market.
Market Overview & Competitiveness
DRO Analysis
DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying
the factors that are likely to have impact on the global HVAC Systemmarket. It covers
analysis of short term and long term impact of drivers and restraints. Through this analysis
both short term and long term opportunities are identified. These opportunities present
the investment options and new markets for the market players in the HVAC
Systemmarket.
Drivers refer to the factors that are expected to drive or boost the market size or demand
for HVAC System. The analysis involves identification of both demand side and supply side
factors that drive the demand as well as environmental factor that favor the market
conditions for growth of HVAC Systemmarket both in short run and long run.
DRIVERS OF HVAC SYSTEM MARKET, IMPACT ANALYSIS
© Infinium Global Research
Page 11