Infinium Global Research HVAC System Market Global Industry Analysis, Trend | Página 8

estimates are provided in terms of revenue in USD million.Furthermore, the research
covers the analysis of the various segments in the global HVAC system market. The
estimates in the global HVAC system market are based on both bottom-up and top-down
approaches. In the bottom-up approach the revenues of the key players are determined
and added to arrive at country or regional markets size. The country market sizes added to
arrive at the regional market size. Further, the market size of the regions is added to arrive
at the global market size of HVAC system market.
In the top-down approach the global market size is estimated based on the secondary
research and historic data. Using this approach the regional market size is obtained by
splitting the global number by percentage share of each region such as North America,
Europe, Asia-Pacific and RoW. The regional market was then divided as per the market
share of the applications automotive, commercial, industrial and residential.
Global HVAC SystemMarket Highlights, (USD Million)
The global HVAC system market is expected to grow at a CAGR of 5.8 % between 2017 and
2023 in terms of valueGlobal 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 programmes 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 HVAC systems, as the buildings require modern energy efficient
solutions for heating, ventilation and air-conditioning. The stability in the automobile
industry is expected to drive the demand for HVAC systems, as customers prefer to have
air-conditioning or heating systems in their vehicles, depending upon the local weather
conditions. Increasing 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
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