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.
The leading players in the global HVAC System market include Daikin Industries Ltd, Electrolux AB, Johnson Controls Inc, Ingersoll-Rand Plc, LG Electronics., Lennox International, Mitsubishi Electric, Nortek Inc, Qingdao Haier Co. Ltd, and SAMSUNG ELECTRONICS, United Technologies Corporation, and Whirlpool Corporation.
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