Just Published: "HVAC Equipment Market In APAC 2015-2019"

From: Fast Market Research, Inc.
Published: Mon Aug 31 2015

Fast Market Research announces the availability of Technavio's new report "HVAC Equipment Market In APAC 2015-2019" on their comprehensive research portal.

Heating, ventilation, and air conditioning equipment, more commonly known as HVAC equipment, provides conditioned air inside a building, creating a comfortable and favorable environment. Conditioned air is clean and odor-free air with its temperature, humidity, and movement controlled within a certain comfort level.
The basic components of an HVAC system consist of:

* Fans to circulate the air
* Supply air ductwork
* Outside air device
* Return air ductwork
* Mixed air chamber
* Filter section
* Heat exchangers
* Auxiliary heating devices
* Compressors
* Condensers
* Pumps
* Central heating source
* Central cooling source
* Controls

HVAC systems are widely used in industries such as construction and infrastructure, health care, and data centers.

Technavio’s analysts forecast the HVAC equipment market in APAC to grow at a CAGR of 6.15% over the period 2014-2019.

Get More Details on this Report and a Full Table of Contents at HVAC Equipment Market In APAC 2015-2019

The report analyst commented, "The HVAC equipment market in APAC is shifting toward green technology and the use of smart solutions. With the advent of hybrid systems and non-polluting refrigerants such as HFC, HVAC vendors and end-users are shifting toward green technology. HVAC vendors are developing new heating and cooling equipment, which is compatible with the eco-friendly refrigerants such as R32. Therefore, companies are manufacturing HVAC systems that meet and exceed guidelines for ENERGY STAR ratings and Energy Guide labels to align themselves with green technology. Hence, many countries are taking the green initiative to promote clean energy."

According to the report, the demand for HVAC equipment is directly related to affordability. Income levels are increasing rapidly in APAC enabling people to afford expensive HVAC equipment. Developing countries such as China, India, Indonesia, and South Korea are enjoying an era of enormous economic development, coupled with rapid industrialization and urbanization. The exhibit below gives a pictorial representation of the increasing trend in the annual per capita disposable income levels of both urban and rural households.

Further, the report states that many residential users in developing countries in the region are finding it difficult to adopt domestic HVAC equipment such as ACs, household furnaces, and other HVAC equipment.

The key players in the HVAC Equipment Market in APAC are Carrier, Daikin Industries, Hitachi and LG Electronics while other prominent vendors include AB Electrolux, GD Midea, Gree Electric Appliances, Haier, Ingersoll Rand, Johnson Control, Lennox International, Nortek, Paloma Industries, Samsung and Siemens

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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