Dublin, Dec. 16, 2020 (GLOBE NEWSWIRE) -- The "Global HVAC Equipment Market 2020 - Digital Transformation and IoT Propelling the Industry" report has been added to ResearchAndMarkets.com's offering.
The HVAC equipment market revenue at $102.5 billion in 2019. Revenue is expected to grow at a nominal rate through 2026 to reach $140.6 billion.
Demand for HVAC products because of climate change and the need for clean air in buildings is fueling market growth. Environmentally friendly, energy-efficient systems that save money are in the spotlight. The COVID-19 pandemic has intensified the focus on buildings' ventilation systems and their role in reducing the risk of airborne virus transmission in workplaces and commercial establishments. Software-enabled services are in wide use to monitor usage trends and system performance, and perform predictive and preventive maintenance in order to reduce downtime and unexpected breakdowns.
COVID-19-related construction activity suspension, supply chain disruption, manufacturing facility shutdowns wreaked havoc on the industry; this is expected to affect market growth in short and medium terms. The high upfront cost for large installations also is proving to be a challenge. New business models that address the high capital expenditure barrier and support system operation and maintenance will be beneficial to the market.
Key Issues Addressed
- What will affect market growth through 2026?
- What factors influence market dynamics, including drivers and challenges?
- How do various end-user industries and applications boost HVAC equipment revenue?
- Who are the key market participants and what are their competitive strengths?
- How do technological advancements enable market growth?
Key Topics Covered:
1. Executive Dashboard
- Key Findings
2. Strategic Imperatives
- Why Is It Increasingly Difficult to Grow?
- The Strategic Imperative
- The Impact of the Top Three Strategic Imperatives on the HVAC Equipment Market
- Growth Opportunities Fuel the Growth Pipeline Engine
3. Growth Opportunity Analysis, HVAC Equipment Market
- HVAC Equipment Market, Scope of Analysis
- HVAC Equipment Market, Segmentation
- Key Competitors in the HVAC Equipment Market
- Key Growth Metrics in the HVAC Equipment Market
- HVAC Equipment Market Distribution Channels
- HVAC Equipment Market Distribution Channel Analysis
- Growth Drivers in the HVAC Equipment Market
- Growth Restraints in the HVAC Equipment Market
- Revenue Forecast
- Revenue Forecast Analysis
- Revenue Forecast by Region
- Revenue Forecast Analysis by Region
- Revenue Forecast by Vertical Market
- Revenue Forecast by Product Type
- Revenue Forecast Analysis by Product Type
- Pricing Trends and Forecast Analysis
- Competitive Environment
- Market Share Analysis
4. Growth Opportunity Analysis, HVAC Equipment Market, North America
- Key Growth Metrics
- Key Findings
- Revenue Forecast
- Revenue Forecast Analysis
- Revenue Forecast by Product Type
- Revenue Forecast Analysis by Product Type
- Revenue Forecast by Vertical Market
- Revenue Forecast Analysis by Vertical Market
5. Growth Opportunity Analysis, HVAC Equipment Market, Europe
6. Growth Opportunity Analysis, HVAC Equipment Market, Asia-Pacific
7. Growth Opportunity Analysis, HVAC Equipment Market, Rest of the World
8. Growth Opportunities
- Growth Opportunity 1: Sustainability in the HVAC Equipment Market
- Growth Opportunity 2: Optimizing HVAC Equipment for Demand Response Programs
- Growth Opportunity 3: HVACaaS
9. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/9x1e6j
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