Market Overview

Global Industrial HVAC Market 2018-2022 | Growth Analysis and Forecast | Technavio


analysts forecast the global industrial HVAC market to grow at a CAGR of
around 5% during the forecast period, according to their latest
market research report.

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Technavio has published a new market research report on the global industrial HVAC market from 2018- ...

Technavio has published a new market research report on the global industrial HVAC market from 2018-2022. (Graphic: Business Wire)

The growing adoption of R32 refrigerant in air conditioners is one of
the major trends being witnessed in the global
industrial HVAC market 2018-2022
. The global industrial
HVAC market is moving toward the adoption of newer, advanced
refrigerants that have better efficiency and are more
environment-friendly than traditional refrigerants. All air conditioning
and refrigeration systems use some form of refrigerant to absorb the
heat from the air to cool.

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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global industrial HVAC market is the increasing demand
for energy-efficient HVAC systems:

Global industrial HVAC market: Increasing
demand for energy-efficient HVAC systems

The need for energy-efficient equipment for different industrial
processes has increased as end-user industries have been increasing
their production volume to cater to the growing demand. On an average,
almost 9% of the cost of production in most of the industries is spent
on electricity. However, in energy-intensive industries such as oil and
gas, the cost spent on electricity is almost 40%.

According to a senior analyst at Technavio for research on unit
operations, "The increasing consumption of electricity in
energy-intensive industries has propelled regulatory authorities to
encourage the adoption of energy-efficient equipment. Regulatory
authorities around the world have implemented many stringent guidelines
related to energy efficiency."

Global industrial HVAC market: Segmentation

The global industrial HVAC market research report provides market
segmentation by end-user (process industry and discrete industry), and
by region (the Americas, EMEA, and APAC). It provides an in-depth
analysis of the prominent factors influencing the market, including
drivers, opportunities, trends, and industry-specific challenges.

Of the two major end-users, the process industry segment held the
largest market share in 2017, contributing to around 68% of the market.
This end-user segment will dominate the global market throughout the
forecast period.

APAC held the largest share of the market in 2017, accounting for close
to 42% share. It was followed by EMEA and the Americas respectively. The
APAC region is anticipated to dominate the global market throughout the
forecast period.

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Technavio's sample reports are free of charge and contain multiple
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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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