NEW YORK, April 21, 2016 /PRNewswire/ -- Heating, Ventilating and Air-Conditioning Systems are a group of closely interrelated systems whose main function is to provide indoor comfort by maintaining good air quality. They are often referred to as HVAC. HVAC Systems are essential part of residential, commercial, industrial and automotive comfort as they play a critical role in the health, productivity and value of the occupant.
The revenue generated by HVAC Market in 2014 was reported to be $128.7 Billion growing at a CAGR of 7.6% through 2015 to 2020.
The HVAC Market for the report has been segmented by different equipment including heating, cooling, air ventilation equipment and general components. These segments are further classified based on the products of components to offer an extensive overview of the market. Heating Equipment consists of heat pumps, furnaces, boilers, space heaters; Cooling Equipment consists of air conditioners, chillers, cooling tower, evaporative coolers; Ventilating Equipment consists of air distribution and air treatment equipment.The applications for HVAC systems have been broadly classified into four key sections such as residential, commercial, industrial and automotive segments.
The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2014 are provided.
The prominent players profiled in this report are:
United Technologies Corp. (Carrier)
Ingersoll-Rand PLC (Trane)
Daikin Industries Ltd
Haier Group Co.,
LG Electronics Incorporated
Johnson Controls Incorporated amongst others.
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