NEW YORK, Nov. 10, 2014 /PRNewswire/ -- REPORT HIGHLIGHTS
BCC Research estimates the total global market for commercial and residential HVAC (heating, ventilation, and air conditioning) systems at $69.8 billion in 2013 and $75.4 billion in 2014. This market is expected to reach $116.6 billion by 2019, registering a compound annual growth rate (CAGR) of 9.1% over the next five years.
This report provides:
An overview of the global market for heating, ventilation, and air conditioning (HVAC), the technology of indoor residential, commercial, and industrial environmental comfort.
Analyses of global market trends, with data from 2013, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019.
Examination of factors influencing demand, including the development of energy saving and tighter energy-efficiency regulation, the convergence of all home equipment on a single home management platform through the Internet, and the development of efficient technologies such as heat pump.
Discussion of market drivers, such as demographic trends, economic growth, improved living standards, the state of the construction market, the push for "green" building, and the smart grid infrastructure.
Comprehensive company profiles of major vendors.
SCOPE OF REPORT
The study covers the major segments of the HVAC market, which are defined as:
The study addresses the major enabling technologies for the various types of home automation products, such as:
Network and connectivity.
The study format includes the following major elements:
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