The word HVAC, as you may know from the air conditioning industry. HVAC stands for “Heating, Ventilation, and Air Conditioning” and means “heating, ventilation, and air conditioning.” In Japanese houses it has long been common to think that heating is heating equipment, cooling is cooling equipment, and ventilation is another ventilation fan. Therefore, there was not much need for words to call them together.
However, in the United States and Europe, the so-called central heating and forced air systems are the mainstream, and the system for heating, cooling, and ventilation as a whole has evolved. In Japan as well, hotels, hospitals, buildings and commercial facilities adopt this method. In recent years, comprehensive air conditioning systems have also been introduced for buildings in Japan. In addition, Japanese air conditioning manufacturers are expanding their overseas sales and handling air conditioning systems compatible with central heating. For these reasons, the term HVAC for cooling, heating, and ventilation has come to be used.
For more information: HVAC Companies In lahore
HVAC Air Conditioning Market Trends:
What is going on in the overseas HVAC air conditioning market? Let’s look at the future HVAC air conditioning market trends from market research by two companies.
- Transparency Market Research Market Research
- Transparency Market Research has released a market trend study, HVAC Equipment Market-Global Industry Analysis, Size, Share, Growth, Trends and Forecasts 2014-2022.
- The report estimates that the global HVAC market will grow at a CAGR of 6.20% between 2014 and 2022.
- The HVAC equipment market is expected to grow from $ 91.3 billion in 2013 to $ 15.1 billion in 2022, according to an article published by the company in January 2018.
This is due to the rush of construction rush in emerging countries, energy conservation efforts in various countries, and increased investment in smart houses. The introduction of building automation systems, the development of refrigerators to combat global warming, and the use of renewable energy for home heating may create new trends.
meanwhile, has published a research report on the global HVAC duct market.
The report breaks down the market into sheet metal ducts, flexible non-metallic ducts, and glass wool duct boards. The combined duct market is forecast to reach $ 4.61 billion by 2021. From 2017 to 2021, stable growth is expected with a CAGR of 5% or more. We forecast that demand trends will be affected by increasing awareness of energy conservation. In addition, demand for ducts with better heat insulation and heat insulation properties is expected to increase, and ducts that require less energy in the manufacturing process will be used more often.
Ongoing HVAC integration:
Leading companies are consolidating into the global HVAC market, which is expected to continue to grow. In 2015, Hitachi and Johnson Controls of the United States launched a merger, Johnson Controls Hitachi Air Conditioning. The sales will be 350 billion yen and the number of employees will be 14,000. Hitachi’s high-efficiency refrigeration technology and Johnson Controls’ HVAC technology will be combined to complement each other’s sales channels, and further market expansion is expected.
Toshiba is also working with US companies. In 2014, we will collaborate with United Technologies Inc. to deepen our strategic cooperation mainly in the commercial air conditioning business. Mitsubishi Electric has made Decima, a subsidiary of Italy, a subsidiary, and is working to strengthen large-scale commercial products, especially chillers that are in high demand in the European market. Together with Mitsubishi Electric’s main products, the company aims to become the number one HVAC manufacturer in Europe, covering everything from home use to business use.
Daikin Industries, Ltd., was the first to cultivate overseas markets to strengthen the overseas HVAC business. In 2006, we succeeded in acquiring OYL Industries, the world’s fourth largest air-conditioning business at that time. In 2012, we acquired Goodman, a leading company of air conditioners throughout the building.
Global HVAC market is expected to continue growing:
He explained the overseas HVAC and air duct markets. The global HVAC market is expected to continue to grow, as shown by market surveys by the two companies. At the same time, the competition for HVAC manufacturers, including Japanese majors, is expected to intensify.
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