Top HVAC Equipment Companies Worldwide 2024

Heating, ventilation, air conditioning or HVAC equipment refers to specialized systems that offer environmental comfort to occupants and allow appropriate air quantity in homes and vehicles. They can be categorized into central and decentralized types. HVAC equipment help to improve the air quality of an enclosed space by introducing conditioned air. They even aid in replenishing oxygen and removing moisture, smoke, bacteria, dust, and unwanted pollutants. HVAC equipment are even extremely environment-friendly, save construction space, lower installation time and cost, and minimizes power usage. Consequently, they find extensive applications in residential, commercial, and industrial establishments across the globe.

The global HVAC equipment market size reached US$ 221.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 343.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/hvac-equipment-market/requestsample

HVAC Equipment Industry Driving Factors and Future Demand Analysis:

The increasing construction of residential buildings, on account of the growing global population, is among the key factors driving the HVAC equipment companies. Additionally, the expanding travel and tourism industry and the elevating number of hotels, restaurants, shopping malls, movie theaters, etc., that are installing HVAC equipment to maintain a consistent temperature and offer a pleasant ambiance to the visitors are acting as significant growth-inducing factors.

Furthermore, the introduction of technologically advanced and energy-efficient product variants by leading market players to counter the higher energy consumption and air conditioning loads of buildings caused by the changes in climate and rising temperature is also positively influencing the global market. Apart from this, the escalating focus of numerous manufacturers on retaining their market position through partnership, acquisition, and business expansion activities and the launch of several favorable initiatives by government bodies aimed at encouraging individuals to use energy-efficient HVAC devices in their homes and workplaces are further propelling the market growth. Moreover, the inflating expenditure on sustainable building development and new power plant construction is expected to stimulate the HVAC equipment companies in the coming years.

𝐓𝐨𝐩 𝟏3 HVAC Equipment 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 the World 𝟐𝟎𝟐4:

1. Carrier Global Corporation

2. Daikin Industries Ltd.

3. Danfoss AS

4. Emerson Electric Co.

5. Honeywell International Inc.

6. Johnson Controls International

7. Lennox International Inc.

8. LG Electronics Inc.

9. Mitsubishi Electric Corporation

10. Panasonic Holdings Corporation

11. Samsung Electronics Co. Ltd.

12. Trane Technologies plc

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐁𝐥𝐨𝐠 𝐟𝐨𝐫 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐀𝐛𝐨𝐮𝐭 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐚𝐧𝐝 𝐃𝐚𝐭𝐚: https://www.imarcgroup.com/top-hvac-equipment-companies

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

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