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The industrial HVAC market is forecast to grow by USD 7.00 billion during 2023-2028, accelerating at a CAGR of 8.63% during the forecast period. The report on the industrial HVAC market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for energy-efficient HVAC systems, growing adoption of cleanrooms across industries, and stringent regulations for use of explosion-proof HVAC equipment in hazardous environments.
The industrial HVAC market is segmented as below:
By End-user
- Process industry
- Discrete industry
By Type
- HVAC equipment
- HVAC services
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the growing adoption of advance refrigerants in air conditioners as one of the prime reasons driving the industrial HVAC market growth during the next few years. Also, increased focus on predictive maintenance and increasing use of renewable energy sources for HVAC systems will lead to sizable demand in the market.
The report on the industrial HVAC market covers the following areas:
- Industrial HVAC market sizing
- Industrial HVAC market forecast
- Industrial HVAC market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial HVAC market vendors that include Alfa Laval AB, Carrier Global Corp., Daikin Industries Ltd., Emerson Electric Co., Furukawa Electric Co. Ltd., Hitachi Ltd., Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International Plc., Lennox International Inc., LG Electronics Inc., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Shield Air Solutions Inc., Specific Systems LLC, Stryker Corp., and WHESCO Group Inc. Also, the industrial hvac market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
Executive Summary
The following companies are recognized as the key players in the global industrial HVAC market: Alfa Laval AB, Carrier Global Corp., Daikin Industries Ltd., Emerson Electric Co., Furukawa Electric Co. Ltd., Hitachi Ltd., Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International Plc., Lennox International Inc., LG Electronics Inc., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Shield Air Solutions Inc., Specific Systems LLC, Stryker Corp., and WHESCO Group Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing adoption of advance refrigerants in air conditioners."
According to the report, one of the major drivers for this market is the increasing demand for energy-efficient HVAC systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alfa Laval AB
- Carrier Global Corp.
- Daikin Industries Ltd.
- Emerson Electric Co.
- Furukawa Electric Co. Ltd.
- Hitachi Ltd.
- Honeywell International Inc.
- Ingersoll Rand Inc.
- Johnson Controls International Plc.
- Lennox International Inc.
- LG Electronics Inc.
- MIDEA Group Co. Ltd.
- Mitsubishi Electric Corp.
- Panasonic Holdings Corp.
- Robert Bosch GmbH
- Samsung Electronics Co. Ltd.
- Shield Air Solutions Inc.
- Specific Systems LLC
- Stryker Corp.
- WHESCO Group Inc.
