Global Industrial Heating, Ventilation, and Air Conditioning Market to Exhibit 4.12% CAGR 2016-2020


Published Date : May 30, 2016

Albany, NY, May 30, 2016: MarketResearchReports.biz has announced the addition of a new report to its online market intelligence repository. The report describes the global industrial heating, ventilation, and air conditioning (HVAC) market’s expected growth trajectory from 2016 to 2020. All factors influencing the market are analyzed in the report to provide a qualitative and quantitative review of their expected impact on the market’s development in the aforementioned forecast period. The report is titled ‘Global Industrial Heating, Ventilation, And Air Conditioning Market 2016-2020’ and is available for sale on the official website of MarketResearchReports.biz.

According to the report, the global industrial heating, ventilation, and air conditioning market is expected to exhibit a steady 4.12% CAGR in the forecast period from 2016 to 2020.

The report attributes the projected growth of the market to driving factors such as the rising demand from the global milk industry, the booming brewery industry in APAC, and the expanding Chinese nuclear power sector.

Industrial heating, ventilation, and air conditioning services are required to maintain the ideal temperature in industrial setups. Besides temperature, HVAC systems also take care of factors such as humidity and microbial content, which can be harmful to the end product being produced in the facility. This makes comprehensive heating, ventilation, and air conditioning systems more valuable than devices focusing on just one of the three. HVAC systems comprise various types of equipment, such as heat exchangers, fans, and pumps.

The rising demand from the food and beverage industry, particularly the dairy and brewery industries, is a prime driver for the global industrial HVAC market. Since most dairy products are highly perishable, maintaining proper cleanliness and the optimum temperature in dairy processing units is imperative. Apart from the food and beverage industry, other major end users of industrial HVAC equipment are the manufacturing industry, the pharmaceutical industry, and the biotechnology industry.

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The importance of HVAC systems has led to the rising usage of advanced technologies to monitor the process. Smart systems are also being introduced in the global market to make the most of this market opportunity. This is a major opportunity for players operating in the global heating, ventilation, and air conditioning market. Another opportunity to prosper in the global industrial heating, ventilation, and air conditioning market in the coming years is to supply personalized and efficient maintenance services.

Regionally, the global heating, ventilation, and air conditioning market has been segmented into APAC, the Americas, and Europe, the Middle East, and Africa. The report provides information about the market’s performance in each region to help readers get an idea of the regional dynamics of the global market.

The report also describes the competitive dynamics of the global industrial heating, ventilation, and air conditioning market by profiling key players such as Carrier, Johnson Controls, Ingersoll-Rand, LG Electronics, and Daikin Industries.

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