The HVAC And Commercial And Industrial Refrigeration Equipment Global Market Report 2023 by The Business Research Company, provides HVAC and commercial and industrial refrigeration equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s HVAC And Commercial And Industrial Refrigeration Equipment Global Market Report 2023, the global hvac and commercial and industrial refrigeration equipment market size grew from $441.46 billion in 2022 to $467.36 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global hvac and commercial and industrial refrigeration equipment is expected to grow to $568.62 billion in 2027 at a CAGR of 5.0%.
The HVAC and commercial and industrial refrigeration equipment market growth is aided by stable economic growth forecasted in many developed and developing countries.
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The HVAC and commercial and industrial refrigeration equipment market is segmented:
1) By Type: HVAC Equipment, Commercial And Industrial Refrigeration Equipment
2) By Capacity: Small, Medium, Large
3) By Application: Food Processing, Beverage Production, Chemicals and Pharmaceuticals, Petrochemicals, Energy, Logistics
Subsegments Covered: Air-Conditioning Equipment, Warm Air Heating Equipment, Commercial Refrigeration Equipment, Industrial Refrigeration Equipment
Geothermal heating and cooling technology are becoming popular because of the surge in demand for energy-efficient HVAC systems. Geothermal HVAC absorbs heat from the facility and transfers it underground and it uses cool water from the ground to create cool air conditioning in the facility. It consists of an indoor handling unit and a system of pipes underground which requires very low maintenance and lasts longer than traditional HVAC systems. Geothermal heating and cooling systems are now installed in about 50,000 US houses each year, according to the US Department of Energy.
The HVAC and commercial and industrial refrigeration equipment market report table of contents includes:
1. Executive Summary
2. Report Structure
3. HVAC And Commercial And Industrial Refrigeration Equipment Market Characteristics
4. HVAC And Commercial And Industrial Refrigeration Equipment Market Product Analysis
5. Leading Products/ Services
……………………………………
21. HVAC And Commercial And Industrial Refrigeration Equipment Market Competitive Landscape
22. Key Mergers And Acquisitions In The HVAC And Commercial And Industrial Refrigeration Equipment Market
23. Market Background: Ventilation, Heating, Air-Conditioning, And Commercial Refrigeration Equipment Manufacturing Market
24. Recommendations
25. Appendix
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