This article is based on providing strategists, marketers and senior management with critical information or knowledge they need to have, to assess the global ventilation, heating, air-conditioning, and commercial refrigeration equipment prevalent in the manufacturing sector. Data segmentation mentioned revolving around regional breakdowns, the market share of competitors, key sub-segments. The statistics taken are five-year forecasts.
List of the top global market leaders
- • United Technologies Corporation
- Daikin Industries
- Johnson Controls Inc.
- Ingersoll-Rand Plc
- Bosch Group
- Danfoss GmbH
- Lennox Industries Inc.
- Nortek Inc
The HVAC equipment manufacturing industry
It includes companies offering manufacturing, ventilating, heating, industrial air conditioner and devices, and commercial and industrial refrigeration, and freezer equipment and the HVAC system consist of interconnected mechanical systems that provide thermal comfort and air quality in an indoor facility.
Western Europe is the most significant region in the ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing market, and in 2017, it accounts for around 36% market share. The Asia Pacific was the second largest region accounting for about 32% market share. South America was the smallest region accounting for approximately 2% market share.
The Automobile Air-Conditioner Industry and System
The automobile air-conditioner system is a device for refrigerating, heating, ventilation and air purification. It can provide comfortable environments for occupants reduce fatigue strength of drivers and enhance driving safety. However, An air-conditioner device has been perceived as one of the standards to measure automobile performances, and the market for both is a rapidly increasing one with China being the world’s largest producer and distributor of automobiles for nine years from 2009 to 2017.
How Technology Is Reshaping The HVAC Industry
The HVAC companies are increasingly integrating IoT technology with HVAC equipment due to growing demand for real-time insights from HVAC equipment. The logic or intention behind this is that the inter-networking of physical devices embedded with software, sensors and network connectivity is enabled, making it easier to collect and exchange data, closely monitoring HVAC systems and controlling them from even remote locations. In short, Best Air Purifiers For Home And Office.
What To Expect In future?
According to Emerson Climate Technologies, 33 percent of thermostats, a device that automatically regulates temperature sold in 2014 were Wi-Fi-enabled, and it is expected to become 75% by 2019.