23 Feb 2021
Heating, ventilation and air conditioning (HVAC) system is designed to realize the environmental desires of the comfort of inhabitants and a process. Heating ventilation and air conditioning are further used in different types of buildings such as industrial, commercial, residential and institutional buildings. It has become the required industry standard for construction of new buildings. These are milestones of building mechanical systems that provide thermal comfort for occupants accompanied with indoor air quality. Heating ventilation and air conditioning are often classified into central and local systems according to multiple zones, location and distribution. The main work of HVAC system is to satisfy the thermal comfort of occupants by adjusting and changing the outdoor air conditions to the specified conditions of occupied buildings. Upgrading the home to the latest heating and air conditioning units can save the money, improve the comfort of home, and pay for them if user ever decides to sell.
Increasing urbanization, the emergence of energy-efficient heating ventilation and air conditioning and growing demand for safe and secure power supply are some of the major factors driving the growth of Global Heating Ventilation and Air Conditioning Market.
Heating Ventilation and Air Conditioning Market is valued at USD 250.62 Billion in 2020 and expected to reach USD 347.97 Billion by 2027 with the CAGR of 4.80% over the forecast period.
Top Heating Ventilation and Air Conditioning Companies in Global Market 2021
Daikin Industries, Ltd. is a Japanese multinational air conditioning manufacturing Company Established in 1924 and headquartered at Marunouchi, Tokyo, Tokyo, Japan. Specialties in Air Conditioning and Refrigeration, Fluorochemicals, Oil Hydraulics, Deffense Systems, Electronics Business, and Filter Products. Daikin Industries had nearly 76484 employees and had a revenue of $ 20 Billion
Ingersoll Rand established in 1859 and headquartered at Davidson, North Carolina, 28036, United States. Specialties in Efficiency, Engineering , Compressed Air, Vacuum Pumps, Flow Control Technology, Energy, Medical, Blowers, sustainability, Industrial technologies, Power Tools, and Utility Vehicles. Ingersoll Rand had nearly 16000 Employees and revenue of $ 6 Billion.
Johnson Controls International plc is an American Irish-domiciled multinational conglomerate established in 1885 and headquartered at Glendale, Wisconsin, 53209, United States. Specialties in Engineering, Manufacturing Operations, Sales, Building Automation, Fire & Hazard Protection, Industrial Refrigeration, HVAC, Security, and Sustainability. Johnson Controls had nearly 105,000 Employees and had a revenue of $31 Billion.
LG Electronics Inc. is a South Korean multinational electronics company established in 1958 and headquartered at Seoul, South Korea. Specialties in Consumer Electronics, Home Appliances, Air Conditioning, Home Entertainment, Mobile Communications, Solar, Display Technology, and B2B Products. LG Electronics had nearly 72,000 Employees and had revenue of $55 Billion.
Panasonic Corporation, formerly known as the Matsushita Electric Industrial Co established in 1918 and headquartered at Oaza Kadoma, Kadoma, Osaka, Japan. Specialties in Home Appliances, Business Solutions, Automotive, Industrial Equipment, Housing, Manufacturing, and Engineering. Panasonic Corporation had nearly 259,385 Employees and had revenue of $71 Billion.
Key Benefits for Global Heating Ventilation and Air Conditioning Market Report–
Global Heating Ventilation and Air Conditioning analysis market report covers in depth historical and forecast analysis.
Global Heating Ventilation and Air Conditioning market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Heating Ventilation and Air Conditioning Industry report helps to identify opportunities in market place.
Global Heating Ventilation and Air Conditioning Industry statistics report covers extensive analysis of emerging trends and competitive landscape.