The ventilation, heating, air-conditioning, and commercial
refrigeration equipment (HVAC) manufacturing industry include companies
offering manufacturing ventilating, heating, air-conditioning, and commercial
and industrial refrigeration and freezer equipment. HVAC system consist of
interconnected mechanical systems that provide thermal comfort and air quality
in an indoor facility.
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The global ventilation, heating, air-conditioning, and
commercial refrigeration equipment manufacturing market has shown negative
growth in the past years with a CAGR of negative 0.2%.
The year 2017 recorded
highest ever growth in this market with a net value of about $300 billion as
per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims.
The report also shows the ventilation, heating,
air-conditioning, and commercial refrigeration equipment manufacturing market to grow at a higher CAGR by
2021 as compared to 2017, along with geographies best suited for investments
with highest return rate.
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The USA was the largest country in the ventilation, heating,
air-conditioning, and commercial refrigeration equipment manufacturing market
in 2017, accounting for about 15.6% market share. This can be attributed to
high demand for ventilation, heating, air-conditioning, and commercial
refrigeration equipment by US based manufacturers, hotels, restaurants, and
large office spaces in the region.
Companies included in the report are United Technologies
Corporation, Daikin Industries Ltd, Johnson Controls, Inc, INGERSOLL-RAND PLC, and
Bosch Group.
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