The Key Players in Global Commercial HVAC Market 2016-2020

Thursday 25 February 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the Global Commercial HVAC Market: Carrier, Daikin Industries, Ingersoll-Rand, Johnson Controls, and LG.

Other Prominent Vendors in the market are: AB Electrolux, Bosch Thermotechnik, Fujitsu, GD Midea, Gree Electric Appliances, Haier, Hitachi, Lennox International, Nortek, Paloma Industries, Samsung, Siemens, and Vaillant Group.

Commenting on the report, an analyst said: “Advances in building automation systems (BAS) and highly efficient maintenance and support services for HVAC systems will have a positive impact on the market during the forecast period. Building automation systems (BAS) control and monitor HVAC and other facilities of a building. These systems are improved by embedding with computing and digital communication tools that allow them to enhance energy efficiency. The number of integrated BAS installations has increased due to rise in the number of construction projects and building retrofits”

According to the report, increase in construction activities worldwide, especially in developing countries such as India and China, will propel growth of the global commercial HVAC market. New constructions in the commercial sector have increased the demand for HVAC systems to improve building efficiencies, thus generating high market revenue.

Further, the report states that the commercial HVAC market is highly competitive due to the presence of many regional and international vendors. The low-cost HVAC systems offered by regional vendors negatively impact the market share of international players.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.