The global HVAC Systems market has witnessed a substantial growth in recent years. The growing demand for energy-efficient HVAC systems due to favourable government policies and regulations, rise in the trend of smart homes as well as growing construction activities are the key factors fuelling the growth of HVAC systems market. Apart from this, the government rebates, grants and tax credits is also major driver which is expected to gain traction in the market during the forecast period.
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Asia-Pacific is expected to grow at the highest CAGR in the global HVAC systems market during the forecast period. The rise in the disposable income of people, growing construction activities and government support pertaining to the usage of energy efficient product and services are the main factors which are propelling the growth of the market in the region.
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This research report on HVAC systems market provides in-depth analysis of the global HVAC systems market based on equipment type, application and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for HVAC systems market. The report also analyses the competitive landscape and the major player and their market share in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.
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The report also profiles the major companies active in this field, including Daikin Industries Ltd., Johnson Controls Inc., Ingersoll Rand PLC., United Technologies Corp., LG Electronics, Nortek Inc., Emerson Electronics Company, Honeywell International Inc., Electrolux AB, Mitsubishi Electric Corp.
Key questions this research would answer:
• Is the HVAC Systems market growing? How long will it continue to grow and at what rate?
• What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
• What are the regional revenue and forecast breakdowns? What are the regional hotspots for growth in the HVAC Systems market?
• What are the various application areas and how they are poised to grow?
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