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Research Outline
Prepared for Nick S. | Delivered November 8, 2019
HVAC Home Equipment Market
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Goals
To understand the HVAC home equipment market and what's driving it, in order to prepare for a meeting with
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Systems
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Early Findings
There are
three key categories
of HVAC equipment, heating, ventilation, and cooling.
A source notes that
factors impacting market growth
include cutting edge value add technology and climate variations.
Cutting edge technology
to meet consumer perceived value and climate variations are some factors impacting market growth.
A key factor
hindering market growth
is high expenditure of energy for HVAC equipment.
Leading manufacturers
of HVAC Equipment Market are Honeywell International Inc.,
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r
Corp,
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AS, Carrier Corporation, Emerson Electric Company, LG Corporation,
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AB, Lennox International Inc, Panasonic Corporation, Samsung Electronics,
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r
Inc.,
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Industries Ltd. and United Technologies Corporation.
The size of the Global Heating, Ventilation, and Air Conditioning Equipment market is
$156 billion
, with an estimated CAGR of
8.5% through 2026.
The residential segment of
t
h
e
t
h
e
total HVAC equipment market is estimated to hold a
40% market share.
Increasing urbanization
and energy efficient heating and ventilation options are
a
d
d
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t
o
n
a
l
driver of market growth.
Governments have also began
offering incentives
for the promotion of the use of the energy efficient Heating, Ventilation, and Air Conditioning which is creating growth.
Other driving factors
include growing population, demographic changes and rising disposable income.
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