HVAC Equipment Market In China 2024-2028
The HVAC equipment market in China is forecasted to grow by USD 13.4 bn during 2023-2028, accelerating at a CAGR of 8.01% during the forecast period. The report on the HVAC equipment market in China provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand for centralized HVAC systems, increasing residential and commercial construction activities, and cost advantages of renting HVAC equipment.
Technavio's HVAC equipment market in China is segmented as below:
By End-user
- Non-residential
- Residential
By Product
- Air conditioning equipment
- Heating equipment
- Ventilation equipment
By Geographical Landscape
This study identifies the advent of smart HVAC systems as one of the prime reasons driving the HVAC equipment market in China growth during the next few years. Also, growing preference for customized HVAC systems and rising adoption of prefabricated construction solutions will lead to sizable demand in the market.
The report on the HVAC equipment market in China covers the following areas:
- HVAC equipment market in China sizing
- HVAC equipment market in China forecast
- HVAC equipment market in China industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading HVAC equipment market in China vendors that include Carrier Global Corp., Daikin Industries Ltd., Fujitsu Ltd., Gree Electric Appliances Inc. of Zhuhai, GUANGDONG CHIGO AIR CONDITIONING CO. LTD., Guangzhou Seagull Kitchen And Bath Products Co. Ltd., Haier Smart Home Co. Ltd., Hitachi Ltd., Johnson Controls International PLC., Lennox International Inc., LG Corp., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Paloma Co. Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Shanghai Shenglin M and E Technology Co. Ltd., TCL Electronics Holdings Ltd., Toshiba Corp., and Trane Technologies PLC. Also, the HVAC equipment market in China analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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 an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.