The Heating, Ventilation, and Air Conditioning (HVAC) market is a multi-billion market. The ever growing population, increasing investment in building construction and growing industrialization are some of the factors driving the HVAC management system market. The HVAC management system has a major share in the commercial sector. HVAC systems are witnessing a rapid growth in the residential segment. The centralized HVAC systems are mainly being used in homes and offices.
Asia Pacific region is showing rapid expansion in the adoption of HVAC management system which is led by India and China regions. China is amongst the leading suppliers of the HVAC systems in the European market. In the coming years, it is expected that the demand for the HVAC management system will increase in North America due to the growing awareness and investment in green infrastructure. According to Infoholic Research, the market will witness a double digit growth during the forecast period 2016–2022. Presently, the HVAC management system manufacturers have started focusing on manufacturing energy efficient HVAC management system.
Few players covered in the report are Johnson Controls, Inc., AB Electrolux, Panasonic Corporation, and Samsung Electronics. The report provides a comprehensive review of HVAC management system market by types, end user applications and regions.
The study covers and analyzes the “Worldwide HVAC management system” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.