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Heating & Cooling Market Share

  • Report ID: GMI4380
  • Published Date: Nov 2021
  • Report Format: PDF

Heating & Cooling Market Share

HVAC manufacturers operating under applicable stringent norms and mandates pertaining to energy efficiency have been aligning with product development approaches to sustain their market competence over the others. Technological feasibility, per capita energy consumption, and regional proximity coupled with the adoption of advanced technological systems through building strategic alliances will further influence the heating & cooling industry forecasts.
 

Eminent manufacturers operating across the heating & cooling industry aim to bring enhanced technologies and innovative products to fulfill consumer requirements. Key players are focusing on strategic partnerships, mergers, and acquisitions to achieve renewable energy targets set by respective governments, which will boost the business landscape. Industry manufacturers have been laying importance on providing forward integration and reducing product costs across the industry ecosystem, which will further thrust the heating & cooling market.
 

Major companies working across the global heating and cooling industry include

  • Johnson Controls
  • Siemens
  • Daikin
  • Lennox International
  • Trane
  • Rheem Manufacturing
  • Engie
  • Mitsubishi Electric
  • Haier
  • Danfoss
  • Empower
  • Veolia
  • Goodman
  • Fortum
Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The global heating & cooling industry size was worth USD 1,000 billion in 2020 and is anticipated to record a CAGR of over 4% up to 2027 due to the imposition of severe regulations regarding carbon emissions and the rising infrastructural spending.

The annual revenue of the industrial heating and cooling market exceeded USD 300 billion in 2020 and will grow with the need for operational safety from leakages and a decline in conveyance losses.

The heating & cooling market share in North America will rise at a CAGR of more than 3% through 2027 due to the surging requirement for efficient cooling & space heating solutions along with the growing residential and commercial consumer spending.

Johnson Controls, Siemens, Daikin, Lennox International, Trane, Rheem Manufacturing, Engie, Mitsubishi Electric, Haier, Danfoss, Empower, Veolia, Goodman, and Fortum, are some major companies in the global heating and cooling industry.

Heating & Cooling Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 15
  • Tables & Figures: 2316
  • Countries covered: 20
  • Pages: 1175
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