Demand for commercial ventilation system is driving the growth of the United States commercial HVAC Market, in the forecast period, 2022-2026F.
According to TechSci Research report on, “United States Commercial HVAC Market - By Region, Competition, Forecast & Opportunities, 2026” United States commercial HVAC market has shown USD14.70 billion growth in the year 2020 and is expected to continue its growth with 4.01% CAGR in forecast years 2022 to 2026, to reach USD18.94 billion by 2026.
Surging industrialization and urbanization in the country is further driving the growth of the United States commercial HVAC market in the upcoming five years. Increasing demands for heating, ventilation, and air conditioning system in the commercial buildings and corporate offices is further supporting the growth of the United States commercial HVAC market in the next five years.
Added advantages such as remote access, green energy modules, and advanced technology incorporation to enhance the system's functioning are further aiding the growth of the United States commercial HVAC market in the future five years. The modern technology HVAC system uses natural refrigerants like carbon dioxide and has government support through favorable schemes and launch strategies that are also substantiating the growth of the United States commercial HVAC system in the forecast years until 2027.
Browse over 29 market data Figures and 4 market data Tables spread through 87 Pages and an in-depth TOC on "United States Commercial HVAC Market"
https://www.techsciresearch.com/report/united-states-commercial-hvac-market/8138.html
Growing awareness among consumers regarding depleting environmental conditions, use of green-energy models, and installation of appliances that save energy also drive the growth of the United States commercial HVAC market in the forecast period.
The United States commercial HVAC market is segmented based on product type, end user, sales channel, region, and competitional landscape. Based on product type, the market is further fragmented into chillers, cooling towers, air handling units, VRF, heat pumps, and others. Air handling units are expected to register the fastest CAGR value in the upcoming five years due to increasing concerns toward environment depletion and thus cause poor quality of air.
Air handling units are responsible for re-conditioning the outside air and monitoring the temperature and moisture in the air and then supplying it inside the building. Due to increased industrialization and multiple activities creating pollution on a large scale, demand for air handling units is rapidly increasing. Also, the recent pandemic situation further aided the growth of the sub-segment.
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Based on the sales channel, the market is further bifurcated into distributors/ dealers and institutional sales. Distributors/ dealers are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on account of the availability of multiple brands and comparative analysis for all the products on a single platform.
A partial list of major market players of the United States commercial HVAC market includes:
- Daikin North America LLC
- Carrier Global Corporation
- Mitsubishi Electric Trane HVAC US LLC (METUS)
- Johnson Controls, Inc
- Lennox International Inc
- Nortek Global HVAC LLC
- LG Electronics USA, Inc.
- Samsung HVAC America, LLC
- Rheem Manufacturing Company
- Danfoss LLC
Daikin North America LLC is expected to be the dominant leader of the market with its wide range of air conditioning appliances. Also, the acquisition of Goodman Manufacturing Company L.P. in 2012 provided a homegrown market in the United States to Daikin and supported its brand establishment in the next years. In the year 2019, the company launched One+ Smart Thermostat, which offers complete two-way communications. It is mainly for users who want to adjust the temperature.
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“Southern region and western region of the States hold approximately 60% of the market share. Higher industrialization, urbanization, and increasing production units in the regions are expected to drive the growth of the market in the particular regions. Increasing number of market players and increased globalization of the regional states are further expected to aid the growth of the United States commercial HVAC market in the next five years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Commercial HVAC Market By Product Type (Chillers, Cooling Towers, Air Handling Units, VRF, Heat Pumps, Others), By End User (Industries, Institutional, Commercial Real Estate, HORECA, Others), By Sales Channel (Distributor/Dealer, Institutional Sales), By Region (South, West, Midwest and Northeast), Competition, Forecast & Opportunities, 2016-2026” has evaluated the future growth potential of United States commercial HVAC market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions.
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According to ChemAnalyst report, “Global Coating Additives Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global coating additives market has shown promising growth in the past five years and is anticipated to achieve a CAGR of 4.35% during the forecast period.
Rise in the demand of automotive industry along with the increasing demand of other application areas such as architectural coatings, industrial goods etc.
Moreover, increasing population and subsequent urbanization is also a propelling factor supporting demand growth of coating additives during the forecast period.Get more info: https://www.chemanalyst.com/industry-report/coating-additives-market-562Coating additives are the chemicals are added to various coatings to enhance their performance and properties such as adhesion, dispersion, chemical resistance etc.
Major properties associated with coating additives are adhesion which is the overall binding of the coating to the substrate, dispersion which involves proper laying of the coating onto the substrate and proper composition of various components of the coating throughout the resin matrix, and at last the chemical resistance which is the most important property of coating additives because the coating is susceptible to many external chemical agents which can wear and tear the coating thereby decreasing the performance levels of the coating, coating additives provide the coating with necessary chemical resistance.
In the first half of FY20 sudden outbreak of novel coronavirus followed by fall in in the demand of automotive rendered a major downfall in the global coating additives, hence the prices remained low for coating additives during the coronavirus pandemic.
Asia’s coating additives market is anticipated to grow in the economies like China due to increasing demand of automotive and architectural coatings.According to ChemAnalyst report, Global Coating Additives Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating global coating additives market are Croda International Plc, Eastman Chemical Company, ANGUS Chemical Company, Dow, BASF SE, Huntsman International LLC., Royal Dutch Shell Plc, Formosa Plastics Corporation, Eni S.p.A., Evonik Industries AG, Ineos Group AG, LANXESS, Repsol, SABIC, Exxon Mobil Corporation.
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