Heating,
ventilation, and air conditioning (HVAC) refers to systems that perform
processes designed to regulate room temperature, humidity, and air flow in
buildings, as per their acceptable range.
HVAC systems are an important part of:
- Architectural design and space allocations
- Building construction budget
Analysts forecast
the Global Procurement
of HVAC Systems market to grow
at a CAGR of 6.35 percent over the period 2013-2018.
The report recognizes
the following companies as the key players in the Global Procurement of HVAC
Systems Market: Carrier Corp., Daikin Industries Ltd., Ingersoll-Rand Inc. and
Johnson Controls Inc.
One of the major
trends upcoming in this market is the favorable price scenario. There is
moderate price growth, but the booming demand for HVAC products compensates for
the same. With manufacturing facilities reshoring back to US, sourcing of such
products for home consumption is likely to become much less expensive. The
supply market for this segment demonstrates a promising growth scenario because
of various best practices adopted by the manufacturers.
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Covered in this Report
This report covers
the present scenario and the growth prospects of the Global Procurement of HVAC
Systems market for the period 2014-2018. This research report provides data for
the latest market scenario in terms of global demand for HVAC systems, price
structure such as input costs, and market segmentation based on products. The
report also identifies the leading suppliers of HVAC systems. To arrive at a
ranking for the leading vendors of the market and to calculate the market size,
the report considers the revenue generated by these vendors.
Global Procurement
of HVAC Systems Market 2014-2018, has been prepared based on an in-depth market
analysis with inputs from industry experts. The report proposes a strategic
analysis of the key factors influencing the way the procurement market works
while laying down the process map and value chain of the entire supply-demand
network. It also covers the Global Procurement of HVAC Systems market landscape
and its growth prospects in the coming years. The report includes a discussion
on the key vendors operating in this market.
According to the
report, new emerging technologies and innovations in manufacturing HVAC
equipment for building practices will have a huge impact in the Residential and
Commercial markets during the upcoming years. There will be more emphasis on
systems that combine a variety of indoor functions. As these systems are more
complex, the equipment specifications will be required to be user-friendly to
guarantee that manufacturers adopt these new technologies.
Further, the report
states that one of the challenges that the market faces is the lack of
experienced technicians. Attracting and retaining technicians is not easy
because of tough competition from all industrial sectors.
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