HVAC systems are
primarily used in buildings to provide good indoor air quality through adequate
ventilation and air filtration and to provide thermal comfort. They use
equipment such as heat exchangers, pumps, and fans to control and regulate a
room’s humidity and temperature. The systems are widely used in various
industries/sectors such as the Construction and Infrastructure industry, the
Data Center industry, and the Healthcare sector.
Analysts forecast
the HVAC
Equipment market in Europe will
grow at a CAGR of 2.88 percent over the period 2013-2018.
The Report
recognizes the following companies as the key players in the HVAC Equipment
Market in Europe: Bosch Thermotechnik GmbH, Carrier Corp., Daikin Industries
Ltd., Johnson Controls Inc. and Vaillant Group
Other prominent
vendors in the market are: Fujitsu Ltd., Hitachi Ltd., Ingersoll-Rand plc,
Lennox International Inc., Mitsubishi Electric Corp.
One such major
trends in this market is the increased use of green technology and renewable
energy sources. Increased investment made by the major EU countries in clean
energy projects is expected to contribute to the revenue of the HVAC Equipment
market in Europe during the forecast period.
Covered in this Report
The HVAC Equipment
market in Europe can be divided into three segments: Heating Equipment, Ventilation
Equipment, and Air Conditioning Equipment. These types of equipment are
utilized by residential, commercial, and industrial end-users.
HVAC Equipment
Market in Europe 2014-2018, has been prepared based on an in-depth market
analysis with inputs from industry experts. The report focuses on the HVAC
Equipment market landscape in Europe and its growth prospects in the coming
years. The report also includes a discussion of the key vendors operating in
this market.
According to the
report, the need to reduce energy and costs is one of the most prominent
drivers of the market. Energy-efficient HVAC systems help in reducing energy
costs. Therefore, many building owners are replacing their less efficient HVAC
equipment with the latest technologically advanced HVAC equipment.
Further, the report
states that increased vendor competition is one of the major challenges in the
market. There are many local and regional HVAC equipment suppliers in Europe
offering HVAC equipment at a relatively low rate compared with the large
players. This is affecting the profit margins of local and regional vendors.
