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Manufacturing Industry Will Continue to Dominate the Global Industrial HVAC Market Through 2020, Predicts Technavio

May 9, 2016 | By Business Wire News

LONDON

According to the latest market study released by Technavio, the global industrial heating, ventilation, and air conditioning (HVAC) marketis expected to grow at a CAGR of more than 4% during the forecast period.

This research report titled ‘Global Industrial HVAC Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

Request sample report: http://goo.gl/08PKCX

The report categorizes the global industrial HVAC market into the following end-user segments:

  • Manufacturing
  • Food and beverage
  • Pharmaceutical and biotechnology
  • Others

The others segment comprises industries such as power (especially in nuclear power plants), mining, poultry, and cement.

Industrial HVAC market by manufacturing industry

Technavio predicts the global industrial HVAC market by manufacturing industry to grow at a CAGR of close to 4% to reach USD 7.92 billion by 2020. Chemical, petrochemical, automotive, aerospace, semiconductor, textile, pulp and paper, metal processing, wood processing, and plastic and rubber manufacturers are the list of end-users considered under the manufacturing industry. Of which, the highest demand for industrial HVAC system is expected to stem from the automotive, paper and pulp, aviation, and textile industry over the next four years.

“The automotive industry is the primary end-user of industrial HVAC. In 2015, the global passenger car sales accounted for 88.86 million units. MNC automobile manufacturers such as Ford, Volkswagen, BMW, Toyota Motors, Honda Motors, Daimler, Fiat, and Tata Motors are making substantial investments in production facilities in developing countries such as India, Thailand, and Mexico. Thus, rising sales, greater demand for automobiles, and increased investment in the automotive industry will spur the need for capacity expansion, creating demand for HVAC systems over the next four years,” says Anju Ajaykumar, a lead analyst at Technavio for unit operations sector.

Global industrial HVAC market by food and beverage industry

The food and beverage industry requires extensive use of hygienic HVAC and effective cooling to ensure optimal processing of highly perishable products. The air quality has a direct impact on the quality and durability of food and beverage. The majority of the demand for HVAC is expected to arise from meat processing plants equipped with advanced and energy-efficient air treatment units. The HVAC systems used in meat processing allow packaging of colds cuts almost at 0°C, and also disinfect the air, thus enhancing plant productivity and product durability.

HVAC systems are primarily used to prevent air contamination in the food packaging industry. The packaged food industry uses a variety of materials such as plastic, glass, paperboard, and aluminum canning for products such as snack items, confectioneries, meat and seafood, fruits, cheese, vegetables, and condiments. The growth of this industry has a direct impact on the HVAC market in the food packaging industry. Therefore, the major demand for industrial HVAC is expected to arise due to growing demand for packaged foods and upgrading of HVAC systems to more energy-efficient systems.

Global Industrial HVAC market by pharmaceutical and biotechnology industry

The pharmaceutical and biotechnology industry requires a hygienic manufacturing environment to ensure safety. “The industry uses cleanrooms or controlled environments to manufacture medicines to prevent cross contamination between two different products or infection from microbial entry and to ensure improvement of product quality. HVAC systems provide a controlled environment for pharmaceutical and biotechnology manufacturing,” says Anju.

HVAC systems are used in various applications in the pharmaceutical and biotechnology industry:

  • Manufacturing plants
  • Cosmetics plants or sterile rooms
  • Regenerative medicine also known as cell preparation rooms
  • Cell preparation and culture rooms
  • Monitoring rooms

The top vendors highlighted by Technavio’s research analysts in this report are:

  • Carrier
  • Daikin Industries
  • Ingersoll-Rand
  • Johnson Controls
  • LG Electronics

Browse Related Reports:

Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact enquiry@technavio.com with your requirements and a link to our subscription platform.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

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