Research and Markets: China HVAC Equipment Market 2015-2019
September 16, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/625m4x/hvac_equipment) has announced the addition of the “HVAC Equipment Market in China 2015-2019” report to their offering.
The HVAC equipment market in China to grow at a CAGR of 8.51% over the period 2014-2019.
Heating, ventilation, and air conditioning equipment, more commonly known as HVAC equipment, provides conditioned air to occupants inside a building by creating a comfortable and favorable environment. Conditioned air is clean and odor-free with its temperature, humidity, and movement controlled within a certain comfort level.
The report includes the present scenario and the growth prospects of the HVAC equipment market in China for the period 2015-2019. The market can be segmented into three based on product type: cooling equipment, heating equipment, and ventilation equipment.
According to the report, end-users prefer using energy-efficient HVAC equipment to reduce their operating expenses; HVAC systems account for 60%-70% of the energy cost of a building. Thus, this impulse for energy saving has been driving consumers and businesses to buy HVAC equipment. In addition, the international fossil fuel market is always under pressure because there is hardly any reserve capacity. This makes the fossil fuel prices sensitive to energy demand. Thus, reduced energy demand will result in reduced fossil fuel prices. Since about 60% of China’s electricity is produced from fossil fuels, it will lead to reduced electricity prices. Thus, the reduced electricity prices are expected to encourage people to opt for the latest technology HVAC equipment.
Further, the report states that many HVAC market vendors are expected to find it difficult to comply with the norms as they require intensive restructuring of their business models, which is expected to lead to heavy investment in the market during the forecast period.
Key Vendors
– Carrier
– Daikin Industries
– Ingersoll Rand
– LG
Other Prominent Vendors
– AB Electrolux
– GD Midea
– Gree Electric Appliances
– Haier
– Lennox International
– Nortek
– Paloma Industries
– Samsung
– Siemens
For more information visit http://www.researchandmarkets.com/research/625m4x/hvac_equipment
View source version on businesswire.com: http://www.businesswire.com/news/home/20150916006512/en/
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