Four Factors to Promote the Development of the Global AC Market

According to Technavio's latest report predicts that the global HVAC market to 2020 compound annual growth rate will be close to 7%. This report includes the study of the current situation and development of HVAC market from 2020 to 2016.

Four factors to effectively promote the growth of the market.

Although the upgrading of HVAC systems in growth, but in the short term AC equipment sales are likely to decline. Technavio noted that the federal preferential tax policy to ensure energy efficiency of residential heating and ventilation equipment in 2014 has expired. So many users have done this before. So the overall demand for small quantity, air conditioning sales in the short term may shrink.

Construction projects continue to increase the demand.

Demand for the upgrading of the developed countries.

High efficiency and energy saving air conditioning system requirements.

Infrastructure development in emerging countries

Construction Projects Continue to Increase the Demand

Report shows that the development of the real estate industry to promote the development of the global HVAC market has played a crucial role. Residential, commercial and industrial areas of new construction projects directly stimulate the HVAC system needs, thus bringing more opportunities for the market. Innovative design of the building and the focus on energy saving for the HVAC manufacturers to provide a new market growth point.

Demand for the upgrading of the developed countries

Reduce operating costs, improve resource use efficiency, in response to the growing awareness of government incentive policies to promote the United States, Britain, Germany and Japan, the increasing demand for air conditioning replacement. Technavio analysts believe that the 50% of these countries, the growth of the HVAC market is brought about by this demand.

Although the upgrading of HVAC systems in growth, but in the short term air conditioning equipment sales are likely to decline. Technavio noted that the federal preferential tax policy to ensure energy efficiency of residential heating and ventilation equipment in 2014 has expired. So many users have done this before. So the overall demand for small quantity, air conditioning sales in the short term may shrink.  

High efficiency and energy saving AC system

The report further pointed out that the need for energy saving is the driving force for the HVAC market, as it increases the deployment of energy-efficient air-conditioning systems. Many end users prefer to use energy-efficient HVAC equipment to reduce their operating costs. This is the positive impact of these systems demand for residential and commercial users.

Infrastructure development in emerging countries

With the development of economic growth and urbanization, shopping malls, hospitals, hotels and production infrastructure project amount has a considerable increase. Commercial areas, new office buildings, industrial parks and special economic zones, and organized retail outlets have contributed to the emerging economies' demand for HVAC systems.