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alliedcreation · 1 year ago

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Global Portable HVAC Equipment Market Is Expected to Generate $5.5 Billion by 2031

Portable HVAC Equipment market size was valued at $3.5 billion in 2021 and is expected to reach $5.5 billion by 2031, expanding at a 5% CAGR from 2022 to 2031. The report examines changing market dynamics, major segments, the value chain, the competitive scenario, and the regional landscape. This research provides valuable guidance to market leaders, investors, shareholders, and startups in developing strategies for long-term growth and gaining a competitive advantage.

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Report coverage & details: Report CoverageDetails Forecast Period 2022–2031 Base Year 2021 Market Size in 2021 $3.5 billion Market Size in 2031 $5.5 billion CAGR 5.0% No. of Pages in Report 400 Segments covered Product Type, End-user, Distribution Channel, and Region. Drivers The rise in industrial applications of the portable air conditioner The emergence of HCFC alternatives to influence manufacturing strategies The rise in popularity of smart and Wi-Fi-enabled portable HVAC Opportunities Rise in demand for portable devices Restraints Rise in energy consumption and increase in electricity prices

Covid-19 Scenario:

The COVID-19 pandemic outbreak positively impacted the global Portable HVAC Equipment market's growth. The increase in the purchase of portable fans and ACs during the summer months of the pandemic led to an increase in the market size.

During the pandemic, the availability of portable HVAC equipment with limited capability through online channels boosted the market to an extent. Furthermore, increased demand during the summer months in the lockdown for portable fans and ACs helped the market grow during the pandemic.

The research provides detailed segmentation of the global Portable HVAC Equipment market based on product type, end-user, distribution channel, and region. The report uses tables and figures to discuss segments and their sub-segments in depth. Market participants and investors can strategize based on the report's top revenue-generating and fastest-growing segments.

The portable fans segment accounted for more than 60% of the global Portable HVAC Equipment market share and is expected to maintain its leadership position during the forecast period. However, the portable heaters segment is expected to grow at the fastest rate of 5.5% between 2022 and 2031.

Residential end users accounted for the largest share in 2021, accounting for more than 75% of the global Portable HVAC Equipment market and is expected to maintain its revenue lead during the forecast period. However, the commercial segment is expected to grow the fastest between 2022 and 2031.

Based on distribution channels, the hypermarkets and supermarkets segment led the market in 2021, accounting for 31.7% of the portable HVAC equipment market share, and is expected to maintain this position throughout the forecast period. The online retail segment is expected to grow at the fastest CAGR of 5.9% during the forecast period.

In terms of region, North America held the largest share in 2021, accounting for more than 30% of the global portable HVAC equipment market, and is expected to maintain its dominance in 2031. Furthermore, the Asia-Pacific region is expected to exhibit the fastest CAGR of 6.0% during the forecast period. The study also looks at regions such as Europe and Latin America.

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Leading market players of the global Portable HVAC Equipment market analyzed in the research include LG Electronics Inc., Blue Star Limited, AB Electrolux, Orient Electric Limited, Dyson Limited, Haier Group Corporation, Hitachi, Ltd, Emerson Electric Co., Carrier, Panasonic Corporation, Daikin Industries, Ltd., Crompton Greaves Consumer Electricals Limited, Honeywell International Inc., O2COOL, LLC, Midea Group Co., Ltd.

The report delves deeply into these key players in the global Portable HVAC Equipment market. These players have used various strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant positions in multiple regions. The report highlights business performance, operating segments, product portfolio, and market players' strategic moves to demonstrate the competitive scenario.

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alliedmarketresearchs · 3 years ago

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Global Household Appliances Market Expected to Reach $763,451 Million by 2025

According to a new report published by Allied Market Research titled,"Household Appliances Market by Product and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global household appliances market size was valued at $501,532 million in 2017, and is projected to reach $763,451 million by 2025, growing at a CAGR of 5.4% from 2018 to 2025. In 2017, the U.S. household appliances market accounted for nearly 17% of the global household appliances market.

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Household appliances can be categorized into major appliances or white goods, small appliances, and consumer electronics. The household appliances market growth is attributed to increase in technological advancement, rapid urbanization, growth of the housing sector, rise in per capita income, improvement in living standard, surge in need for comfort in household chores, changes in consumer lifestyle, and escalation in number of smaller households. In addition, inclination of consumers toward eco-friendly & energy-efficient appliances further boost the market growth.

Growth in government subsidiaries in the form of rebates and tax credits to the manufacturers producing energy efficient device is anticipated to drive the development of the energy efficient as well as smart household appliances. Along with easing the customer-user interface by integrating the devices with the IoT platform, the manufacturers focus on developing energy efficient technologies, which comply with the energy star specifications and efficiency levels.

Manufacturers in the household appliances market are continuously developing products with enhanced functionality and features to remain competitive. Despite developing products with higher added value, the prices for the products have collapsed and thus, remained stagnant at a low level for several years. The decrease in price was due to the pressure of competition from countries with low manufacturing costs. Manufacturers are also facing pressure related to margins owing to fierce competition in the market. This price fall is forcing companies to develop innovative products. This decrease in price trend of household appliances is encouraging customers to purchase the products, which in turn can drive the market. Reducing prices of household appliances has a positive impact on the growth of the household appliances market.

The market is highly competitive, as repeat purchase is low and consumers are well versed with the product, therefore losing a customer is a sensitive affair. To build relation with every single customer, manufacturers invest heavily on R&D to launch quality products at a competitive price and offer after sale services as well. Moreover, after launching new products, players must invest heavily on various types of marketing communications to increase their reach.

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In November 2018, Samsung announced to expand its washing machine product line to cater to the demand across broad range of income groups in the rural, tier-II, tier-III, and tier-IV markets.

In September 2018, OnePlus, the Chinese smartphones manufacturing company announced to expand its product line into the SmartTV industry and is expected to compete with other brands and its rival smartphone companies such as Xiaomi and Samsung.

In August 2018, Flipkart launched a new, innovative range of washing machines through its private label brand, MarQ. The new line of washing machines is featured as top-of-the-line quality, superior tech-specifications, and energy efficient within economic pricing.

In July 2018, Xiaomi launched a new product to its Mijia product line. Mijia Smart Air Conditioner features an anti-UV ABS polymer resin body, which won the 2017 Good Design gold award. The product further comes with additional features such as a LED display on the front of the unit, and users can control the temperature and cooling times via the Mi Home app from their smart devices.

The global household appliances industry is segmented into product, distribution channel, and region. By product, in the cooking appliances segment, induction cooking technology is gaining popularity, owing to rise in fuel prices. Moreover, changes in lifestyle of consumers with increase in number of nuclear families has increased the dependence of users on the household devices and hence is expected to drive the growth of the household appliances market.

By distribution channel, the specialty store segment generated the highest revenue in 2017, as the majority of the consumers rely on specialty stores owing to specialization in the product category and presence of high expertise.

Conversely, e-commerce sales have witnessed the highest growth rate, as it offers a wide variety of products and is one of the convenient shopping methods.

Asia-Pacific household appliances market share is expected to account for the highest market share in 2017 and is expected to maintain its dominant position throughout the forecast period. Improvement in living standard and development of the housing sector foster the growth of the Asia-Pacific market.

Key findings of the Household Appliances Market:

In terms of value, the refrigerator segment is expected to grow at a CAGR of 6.4% during the forecast period.

North America is expected to dominate the market, registering a significant CAGR of 4.6% in terms of value.

Asia-Pacific is projected to show exponential growth throughout the forecast years, growing at a CAGR 6.3%, in terms of value.

The specialty store distribution channel is anticipated to dominate global household appliances market, registering a CAGR of 5.0%.

China accounted for more than one-third of the total Asia-Pacific household appliances market in 2017.

In the global household appliances market, India is expected to grow at a CAGR of 8.3% in terms of value.

The key players profiled in this report include AB Electrolux; Qingdao Haier Co., Ltd. (Haier); Hitachi, Ltd.; LG Electronics Inc. (LG); Midea Group Co., Ltd. (Midea); Panasonic Corporation (Panasonic); Robert Bosch GmbH; Samsung Electronics Co., Ltd.; Sharp Corporation (Sharp); and Whirlpool Corporation.

To know more about the report @ https://www.alliedmarketresearch.com/household-appliances-market

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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marketresearchtrendsnews · 4 years ago

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HVAC Systems Market Size, Industry Share, and Growth Rate 2027

The global HVAC system market size is projected to reach USD 191.83 billion by 2027, exhibiting a CAGR of 5.0% during the forecast period. Increasing indoor air pollution worldwide will emerge as a major factor propelling the adoption of HVAC systems, finds Fortune Business Insights™ in its report, titled “Heating, Ventilation, and Cooling (HVAC) System Market Size, Share & COVID-19 Impact Analysis, By Type (Single Split Systems, Variable Refrigerant Flow (VRF) Systems, Chillers and Others), By Application (Residential, Commercial and Industrial), and Regional Forecast, 2020-2027”. Indoor air quality in enclosed structures such as schools, homes, and commercial spaces is hampered by the presence of different pollutants such as volatile organic compounds and carbon monoxide. The US Environmental Protection Agency estimates that concentrations of pollutants indoors are 2 to 5 times higher than outdoors. In many countries around the world, inefficient cooking practices are the primary for indoor household pollution. According to the World Health Organization (WHO), around 4 million people die prematurely from illnesses, such as lung cancer and ischemic heart disease, developed due to household pollutants. Heating, ventilation, and cooling systems provide an optimal solution to this problem as these systems can mechanically pulls outdoor air into the home and purifies the indoor air, removing pollutants in an efficient manner.The report states that the global market value stood at USD 130.19 billion in 2019 and also shares the following information:· Valuable insights into the various trends and drivers shaping the growth trajectory of the market;· Thorough analysis of the different hindrances obstructing market growth;· Critical evaluation of the regional prospects and competitive dynamics of the market; and· Exhaustive study of all the market segments.Market DriverThreat of Airborne Spread of COVID-19 May Spike the Demand for HVAC SystemsIn July 2020, the WHO acknowledged the threat that the coronavirus can spread through air. This has brought to light the role played by traditional heating, ventilation, and cooling systems in spreading the virus in enclosed spaces. The main argument in this context is that poor ventilation of energy-inefficient air conditioners is the primary cause of transmission of the virus. For example, a study conducted by the University of Oregon found that the virus was present in 25% of the HVAC systems in hospitals with COVID-19 patients. Therefore, many experts are recommending installing HVAC systems that let in 20% fresh air from outside. As a result, several building owners and managers are upgrading their ventilation systems with more advanced units. In response to the sudden demand spike, companies such as Carrier and Honeywell are offering portable filter machines and air-monitoring sensors to provide improved ventilation. The COVID-19 pandemic is, therefore, generating unprecedented opportunities for market players and boosting the heating, ventilation, and cooling system market growth.Regional InsightsAsia Pacific to Command Market Share; North America to Grow ConsiderablyWith a market size of USD 64.86 billion, Asia Pacific dominated the heating, ventilation, and cooling system market share in 2019 and is expected to continue its impressive performance during the forecast period. The main factor augmenting the market in this region is the rising spending capacity of the consumers, which is pushing them to opt for advanced HVAC systems. Additionally, increasing awareness about indoor pollution and governmental regulations governing urban sustainability are anticipated to provide further impetus to the market.In North America, the market will be mainly driven by the escalating demand for HVAC systems from the residential sector. On the other hand, the market in Latin America is set to experience dynamic growth owing to expansion activities of several manufacturers to boost production and sales in Mexico and Brazil.

List of Companies Profiled in the Heating, Ventilation, and Cooling System Market Report:· Evapco, Inc. (Maryland, U.S.)· Armstrong Fluid Technology (Ontario, Canada)· FERROLI S.p.A. C.F. epVA. (San Bonifacio, Italy)· Emerson Electric Co. (Missouri, U.S.)· AB Electrolux (Stockholm, Sweden)· SAMSUNG (Seoul, South Korea)· Haier Inc. (Qingdao, China)· Schneider Electric (Paris, France)· Carrier (Florida, U.S.)· DAIKIN INDUSTRIES, Ltd. (Osaka,Japan)· Robert Bosch LLC (Baden-Württemberg, Germany)· Valliant Group (North Rhine-Westphalia, Germany)· Danfoss A/S (Syddanmark, Denmark)· Nortek Global HVAC LLC (Missouri, U.S.)· Panasonic Corporation (Osaka, Japan)· LG Electronics (Seoul, South Korea)· GREE ELECTRIC APPLIANCES, INC. (Guangdong, China)· Mitsubishi Electric Corporation (Tokyo, Japan)· Johnson Controls(Cork, Ireland)

#HVAC Systems Market

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samarthj · 4 years ago

Text

HVAC Systems Market Size, Industry Share, and Growth Rate 2027

The report states that the global market value stood at USD 130.19 billion in 2019 and also shares the following information:

· Valuable insights into the various trends and drivers shaping the growth trajectory of the market;

· Thorough analysis of the different hindrances obstructing market growth;

· Critical evaluation of the regional prospects and competitive dynamics of the market; and

· Exhaustive study of all the market segments.

Market Driver

Threat of Airborne Spread of COVID-19 May Spike the Demand for HVAC Systems

In July 2020, the WHO acknowledged the threat that the coronavirus can spread through air. This has brought to light the role played by traditional heating, ventilation, and cooling systems in spreading the virus in enclosed spaces. The main argument in this context is that poor ventilation of energy-inefficient air conditioners is the primary cause of transmission of the virus. For example, a study conducted by the University of Oregon found that the virus was present in 25% of the HVAC systems in hospitals with COVID-19 patients. Therefore, many experts are recommending installing HVAC systems that let in 20% fresh air from outside. As a result, several building owners and managers are upgrading their ventilation systems with more advanced units. In response to the sudden demand spike, companies such as Carrier and Honeywell are offering portable filter machines and air-monitoring sensors to provide improved ventilation. The COVID-19 pandemic is, therefore, generating unprecedented opportunities for market players and boosting the heating, ventilation, and cooling system market growth.

Regional Insights

Asia Pacific to Command Market Share; North America to Grow Considerably

With a market size of USD 64.86 billion, Asia Pacific dominated the heating, ventilation, and cooling system market share in 2019 and is expected to continue its impressive performance during the forecast period. The main factor augmenting the market in this region is the rising spending capacity of the consumers, which is pushing them to opt for advanced HVAC systems. Additionally, increasing awareness about indoor pollution and governmental regulations governing urban sustainability are anticipated to provide further impetus to the market.

In North America, the market will be mainly driven by the escalating demand for HVAC systems from the residential sector. On the other hand, the market in Latin America is set to experience dynamic growth owing to expansion activities of several manufacturers to boost production and sales in Mexico and Brazil.

List of Companies Profiled in the Heating, Ventilation, and Cooling System Market Report:

· Evapco, Inc. (Maryland, U.S.)

· Armstrong Fluid Technology (Ontario, Canada)

· FERROLI S.p.A. C.F. epVA. (San Bonifacio, Italy)

· Emerson Electric Co. (Missouri, U.S.)

· AB Electrolux (Stockholm, Sweden)

· SAMSUNG (Seoul, South Korea)

· Haier Inc. (Qingdao, China)

· Schneider Electric (Paris, France)

· Carrier (Florida, U.S.)

· DAIKIN INDUSTRIES, Ltd. (Osaka,Japan)

· Robert Bosch LLC (Baden-Württemberg, Germany)

· Valliant Group (North Rhine-Westphalia, Germany)

· Danfoss A/S (Syddanmark, Denmark)

· Nortek Global HVAC LLC (Missouri, U.S.)

· Panasonic Corporation (Osaka, Japan)

· LG Electronics (Seoul, South Korea)

· GREE ELECTRIC APPLIANCES, INC. (Guangdong, China)

· Mitsubishi Electric Corporation (Tokyo, Japan)

· Johnson Controls(Cork, Ireland)

#HVAC Systems Market #HVAC Systems Market Share

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