Global HVAC Insulation Market 2016-2020
About HVAC Insulation
Heating, ventilation, and air conditioning (HVAC) is one of the most energy-intensive systems in commercial and residential buildings. HVAC insulation is crucial to the energy efficiency, performance, and sustainability of HVAC systems. HVAC insulation helps in controlling the heat that is dissipated through conduction, convection, and radiation. Apart from their unique thermal properties, insulation materials also provide protection against sound, fire, and physical impact.
Technavio’s analysts forecast the global HVAC insulation market to grow at a CAGR of 7.7% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global HVAC insulation market for 2016-2020. To calculate the market size, the report covers the present scenario and the growth prospects of the global HVAC insulation market for the period 2016-2020.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global HVAC Insulation Market 2016-2020
Technavio recognizes the following companies as the key players in the global HVAC insulation market: Johns Manville, Knauf Insulation, Owens Corning, ROCKWOOL, and Saint-Gobain ISOVER.
Other prominent vendors in the market are: Armacell, CSR Building Products, K-Flex USA, Kingspan, and Huntsman.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is increased green construction spending. Worldwide, the construction industry is pursuing various energy-efficient methods and is actively investing in energy efficiency solutions to counter rising energy costs without compromising on the quality of services provided. The commercial sector is increasingly adopting green systems in buildings, which promote a healthy and productive environment, increase efficiency, and reduce the impact on the surroundings. As a result, these systems earn LEED certification or Energy Star designation. The financial benefits gained from energy efficiency and low energy costs in green buildings have led to continuous investment in technologies that result in energy savings.”
According to the report, one of the primary drivers in the market is increased construction activities.
Further, the report states that one major challenge in the market is capital-intensive market. The global HVAC market is capital-intensive, which is restricting the greater deployment of HVAC systems, thus negatively impacting the HVAC insulation market. HVAC market vendors face difficulty in investing heavily in R&D activities and marketing campaigns. Many end-users also struggle to purchase HVAC equipment as it requires high initial investment. In developing countries, especially, the high cost hinders many residential users from buying residential HVAC equipment such as household furnaces, ACs, and others.
Johns Manville, Knauf Insulation, Owens Corning, ROCKWOOL, Saint-Gobain ISOVER, Armacell, CSR Building Products, K-Flex USA, Kingspan, Huntsman.