About Industrial HVAC Systems
Industrial HVAC systems ensure high air quality in industrial establishments through ventilation and filtration, which lead to thermal balance. Heat exchangers, pumps, and fans used in these systems control and regulate humidity and temperature levels. The type of HVAC systems required depends on parameters such as heating and cooling, besides air quality of the outdoor or indoor environment in question.
Technavio’s analysts forecast the global industrial HVAC market to grow at a CAGR of 4.12% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial HVAC market for 2016-2020. The market size has been calculated by estimating the demand for industrial HVAC equipment from end-users in industry sectors such as manufacturing, food and beverages, pharmaceutical and biotechnology, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Heating, Ventilation, And Air Conditioning (HVAC) Market 2016-2020
Technavio recognizes the following companies as the key players in the global industrial heating, ventilation, and air conditioning market: Carrier, Daikin Industries, Ingersoll-Rand, Johnson Controls, and LG Electronics.
Other Prominent Vendors in the market are: AB Electrolux, Bosch Thermotechnik, Fujitsu, GD Midea, Gree Electric Appliances, Haier, Hitachi, Lennox International, Nortek, Paloma Industries, and Samsung.
Commenting on the report, an analyst from Technavio’s team said: “A trend gaining traction in the market is the use of advanced monitoring systems and intelligent technologies. Monitoring systems aid in tracking a building's energy consumption, while intelligent technology enables the control of the energy output of an industrial HVAC system. For instance, the heating systems of computing systems use fans that are switched on only after the computing system reaches a set temperature, thus ensuring that the system is energy-efficient.”
According to the report, a key driver which is positively impacting market growth is the dairy sector. Steady growth in the consumption of dairy and related products has led to high level of technology adoption among the top dairy producing countries. Many dairy producers are adopting the latest energy-efficient HVAC systems to ensure longevity, hygiene, and safety of the products.
Further, the report states that one challenge which is likely to restrict market growth is the slump in the oil industry. HVAC systems make it comfortable for oil and gas crews and also protect equipment from overheating.
Carrier, Daikin Industries, Ingersoll-Rand, Johnson Controls, LG Electronics, AB Electrolux, Bosch Thermotechnik, Fujitsu, GD Midea, Gree Electric Appliances, Haier, Hitachi, Lennox International, Nortek, Paloma Industries, Samsung.