Global HVAC Equipment Industry is Forecast to Reach an Estimated $95 Billion in 2018

DUBLIN, August 13, 2013 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/8bjnwt/global_hvac) has announced the addition of the "Global HVAC Equipment Industry 2013-2018: Trend, Profit, and Forecast Analysis" report to their offering.

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The competitive landscape of this industry has remained unchanged for the last five years, with the entry of one new player in the top 10 list, United Technologies Corporation. Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the industry and presents its findings in 'Global HVAC Equipment Industry 2013-2018: Trend, Profit, and Forecast Analysis' Asia Pacific (APAC) dominates this industry. Commercial HVAC equipment is a major segment of the industry, with more than 50% of the market share.

Lucintel's report gives a brief overview of the industry challenges. Increasingly warmer global temperatures are affecting the industry. The global HVAC industry is capital intensive, and with the economy experiencing downturn globally, it is a challenge for many HVAC equipment manufacturers to invest heavily in the industry. Although the middle class population is projecting healthy growth across the world, still the economic condition is preventing many of them from buying domestic HVAC equipment such as air conditioners.

In addition to the industry's challenges, the study highlights growth drivers. Increasing construction activities are mainly responsible for driving growth in the industry. Global sales of homes and new buildings have increased, favoring the industry as sales of HVAC equipment is highly correlated to the construction of new homes and buildings. Availability of easy financing supports the growth of HVAC equipment sales. Residential HVAC equipment is the key growth segment now, driven by increasing residential construction and product penetration. This market report is an indispensable reference guide for HVAC equipment manufacturers, retailers of such equipment, investors, executives, distributors, and many more that operate in this market. To make business, investment, and strategic decisions, timely, useful information is needed, which is fulfilled by this market report.

For more information visit http://www.researchandmarkets.com/research/8bjnwt/global_hvac

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