HVAC Systems Market Worth USD 173.16 Billion by 2022 - Driven by Government Incentives Through Tax Credit Program - Research and Markets

DUBLIN, July 15, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "HVAC Systems Market - Global Forecast to 2022" report to their offering.

The HVAC systems market is expected to grow at a CAGR of 5.9% between 2016 and 2022 and reach USD 173.16 billion by 2022. The key driving factors for the growth of the HVAC systems market are government incentives through tax credit programs, increasing construction activities, and government regulations and policies for energy saving.

The growth of the heating equipment market is mainly driven by government financial incentive programs, low operating cost and high operating capacity, higher efficiency of equipment, and increasing demand in the residential market.

The growth of the HVAC systems market in APAC is attributed to the increase in industrialization and urbanization, increase in the disposable income of consumers, and change in climate conditions. Further, introduction of government programs for promoting energy savings has also helped the HVAC industry to grow in the region.

Some of the regulations contributing to the growth of the region are Commercial Building Disclosure (CBD) Program (Australia), Energy Conservation Building Codes (India), LEED-INDIA, and Indian Society of Heating, Refrigerating, and Air-Conditioning Engineers (ISHRAE).

Companies Mentioned:

• Daikin Industries Ltd.
• Electrolux AB
• Emerson Electric Co.
• Honeywell International Inc.
• Ingersoll Rand PLC.
• Johnson Controls, Inc.
• LG Electronics
• Lennox International Inc.
• Mitsubishi Electric Corp.
• Nortek, Inc.
• Panasonic Corp.
• Qingdao Haier Co., Ltd.
• Samsung Electronics Co., Ltd.
• United Technologies Corp.
• Whirlpool Corp.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights - HVAC Systems Market

5 Market Overview

6 Industry Trends

7 HVAC Systems Market, By Heating Equipment

8 HVAC Systems Market, By Ventilation Equipment

9 HVAC Systems Market, By Cooling Equipment

10 HVAC Systems Market, By Implementation Type

11 HVAC Systems Market, By Application

12 Software and Services Used in HVAC Systems

13 HVAC Systems Market, By Geography

14 Competitive Landscape

15 Company Profiles

For more information visit http://www.researchandmarkets.com/research/tqb4qw/hvac_systems

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SOURCE Research and Markets