Issue link: https://te.mouser.com/i/1478952
SUSTAINABILITY, RELIABILITY & EFFICIENCY: A LOOK INTO TODAY'S TRENDS AND OPPORTUNITIES FOR HVAC Sustainability, Reliability & Efficiency A Look into Today's Trends and Opportunities for HVAC 5 HVAC Market: A Look at Global Growth Projections The global HVAC market comprised both the residential and commercials sectors. Estimated to reach $270 billion in sales between 2025-2030, it has a projected CAGR of 5.3% over the next 4-9 years. Much of this growth has been led by the residential segment, which accounted for more than 40% of sales in 2021. However, the commercial HVAC market is poised for growth, estimated to reach $29.4 billion by 2026 and reflecting a 6% CAGR between 2020-2026. By geography: • The Asia Pacific HVAC market is projected to reach a value of $70.7 billion by 2024. China is expected to be the largest market, as it was the largest contributor to the HVAC market in 2021 with a more than 45% revenue share owing to the rise in population, urbanization and surge in consumers' disposable income. • The European HVAC market is expected to reach $78 billion by 2025. This is significant growth even with a lack of uniformity in demand from countries across the continent, a dependence on fiscal stimulus, the containment of Covid-19 spread, and the recovery of the construction industry. • North America's HVAC market was valued at $32 billion in sales in 2020 and is expected to reach $43.2 billion by 2026. This reflects a CAGR of 4.7% over the 2021-2026 period. HVAC Overview Residential Market • Cooling • Heating • Humidity • Ventilation • Central Air Conditioner • Ductless Mini-Split • Window Air Conditioner • Portable Air Conditioner • Floor Mounted Air Conditioner • Hybrid / Dual Fuel Air Conditioner • Through the wall Air Conditioner • Smart Air Conditioner • Geothermal Air Conditioner Subsystems of Residential HVAC Systems • Furnace / Air handler • Evaporator Coil • Condenser • Supply Air Ducting • Return Air • Adaptions • Supply Air Runs • Return Air Runs • Flue / Chimney Piping Commercial Market Applications • Cooling • Heating • Ventilation • Filtering • Dehumidification • Air-purification Types of Commercial HVAC Systems • Single Split System • Multi-Split System Air Conditioning • Variable Refrigerant Flow (VRF) and Variable Refrigerant Volume (VRV) Subsystems of Commercial HVAC Systems • Air Conditioner • Compressor • Condenser • Thermal Expansion Valve • Air Handler (including Evaporator Coil and Blower) • Terminal Units • Chiller Applications Applications Types of Residential HVAC Systems