Dallas, Texas (PRWEB) July 25, 2014
One such major trend in this market is the increased use of green technology and renewable energy sources. Increased investment made by the major EU countries in clean energy projects is expected to contribute to the revenue of the HVAC Equipment market in Europe during the forecast period.
According to the report, the need to reduce energy and costs is one of the most prominent drivers of the market. Energy-efficient HVAC systems help in reducing energy costs. Therefore, many building owners are replacing their less efficient HVAC equipment with the latest technologically advanced HVAC equipment.
HVAC systems are primarily used in buildings to provide good indoor air quality through adequate ventilation and air filtration and to provide thermal comfort. They use equipment such as heat exchangers, pumps, and fans to control and regulate a room’s humidity and temperature. The systems are widely used in various industries/sectors such as the Construction and Infrastructure industry, the Data Center industry, and the Healthcare sector.
The HVAC Equipment market in Europe can be divided into three segments: Heating Equipment, Ventilation Equipment, and Air Conditioning Equipment. These types of equipment are utilized by residential, commercial, and industrial end-users.
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The HVAC Equipment Market in Europe 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the HVAC Equipment market landscape in Europe and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in the HVAC Equipment Market in Europe: Bosch Thermotechnik GmbH, Carrier Corp., Daikin Industries Ltd., Johnson Controls Inc. and Vaillant Group.
Other prominent vendors in the market are: Fujitsu Ltd., Hitachi Ltd., Ingersoll-Rand plc, Lennox International Inc., Mitsubishi Electric Corp.
Key Market Driver
- Energy Efficient and Cost Saving
Key Market Challenge
- Capital Intensive Market
Key Market Trend
- Recovery in Construction Industry
Further, the report states that increased vendor competition is one of the major challenges in the market. There are many local and regional HVAC equipment suppliers in Europe offering HVAC equipment at a relatively low rate compared with the large players. This is affecting the profit margins of local and regional vendors.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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