According to the 2017 HVAC equipment market report, the global HVAC equipment market to grow at a compound annual growth rate (CAGR) of 4.9 percent during the period 2017-2021. The latest trend gaining momentum in the HVAC equipment market is rise in incorporation of building automation systems (BAS).
The global ventilation equipment market will reach $25 billion in revenues in 2017 and is estimated to reach $40 billion by 2025, expanding at 5.5 percent compound annual growth rate (CAGR), per a recent report from Persistence Market Research (PMR).
Central air conditioning (CAC) systems and direct expansion (DX) central air conditioning systems are projected to witness 6.7 percent growth in unit shipments and 7.2 percent in shipments value during the 2017-2022 analysis period.
The demand for unitary air conditioners is forecast to expand at a 4.9 percent yearly rate through 2021 reaching $11.0 billion and continuing to outperform air conditioning equipment sales as a whole. The replacement of units that have reached the end of their operational lives will remain the primary driver of sales.
According to a new market research report, "The Thermal Energy Storage Market, By Technology, Storage Material, Application, End-User, and Region - Global Forecast To 2022," published by MarketsandMarkets, the market is expected to grow from an estimated $3.67 billion in 2017 to $6.20 billion by 2022, registering a compound annual growth rate (CAGR) of 11 percent from 2017 to 2022.
The total global market will be worth $29.8 billion by 2021
March 30, 2017
The Building Services Research and Information Association (BSRIA) is forecasting a total global growth of 20 percent in the smart home/light commercial market in 2017, with the largest growth being predicted for the UK market with a growth rate of 29 percent. The new study published in January 2017 segments the market into stand-alone products and whole home products; it also analyzes the value of system integration (value add) and service and maintenance.
Nonresidential construction spending growth estimated to increase 3-4%
September 26, 2016
Growth will continue to be led by privately financed projects, with commercial construction continuing to lead the way. Energy-related construction will become less of a drag in 2017, while public spending will continue to be lackluster.