PUBLISHER: Lucintel | PRODUCT CODE: 1266732
PUBLISHER: Lucintel | PRODUCT CODE: 1266732
The future of the Chinese HVAC (heating, ventilation and air conditioning) equipment market looks promising with opportunities in the residential and commercial construction industries. The China HVAC equipment market is expected to reach an estimated $78.1 billion by 2028, and it is forecast to grow at a CAGR of 5.6% from 2023 to 2028. The major drivers of growth are higher rate of building construction and strict regulations regarding energy efficient buildings in China to make existing facilities energy efficient.
Emerging trends, which have a direct impact on the dynamics of the China hvac equipment industry, include the increasing use of green HVAC, and increasing use of air purification technology.
A total of 61 figures / charts and 31 tables are provided in this 120-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of the China hvac equipment market report, download the report brochure.
The study includes China hvac equipment market size and forecast for the China's hvac equipment market through 2028 segmented by product type, and end use as follows:
China HVAC equipment market by product Type [Volume (M units) and Value ($ million) from 2017 to 2028]:
China HVAC equipment market by end Use [Volume (M units) and Value ($ million) from 2017 to 2028]:
China hvac equipment companies profiled in this market report includes Gree Electric Appliances, GD Midea, Haier are the major manufacturers of HVAC equipment in China.
On the basis of our comprehensive research, Lucintel forecasts that the room AC segment is expected to show above average growth during the forecast period due to a higher rate of urbanization and a higher demand for energy efficient HVAC equipment.
Within the Chinese hvac equipment market, residential is expected to remain the largest segment during the forecast period. Increasing penetration and renovation activities are the major driving forces that will spur growth for this segment over the forecast period.