The global HVAC linesets market is projected to grow at a modest CAGR of 4.5% during the forecast period. The primary factor driving the HVAC linesets market is the increasing residential construction, growing trends of smart homes, and increasing demand for air conditioners. Construction of smart homes is on the rise, with nearly 30 million US households projected to add smart home technology shortly. The products consumers are looking to add to their homes include connected cameras and HVAC systems. The increasing demand for efficient heating has led to the adoption of automated heater controls.
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In addition, the textile industry, manufacturing, and various other industries use HVAC for different purposes. According to the World Bank, the textile industry contributed around 2.35% to the country’s GDP in 2018. Air conditioning plays an important role in the textile trade as it is necessary for the production of high-quality products. The manufacturing of natural cotton, wool, silk, rayon, and nylon fibers needs to be controlled under exact relative humidity in its development process. The finished textile products are considerably soft and durable when they are manufactured under an ideal humidity environment. If these textiles are produced under dry humidity conditions, there is a very high chance that the produced item is brittle and weak. As a result, various manufacturing stages in textile industries need different heat and humidity settings. For instance, lower humidity is needed in the weaving unit for reducing static electricity and it also improves the strength of cotton threads.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global HVAC Linesets Market by Material Type
- Copper
- Low Carbon
- Others
Global HVAC Linesets Market by End-User
- Residential
- Commercial
- Industrial
Global HVAC Linesets Market by Implementation
- New Construction
- Retrofit
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europ Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Carrier Corp.
- Daikin Industries, Ltd.
- Emerson Electric Co.
- Fujitsu General Ltd.
- Godrej & Boyce Manufacturing Co. Ltd.
- Gree Electric Appliances, Inc.
- Guangdong Chigo Air Conditioning Co., Ltd.
- Haier Electronics Group Co., Ltd.
- Hitachi Ltd.
- Hitachi, Ltd.
- Johnson Controls International plc
- Lennox International, Inc.
- LG Electronics Corp.
- Midea Group.
- Mitsubishi Electric Corp.
- Nortek Air Solutions, LLC
- Panasonic Corp.
- Samsung Group.
- Toshiba Corp.
- Trane Technologies
- United Technologies Corp.
- Voltas Ltd.
- York (Parent company Johnson Controls)
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global HVAC linesets market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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