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 – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global HVAC Linesets Market – Segmentation
By Material Type
- Copper
- Low Carbon
- Others
By End-User
- Residential
- Commercial
- Industrial
By Implementation
- New Construction
- Retrofit
Global HVAC Linesets Market – Segmentation by Region
North America
- US
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
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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