This market research report presents a comprehensive analysis of the global HVAC rental equipment market by end-user such as industrial sector, commercial sector, and a residential sector. The report also provides a comprehensive analysis of the growth opportunities for companies in this market in regions such as the Americas, APAC, and EMEA.
Overview of the global HVAC rental equipment market
The food and beverages industry highly focus on ensuring uninterrupted production process and food safety. In addition, the quality of food produced directly depends on the quality of air within the facility. This compels foodservice outlets to rely on HVAC equipment to maintain the prescribed temperature levels, humidity, and permissible level of contamination. Consequently, the adoption of HVAC rental equipment is gaining prominence as an emergency backup or a contingency plan to counter seasonal variations in temperatures. Technavio’s market research report identifies the rising demand for HVAC rental equipment from the food and beverages industry to be one of the primary growth drivers for the global HVAC rental equipment market till 2022. Technavio’s market research analysts predict that the market will grow at a CAGR of close to 8% by 2022.
It has been observed that refrigerants are a significant source of greenhouse gases that contribute to global warming. This is encouraging various countries to combat climate change by introducing stringent regulations on refrigerant used in portable air conditioner equipment. This in turn, is resulting in an increased need for energy-efficient HVAC systems and demand for a HAVC replacement from existing end-users. Consequently, the demand for HVAC rental equipment will increase.
The HVAC rental equipment market appears to be concentrated due to the presence of few vendors. This industry research report offers information about the competitive environment among players in this marketspace and offers an analysis of key air conditioning companies and their products. Additionally, our analysts also offer information about key areas the players of the HVAC rental units market currently focus on and strategies they follow to sustain the competition.
This research report provides an analysis of various companies in the market including
- Johnson Controls
- United Rentals
- UNITED TECHNOLOGIES
Segmentation by end-user and analysis of the HVAC rental equipment market
- Industrial sector
- Commercial sector
- Residential sector
The HVAC rental equipment is extensively used for industrial purposes in comparison to residential and commercial use. This will have a positive impact on the HVAC rental units market in the industrial segment.
Segmentation by geography and analysis of the HVAC rental equipment market
In terms of geography, the Americas contributed the majority of share to the HVAC rental equipment market during 2017. The region will continue to lead the HVAC rental units market for the next four years.