Selbyville, Delaware, Nov. 04, 2020 (GLOBE NEWSWIRE) —
Global Market Insights, Inc. has recently added a new report on HVAC fan and evaporator coil market which estimates the global market valuation for HVAC fan and evaporator coil will cross US$ 9.6 billion by 2026. Upgrading lifestyles of the middle-income population is expected to boost the overall market size.HVAC fan and evaporator coil demand in the residential sector will witness a CAGR of 4.5% during the forecast timespan and will reach USD 1.7 billion by 2026. Residential air conditioner systems are portable and smaller compared to commercial and industrial systems due to which coil usage in these systems is limited. However, the rapidly growing construction industry in Asia and the Middle East owing to increasing population and urbanization will provide growth avenues for the product in the residential sector. In addition, the increasing middle-income population will boost the HVAC fan and evaporator coil demand in the region over the forecast period.Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4848HVAC fan coil demand is expected to grow at a healthy rate in the coming years. The expanding commercial construction industry in the Middle East and residential construction in Africa will boost the market growth. Owing to the rapidly growing tourism industry in the Middle East, commercial construction is also growing at an accelerated pace from the past few years. This commercial construction growth will drive product demand in the commercial sector. On the other hand, owing to the rising population and residential construction industry, Africa has been experiencing a healthy growth rate from the past several years. This residential construction growth will drive the fan coil demand in the regional residential sector.Aftermarket was valued at over USD 2 billion in revenue in 2019 and is anticipated to grow at a CAGR of over 4.5% in the coming years. Aftermarket sale is comparatively higher in the commercial and industrial sectors compared to the residential sector. It is easy and less costly to change the entire air conditioning system in the residential sector as they are small and less expensive. However, it very costly to replace the same in the commercial & industrial sectors as the systems used in these sectors are bulky and costly. Majority of the consumers prefer coil instead of the entire system owing to their high prices, leading to a high aftermarket coil in the commercial and industrial sectors. Many multinational giants operating in the industry are emphasizing merger and acquisition strategies to increase their market share. For instance, in March 2013, Zamil Industrial Investment Company, a Saudi Arabia-based company, completed the acquisition of Advantec Coils, which is based in India. The company bought the remaining 70% shares of Advantec as it had already bought 30% shares in 2008. Currently, Advantec is a wholly owned subsidiary of Zamil. This acquisition will help the company to increase its footprint in the Indian market. Other companies working in the industry include Mistcold, Lloyd, Spirotech Heat Exchanger, Markair, Inc., Coilmaster, Yeh Jeh, D.P. Engineers, EVAPCO Alcoil, Inc., Grupporeco, and Ekocoil.Browse key industry insights spread across 250 pages with 202 market data tables & 19 figures & charts from the report, “HVAC Fan and Evaporator Coil Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:https://www.gminsights.com/industry-analysis/hvac-fan-and-evaporator-coil-marketEurope was the major region in the global market and accounted for over 20% share in the overall market share. The regional market is expected to witness steady growth and is likely to grow at a CAGR of over 4% during the projected timespan. This growth can be attributed to the early adoption of air conditioning systems in the region. Additionally, increasing inclination toward energy-efficient and environmental-friendly air conditioning systems will fuel product demand in the region.Some major findings of the HVAC fan and evaporator coil market report include:Increasing disposable income coupled with changing lifestyle in emerging economies.Growing demand for advanced air conditioning systems on account of environmental regulations in North America & Europe.High industrialization Europe.OEM will remain the prominent distribution channel over the forecast period.Fan coil demand will grow at a high CAGR compared to an evaporator coil.Request for customization of this research report @ https://www.gminsights.com/roc/4848
Partial chapter from the report table of contents (ToC):Chapter 3 HVAC Fan And Evaporator Coil Industry Insights3.1 Industry segmentation3.2 Industry size and forecast, 2016 – 20263.2.1 COVID-19 impact on industry landscape3.3 Industry ecosystem analysis3.3.1 Profit margin3.3.2 Value addition3.3.3 Distribution channel analysis220.127.116.11 Value chain disruption analysis3.3.4 Vendor matrix18.104.22.168 List of key manufacturers/distributors22.214.171.124 List of key end-users3.4 Innovation & sustainability3.4.1 Patent analysis3.4.2 Technology landscape3.4.3 Future trends3.5 Industry impact forces3.5.1 Growth drivers126.96.36.199 Increasing living standards in emerging economies188.8.131.52 Large HVAC industry in North America & Europe184.108.40.206 Increasing rate of replacement220.127.116.11 Growing industrialization in Asia Pacific3.5.2 Industry pitfalls & challenges18.104.22.168 Growing environmental regulations3.6 Regulatory landscape3.6.1 U.S.3.6.2 China3.6.3 Europe3.7 Growth potential analysis, 20193.8 Regional price trends3.8.1 Cost structure analysis22.214.171.124 R&D cost126.96.36.199 Manufacturing & equipment cost188.8.131.52 Raw material cost184.108.40.206 Distribution cost220.127.116.11 Operating cost18.104.22.168 Miscellaneous cost3.8.2 Price by application3.8.3 Price by industry3.8.4 Price by distribution3.9 Competitive landscape, 20193.9.1 Top player overview3.9.2 Brand analysis3.9.3 Key stakeholders3.9.4 Strategic dashboard3.10 Porter’s analysis3.10.1 Supplier industry3.10.2 Buyer industry3.10.3 Threat of new entrants3.10.4 Threat of substitutes3.10.5 Industry rivalry3.11 PESTEL analysis3.12 COVID-19 impact on HVAC industry by region3.12.1 North America3.12.2 Europe3.12.3 Asia Pacific3.12.4 Latin America3.12.5 Middle East & AfricaBrowse complete reports table of contents (ToC): https://www.gminsights.com/toc/detail/hvac-fan-and-evaporator-coil-marketAbout Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision-making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.Contact Us:
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Selbyville, Delaware, Nov. 04, 2020 (GLOBE NEWSWIRE) —