News Contact Us

HVAC Centrifugal Compressor Market Share | Industry Developments, Outlook, Current Trends by 2024

Author : Rahul Varpe | Published Date : 2020-08-24 

The HVAC centrifugal compressor market is predicted to register noteworthy growth over the forthcoming years on account of proliferating demand for efficient cooling and heating systems. Centrifugal compressors play a vital role in a wide variety of applications such as pipeline transport of natural gas and vapor compression refrigeration.

Growing inclination towards sustainable and energy-efficient products that have low running costs could hugely benefit the industry landscape. Additionally, supportive federal initiatives to promote renewable energy could massively enhance product demand. These systems help in reducing energy wastage, further benefiting customers in cost savings.

Rising imposition of stern guidelines by local agencies over product manufacturing to curb carbon emissions according to Kyoto Protocol could stimulate the demand for HVAC centrifugal compressors. Lately, several countries have begun to offer financial support in the form of subsidies. These subsidies on heating and cooling systems could broaden the horizon for energy efficient products in the future.

Request a sample copy of this research report: https://www.decresearch.com/request-sample/detail/2405

How will rapid infrastructural developments augment UAE HVAC centrifugal compressor market?

Increasing number of commercial projects across Dubai might boost the demand for HVAC centrifugal compressors. The introduction of Big 5 Dubai project accelerated the demand for HVAC machinery, allowing the HVAC sector to generate USD 1.5 billion in 2016.

Evidently, the entire contract value of this urban development and upgradation project in Dubai, which will run on compressor technology, is estimated to cross USD 59 billion by 2021. Additionally, the introduction of prominent government initiatives such as UAE Vision 2021 and Dubai 2021 Smart City Plan could further strengthen regional business outlook.

What are the benefits of heat pumps?

Growing concerns over carbon emissions and greenhouse gases could boost the demand for standardized heat pump systems. Earlier in 2016, the heat pump market was valued over USD 345 thousand.

Factors like the product’s remarkable properties such as precise pressure control and improved vapor compression technology could play a significant role in making the system more energy efficient. Meanwhile, growing adoption of heat pumps over conventional heating systems like furnaces, boilers, fireplaces, and gas-fired heaters could broaden the business horizon for HVAC centrifugal compressors.

Request for customization: http://decresearch.com/roc/2405

Which business strategies are favorable for HVAC centrifugal compressor companies?

The HVAC centrifugal compressor industry is mainly dominated by international manufacturers like Mitsubishi Heavy Industries, SKF, Hitachi, Atlas Copco, and Danfoss. These companies are implementing innovative business strategies like signing strategic collaboration deals and acquisitions to maintain their market dominance.

For instance, Danfoss modernized office building spaces at the Katowice Business Centre with its hydronic balancing solutions. Reportedly, the company offered its AB-QM balancing and control valves along with its revolutionary NovoCon® actuators. Meanwhile, other prominent participants include GFA, Elliott Group, Howden Group, Celeroton, and Ingersoll Rand.



About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. [email protected] | https://twitter.com/varperahul

Related News

Commercial Satellite Launch Service Market Size Overview and Share Forecasted to 2026

Published Date: 2020-09-21         Author: Rahul Varpe

With increasing collaborations between private enterprises and government agencies on space missions, commercial satellite launch service market is likely to witness a remunerative period of growth in the coming years. Rising smartphone penetration and the subsequently growing demand for better inte... Read More

Aerospace 3D Printing Materials Market | Application and Future Forecast by 2026

Published Date: 2020-09-21         Author: Rahul Varpe

The aerospace 3D printing materials market is poised to accumulate noteworthy gains in coming years owing to the technology's ability to produce aircraft parts and components that are lighter and stronger than the ones manufactured through conventional methods. 3D printing is a process where phy... Read More

Smart Weapons Market: Overview and Share Forecasted to 2026

Published Date: 2020-09-21         Author: Rahul Varpe

The smart weapons market is anticipated to witness significant growth over the coming time period owing to the increasing cross border conflicts and increasing FDI for manufacturing of weapons. Smart weapons usually utilize guidance systems that are dependent upon external assistance, making them di... Read More

© 2020 Fractovia. All Rights Reserved