(EMAILWIRE.COM, June 29, 2018 ) The ventilation, heating, air-conditioning and commercial refrigeration equipment manufacturing industry include companies offering manufacturing ventilating, heating, air-conditioning, and commercial and industrial refrigeration and freezer equipment. HVAC system consist of interconnected mechanical systems that provide thermal comfort and air quality in an indoor facility.

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The market is valued at $287 billion in 2017 because of the large number of industries, data centres, and offices, demanding large-scale ventilation and heating systems.
The ventilation, heating, air-conditioning and commercial refrigeration equipment manufacturing market in The Business Research Company’s report is segmented into three segments, namely industrial and commercial fan and blower and air purification equipment manufacturing, heating equipment (except warm air furnaces) manufacturing and air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment manufacturing. While the first segment accounts for close to three-fourth of the market share, the remaining share is attributed to the other segments.

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The USA was the largest country in the ventilation, heating, air-conditioning and commercial refrigeration equipment manufacturing market in 2017, accounting for 15% of the market share. This was mainly due to high demand for ventilation, heating, air-conditioning, and commercial refrigeration equipment by US based manufacturers, hotels, restaurants, and large office spaces in the region. The USA was followed by China and Germany as the next largest countries in the market.
United Technologies Corporation was the largest competitor in the ventilation, heating, air-conditioning and commercial refrigeration equipment manufacturing market, followed by Daikin Industries Ltd and Johnson Controls, Inc. United Technologies Corporation researches, develops, and manufactures high-technology products in numerous areas, including aircraft engines, aerospace systems, HVAC, elevators and escalators, fire and security, building systems, and industrial products, among others. It is headquartered in Farmington, Connecticut, United States and employs around 202,000 people.

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