Los Angeles, CA -- (SBWire) -- 06/25/2019 --HVAC systems are used for heating, cooling, and air conditioning spaces such as commercial buildings, and industrial facilities. End-users opt for HVAC rental services owing to the cost constraints or short duration requirements.
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 2023.
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.
The global HVAC Rental Equipment market was 990 million US$ in 2018 and is expected to 1800 million US$ by the end of 2025, growing at a CAGR of 7.8% between 2019 and 2025.
This report studies the HVAC Rental Equipment market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of HVAC Rental Equipment in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Aggreko
Ingersoll-Rand
Johnson Controls
United Rentals
UNITED TECHNOLOGIES
By the product type, the market is primarily split into
Heating
Ventilation
Air Conditioning
By the end users/application, this report covers the following segments
Industrial
Commercial
Residential
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HVAC Rental Equipment Market Share, Growth, Size, Trends and Forecast by 2025