Boston, MA -- (SBWIRE) -- 04/10/2017 -- The HVAC aftermarket represents the market for spare parts, accessories, and components related to HVAC systems. The aftermarket also includes replacement, maintenance, and repair services. In terms of geographic segmentation, the Americas accounts for the highest revenue in the global market. This is because the region has a large HVAC installed base. In addition, there are regulatory reforms in the region that are modulating HVAC maintenance procedures and encouraging consumers to adopt energy-efficient and environment-friendly HVAC parts and components. The maintenance and repair service is in tandem with the demand for HVAC components and parts, as all equipment require continuous maintenance.

Get More Details on this Report and a Full Table of Contents at Global HVAC Aftermarket 2017-2021

Technavio's analysts forecast the global HVAC aftermarket to grow at a CAGR of 4.12% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global HVAC aftermarket for 2017-2021. To calculate the market size, the report considers the replacement demand for HVAC components and parts as well as maintenance and repair services.

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global HVAC Aftermarket 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Carrier Corporation
-Daikin Industries
-Ingersoll-Rand
-Johnson Controls

Other prominent vendors

-Nortek
-LG Electronics
-AB Electrolux
-Emerson Electric
-Bosch Thermotechnik
-Fujitsu
-Haier
-Lennox International
-Samsung
-Siemens
-Vaillant Group

Market driver

-Increasing price of HVAC components and parts due to high demand in favorable environment
-For a full, detailed list, view our report

Market challenge

-Capital-intensiveness
-For a full, detailed list, view our report

Market trend

-Rise in incorporation of building automation systems
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Carrier Corporation, Daikin Industries, Ingersoll-Rand, Johnson Controls, Nortek, LG Electronics, AB Electrolux, Emerson Electric, Bosch Thermotechnik, Fujitsu, Haier, Lennox International, Samsung, Siemens, Vaillant Group

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