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HVAC Fan & Evaporator Coil Market Share

Report ID: GMI4848
Published Date: Aug 2024
Report Format: PDF

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HVAC Fan & Evaporator Coil Market Share

The global HVAC fan & evaporator coil industry is consolidated, with major regional companies operating on a global scale. Together these companies hold a market share of 20%-25% of the total market. In the global HVAC fan & evaporator coil market, companies generally focus on advancing technology, enhancing energy efficiency, and improving indoor air quality to meet the growing demand for HVAC systems. They emphasize innovation in product design, such as developing quieter, more efficient fans and durable, high-performance evaporator coils. Many of these companies also prioritize sustainability and compliance with stringent environmental regulations by offering eco-friendly and energy-efficient solutions.

HVAC Fan & Evaporator Coil Market Companies

Major players operating in the HVAC fan & evaporator coil industry are:

Carrier Global Corporation
Daikin Industries Ltd.
Danfoss A/S
Fujitsu General Limited
Gree Electric Appliances, Inc.
Hitachi, Ltd.
Johnson Controls International plc
Lennox International Inc.
LG Electronics Inc.
Midea Group Co., Ltd.
Mitsubishi Electric Corporation
Panasonic Corporation
Samsung Electronics Co., Ltd.
Toshiba Carrier Corporation
Trane Technologies plc

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of HVAC fan & evaporator coil reached USD 8.2 billion in 2023 and is likely to grow at a 5.1% CAGR through 2032, due to the rising energy costs, environmental awareness, and strict government regulations.

The fan segment captured a value of USD 5.1 billion in 2023 and will show a 5.3% CAGR through 2032, driven by demand for energy-efficient HVAC systems, rising construction activities, and the need for improved indoor air quality.

Asia Pacific market was worth USD 3.1 billion in 2023 and will experience a CAGR of 5.3% between 2024 and 2032, fueled by rapid urbanization, rising disposable incomes, and a growing demand for energy-efficient systems.

Carrier Global Corporation, Daikin Industries Ltd., Danfoss A/S, Fujitsu General Limited, and Gree Electric Appliances, Inc., among others.