Manufacturing Industry Will Continue to Dominate the Global Industrial HVAC Market
May 9, 2016 | Business WireEstimated reading time: 3 minutes
According to the latest market study released by Technavio, the global industrial heating, ventilation, and air conditioning (HVAC) market is expected to grow at a CAGR of more than 4% during the forecast period.
This research report titled ‘Global Industrial HVAC Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The report categorizes the global industrial HVAC market into the following end-user segments:
- Manufacturing
- Food and beverage
- Pharmaceutical and biotechnology
- Others
The others segment comprises industries such as power (especially in nuclear power plants), mining, poultry, and cement.
Industrial HVAC market by manufacturing industry
Technavio predicts the global industrial HVAC market by manufacturing industry to grow at a CAGR of close to 4% to reach USD 7.92 billion by 2020. Chemical, petrochemical, automotive, aerospace, semiconductor, textile, pulp and paper, metal processing, wood processing, and plastic and rubber manufacturers are the list of end-users considered under the manufacturing industry. Of which, the highest demand for industrial HVAC system is expected to stem from the automotive, paper and pulp, aviation, and textile industry over the next four years.
“The automotive industry is the primary end-user of industrial HVAC. In 2015, the global passenger car sales accounted for 88.86 million units. MNC automobile manufacturers such as Ford, Volkswagen, BMW, Toyota Motors, Honda Motors, Daimler, Fiat, and Tata Motors are making substantial investments in production facilities in developing countries such as India, Thailand, and Mexico. Thus, rising sales, greater demand for automobiles, and increased investment in the automotive industry will spur the need for capacity expansion, creating demand for HVAC systems over the next four years,” says Anju Ajaykumar, a lead analyst at Technavio for unit operations sector.
Global industrial HVAC market by food and beverage industry
The food and beverage industry requires extensive use of hygienic HVAC and effective cooling to ensure optimal processing of highly perishable products. The air quality has a direct impact on the quality and durability of food and beverage. The majority of the demand for HVAC is expected to arise from meat processing plants equipped with advanced and energy-efficient air treatment units. The HVAC systems used in meat processing allow packaging of colds cuts almost at 0°C, and also disinfect the air, thus enhancing plant productivity and product durability.
HVAC systems are primarily used to prevent air contamination in the food packaging industry. The packaged food industry uses a variety of materials such as plastic, glass, paperboard, and aluminum canning for products such as snack items, confectioneries, meat and seafood, fruits, cheese, vegetables, and condiments. The growth of this industry has a direct impact on the HVAC market in the food packaging industry. Therefore, the major demand for industrial HVAC is expected to arise due to growing demand for packaged foods and upgrading of HVAC systems to more energy-efficient systems.
Global Industrial HVAC market by pharmaceutical and biotechnology industry
The pharmaceutical and biotechnology industry requires a hygienic manufacturing environment to ensure safety. “The industry uses cleanrooms or controlled environments to manufacture medicines to prevent cross contamination between two different products or infection from microbial entry and to ensure improvement of product quality. HVAC systems provide a controlled environment for pharmaceutical and biotechnology manufacturing,” says Anju.
About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Suggested Items
Connect the Dots: Designing for Reality—The Pre-Manufacturing Process
05/08/2024 | Matt Stevenson -- Column: Connect the DotsI have been working with Nolan Johnson on a podcast series about designing PCBs for the reality of manufacturing. By sharing lessons learned over a long career in the PCB industry, we hope to shorten learning curves and help designers produce better boards with less hassle and rework. Episode 2 deals with the electronic pre-manufacturing process. Moving from CAD (computer-aided design) to CAM (computer-aided manufacturing) is a key step in PCB manufacturing. CAM turns digital designs into instructions that machines can use to actually build the PCB.
All Flex Solutions Hires Mike Madetzke as Manager of R&D
05/08/2024 | All Flex SolutionsAll Flex Solutions is very pleased to announce that Mike Madetzke has joined their team as their new Manager of Research and Development.
Shane Whiteside of Summit Reflects on Today's PCB Landscape
05/08/2024 | I-Connect007 Editorial TeamSummit Interconnect began as a printed circuit board manufacturing company just eight years ago and has seen impressive growth organically and through acquisition. Summit President and CEO Shane Whiteside takes a few moments to share his thoughts on the growing PCB industry in the United States.
America Projected to Triple Semiconductor Manufacturing Capacity by 2032, the Largest Rate of Growth in the World
05/08/2024 | SIAThe Semiconductor Industry Association (SIA), in partnership with the Boston Consulting Group (BCG), released a report on the global chip supply chain that projects the United States will triple its domestic semiconductor manufacturing capacity from 2022—when the CHIPS and Science Act (CHIPS) was enacted—to 2032.
Coherix Partners with EMU on 'Factory of the Future' Technology Program
05/08/2024 | PRNewswireMichigan-based Coherix is working with Eastern Michigan University (EMU) in Ypsilanti to develop "factory-of-the-future" manufacturing and assembly technology.