The global Chinese HVAC equipment market is projected to reach $78.1 billion by 2028, at a CAGR of 5.8% during 2023-2028. The growth of Chinese HVAC equipment market is driven by higher rate of building construction and strict regulations regarding energy efficient buildings in China to make existing facilities energy efficient.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the Chinese HVAC equipment market by product type (furnace, heat pump, central AC, room AC and others), and end use (residential, office, retail, hospitality, education, healthcare and others)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the Chinese HVAC equipment market?
Q.4 What are some changing demands of customers in the Chinese HVAC equipment market?
Q.5 What are the new developments in the Chinese HVAC equipment market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this Chinese HVAC equipment area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this Chinese HVAC equipment market?
Emerging trends, which have a direct impact on the dynamics of the industry, include the increasing use of green HVAC, and increasing use of air purification technology.
Market Segmentation:
Based on product type, the Chinese HVAC equipment market is segmented into urnace, heat pump, central AC, room AC and others. The room AC segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to a higher rate of urbanization and a higher demand for energy efficient HVAC equipment.
Key Players in the Chinese HVAC equipment market are Gree Electric Appliances, GD Midea, and Haier.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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