Articles Tagged with ''market reports''

The global heat exchangers market was valued $12.61 billion in 2015 and is projected to reach $20.12 billion by 2022, growing at a compound annual growth rate (CAGR) of 6.9 percent from 2016 to 2022, according to Heat Exchangers Market Report published by Allied Market Research. The shell and tube heat exchanger segment held approximately one-fourth of the total market share in 2015.

The HVAC services market is forecast to grow at a compound annual growth rate (CAGR) of 6.62 percent, according to the new report by ReportsnReports.com, Global HVAC Services Market 2017-2021.

The global district cooling (DC) market was valued at $11.19 billion in 2015 and is expected to expand at a compound annual growth rate (CAGR) of 5.1 percent to reach $17.33 billion in 2024, according to a new Transparency Market Research report titled District Cooling Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024.

According to the new market research report, "Building Automation System [BAS] Market - by Communication Technology, Offering, Application, and Region - Global Forecast To 2022," published by MarketsandMarkets, the overall BAS market was valued at $53.66 billion in 2016 and is expected to reach $99.11 billion by 2022, growing at a compound annual growth rate (CAGR) of 10.73 percent between 2017 and 2022.

According to a new market research report, "The Thermal Energy Storage Market, By Technology, Storage Material, Application, End-User, and Region - Global Forecast To 2022," published by MarketsandMarkets, the market is expected to grow from an estimated $3.67 billion in 2017 to $6.20 billion by 2022, registering a compound annual growth rate (CAGR) of 11 percent from 2017 to 2022.

Demand for air source heat pumps is forecast to increase 2.5 percent per year through 2021 to $2.1 billion. Air source heat pumps comprise a significant amount of total heat pump demand, largely due to the easier installation requirements and lower initial costs than geothermal heat pumps. Air source heat pumps also compete more directly with other HVAC equipment and are a viable heating and cooling option in most buildings.