Global HVAC Linesets Market is valued approximately at USD 6.5 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10% over the forecast period 2021-2027. In the HVAC market, copper is the most popular material used by wire harness producers. The malleability, flexibility of connection, durability, and 100 percent recyclability of copper wiring harness for use in heating and cooling systems in residential and commercial buildings of all types are just a few of the advantages. Growing demand of smart homes and rise in urbanization. In developed nations, urbanization rates exceed 75%, whereas in developing nations, urbanization is still in its early stages. This is mainly significant in the South Asian, Sub-Saharan African, and Southeast Asian regions, where around half of the population lives in cities. According to the Atlantic Council, India’s population of 1.4 billion people is anticipated to achieve 46% urbanization by 2040. The residential building sector is predicted to develop rapidly in Indonesia, Malaysia, Thailand, the Philippines, Singapore, and Vietnam. Furthermore, Residential building was also one of the key markets in the construction industry of Singapore and the Philippines in 2018, according to the Construction Outlook for Asia. These factors are expected to boost the HVAC industry’s growth in emerging nations, boosting demand for line sets, particularly in the residential and commercial end – use industries. However, Rising environmental concerns, may impede market growth over the forecast period of 2021-2027.
Geographically, The HVAC lineset market is growing at the fastest rate in APAC. High population, expanding industrial expansion, and rigorous environmental regulations are all contributing to the region’s growing demand for HVAC linesets. Furthermore, as the number of end-use industries in the region grows, so does the number of innovations and advances in the field of HVAC lineset, supporting the APAC HVAC lineset market’s growth.
Major market player included in this report are:
Zhejiang Ice Loong Environmental Sci-Tech Co., Ltd
Cerro Flow Products LLC
Mueller Streamline Co.
Zhejiang Hailiang Co., Ltd.
Foshan Shunde Lecong Hengxin Copper Tube Factory
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material Type:
By End use industry:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global HVAC Linesets Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers