Global Steam & Air-Conditioning Supply Market Size, Drivers, Trends, Opportunities And Strategies – Includes Steam & Air-Conditioning Supply Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
the higher disposable income, corporate profit, and industrial output, which has resulted in greater demand for air-conditioning and heating, particularly in urban areas are expected to drive innovation in steam & air-conditioning supply manufacturing, thus driving the market during the forecast period.
The global steam & air-conditioning supply market is expected to grow from $96.09 billion in 2022 to $101.59 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The steam and air-conditioning supply market size is expected to grow from $123.22 billion in 2027 at a CAGR of 4.9%.
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Global Steam & Air-Conditioning Supply Market Segments Include:
- By Type: Distribution Of Steam and Heated Air, and Distribution Of Cooled Air
- By Distribution Channel: Multi-Brand Stores, Exclusive Stores, Online, and Other Distribution Channel
- By End User: Residential, Commercial
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global steam & air-conditioning supply market in 2021.
Major Market Players in the steam & air-conditioning supply market include Carrier Corporation, Trane Inc., Daikin Applied Americas Inc., Goodman Manufacturing Company LP, and Rheem Manufacturing Company.
The steam and air-conditioning supply companies are adopting zoned steam and air conditioning systems for their reliable efficiency and low energy consumption. The zoned steam and air conditioning systems heat or cool specific areas by controlling zone halves or zone dampers attached inside the vents or ductwork. The zoned steam and air conditioning system consumes less energy to reach the selected temperature. The sophisticated zone steam and air condition system can be installed in a traditional system to meet the user’s specific needs. According to HVAC.com, these traditional zoning methods can save the user up to 30% on annual energy usage.
The Steam & Air-Conditioning Supply Global Market Report 2023 provides a steam & air-conditioning supply market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The steam & air-conditioning supply market forecast analyzes steam & air-conditioning supply market size, steam & air-conditioning supply market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Steam and air-conditioning supply refer to the production, collection, and distribution of steam and hot water for heating, power, and other purposes. This supply is used to provide steam, heated air, or cooled air. It also helps in the production and distribution of cooled air and production and distribution of chilled water for cooling purposes.
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