As per the recently published report by MarketsandMarkets™, the “HVAC Linset Market by Material (Copper, Low Carbon), End-Use Industry (Residential, Commercial, Industrial), Implementation (New Construction, Retrofit) & Region(NA, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast to 2028″, size is projected to reach USD 13.4 billion by 2028 from USD 9.2 billion in 2023, at a CAGR of 7.9% during the forecast period. Increasing smart home adoption and higher air conditioner demand will propel the HVAC Linset market growth during the forecast period. However, passing cooling & free cooling solutions and adoption of new refrigerants are posing as challenges for the market.
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- 185 Market data Tables
- 57 Figures
- 214 Pages and in-depth TOC on “HVAC Linesets Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
The major Players in cosmetic preservatives Market include Daikin (Japan), Halcor (Greece), Hydro (Norway), KME SE (Germany), Mueller Streamline Co. (US) and others. The growing trend of smart homes and increasing demand for air conditioners are driving the market. These players have adopted various strategies such as mergers & acquisitions, joint ventures, and expansion to strengthen their market position.
Recent Developments in HVAC Linesets Market Industry
- In November 2022, Daikin Industries, Ltd. has decided to establish a new residential air conditioner factory at the Greenland International Industrial Center near Jakarta, Republic of Indonesia. This decision reflects the company’s response to the escalating demand for air conditioners in the Indonesian market.
- In December 2022, Hydro has reached an agreement to acquire Hueck, a provider of aluminium systems and extruded profiles.
- In July 2019, Feinrohren S.p.A. has continued to expand its operations and in 2019, the company inaugurated a state-of-the-art production plant in Brescia, Italy. This advanced facility utilizes the best production technologies available to manufacture high-quality copper tubes.
- In November 2022, the establishment of DiversiTech Europe has been announced through a merger involving several entities. These include Artiplastic of Milan, Castel Engineering of Belgium, and Rodigas of Padua, Italy, alongside the existing DiversiTech/Pump House business in the United Kingdom. This strategic merger will result in the creation of a unified European manufacturer and supplier, catering to the parts and accessories segment of the HVACR industry.
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Based on material type, the copper segment is expected to lead the market in terms of value in 2023, Its adherence to ASTM standards, exceptional versatility, and requisite high purity (99.9%) underscores its superiority. Copper tubes, available in soft and hard variants like Types K, L, and ACR, offer customized solutions with both flexibility and stability. Stringent mandates for incising and industry-wide compliance reaffirm copper’s pivotal role in delivering enduring, efficient, and standards-compliant HVAC Linsets for various applications.
Based on end-use industry, the commercial end-use industry boasts the highest HVAC Linset market share, driven by substantial cooling demand in offices, hospitality, supermarkets, banks, and data centers. Utilizing low carbon steel-based Linsets at significant volumes, this sector benefits from expansive building areas, ample free space, and numerous Linset connections. Strong demand for commercial air conditioners, particularly in North America, China, and other key regions, cements the sector’s prominent position.
Based on implementation, the new construction is the largest segment in the market due to its pivotal role in enhancing benefits, comfort, indoor air quality, and energy efficiency through HVAC systems. Tailoring appliances to specific building needs prevents issues like inefficiency or discomfort. Robust growth in emerging regions like APAC, the Middle East, and Africa, fueled by urbanization, economic prosperity, and smart technology investments, propels the demand for advanced HVAC solutions. Additionally, a global push for green buildings emphasizes energy-efficient HVAC Linset, further driving their adoption.
Based on region, North America is the second-largest market for HVAC Linset due to its robust construction industry and prominent tech presence. The US, Canada, and Mexico form its segments, with the US dominating at 66.4% volume share. Established healthcare infrastructure, data centers, and elevated cooling degree days contribute to rising HVAC demand. North America’s resilient industrial recovery and government initiatives indicate positive growth prospects for the region’s HVAC Linset market.
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