Global Unitary HVAC Systems Market 2017-2021

Overview of the global unitary HVAC systems market

Technavio's research analysis on the global unitary HVAC systems market has identified the rising requirement for energy-efficient cooling and heating systems will be one of the major factors that will have a positive impact on the growth of the market. The rising focus on energy conservation has resulted in high demand for unitary HVAC systems around the world. Both residential and commercial end-users mainly use energy-efficient HVAC equipment to lower their energy costs. Moreover, these energy-efficient HVAC systems allow the end-users to reach the goals charted in Building plans. Also, the energy-efficient HVAC systems allow tracking and controlling of these systems as they are equipped with latest technologies and innovations in remote monitoring. This will lead to the growth of the energy-efficient HVAC equipment market. The need to achieve higher energy efficiency and the presence of newer technological advancements has raised sales of unitary HVAC systems among commercial and residential users during the forecast period. Our market research analysts predict that this market will grow at a CAGR of close to 7% by 2021.

The introduction of building automation systems (BAS) is one of the key trends that will contribute to the market growth in the forthcoming years. Building automation systems or BAS control and monitoring HVAC systems equipped in a building are fitted with computing and digital communication tools that enable them to improve the energy efficiency levels. BAS is gaining wide popularity as it can improve the interaction and operability between the HVAC, lighting, fire, and security control systems of a building.

Competitive landscape and key vendors