Global Hospital HVAC Systems Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Hospital HVAC Systems Market” is an upcoming report by MarketResearch.biz. The global hospital HVAC systems market segmentation allows for deeper understanding and thought, to decisively assess, analyze, and study. Besides revenues for segments, global, regional, and country-wise, market revenue segmentation will be compiled in a scrupulous manner for clear flow and understanding. The analysis will be conducted using expert opinions and inputs, as well as comprehensive primary and secondary research efforts to determine various aspects of the hospital HVAC systems market. The global hospital HVAC systems market report will be segmented on the basis of product, end-use, and region.
HVAC (Heating, Ventilation and Air Conditioning) are devices that are used to control and manipulate the condition of one’s environment. Essentially, HVAC systems adjust temperates and enhance the quality of indoor air by reducing the presence of carbon dioxide, airborne bacteria, moisture, smoke or dust, as well as other gases. HVAC systems primarily operate on the principles of thermodynamics, fluid mechanics and heat transfer.
It is of the utmost importance to control the indoor environment of hospitals owing to the feeble health conditions of patients that reside there. With the rise in geriatric populations and the rampancy of chronic diseases, there has been a subsequent increase in hospitals worldwide and investments as well.
HVAC systems that are employed in hospitals are built according to specifications and standards that have been defined by respective authorities to ensure that an optimum environment is maintained. They not only control the humidity, pressure, air change rate (ACR) and standard temperature but, infection control and therapeutic conditioning of hospitals.
With the introduction of ultra-modern products that are energy-efficient, the need to replace aging systems with these systems is expected to surge the global hospital HVAC systems market. These systems help reduce air pollution and some even operate using natural energy sources (e.g – solar) which in turn, brings down the costs related to electricity. Factors such as these are also expected to fuel the growth of the global hospital HVAC systems market.
In terms of product, the market segmentation is as follows - ventilation, heating, and cooling products. The cooling products segment occupied a major revenue share of the market in 2018. It is projected to expand at a high CAGR over the coming years. The heating segment is also slated to index a higher CAGR as well. This can be attributed to the need for higher temperatures in certain hospital zones, like a burn unit for example.
With respect to end-use, these systems are installed in various healthcare units such as – protective environment rooms, operating rooms, compounding pharmacies, intensive care units (ICUs), airborne infection isolation rooms, and other wards of a hospital. The ICU segment accounted for a considerable portion of the market revenue share in 2018 and is slated to continue to do so in the coming years. The airborne infection isolation rooms segment is also anticipated to witness significant growth due to a rise in the number of infectious diseases spread through viruses and bacteria.
The ‘others’ segment accounted for the largest segment of the market’s share in 2018. It is slated to continue its dominant stance over the foreseeable future.
The Asia Pacific market is slated to index a substantially high CAGR over the forecast period due to rising expenditure on infrastructural development in the regional commercial sector. The Middle East and Africa regions are also expected to experience considerable growth over the forecast tenure owing to a steady rise in temperatures and the ill-effects of climate change.
Global Hospital HVAC Systems Market Segmentation:
Global Hospital HVAC Systems Market Segmentation, by Product:
Global Hospital HVAC Systems Market Segmentation, by End-use:
- Intensive Care Unit (ICU)
- Operating Rooms
- Airborne Infection Isolation Rooms
- Protective Environment Rooms
- Compounding Pharmacies
Global Hospital HVAC Systems Market Segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Panasonic Corporation
- Mitsubishi Electric Corporation
- Fujitsu General Ltd.
- Lennox International Inc.
- Daikin Industries Ltd.
- Carrier Corporation
- Electrolux AB
- Hitachi Ltd.
- Trane Inc.
- Rheem Manufacturing Company
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