Global Non-Volatile Memory Market Research Report: Forecast to 2023
Global HVAC Insulation Market Research Report: Forecast to 2023
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Summary The global HVAC insulation market was analyzed by Market Research Future (MRFR) and it was projected that a decent CAGR of 7.42% will be attained by the market over the forecast period of 2018 to 2023. The valuation of the HVAC insulation market was further stated to surpass its previous valuation of USD 4,317.7 Million in 2016 and is projected to reach USD 7,080.9 Million by 2023. Heating, Ventilation, and Air Conditioning (HVAC) systems are primarily responsible for controlling the ambient environment at all major end-user sectors. HVAC insulation provides an ideal solution for ducts and pipes to transfer energy with negligible losses. HVAC insulation improves the energy efficiency, fire safety, and acoustic performance of a building. The global HVAC insulation market is driven by the growth in the global construction industry and growing demand for energy efficient solutions. However, the market is subjected to witness hindrance due to negligence and reluctance about making buildings energy efficient among the infrastructure developers. The growing FDI inflows in emerging economies led to increase in the production bases across Asia Pacific and other emerging regions. There has been substantial growth in the manufacturing and service industry in emerging economies such as China, India, Indonesia, Thailand, and Brazil. FDI can also help to build the capital base, and know-how is often lacking domestically for large infrastructure or industrial development projects. Emerging economies are presently gaining focus from numerous foreign developers to set up their businesses through FDI incentive schemes, which will indirectly boost the economy of the country and eventually rise in industrialization will take place. The green field FDI is currently boosting the developing economies in all perspectives. Moreover, the current independent initiatives of the Asian countries to boost their economy and the availability of low-cost labor and ample amount of raw material stocks is anticipated to propel industrialization in the region. Hence, it can be concluded that development in the industrial sector of Asia Pacific and other emerging regions will act as an opportunity for HVAC insulation market.
Market Segmentation The global HVAC insulation market has been segmented in terms of type, application, and components. By type, the market segments into phenolic foam, glass wool, Expanded Polystyrene (EPS) foam, stone wool, itrile rubber, Polyisocyanurate (PIR), and others. The glass wool system segment holds the dominant slot in the global HVAC insulation market with a majority of the share percentage. The segment is anticipated to attain a CAGR of 8.17% over the forecast period. Glass wool has a lot of dynamic characteristics, making them the perfect material for insulation. Glass wool comes with active environmental protection, has unmatched lightness, thinner, costeffective, and offers optimal acoustic performance. By component, the market includes ducts, pipes, and others. The pipes segment held the highest position in the global HVAC insulation market back in 2016 with a share of 53.32% and a market valuation of USD 2302.3 Million. The segment is anticipated to grow at a notable pace of 7.80% over the forecast period. By application, the market comprises commercial, residential, and industrial. The commercial segment held 43.16% of the global market back in 2016 to lead the application category. The commercial sector is reportedly seen utilizing HVAC insulation system extensively, thereby becoming one of the biggest consumers of the market.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
HVAC Insulation Market Segmentation
Regional Analysis The global HVAC insulation market is geographically distributed across the following key regions: Asia Pacific, Americas, Europe, and the Middle East & Africa (MEA). The Americas comprising Canada, the US, Brazil, and the Rest of the Americas. Over the years, the construction industry in the region has majorly expanded, thereby increasing the demand for HVAC systems and insulation. The region holds the primal positioning the global HVAC insulation market and is expected to maintain the same in the coming years. The European region holds a considerable share of the global HVAC insulation market to stand out as the secondlargest regional market. The consistent exports of insulation materials from European nations has brought forward a concentration of manufacturers and suppliers in the region. Aside from this, the strong growth noticed in the private construction industry is also expected to propel the demand for the regional market. Asia Pacific stands out to be the fastest growing region in the global HVAC insulation market. The growth of the region can be attributed to the increasing number of construction activities and the heightened level of foreign investments being made to encourage real estate development. The Middle East & Africa region is growing at a significant pace to make a mark in the global HVAC insulation market landscape. This is due to the underdeveloped market areas, developing infrastructure, and consistent increase in demand for HVAC systems. However, on the other hand, limited investments, lack of technological advancements, and high cost of the product can hinder the overall growth of HVAC insulation market.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Competitive Landscape The global HVAC insulation market comprises a host of key players. This includes names like PPG Industries Inc. (U.S.), Armacell International S.A. (Luxembourg), Saint Gobain S.A. (France), Fletcher Insulation Pty Ltd. (Australia), Owen Corning Corporation (U.S.), Rockwool International (Denmark), Knauf Insulation (U.S.), L'ISOLANTE K-FLEX S.p.A. (Italy), Kingspan Group Plc. (Ireland), GlassRock (Egypt), and Kuwait Insulating Material Manufacturing Co. (Kuwait).
Scope of the Report This study provides an overview of the global HVAC Insulation market, tracking two market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for Americas, Europe, Asia Pacific and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global HVAC Insulation market by type, by end-users, and by regions.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.
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Copyright Š 2017 Market Research Future.