The global HVAC Linesets market size is likely to attain over USD 12.2 billion by the year 2028. Besides, it is likely to project a CAGR of nearly 10.0% during the forecast years 2021-2028. A line set is simply a pair of copper tubes that connects a condenser to an evaporator. In the case of a mini-split system, the line set connects the indoor and outdoor units together, where the outdoor unit (condenser) supplies the indoor unit (evaporator) with refrigerant. Copper line sets, complete with copper pipes and copper fittings, are the most popular option for air conditioners because of their dependability and their ability to keep refrigerant at the correct temperature. The other material types used are low carbon, aluminum, brass, and yoga tube.
The present and future HVAC Linesets market progress is summarized to conclude the attractiveness of the entire market. Also, prime factors that influence the HVAC Linesets market opportunities during the forecast years. Factors such as the urbanization and increase in residential construction, growing trends of smart homes, increasing demand for air conditioners, and significant growth in number of data centers and their power density are driving the market for HVAC linesets.
However, local cooling solutions and rising environmental concerns are hampering the market growth. Furthermore, rising global temperatures and heat islands and growing income to propel the demand for HVAC systems is likely to provide lucrative development opportunities for the HVAC Linesets market in the forthcoming years.
The report also emphasizes several distinctiveness of the global HVAC Linesets industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the HVAC Linesets industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The HVAC Linesets market has tough competition among the new emerging and pre-established market vendors. Besides, the HVAC Linesets industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
Based on the End-use, the market is segmented into Residential, Commercial, and Industrial. The Commercial segment gathered the major market share in 2020 and it is likely to continue its dominance throughout the forecast years. In the commercial end-use industry, cooling solutions like air conditioners are primarily demanded by offices, the hospitality sector, supermarkets & hypermarkets, banks, and data centers. The commercial end-use segment primarily uses low carbon steel-based line sets and requires very high volumes of the same.
Asia Pacific is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the HVAC Linesets market in this region is mostly ascribed to the high population, increasing industrial growth, and stringent environmental norms. Moreover, the rising number of end-use industries in the region is also leading to innovations and developments in the field of HVAC lineset, thereby fueling the growth of the APAC HVAC lineset market.
The major players of the global HVAC Linesets market are Cambridge-Lee Industries LLC, Cerro Flow Products LLC, Daikin, Diversitech Corporation, Feinrohren S.P.A., Foshan Shunde Lecong Hengxin Copper Tube Factory, Halcor, Hmax, Hydro, Icool Usa, Inc., JMF Company, Klima Industries, KME Se, Kobelco & Materials Copper Tube Co. Ltd., and Linesets Inc. These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and agreements. Renowned companies are offering new and modern HVAC Linesets. Besides, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of HVAC Linesets Market
Type Overview, 2019-2028 (USD Million)
- Low Carbon
End-use Overview, 2019-2028 (USD Million)
- Bakery & Confectionery Products
Implementation Overview, 2019-2028 (USD Million)
- New Construction
Regional Overview, 2019-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America