Market Overview:
The global HVAC rental equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for HVAC rental equipment from various end-use industries, such as industrial, commercial, and residential. Additionally, the growing awareness about energy efficiency and its benefits is also propelling the growth of this market. On the basis of type, heating accounted for a major share of the global HVAC rental equipment market in 2017.
Product Definition:
HVAC rental equipment is machinery used to control the temperature and humidity of a building's air. It is important for businesses to have access to this type of equipment, especially if their HVAC system is not functioning properly.
Heating:
Heating, ventilation and air conditioning (HVAC) are the major applications in rental equipment industry. HVAC systems have become an integral part of modern buildings. They provide thermal comfort to occupants by regulating temperature levels inside the building with an aim to maintain a comfortable environment for human beings. Heating is used for providing heat to rooms or spaces in winter season and cooling down the areas in summer season through ventilation which helps reduce humidity levels also known as AC or heating & cooling effect.
Ventilation:
Ventilation is the controlled flow of air in and out of a building. It's used to maintain indoor air quality. Ventilation systems are used for removing unwanted odors, maintaining temperature, reducing humidity levels and filtering airborne particles such as dust mites, smoke particles & other irritants that can cause health problems.
Application Insights:
The industrial application segment accounted for the largest share of over 50.0% in 2017 and is anticipated to witness significant growth over the forecast period. This can be attributed to increasing demand for rental equipment in industries, such as chemical, paper and pulp, food and beverages, mining and minerals processing. Growing demand for rental equipment at construction sites, including heavy machinery rentals or excavation site ventilation systems is also expected to drive the market growth over the forecast period.
Rising consumer awareness regarding energy efficient products coupled with government initiatives promoting green buildings is likely to promote product adoption across residential applications during construction projects or renovation activities of existing structures. In addition, growing urbanization along with changing lifestyle trends towards reduced carbon emissions will further propel market growth across residential applications during refurbishment activities from 2018 to 2030 globally.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of rental companies and high adoption rate for HVAC systems. The region is expected to maintain its dominance over the forecast period as well owing to factors such as growing construction sector, increasing demand for energy-efficient systems, and rising awareness about maintaining home comfort.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period due to rapid urbanization in developing countries such as India and China. In addition, governments are taking initiatives aimed at reducing carbon emission by encouraging energy conservation practices that include indoor air quality improvement through maintenance of proper temperature levels in commercial buildings using HVAC equipment. This factor is also likely to contribute toward regional growth over next seven years.
Growth Factors:
- Increasing demand for rental equipment owing to the growing construction industry
- Proliferation of online rental platforms that offer easy access to a wide range of equipment
- Rising popularity of temporary and mobile HVAC systems for special events and construction projects
- Growing awareness about the benefits of renting HVAC equipment over purchasing them outright
- Increasing investments in research and development by leading players to introduce new products and services
Scope Of The Report
Report Attributes
Report Details
Report Title
HVAC Rental Equipment Market Research Report
By Type
Heating, Ventilation, Air Conditioning
By Application
Industrial, Commercial, Residential
By Companies
Aggreko, Ingersoll-Rand, Johnson Controls, United Rentals, UNITED TECHNOLOGIES, Aggreko
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global HVAC Rental Equipment Market Report Segments:
The global HVAC Rental Equipment market is segmented on the basis of:
Types
Heating, Ventilation, Air Conditioning
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Commercial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aggreko
- Ingersoll-Rand
- Johnson Controls
- United Rentals
- UNITED TECHNOLOGIES
- Aggreko
Highlights of The HVAC Rental Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Heating
- Ventilation
- Air Conditioning
- By Application:
- Industrial
- Commercial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the HVAC Rental Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
HVAC rental equipment is a specialized type of machinery that is used to maintain the temperature and humidity levels in an indoor space. This equipment can be used for a variety of purposes, such as cooling or heating an area.
Some of the major players in the hvac rental equipment market are Aggreko, Ingersoll-Rand, Johnson Controls, United Rentals, UNITED TECHNOLOGIES, Aggreko.
The hvac rental equipment market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HVAC Rental Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 HVAC Rental Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HVAC Rental Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the HVAC Rental Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global HVAC Rental Equipment Market Size & Forecast, 2018-2028
4.5.1 HVAC Rental Equipment Market Size and Y-o-Y Growth
4.5.2 HVAC Rental Equipment Market Absolute $ Opportunity
Chapter 5 Global HVAC Rental Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 HVAC Rental Equipment Market Size Forecast by Type
5.2.1 Heating
5.2.2 Ventilation
5.2.3 Air Conditioning
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global HVAC Rental Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 HVAC Rental Equipment Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HVAC Rental Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 HVAC Rental Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America HVAC Rental Equipment Analysis and Forecast
9.1 Introduction
9.2 North America HVAC Rental Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America HVAC Rental Equipment Market Size Forecast by Type
9.6.1 Heating
9.6.2 Ventilation
9.6.3 Air Conditioning
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America HVAC Rental Equipment Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe HVAC Rental Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe HVAC Rental Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe HVAC Rental Equipment Market Size Forecast by Type
10.6.1 Heating
10.6.2 Ventilation
10.6.3 Air Conditioning
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe HVAC Rental Equipment Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific HVAC Rental Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific HVAC Rental Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific HVAC Rental Equipment Market Size Forecast by Type
11.6.1 Heating
11.6.2 Ventilation
11.6.3 Air Conditioning
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific HVAC Rental Equipment Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America HVAC Rental Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America HVAC Rental Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America HVAC Rental Equipment Market Size Forecast by Type
12.6.1 Heating
12.6.2 Ventilation
12.6.3 Air Conditioning
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America HVAC Rental Equipment Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) HVAC Rental Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) HVAC Rental Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) HVAC Rental Equipment Market Size Forecast by Type
13.6.1 Heating
13.6.2 Ventilation
13.6.3 Air Conditioning
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) HVAC Rental Equipment Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 HVAC Rental Equipment Market: Competitive Dashboard
14.2 Global HVAC Rental Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aggreko
14.3.2 Ingersoll-Rand
14.3.3 Johnson Controls
14.3.4 United Rentals
14.3.5 UNITED TECHNOLOGIES
14.3.6 Aggreko
