HVAC Rental Equipment Market By Type (Air Conditioner, Chiller, Heating Pumps, Radiator, Ventilation, Stoves, and Others), By Application (Commercial, Industrial and Residential) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

HVAC Rental Equipment Market accounted for USD 4.70 Billion in 2020 and is estimated to be USD 7.25 Billion by 2030 and is anticipated to register a CAGR of 4.50%.

Heating, ventilation, and air conditioning (HVAC) are acronyms for heating, ventilation, and air conditioning. HVAC stands for heating and cooling of both residential and commercial buildings, as well as the many systems utilised to move air between indoor and outdoor locations. They're the systems that keep you toasty warm in the winter and cool and refreshing in the summer. They are also the systems that filter and clean indoor air to keep you healthy and maintain comfortable humidity levels. An HVAC system serves a purpose beyond than simply heating or cooling a space. Instead, it improves interior air quality and provides comfort for everyone inside a structure. While HVAC systems come in a variety of shapes and sizes, they all start with the same basic components. First and foremost, there is a source of fresh air intake from the outside or within the residence. Ventilation is the term for this process, which occurs in two ways.

Most homes have natural ventilation, which refers to how air travels in and out through windows, doors, vents, and other openings. This air exchange is required to replenish oxygen while also removing smells, carbon dioxide, and excessive moisture. To move air in and out, mechanical ventilation employs a mechanical system (the V in HVAC). Gaps and crevices in the building, as well as opening and closing doors, provided ample natural ventilation in most homes in the past. Modern architecture, on the other hand, is resulting in homes that are much more tightly sealed, therefore ventilation is becoming a more vital component of residential HVAC systems. The air is drawn into an air handling unit where the job begins when it is brought in. Filters are used to remove dirt, dust, allergies, and other particles from the air.

Rising demand from the food and beverage industry will drive the growth of the Market

One of the primary drivers of this market is the rising demand from the food and beverage industry. The food and beverage business is crucial in expanding economic prospects. Consumption patterns are changing at an increasing rate in the industry. People's rising discretionary incomes, particularly in APAC, are propelling transformation. The most recent market-driven development in Europe is tightening rules on refrigerant use. The rising need for produced refrigerants for use in air conditioners is a big worry in many countries throughout the world. These refrigerants are a major source of greenhouse gas emissions that contribute to global warming. One of the key problems impeding this market's growth is a lack of demand for rental services. One of the major roadblocks to the worldwide HVAC rental market's expansion is that people continue to buy and sell equipment after it has served its intended purpose.

HVAC Rental Equipment Market is segmented based on type, application and region.

On the basis of Type, the HVAC Rental Equipment Market is segmented into Air Conditioner, Chiller, Heating Pumps, Radiator, Ventilation, Stoves, and Others. Based on Application, the target market is segmented into Commercial, Industrial and Residential.

Regional Insights:

On region the HVAC Rental Equipment Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2020, North America dominated the commercial HVAC leasing equipment market, accounting for over 45 percent of total market share. The United States is the primary source of revenue, and the construction industry's rapid expansion, as well as an increase in LEED-certified buildings, will propel the HVAC rental market in the Americas to new heights.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the HVAC Rental Equipment Market report based on type, application and region.

HVAC Rental Equipment Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the HVAC rental equipment market are Aggreko Plc, Ashtead Group Plc, Brookfield Business Partners L.P., Herc Rentals Inc., HVAC RENTALS, Ingersoll Rand Inc, Johnson Controls International Plc, Raytheon Technologies Corp., Reliance Comfort Ltd. Partnership, and United Rentals Inc.

• Aggreko Plc
• Ashtead Group Plc
• Brookfield Business Partners L.P.
• Herc Rentals Inc.
• HVAC RENTALS
• Ingersoll Rand Inc
• Johnson Controls International Plc
• Raytheon Technologies Corp.
• Reliance Comfort Ltd. Partnership
• United Rentals Inc.