Global HVAC Rental Equipment Market Overview
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. The Global HVAC Rental Equipment Market accounted for US$ 4.70 billion in 2020 and is estimated to be US$ 7.25 billion by 2030 and is anticipated to register a CAGR of 4.50%.
Global HVAC Rental Equipment Market Dynamics
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.
Global HVAC Rental Equipment Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The Global HVAC Rental Equipment Market is segmented based on type, application and region.
On the basis of Type, the Global 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 Global 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:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Type- Air Conditioner, Chiller, Heating Pumps, Radiator, Ventilation, Stoves, and Others By Application– Commercial, Industrial and Residential |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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 Global HVAC Rental Equipment Market report based on type, application and region.
Global HVAC Rental Equipment Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global HVAC Rental Equipment Market Key Players
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.
Global HVAC Rental Equipment Market Company Profile
- Aggreko Plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ashtead Group Plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Brookfield Business Partners L.P.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Herc Rentals Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- HVAC RENTALS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ingersoll Rand Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Johnson Controls International Plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- United Rentals Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global HVAC Rental Equipment Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for HVAC Rental Equipment Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global HVAC Rental Equipment Market, By Type, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Air Conditioner
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Chiller
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Heating Pumps
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Radiator
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Ventilation
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Stoves
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global HVAC Rental Equipment Market, By Application, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Commercial
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Industrial
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Residential
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global HVAC Rental Equipment Market, By Region, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Aggreko Plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ashtead Group Plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Brookfield Business Partners L.P.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Herc Rentals Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- HVAC RENTALS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ingersoll Rand Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Johnson Controls International Plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- United Rentals Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
Global HVAC Rental Equipment Market is segmented based on type, application and region.
Rising demand from the food and beverage industry is major factor driving the market.
During the forecast period, North America is expected to dominate the market.
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.