This market research study presents a detailed segmentation of the global HVAC rental equipment market by end-user (industrial, commercial, and residential) and by geography (Americas, APAC, and EMEA). The key vendors identified in the market are Aggreko, Carrier Rental Systems, Johnson Controls, Sunbelt Rentals, Trane, and United Rentals.
Outlook of the heating, ventilating, and air conditioning (HVAC) rental equipment market
Extensive research carried out by the analysts at Technavio has shown that the global heating, ventilating, and air conditioning (HVAC) market will grow at a CAGR of nearly 8% during the forecast period. With rental services becoming a preferred solution for organizing events such as the 2016 Brazil Olympics, the market for HVAC rental equipment has a positive outlook during the forecast period. Most event organizers opt for rented air conditioners, air handling units, ventilators, and heating equipment for sports events, recreational events like a circus, or indoor games like ice hockey and badminton. For instance, the Olympics scheduled to start in August 2016 in Rio de Janeiro, Brazil, are expected to drive the HVAC rental market significantly. With the expectations of greater media coverage and presence of a larger technical team with enormous computing capacity, the demand for rented air conditioners is expected to increase significantly, considering Brazil is a tropical country. Moreover, air conditioners will be required in the accommodations of all personnel and the athletes. Also, all facilities will need proper cooling facilities not only for comfort cooling but also primary cooling services for the large numbers of computers and broadcasting equipment. Rental services are the ideal solution for such sporting events as their cooling requirement will change once the event gets over. Therefore, the upcoming Olympic games in Brazil is expected to aid in the growth of this market during the forecast period.
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In this industry report, the analyst has estimated factors such as that increasing integration and adoption of building automation systems to bolster the growth prospects of this market in the predicted period. Building automation system is widely adopted to streamline building systems and achieve optimal efficiency. In 2015, many buildings were integrated with smart building management systems to control and monitor HVAC and other facilities of a building efficiently. The increasing popularity of HVAC system with automated technologies will aid in the growth of the HVAC rental equipment market until the end of 2020.
Segmentation by end-user and analysis of the HVAC rental equipment market
During 2015, the industrial segment dominated this market and accounted for a market share of more than 51%. This segment will continue to be the largest segment and is expected to reach more than USD 2 billion by 2020. Factors such as the increasing demand for HVAC systems from the nuclear power sector and mining sectors spur this market segment’s growth prospects in the coming years. Moreover, stringent regulations from the food and beverage industry will further propel the growth prospects of this segment until the end of 2020.
Geographical segmentation and analysis of the HVAC rental equipment market
During 2015, the Americas dominated the commercial HVAC rental equipment market and accounted for nearly 38% of the market share. The US is the primary revenue generator in the MAericas and the rapid growth of the construction industry and an increase in LEED buildings will impel the growth prospects of the HVAC rental market in the Americas.
Competitive landscape and key vendors
The global HVAC rental equipment market is dominated by international players such as Carrier Rentals Systems and Johnson Controls. Several local players operate out of regional markets such as Cool Breeze Rentals in Australia. However, the local vendors are often unable to face the competition in terms of scale or technically demanding projects. The market competition is expected to intensify during the forecast period with an increase in product extensions, technological innovations, and mergers and acquisitions.
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Key vendors in this market are -
-Carrier Rental Systems
Other prominent vendors analyzed in this market research report are Andrews Sykes Climate Rental, Cool Breeze Rentals, Hertz Equipment Rental, HVAC Rentals, L.M. Temperature Control, Reliance Commercial Solutions, Rental Solutions & Services, and Temp-Air.
Key questions answered in the report include
-What will the market size and the growth rate be in 2020?
-What are the key factors driving the global HVAC rental equipment market?
-What are the key market trends impacting the growth of the global HVAC rental equipment market?
-What are the challenges to market growth?
-Who are the key vendors in the global HVAC rental equipment market?
-What are the market opportunities and threats faced by the vendors in the global HVAC rental equipment market?
-Trending factors influencing the market shares of the Americas, APAC, and EMEA.
-What are the key outcomes of the five forces analysis of the global HVAC rental equipment market?
Table Of Contents – Major Key Points
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market size and forecast
Five forces analysis
PART 06: Market segmentation by end-user
Global HVAC rental equipment market by industrial sector
Global HVAC rental equipment market by commercial sector
Global HVAC rental equipment market by residential sector
PART 07: Geographical segmentation
HVAC rental equipment market in the Americas
HVAC rental equipment market in EMEA
HVAC rental equipment market in APAC
PART 08: Market drivers
Expanding nuclear power sector in China
Growth of data centers
Rental services for events such as 2016 Brazil Olympics
PART 09: Impact of drivers
PART 10: Market challenges
Slow growth in mining industry
Lack of supervision
Low preference for rental services
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