Europe HVAC Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2Posted by Statzy Market Research on April 24th, 2021 In residential, industrial, or commercial building spaces, heating or cooling is implemented by heating, ventilation, and air conditioning (HVAC) equipment. It also provides fresh outdoor air to eliminate inner airborne contaminants, such as VOCs and odors, emitted from interior fittings or various cleaning chemicals. Major factors driving the market for Europe HVAC equipment include an increase in new households, rising average construction spending, rising government spending on sustainable building development, rapid urbanization, and growth in disposable income across several European economies. - In line with European commitments toward an increase of energy efficiency, by 20%, by 2020, over the past decade, the United Kingdom and France have developed a massive regulatory framework and binding targets for the industry, transport, and building sectors. - For instance, Smart Buildings Alliance (SBA), an association in France, aims to promote the smart building industry in smart cities. The alliance has combined the 170 organizations from different trades, related to the construction industry (industrial companies, service companies, builders, developers, design offices, architects, developers, and innovative startups). - In Germany, the government is actively promoting the fast development and integration of renewable and efficient heating and cooling technologies, through new laws and attractive incentives. - This promotion has led to a significant market shift in Germany, with the heating and cooling industry growing partly due to this. The number of renewables and efficient technologies (such as CHP, solar thermal, heat pumps, condensing heating boilers, and pellet heating systems) has grown enormously. - Due to this shift, the research and development in efficient and energy-saving heating technologies are highly concentrated in Germany. Additionally, the German government intends to reduce the CO2 emissions, by 270 million metric tons, by 2020 and promote the consumption of energy produced from renewable sources. - At the time of the COVID-19 pandemic, REHVA (Federation of European Heating, Ventilation, and Air Conditioning Associations) has released some guidelines related to HVAC equipment manufacturers. These guidelines aim to offer HVAC professionals and facility managers with information on how to operate and use building and construction services in areas with significant Coronavirus cases. These guidelines will help to prevent the spread of the COVID-19 depending on HVAC or plumbing systems related factors. - With the increasing cases of the Coronavirus in the United Kingdom, vehicle manufacturers are also focusing on the adoption of UV LED lights for killing pathogens in the HVAC system. For instance, in April 2020, Jaguar Land Rover Automotive PLC, the holding company of Jaguar Land Rover Limited, a British multinational automotive company, is working on adding a specialized ultraviolet (UV-C) light sanitizing unit as a part of future models’ HVAC systems. Free Sample report for this report is available :- https://www.statzyreports.com/report/sr496796/europe-hvac-equipment-market - With the increasing level of pollutants in the air, there is an increased focus on methods focused on air purification. As the HVAC system consists of a wide range of air quality solutions, including humidifiers, ventilators, ultraviolet lamps, air filters, and monitors, it is gaining immense popularity. It is expected to observe considerable growth in the forecast period. As part of the home heating and cooling solution, they can also help reduce or eliminate many allergens and harmful air pollutants. - The increasing initiatives of sustainable building development in Europe are further creating opportunities for the HVAC equipment manufacturers in the region. For instance, in December 2019, major European cities and companies pledged to slash CO2 emissions from their buildings to net zero. As a part of the agreement, Helsinki and Valladolid have signed the World Green Building Council’s Net Zero Carbon Buildings Commitment with major construction sector players like BuroHappold, Deerns, Carbon Credentials, Grimshaw Architects, etc. - In recent years, the UK ventilation and air conditioning market have benefited from growing health, safety, and energy efficiency legislation, revised building regulations, and environmental legislation. - The uncertainty in the market after Brexit, however, has acted as a barrier to the adoption of large-scale projects in the United Kingdom, especially in London. The UK government has also been actively participating in reducing the effects of climate change. This is expected to impact the adoption of HVAC systems, thereby affecting the growth of the services market. - As domestic heating contributes to emissions, over EUR 2.5 billion of government funding is to be invested in low carbon innovation, from 2015-2021. There is part of new measures to make the United Kingdom the world leader in green finance, as part of its industrial strategy, which is expected to aid the market. - Furthermore, in June 2020, a set of new consultations have been launched to steer future UK policy on training and qualifications standards required to support the use of lower-carbon heat solutions at a national level. The Chartered Institute of Plumbing and Heating Engineering (CIPHE) is carrying out consultations with installers and industry figures to get their views on proposals for the core competencies industry will need to provide low-temperature heating and hot water systems. These initiatives in the country will boost the growth of the HVAC equipment market in the coming years. - In June 2020, Toshiba entered into a partnership with BL Refrigeration & Air Conditioning to lead a series of Continuous Professional Development (CPD) courses for building engineers at Queen’s University, Northern Ireland. The CPD program began before the Covid-19 outbreak and is now offered via online group video platforms. This program will help the building engineers to better plan for HVAC equipment at the sustainable development scenario. For sample report please visit : https://www.statzyreports.com/report/sr496796/europe-hvac-equipment-market Like it? Share it! More by this author |