International.
The global industrial HVAC market is anticipated to grow at a compound annual growth rate (CAGR) of more than 4% during the forecast period from 2016 to 2020, according to the latest market study published by Technavio, with the manufacturing industry leading the market.
The report classifies the global Industrial HVAC market into the following end-user segments:
• Manufacturing
• Food and beverages
• Pharmaceutical and Biotechnology
• Other
• Manufacturing
Technavio predicts that the global industrial HVAC market for manufacturing will grow at a CAGR of around 4% to reach US$7.92 million by 2020. Chemical, petrochemical, automotive, aerospace, semiconductor, textile, pulp and paper, metal processing, wood processing, and plastic and rubber manufacturers are the end users considered part of the manufacturing industry segment.
• Food and beverages
Most of the demand for HVAC is expected to come from meat processing plants equipped with advanced and energy-efficient air handling units. The air conditioning systems used in meat processing allow cold packaging to be reduced to almost 0 °C, and also disinfect the air, improving plant productivity and product durability.
• Pharmaceutical and Biotechnology
The pharmaceutical industry and biotechnology require a manufacturing environment to ensure hygienic safety. "The industry uses clean rooms or controlled environments for the manufacture of medicines to prevent cross-contamination between two different products or infection by the entry of microbial agents, and to ensure the improvement of product quality. HVAC systems provide a controlled environment for pharmaceutical manufacturing and biotechnology," said Anju Ajaykumar, an analyst at Technavio.
• Other
The other segments include industries such as energy (nuclear power plants) especially mining, poultry, and cement.
