MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Frost & Sullivan
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Hong Kong Residential HVAC Equipment Market to be Worth USD 274.7 Million by 2016 Says Frost & Sullivan - The residential heating, ventilation, and cooling (HVAC) equipments market in Hong Kong was not affected by the economic turmoil of 2008-2009 and was considered a stable market as it continued its growth during this period
Hong Kong Residential HVAC Equipment Market to be Worth USD 274.7 Million by 2016 Says Frost & Sullivan

 

NewswireToday - /newswire/ - Singapore, Singapore, 2011/01/18 - The residential heating, ventilation, and cooling (HVAC) equipments market in Hong Kong was not affected by the economic turmoil of 2008-2009 and was considered a stable market as it continued its growth during this period.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction / Architecture / Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Increasingly warm weather due to the impact of global warming has triggered demand for HVAC equipment, particularly air conditioners.

Hong Kong's high population density and pollution levels have risen and it is expected that residents are investing in ventilating equipment to ensure better air quality within their premises. The wide availability of HVAC equipment at retail outlets is another factor driving market momentum.

New analysis from Frost & Sullivan (buildingtechnologies.frost.com), Residential HVAC Equipment Market in Hong Kong, finds that the market earned revenues of over USD 181.8 million in 2009 and estimates this to reach USD 274.7 million by 2016.

"With growing awareness on sustainability among residential building owners and occupants, it is expected that the green HVAC equipment market will gain steady traction in the near future," says Frost & Sullivan's Associate, Janice Wung. "Apart from this, prolific construction activity in the residential building sector will inevitably translate into demand for HVAC equipment."

Although the prospects for the market look bright, there are some challenges restraining its progress. HVAC equipment demand is cyclical in nature and the weather plays an important role in sales fluctuation. The total HVAC residential market is mature and the equipment is fairly standard and has almost become a commodity item. The market does not allow much room for innovation and companies are likely to develop products with similar technologies.

The technologies used by large participants have been easily imitated by small companies. Large participants must intensify R&D activities to distinguish themselves. The market is likely to remain in its mature state until significant innovation leads to product differentiation. The growing penetration of small Chinese residential HVAC companies is another concern for local participants.

"The expanding base of participants and intensifying price competition have contributed to shrinking profit margins," says Wung. "To ensure business progression and to meet consumer demand, participants in this space must develop products that balance both high efficiency and cost effectiveness."

As consciousness of energy efficiency increases among end users in Hong Kong, the demand for HVAC products is bound to escalate.

If you are interested in more information on this study, please send an e-mail to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.

Residential HVAC Equipment Market in Hong Kong is part of the Building Management Technologies Growth Partnership Service program, which also includes research in the following markets: North American HVAC Air Filters Market, U.S. Residential Heating and Air conditioning Equipment Market, and Strategic Analysis of Green HVAC Industry in North America. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction / Architecture / Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Construction / Architecture / Infra articles,
CATCH Visitors via Your Competitors Announcements!


Hong Kong Residential HVAC Equipment Market to be Worth USD 274.7 Million by 2016 Says Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Donna Jeremiah 
603-6204-5832 djeremiah[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Construction / Architecture / Infra via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Construction / Architecture / Infra Most Recent Related Newswires:

VINCI Wins the Railway Equipment and Works Contract for Grand Paris Express West Sector of Line 15 South
Master Builders Solutions® Presents Innovative Solutions as Sponsor of the Most Relevant Admixture Trade Fairs 2020
PCL and AOMS Technologies Partner to Enhance Smart Construction
Balfour Beatty - VINCI Joint Venture is Awarded the Contract for HS2’s Main Civil Engineering Works Packages Lots N1 and N2 in the United Kingdom
CIMIC's UGL Awarded 0m in Rail Contracts in NSW and SA
CIMIC'S CPB Contractors to Deliver Regional Transport Infrastructure in South Australia
VINCI and ParisTech Launch The Lab Recherche Environnement
Master Builders Solutions® Concrete Admixtures Enabling Premium Fairfaced Concrete and Increased Efficiency
HOCHTIEF Joint Venture to Deliver GBP 400 Million London Power Tunnels Project
VINCI Airports Hands Over The Salvador Bahia Airport Upgrade (Brazil)
Insulation Raw Material Neopor® from BASF with Significantly Greater CO2 Savings
Global Spending in Construction to Reach .5 Trillion by 2030 Finds Frost & Sullivan
New Building Constructions and Strict Energy-Use Norms Fuel Demand for Building Automation Systems in Europe Finds Frost & Sullivan
Yardi to Showcase Coworking Trends, Tech Innovations At The Buildings Show and PM Expo
HOCHTIEF Plans Sustainable Corporate Headquarters At Opernplatz

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  TransPerfect

Visit  RightITnow, Inc.





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)