| Product Code: ETC10610237 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Armenia import trend for HVAC (Heating, Ventilation, and Air Conditioning) equipment in 2024 showed a growth rate of 10.56%, contrasting with a negative Compound Annual Growth Rate (CAGR) of -15.5% from 2020 to 2024. The notable recovery in import momentum from 2023 to 2024 could be attributed to increased demand for HVAC equipment driven by infrastructure development projects and improving economic conditions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Industry Life Cycle |
3.4 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Porter's Five Forces |
3.5 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
3.6 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for energy-efficient HVAC systems in Armenia |
4.2.2 Increasing construction activities and infrastructure development in the country |
4.2.3 Rising awareness about indoor air quality and health concerns among consumers |
4.3 Market Restraints |
4.3.1 High initial costs associated with installing HVAC systems |
4.3.2 Fluctuating raw material prices impacting equipment manufacturing costs |
4.3.3 Lack of skilled professionals for maintenance and servicing of HVAC systems |
5 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Trends |
6 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Types |
6.1 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Equipment Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Equipment Type, 2021 - 2031F |
6.1.3 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Heating Units, 2021 - 2031F |
6.1.4 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Ventilation Units, 2021 - 2031F |
6.1.5 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Air Conditioning Units, 2021 - 2031F |
6.1.6 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Air Purification Units, 2021 - 2031F |
6.2 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Geothermal Systems, 2021 - 2031F |
6.2.3 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Solar HVAC Systems, 2021 - 2031F |
6.2.4 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By VRF Systems, 2021 - 2031F |
6.2.5 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Hybrid HVAC Systems, 2021 - 2031F |
6.3 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.3.3 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Residential, 2021 - 2031F |
6.3.4 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Import-Export Trade Statistics |
7.1 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Export to Major Countries |
7.2 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Imports from Major Countries |
8 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Key Performance Indicators |
8.1 Energy efficiency ratings of HVAC systems installed in Armenia |
8.2 Number of new construction projects incorporating HVAC systems |
8.3 Consumer awareness levels about the importance of indoor air quality |
9 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Opportunity Assessment |
9.1 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
9.2 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market - Competitive Landscape |
10.1 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Revenue Share, By Companies, 2024 |
10.2 Armenia HVAC Heating, Ventilation, and Air Conditioning Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |