Have you ever wondered how buildings stay cool in the sweltering heat or warm during the freezing winter months, no matter where they are in the world? The answer lies in the fascinating world of Heating, Ventilation, and Air Conditioning (HVAC) systems. These systems are crucial for maintaining comfortable and healthy indoor environments, and their global market is thriving. Let’s dive into the HVAC global market and see what makes it so vital and vibrant.
According to BCC Research Report the demand for Heating, Ventilation and Air Conditioning: Global Markets is expected to grow from $263.6 billion in 2023 and is projected to reach $346.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 5.6% during the forecast period of 2023 to 2028.