The Commercial HVAC Market size is estimated at USD 41.79 billion in 2024, and is expected to reach USD 63.70 billion by 2029, growing at a CAGR of 8.80% during the forecast period (2024-2029).
The commercial HVAC market is fragmented, favorably competitive, and has several prominent players. The market players are focusing on expanding their consumer base across foreign countries by leveraging strategic collaborative initiatives to increase their market share and profitability. These enterprises leverage strategic collaborative initiatives to boost their market share and profitability. Companies such as Carrier Corporation, Daikin Industries Ltd, BDR Thermea Group, Lennox International Inc., and Johnson Controls International PLC are significant players in the market.
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