HVAC Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The previous year's HVAC equipment market value was estimated at USD 135.21 billion. The market is expected to reach USD 195.96 billion while registering a CAGR of 6.75% over the forecast period. HVAC equipment can be applied in a wide range of locations, and building types, such as shopping centers, industrial facilities, warehouses, etc., ensuring that a building has proper climate control with heating and cooling, along with the necessary air pressure and air quality to make the occupants in the building comfortable and safe.
Key HighlightsThe HVAC equipment market is fragmented with the presence of major players like Trane Technologies PLC, Aermec SpA (Giordano Riello International Group SpA), Daikin Industries Ltd, Clivet SpA (Midea Group), Emicon Innovation and Comfort SRL. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook