Billion-Dollar HVAC Equipment Market Analysis through 2023-2027: Key Geographies that Will Drive Growth
Regional Growth Analysis and Market Trends 2023-2027
The HVAC Equipment Market is a billion-dollar industry in the making with a forecasted revenue growth of USD 48.34 Bn. An increasing number of residential and commercial construction activities, the cost advantages associated with renting HVAC equipment, and the increase in demand for centralized HVAC systems are propelling the market advancement.
"As per the prediction, the market will exhibit growth at a CAGR of 6.22% in the next five years."
Key competitors such as Daikin Industries Ltd., Fujitsu Ltd., Haier Smart Home Co. Ltd., Ingersoll Rand Inc, Johnson Controls International Plc, LG Electronics Inc., MIDEA GROUP, Nortek Inc., Robert Bosch GmbH, and Samsung Electronics Co. Ltd. are some of the major market participants and are likely to contribute significantly to the market development phase of HVAC Equipment Market
Snapshot of HVAC Equipment Market Analysis
HVAC Equipment Market: APAC to lead market growth during the forecast period
Technavio's research report analyses the growth trajectory of the market with a purview of prevalent market scenarios, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios. Download our sample report to learn more about the HVAC Equipment Market and discover more insights with data-backed Analysis.
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