The global HVAC market is expected to grow by USD 74.02 billion between 2023 and 2027, accelerating at a CAGR of 6.5% during the forecast period



Global HVAC Market 2023-2027 Analyst has been monitoring the HVAC market and it is poised to grow by $74. 02 billion during the period 2023-2027, accelerating at a CAGR of 6.5% during the forecast period.

New York, 12 Dec. 2022 (GLOBE NEWSWIRE) — Announces Release of “Global HVAC Market 2023-2027” Report –
Our HVAC Market report provides holistic analysis, market size and forecast, trends, growth drivers, and challenges, and vendor analysis covering around 25 vendors.
The report offers up-to-date analysis regarding the current global market scenario, latest trends and drivers, and overall market environment. The market is driven by the growth of the construction sector, the growing preference for condensing boilers and the growing demand for renovation and replacement.

The HVAC market is segmented as follows:
By type
• HVAC equipment
• HVAC services

Per end user
• Non-residential
• Residential

By geographical landscape
• Europe
• North America
• Middle East and Africa
• South America

This study identifies the increase in the integration of building automation systems as one of the major reasons for the growth of the HVAC market over the next few years. In addition, the increasing use of renewable energy sources for residential heating and the increasing adoption of smartphones to control HVAC devices will drive significant demand in the market.

The analyst presents a detailed picture of the market through study, synthesis and summation of data from multiple sources by analysis of key parameters. Our HVAC market report covers the following areas:
• Sizing of the HVAC market
• HVAC market forecasts
• Industry analysis of the HVAC market

This robust vendor analysis is designed to help clients improve their position in the market, and in line with this, this report provides detailed analysis of several leading vendors in the HVAC market including Arkema Group, Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., Fujitsu General Ltd., Gree Electric, Haier Smart Home Co. Ltd., Honeywell International Inc., Johnson Controls International Plc, Lennox International Inc., LG Electronics Inc., Melrose Industries Plc, MIDEA Group Co. Ltd. ., Mitsubishi Electric Corp., Paloma Co. Ltd., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd. and Trane Technologies plc. In addition, the HVAC Market analysis report includes insights into upcoming trends and challenges that will influence market growth. It’s about helping businesses strategize and take advantage of all the growth opportunities ahead.
The study was conducted using an objective combination of primary and secondary information, including contributions from key industry participants. The report contains a comprehensive market and vendor landscape in addition to an analysis of major vendors.

The analyst presents a detailed picture of the market through study, synthesis and summation of data from multiple sources through analysis of key parameters such as profit, price, competition and specials. It presents various facets of the market by identifying the major industry influencers. The data presented is comprehensive, reliable and the result of extensive research – both primary and secondary. Technavio’s market research reports provide a comprehensive competitive landscape and in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Read the full report:

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