Report Cites Four Factors Driving the Global HVAC Market
Includes increased construction activities, growing replacement demand
LONDON — The global HVAC market is forecast to post a compound annual growth rate (CAGR) of close to 7 percent by 2020, according to the latest report from Technavio. The research study covers the present scenario and growth prospects of the HVAC market from 2016 to 2020.
Technavio’s analysts highlight the following four factors that are contributing to the growth of the market: