The global HVAC systems market is expected to reach $173.16 billion by 2022, increasing at a compound annual growth rate (CAGR) of 5.9 percent between 2016 and 2022, according to a new report published by MarketsandMarkets.
The U.S. residential HVAC market is forecast to see significant growth due to lower unemployment and gas prices, coupled with higher consumer confidence and pent-up demand. The commercial HVAC market is expected to see more steady growth.
The United States is the leader in global imports of commercial and industrial air conditioning, heating, and refrigeration equipment, accounting for a 15 percent share (based on U.S. dollars), according to a new report from IndexBox Marketing.
The global industrial HVAC market is forecast to grow at a compound annual growth rate (CAGR) of more than 4 percent during the forecast period of 2016 to 2020, according to the latest market study released by Technavio, with the manufacturing industry leading the market.
The global HVAC market is forecast to generate over $68.93 billion in value, at an estimated compound annual growth rate (CAGR) of 4.34 percent, from 2016 to 2022, according to a new report available from Research and Markets.
Analysis from Frost & Sullivan finds that the global HVAC equipment market earned revenues of $80.67 billion in 2014 and estimates this to reach $108.93 billion in 2020, despite the market’s maturity. The study covers unitary equipment, applied equipment, chillers, heat pumps, and ductless systems.
The global HVAC market is forecast to grow steadily at a compound annual growth rate (CAGR) of 7 percent from 2016 to 2020, according to a new report available from ReportsnReports. Rapid growth in the construction and real estate markets worldwide is having a positive impact on the HVAC market.
The global HVAC equipment market is positioned for another year of above-average growth, with the fundamentals in place for the United States that are the best in over 10 years, according to a report from Chisult Insight Co. Ltd.
What will be the next step for HVAC contractors as technology continues to drive change? Will an “Uber-like” HVAC contractor service model emerge? Don’t be left behind… and proactively plan for the future.