Global HVAC Equipment Market Forecast to Reach $155.1 Billion by 2022
Heat pumps and room a/c will dominate; unitary air conditioners will see above average gains
ALBANY, N.Y. — The market for HVAC equipment globally is forecast to reach $155.1 billion by 2022, according to a new report published by Transparency Market Research. The demand for all types of HVAC equipment is expected to increase through 2022; however, sales of heat pumps and room air conditioners are expected to dominate the market through the forecast period.
Demand for unitary air conditioners is also expected to exhibit above average gains globally.