Global HVAC Market to Increase at 4.34% CAGR to 2022
Key drivers include rising population, revival in the housing markets, increases in income levels in emerging markets
DUBLIN — 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.
Rising population, revival in the housing markets, increases in income levels in emerging markets, development of reliable energy resources, and a growing industrial base are some of the key drivers pushing forward the growth of global HVAC market.