Rising Global Temperature Is Augmenting the Growth of Chiller Market
The global chiller market is expected to attain a revenue of $10,880.3 million by 2030, growing from $7,330.7 million in 2019, and is projected to advance at a 5.0% CAGR during the forecast period (2020–2030), according to a report by P&S Intelligence. The increasing global temperature, owing to the surging emission of greenhouse gases from residential, industrial, and transportation sectors, is leading to the rising need for chillers. Moreover, the expanding construction industry and rapid industrialization are also driving the...
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