The Chinese HVAC Equipment Market Is Expected to Reach $37.3 Billion by 2022
According to a new market report published by Lucintel, the future of the Chinese HVAC (heating, ventilation and air conditioning) equipment market looks promising with opportunities in the residential and commercial construction industries. China's HVAC equipment market is expected to reach an estimated $37.3 billion by 2022 and it is forecast to grow at a CAGR of 6.5% from 2017 to 2022. The major drivers of growth are higher rate of building construction and strict regulations regarding energy efficient buildings...
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