HVAC Equipment Market Valuation US $155.1 Bn by 2022 Driven by Technological Developments
The global market for HVAC equipment is driven by technological developments, stringent government regulations, increased demand from the commercial sector, rising consumer expectations, climate variations, and strong demand from Asia Pacific. On the other hand, the HVAC equipment market is faced by a major challenge – increased energy consumption. However, ongoing trends such as smart homes, green technologies, and energy-efficient systems are anticipated to present several opportunities for growth over the next seven years.
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