Expanding Construction Sector Helping Heating, Ventilation, and Air Conditioning Market Grow
Increasing focus toward the adoption of environment-friendly refrigerants, and overall progress in the construction sector are driving the growth of the hvac market across the globe. The market generated a revenue of $108.1 billion in 2018, and it is expected to advance at a CAGR of 3.9% during the forecast period (2019–2024). Heating, ventilation and air conditioning (HVAC) are standalone or all-in-one equipment used for heating and cooling residential, commercial, and industrial buildings.
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