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The Global HVAC Market is expected to grow by $74.02 bn during 2023-2027, accelerating at a


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Global HVAC Market 2023-2027 The analyst has been monitoring the HVAC market and it is poised to grow by $74. 02 bn during 2023-2027, accelerating at a CAGR of 6. 5% during the forecast period.

New York, Dec. 12, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global HVAC Market 2023-2027” – https://www.reportlinker.com/p04796716/?utm_source=GNW
Our report on the HVAC market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing construction sector, rising preference for condensing boilers, and increasing refurbishment and replacement demand.

The HVAC market is segmented as below:
By Type
• HVAC equipment
• HVAC services

By End-user
• Non-residential
• Residential

By Geographical Landscape
• APAC
• Europe
• North America
• Middle East and Africa
• South America

This study identifies the rise in the incorporation of building automation systems as one of the prime reasons driving the HVAC market growth during the next few years. Also, the increasing use of renewable energy sources for residential heating and the growing adoption of smartphones for controlling HVAC devices will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on HVAC market covers the following areas:
• HVAC market sizing
• HVAC market forecast
• HVAC market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading HVAC market vendors that include Arkema Group, Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., Fujitsu General Ltd., Gree Electric, Haier Smart Home Co. Ltd., Honeywell International Inc., Johnson Controls International Plc, Lennox International Inc., LG Electronics Inc., Melrose Industries Plc, MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Paloma Co. Ltd., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Trane Technologies plc. Also, the HVAC market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research – both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Read the full report: https://www.reportlinker.com/p04796716/?utm_source=GNW

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