- September 2019 |
- Electronics Services / Electronics and Semiconductor
Global HVAC Market, by HVAC Type (Heating [Furnaces, Heat Pumps, Boilers], Ventilation [Humidifiers/Dehumidifiers, Air Cleaners, Ventilation Fans], Cooling [Ducted Split/Packaged Unit, Split Units, Chillers]), by End-User (Commercial, Industrial and Residential), By Regions (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2015-2025
Global HVAC Market: Overview
Global HVAC market stood at USD 145 billion in 2018 and is projected to reach USD 183 billion by 2025 with a CAGR of 3.2%. HVAC stands for heating, ventilation, and air conditioning. It is a technology of vehicular and indoor environmental comfort. The goal of HVAC is to provide acceptable indoor air quality and thermal comfort. Further, HVAC systems control the ambient environment (humidity, temperature, air filtering, and airflow). The modern HVAC controls systems work with the programmable controllers and...