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According to the latest market research study published by P&S Intelligence, the global HVAC market stood at US?$223.7?billion in 2023 and is projected to edge slightly to US?$223.9?billion in 2024, before climbing to US?$319.8?billion by 2030, at a solid 5.4% CAGR between 2024 and 2030.
This robust growth is being driven by several converging factors: rising urbanization and industrialization that spur demand for residential…
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HVAC Market to Surpass $319.8 Billion by 2030, Fueled by Smart and Eco-Friendly Technologies
Georgianna Grumbles
18:20
According to the latest market research study published by P&S Intelligence, the global HVAC market stood at US?$223.7?billion in 2023 and is projected to edge slightly to US?$223.9?billion in 2024, before climbing to US?$319.8?billion by 2030, at a solid 5.4% CAGR between 2024 and 2030. This robust growth is being driven by several converging factors:
