HVAC Equipment Market |2021–2030 | Industry Share & Growth
HVAC Equipment Market The HVAC Equipment Market is expected to reach 149 billion by 2027, growing at a CAGR of 7.5% over the forecast period (2020-2027). The factors driving the growth of HVAC Equipment Market includes growing constructions of Gyms and conference halls, increasing demand for electrical cooling systems, rapid urbanization, and integration of advanced technologies such as Internet of Things (IoT) and Artificial Intelligence with HVAC Equipment. Moreover, the growing emphasis on adopting low-carbon solutions and Government initiatives such as taxes and subsidies on purchasing HVAC equipment, are expected to boost the Global HVAC Equipment Market in the approaching years. Under the Discounted Energy-Efficient air conditioners for households’ program, the Australia's Department of the Environment and Energy focuses on providing discounts between USD 200 TO USD 1,000 to the residents of New South Wales, which will supplement the HVAC Equipment Market Size in Austra...