NEW YORK , Nov. 15, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global hvac system market size is estimated to grow by USD 56.3 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 6.78% during the forecast period. Growing demand for inverter hvac systems is driving market growth, with a trend towards increasing popularity of smart hvac systems.
However, lack of skilled labor poses a challenge.Key market players include Carrier Global Corp., Daikin Industries Ltd.
, Danfoss AS, Emerson Electric Co., Furukawa Electric Co. Ltd.
, GREE Comfort, Haier Smart Home Co. Ltd., Hitachi Ltd.
, Honeywell International Inc., Ingersoll Rand Inc., Johnson Controls International Plc.
, Lennox International Inc., LG Corp., Midea Group Co.
Ltd., Mitsubishi Electric Corp., Nortek, Panasonic Holdings Corp.
, Samsung Electronics Co. Ltd., Trane Technologies Plc, and Whirlpool Corp.
. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Hvac System Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 6.
78% Market growth 2024-2028 USD 56.3 billion Market structure Fragmented YoY growth 2022-2023 (%) 6.2 Regional analysis APAC, Europe, North America, Middle East and Africa, and South America Performing market contribution APAC at 57% Key countries China, US, Japan,.