HVAC Systems Market Estimated To Witness A CAGR Of 5.7% During The Forecast Period 2018 - 2025: Grand View Research Inc.
San Francisco, 28 February 2019: The Report HVAC Systems Market Size, Share & Trends Analysis Report By Product (Ventilation, Cooling, Heating), By End Use (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2018 – 2025 The global HVAC Systems Market size is anticipated to reach USD 183.8 billion by 2025, according to a new report by Grand View Research Inc. The market is estimated to witness a CAGR of 5.7% during the forecast period. Growing commercial sector and rapid urbanization across the globe are driving the demand for HVAC equipment. Furthermore, incentives and rebates programs offered by various governments to promote the use of energy-efficient units is anticipated to bolster the HVAC equipment market growth. Moreover, HVAC systems are being integrated with next-generation technologies, such as IoT sensors, remote control systems, and hybrid HVAC units, to provide optimum comfort with reduced energy consumption. This is also anticipated to suppo