HVAC Systems Market Is Expected To Reach USD 197.50 Billion By 2028
San Francisco, 7 May 2021: The Report HVAC Systems Market Size, Share & Trends Analysis Report By Product (Ventilation, Heating, Cooling), By End-use (Residential, Commercial, Industrial), By Region (APAC, North America), And Segment Forecasts, 2021 - 2028 The global HVAC systems market size is anticipated to reach USD 197.50 billion by 2028, registering a CAGR of 5.9% over the forecast period, according to a new study by Grand View Research Inc. The rising adoption of energy-efficient and renewable energy products is anticipated to be a significant driving factor for the market. Furthermore, climate changes have rendered heating and cooling equipment a necessity rather than a luxury. Thus, the deteriorating climate condition is likely to positively influence the market over the forecast period. Proactive government initiatives will emerge as market growth drivers over the forecast period. For instance, under the Taxpayer Relief Act of 2012 (U.S.)-2017, customers can apply fo