According to Frost & Sullivan, the global heating, ventilation, and air conditioning (HVAC) equipment industry is estimated to grow by 7% from $229.85 billion in 2023 to $345.57 billion in 2029. This growth will be driven by megatrends such as major global construction and retrofit activities, the need for energy-efficient systems, an improving regulatory landscape, and smart building integration through HVAC.
Frost & Sullivan’s growth opportunity analysis explores the technology and economic factors driving growth opportunities of HVAC equipment. Assess the revenue and growth potential of the HVAC equipment industry through 2029 and identify new business opportunities for your organization.
Topics discussed include:
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Growth drivers and restraints.
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Revenue forecast and by region, equipment type, and vertical industry.
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Key competitors and competitive environment.
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Growth opportunities and strategic recommendations.
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