Residential and commercial sectors, coupled with rising disposable income, are augmenting demand for air conditioners across the globe. Growing acceptance of air conditioners as a utility product, rather than a luxury product, is anticipated to boost growth in the global air conditioners market during the forecast period. HVAC Residential Market
The overall value of the global HVAC equipment market was at $ 91.3 billion in 2013, according to a report by Transparency Market Research. Rising at a positive compound annual growth rate (CAGR) of 6.2 percent between 2014 and 2022, the market is anticipated to reach $ 155.1 billion by the end of the forecast period. HVAC Residential Market
The global hearth market is forecast to grow to $ 18.43 billion by 2022, increasing at a compound annual growth rate (CAGR) of 2.5 percent between 2016 and 2022, according to a report published by MarketsandMarkets. HVAC Residential Market
The market for HVAC equipment globally is forecast to reach $ 155.1 billion by 2022, according to a new report published by Transparency Market Research. The demand for all types of HVAC equipment is expected to increase through 2022; however, sales of heat pumps and room air conditioners are expected to dominate through the forecast period. HVAC Residential Market
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