HVAC System Market Growth Trends and Future Outlook 2025-2032
Global HVAC System Market was valued nearly US$ 159.36 Bn. in 2024. Global HVAC System Market size is estimated to grow at a CAGR of 5.76% and is expected to reach at US$ 249.44 Bn. by 2032.
The HVAC system market & the HVAC equipment market are inseparably linked. Any variations in equipment demand will have a useful impact on the service sector, as increased demand for new equipment leads to increased installation or retrofitting services. HVAC firms provide a wide range of services to residential & commercial property owners. These services not only focus on enhancing equipment performance, but they also have the potential to lower energy expenses.