HVAC Systems market is valued at USD 178 Billion in 2018 and expected to reach USD 276 Billion by 2025 with the CAGR of 6.5% over the forecast period.Global HVAC Systems Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025- The growth of the global HVAC Systems market is driven by factors such as increasing urbanization, the emergence of energy-efficient HVAC systems and growing demand for safe and secure power supply.What's the Scope of HVAC Systems MarketHeating, ventilation, and air conditioning (HVAC) system is designed to achieve the environmental requirements of the comfort of occupants and a process.
On the basis of country level market of HVAC Systems is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.Maintaining Idle HVAC Systems during the ShutdownNews: - May 13, 2020, During this unprecedented societal shutdown due to COVID-19, many individuals are working from home, so most commercial buildings have either been closed down or are operating with a limited number of occupants.
One of the key drivers of increasing global electricity demand is urbanization.
According to Department of Economic and Social Affairs, 68% of the world population projected to live in urban areas by 2050, says united nation.
Retrofits put off total upgrades and can improve comfort with consistent temperatures and humidity.
According to Smart Grid System Report 2018, U.S. utilities invested approximately USD 144 billion in electricity generation, transmission, and distribution infrastructure in 2016.