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The Heating, Ventilating, and Air Conditioning Services market size is forecast to increase by USD 28.76 billion, at a CAGR of 7.43% between 2023 and 2028. Market growth hinges on various factors, notably the rapid escalation of surface temperatures due to climate change. This phenomenon spurs a heightened demand for retrofitting solutions in developed nations, driven by the imperative to mitigate environmental impact and comply with sustainability goals. Simultaneously, there is a pressing need across industries to curtail energy consumption and minimize operating expenses. These intertwined factors underscore a pivotal shift towards energy-efficient practices and sustainable infrastructure, including industrial HVAC. The market's trajectory is further driven by regulatory frameworks emphasizing eco-friendly initiatives and technological advancements enabling smarter energy management, including smart city information and communication technologies (ICT) infrastructure. As businesses and governments prioritize environmental responsibility, the market for retrofitting and energy-efficient solutions is expected for substantial growth, aligning with global efforts to combat climate change and promote resource conservation.
Market Forecast 2024-2028
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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