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The HVAC market size is estimated to increase by USD 74.02 billion, at a CAGR of 6.5% between 2023 and 2028. The growth rate of the market hinges on various factors, notably the expansion of the construction sector, spurred by urbanization and infrastructure development. Additionally, there is a notable uptick in the preference for boilers, driven by their superior efficiency and environmental benefits. Moreover, the surge in refurbishment and replacement demand, influenced by technological advancements and regulatory requirements, contributes significantly to the demand for industrial HVAC as well as HVAC control systems. These factors collectively shape the trajectory of the HVAC industry, driving innovation and fostering opportunities for stakeholders across the value chain.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by 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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