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The HVAC for Residential Market size is forecast to increase by USD 42.39 billion, at a CAGR of 8.56% between 2023 and 2028. The residential HVAC market is witnessing growth due to the significant role of the construction industry in driving demand. The rise in commercial and residential buildings boosts the need for HVAC equipment like heating equipment and air conditioners. The APAC region, a major construction market, is expected to lead, driven by infrastructure and real estate developments. Green building trends increase environmental concerns, spurring HVAC demand. Residential heating, ventilation, and air conditioning systems maintain indoor air quality in various buildings. Challenges arise with the shift towards renewable energy sources, potentially impacting the demand for traditional heating equipment and HVAC. However, policy support and technological advancements, such as smart equipment by brands like Hisense, aid efficiency and sustainability goals, reducing greenhouse gas emissions and reliance on non-renewable resources like natural gas and electricity.
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 Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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