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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 of the market is driven by various factors, including the expansion of the construction sector due to urbanization and infrastructure development. Additionally, there is an increasing preference for boilers due to their higher efficiency and environmental benefits. Furthermore, the rise in refurbishment and replacement demand, driven by technological advancements and regulatory requirements, is significantly contributing to the demand for industrial HVAC and HVAC control systems. These factors are collectively shaping the trajectory of the HVAC industry, driving innovation and creating 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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