Global HVAC Market Growth Projection

The global HVAC market was estimated to be worth $206 billion in 2023 and is projected to grow to $280 billion by 2028, representing a $70 billion increase.

“the global HVAC market—a market that was estimated to be worth $206 billion in 2023 and is poised to grow $70 billion in just a few years, reaching $280 billion by 2028”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.