BIS Research - Emerging Technology Market Intelligence

Growing Construction Sector to Increase the Demands for HVAC Systems

May 30, 2018 6:18:54 AM / by BIS Research posted in Building Technologies & HVAC, Heating Ventilation and Air Conditioning forecast, Heating Ventilation and Air Conditioning Market re, Heating Ventilation and Air Conditioning Market tr, Heating Ventilation and Air Conditioning research, hvac market analysis, hvac market forecast, hvac market growth, hvac market report, hvac market research report, hvac market size, hvac market trends, hvac market, hvac market key player, hvac market share, Global Heating Ventilation and Air Conditioning Ma, Global Heating Ventilation market, Global HVAC Market, Global Air Conditioning Market, global hvac market research report, Global Split Air Conditioners Market

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With the evolution of technology in the last few years, there was a transition from traditional industrial practices to the technologically advanced practices. There was no such technology to control the atmospheric temperature during the seasons’ extreme climate change. This, in turn, elevated the need for the adoption of technologically advanced heating ventilation and air-conditioning (HVAC) systems. HVAC systems are used in various application areas such as residential, commercial, and industrials. According to the latest market intelligence report by BIS Research titled, ‘Global Heating Ventilation and Air Conditioning Market-Analysis and Forecast (2018-2024)’, the market is anticipated to register a CAGR of 2.6% in terms of value during the forecast period. This significant market growth is attributed mainly to the revenue generated from the construction sector from the government as well as from private funded projects.

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