The global HVAC systems market size is anticipated to reach USD 382.66 billion by 2030, according to a new study by Grand View Research Inc. The market is expected to expand at a CAGR of 7.4% from 2024 to 2030. The rising adoption of energy-efficient and renewable energy products is anticipated to be a significant driving factor for HVAC demand. Demand for eco-friendly systems, and...
Heat exchangers are thermal devices that transfer heat from one fluid to another at different temperatures. They find extensive use in air conditioners, refrigeration systems, and power plants to effectively and efficiently transfer heat. The efficient heat transfer capabilities along with compact size and minimal maintenance requirements have augmented the adoption of heat exchangers across...
The global HVAC systems market size was estimated at USD 233.55 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030. The market growth is driven by the rising need for cost-effective and energy-efficient space cooling and heating applications in the commercial and industrial sectors. Furthermore, rising demand for the high seasonal...
The industrial cooling systems market involve a wide range of products such as evaporative cooling systems, air cooling systems, hybrid cooling systems and water cooling towers that help remove excess heat from industrial machinery, data centers, and various manufacturing plants. These systems play a vital role in various end-use industries such as power generation, chemical &...
The South Africa HVAC Market Size is Anticipated to Reach USD 1.89 Billion by 2033, growing at a CAGR of 5.47% from 2023 to 2033.
The South Africa HVAC (Heating, Ventilation, and Air Conditioning) market in is experiencing robust growth, driven by the increasing demand for energy-efficient and smart systems. This article explores the key trends, driving and restraining factors, market...
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