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Global HVAC Controls Market Report 2020-2025: Consolidating Trend of Smart Homes, Accelerated Further by COVID-19 - ResearchAndMarkets.com
December 23, 2020 GMT
DUBLIN (BUSINESS WIRE) Dec 23, 2020
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The global HVAC controls market is expected to grow at a CAGR of 10.5% from 2020 to 2025, reaching USD 24.4 billion by 2025 from USD 14.8 billion in 2020.
The demand for HVAC equipment is increasing owing to the boom in the construction sector on a global scale. Rapid urbanization in developing countries, especially in APAC, has created a huge demand for HVAC equipment. New constructions are proactively incorporating smart systems and automation systems in their architecture. For instance, upcoming projects in India related to smart cities, bullet trains, and infrastructural development are fueling the demand for HVAC equipment, and, in turn, the demand for HVAC controls.
Global HVAC Controls Market Report 2020-2025: Consolidating Trend of Smart Homes, Accelerated Further by COVID-19 - ResearchAndMarkets.com
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The global HVAC controls market is expected to grow at a CAGR of 10.5% from 2020 to 2025, reaching USD 24.4 billion by 2025 from USD 14.8 billion in 2020.
The demand for HVAC equipment is increasing owing to the boom in the construction sector on a global scale. Rapid urbanization in developing countries, especially in APAC, has created a huge demand for HVAC equipment. New constructions are proactively incorporating smart systems and automation systems in their architecture. For instance, upcoming projects in India related to smart cities, bullet trains, and infrastructural development are fueling the demand for HVAC equipment, and, in turn, the demand for HVAC controls.