The commercial HVAC market size is set to witness significant growth in the coming years, according to a recent market analysis. The market size is estimated to expand by USD 24.63 million between 2022 and 2027, with a compound annual growth rate (CAGR) of 4.43%.
Rapid industrialization as well as urbanization and surge in demand of HVAC system globally are expected to fuel the growth of the commercial HVAC market.