The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The forecasted stable economic growth in many developed and developing countries will drive innovation in HVAC and commercial and industrial refrigeration equipment manufacturing, driving the market during the forecast period.

The global HVAC and commercial and industrial refrigeration equipment market is expected to grow from $441.46 billion in 2022 to $467.36 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The HVAC and commercial and industrial refrigeration equipment market is expected to grow to $568.62 billion in 2027 at a CAGR of 5.0%.

Get A Free Sample On The Global HVAC And Commercial And Industrial Refrigeration Equipment Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2860&type=smp

Global HVAC and commercial and industrial refrigeration equipment Market Segments Include:

• By Type: HVAC Equipment, Commercial And Industrial Refrigeration Equipment
• By Capacity: Small, Medium, Large
• By Application: Food Processing, Beverage Production, Chemicals and Pharmaceuticals, Petrochemicals, Energy, Logistics
• Subsegments Covered: Air-Conditioning Equipment, Warm Air Heating Equipment, Commercial Refrigeration Equipment, Industrial Refrigeration Equipment
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global HVAC and commercial and industrial refrigeration equipment market in 2021.

Major Market Players in the HVAC and commercial and industrial refrigeration equipment market include Johnson Controls International plc, Gree Electric Appliances Inc., Midea Group co Ltd., Hitachi Ltd., Ingersoll-Rand Plc, Danfoss GmbH, Atlas Copco AB, Carrier Corporation.

Geothermal heating and cooling technology are becoming popular because of the surge in demand for energy-efficient HVAC systems. Geothermal HVAC absorbs heat from the facility and transfers it underground, then uses cool ground water to create cool air conditioning in the facility. It consists of an indoor handling unit and a system of pipes underground which requires very low maintenance and lasts longer than traditional HVAC systems. According to the US Department of Energy, geothermal heating and cooling systems are now installed in approximately 50,000 US homes each year.

The HVAC And Commercial And Industrial Refrigeration Equipment Global Market Report 2023  provides a HVAC and commercial and industrial refrigeration equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The HVAC and commercial and industrial refrigeration equipment market forecast analyzes HVAC and commercial and industrial refrigeration equipment market size, HVAC and commercial and industrial refrigeration equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

HVAC and commercial and industrial refrigeration equipment refers to machinery that transfers heat energy from or to products or the building environment in the commercial and industrial refrigeration sector.

Explore Similar Reports From The Business Research Company:

HVAC System Global Market Report 2023

HVAC Filters Global Market Report 2023

Automotive HVAC Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: