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According to the report titled ‘Global HVAC Equipment Market Analysis: Estimation & Forecast (2015–2022)’, the market is expected to generate over $151.43 billion value by 2022 at an estimated CAGR of 5.35% from 2015 to 2022, as per the forecasts of the analysts at BIS Research. The major demand is anticipated from the Americas over the forecasted period, while Asia-Pacific continues to be the principal revenue maker in the global HVAC equipment market. In the global HVAC equipment market, heat pumps and room air conditioners are expected to remain on high demand for various end-use applications including residential, commercial, industrial, and institutional and others.
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