Global HVAC Sector to Reach $95 Billion in 2018
Lucintel Forecasts Growth for HVAC Industry in Next Five Years
Lucintel, a global management and consulting firm, released a competitive analysis of the HVAC industry this March. Forecasts estimate that industry revenue will reach up to $95 billion by 2018. This growth in the market will be attributed to several factors, including increased construction activity and the availability of easy financing.
The report showed that various influencers have the power to change the market as well. For instance, Asia Pacific currently dominates the industry and represents 42% of market shares. Commercial HVAC equipment is a sector that should not be ignored, as it contributes 51% of industry revenue, according the report. To read the full study visit www.lucintel.com.