Demand for HVAC continues to grow globally

BCC Research estimates the total global market for commercial and residential HVAC (heating, ventilation, and air conditioning) systems at $69.8 billion in 2013 and $75.4 billion in 2014.

This market is expected to reach $116.6 billion by 2019, registering a compound annual growth rate (CAGR) of 9.1% over the next five years.