Emerging Trends for HVAC Systems

The future of the Chinese HVAC (heating, ventilation, and air conditioning) equipment market looks promising, with opportunities in the residential and commercial construction industries. Regulations in China will drive the energy-efficient building market, and will provide growth for the HVAC equipment market in this region.

With this in mind, a report shows that China's HVAC equipment market is expected to reach an estimated $37.3 billion by 2022 and it is forecasted to grow at a CAGR (compound annual growth rate) of 6.5% from 2017 to 2022.

Emerging trends, which have a direct impact on the dynamics of the China HVAC equipment industry, include the increasing use of green HVAC, and increasing use of air purification technology. The room AC segment is expected to show above average growth during the forecast period due to a higher rate of urbanization and a higher demand for energy efficient HVAC equipment.

The rise of this market will bring other opportunities for the construction industry.

Posted: 5/31/2017 12:15:41 PM



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