The HVAC of the Future

HVAC (heating, ventilation, and air conditioning) systems are meant to give comfort—and a new report is pointing to a continued growth and evolution in this market.

New research shows the global HVAC services market will grow by about seven percent from 2017 until 2021.

A big market trend that is contributing to the growth of the market is advanced monitoring systems and intelligent technologies being used in the market. These high-tech systems are going to change how HVAC is installed and maintained in the future.

Still, even with many factors driving growth in the market, there are several challenges. One of the biggest market hurdles for the HVAC services market is a sluggish Chinese economy.

Overall, the market is going to post big gains in both new installations and aftermarket services. These factors will lead to the market’s growth and in turn, will help the construction industry grow along with it.

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