May 2023 - Johnson Controls, the global leader in smart, healthy, and sustainable buildings, has expanded its collection of residential and commercial contractor resources with the new Johnson Controls Ducted Systems (DS) Solutions App. To simplify installation, troubleshooting, and maintenance processes, the App makes it easy for contractors to gain access to information on Commercial and Home Equipment instantly.
August 2023 - With a new high outdoor air system, a light commercial rooftop unit capable of conditioning up to 100% of the outdoor air, the company is expanding its line of WeatherExpert packaged rooftop units. Carrier is an international leader in intelligent solutions for climate and energy, part of a global company called Carrier Global Corporation.
Author Credits: Mohd Shadab, Yashika Karodiwal
Report ID: 5207
Published Date: Sep 01, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing construction activities, rapid IoT transformation in the HVAC sector, and favourable governing authorities are driving the market growth.
The market size of HVAC systems is anticipated to attain a CAGR of 6.6% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Trane Technologies, Carrier Global Corporation, Johnson Controls International, Lennox International Inc., Electrolux, Daikin Industries, Ltd., Toshiba Corporation, Panasonic Corporation, KDDI Corporation, Mitsubishi Electric Corporation, and others.
The residential segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.