HVAC Equipment Market Analysis and Forecast 2025 to 2033
The global HVAC Equipment Market is valued at USD 151.9 billion in 2024 and is projected to reach USD 266.3 billion by 2033, expanding at a CAGR of 6.5% over the forecast period. This sustained momentum is fueled by the escalating demand for energy-efficient climate control systems, rapid urban infrastructure development, and heightened emphasis on sustainable, climate-adaptive technologies. As businesses and governments prioritize carbon footprint reduction and smart building solutions, HVAC innovations are becoming integral to long-term operational efficiency and environmental compliance.