Commercial HVAC Market to Grow by USD 25.3 Million from 2024-2028, Driven by Increasing Data Centers; AI Impact on Market Trends - Technavio

Barchart · 5d ago

NEW YORK, Sept. 27, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The Global Commercial HVAC Market size is estimated to grow by USD 25.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.37% during the forecast period. rising number of data centers is driving market growth, with a trend towards emerging smart and connected HVAC. However, high market competition poses a challenge - Key market players include Arkema Group, Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., Fujitsu Ltd., Gree Electric Appliances Inc. Of Zhuhai, Haier Smart Home Co. Ltd., Honeywell International Inc., Johnson Controls International Plc., Lennox International Inc., LG Electronics Inc., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Nortek, Panasonic Holdings Corp., Rheem Manufacturing Co., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Trane Technologies plc.

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