The global heating, ventilation, and air conditioning (HVAC) systems market is entering a period of sustained expansion, propelled by rising demand for energy-efficient climate solutions and supportive regulatory frameworks across multiple regions. Valued at USD 242.87 billion in 2024, the market is projected to grow at a compound annual growth rate (CAGR) of 7.2% from 2025 to 2034, reflecting the convergence of decarbonization initiatives, urban infrastructure development, and technology upgrades in both mature and emerging economies. The regional distribution of this growth underscores how geopolitical policies, trade pa
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