International. A total of $95 billion would be the profits made by the HVAC industry for 2018, according to a market study conducted by the firm Lucintel.
The study indicates that Asia Pacific is currently dominating the demand and commercialization of HVAC equipment, which accounts for more than 50% of the market share.
Additionally, some of the reasons why the sales figures for 2018 are estimated are due to the increase in construction activities as the main driver of growth. Global sales of new homes and buildings have increased, favoring the industry in HVAC sales. The availability of easy financing also supports sales growth.
Likewise, the residential HVAC sector is currently recognized as the fastest growing area of the industry, driven by the increase in residential construction and product penetration.
