Commercial HVAC Market Expected To Increase For Several Years

By 2021, the commercial HVAC market is expected to be worth about $12.3 billion, growing 3.3 percent annually from now until then, according to a new study by Cleveland-based research firm The Freedonia Group.

The commercial market makes up 58% of all HVAC equipment sales and will likely remain a larger market than residential due to a few different factors, including the need for multiple HVAC units to effectively cool an entire commercial building.

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