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European HVAC Market to Expand
2017/04/24
Research and Markets has published a report titled ‘Europe HVAC market by product type, by end use sector, by country competition forecast and opportunities, 2012-2022’. The heating, ventilation, and air conditioning (HVAC) market in Europe is projected to exhibit a compound annual growth rate (CAGR) of over 4% over the period spanning 2017-2022. Demand for HVAC systems in Europe is continuously rising thanks to expanding urbanization, growing demand for high-quality energy efficient devices, and enhanced consumer awareness.
 
Over the past few years, HVAC systems have gone through a number of technological transformations, and key players in the European HVAC market are changing their product portfolio accordingly by incorporating the latest technologies. The number of smart homes in Europe is rising, and this trend, in a context of growing construction activities, is expected to drive demand for HVAC systems in Europe over the period spanning 2017-2022.
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