Select your language

Commercial HVAC Market to Grow 2.8% Annually for Coming Years

HVAC comercial

International. A recent study estimates that global market revenue for the commercial HVAC sector will grow from $51.7 billion in 2022 to $66.6 billion in 2031 at a CAGR of 2.8%, according to Guidehouse Insights.

The market has grown continuously as heating and cooling technologies advance. Looking ahead, market stakeholders, including manufacturers, engineers, and service providers, have several opportunities for growth.

"There is a huge growth opportunity in this market, including growing demand for heating and cooling in emerging regions and the number of older commercial buildings with outdated HVAC equipment," says Young Hoon Kim, senior research analyst at Guidehouse Insights. "Regardless of the age of a building, inefficient HVAC systems harm the environment, so installing high-efficiency equipment in new construction is ideal."

For its part, the International Energy Agency reports that by 2030, almost 20% of the existing building stock will require renovation to reach zero carbon emissions. Since no solution will suit every region of the world, whether for residential or commercial HVAC, industry stakeholders should consider region-specific solutions. In addition, they must consider multiple sustainable heating and cooling solutions that will adapt to global decarbonization efforts and adapt them to each region and the types of buildings within those regions, according to the report.

Duván Chaverra Agudelo
Duván Chaverra AgudeloEmail: [email protected]
Jefe Editorial de las revistas AVI Latinoamérica, ACR Latinoamérica, Ventas de Seguridad, Zona de Pinturas, Aftermarket Internation, Gerencia de Edificios, TV y Video, y Director Académico en Latin Press, Inc,.
Comunicador Social y Periodista con experiencia de más de 18 años en medios de comunicación. Apasionado por la tecnología y por esta industria.

No comments

• If you're already registered, please log in first. Your email will not be published.

Leave your comment

In reply to Some User
The HVAC/R sector will meet in Panama with ACR Latin America

The HVAC/R sector will meet in Panama with ACR Latin America

Panama. ACR Latin America invites the Panamanian community in the air conditioning and refrigeration sector to an integration night that will take place on April 24 at the Hotel Riu Plaza.

Refrimundo announces the ninth edition of the Refricon 2025 National Air Conditioning Congress

Refrimundo announces the ninth edition of the Refricon 2025 National Air Conditioning Congress

Costa Rica.  Refrimundo announced the ninth edition of the National Congress of the Day of the Technician: Refricon 2025, which will take place next Saturday, May 24, at the Convention Center of...

Smart ventilation allows cruisers to reduce their fuel consumption by up to 10%

Smart ventilation allows cruisers to reduce their fuel consumption by up to 10%

International. Demand-driven technology optimizes energy use in galleys and staterooms on cruise ships. A key improvement in HVAC systems could be setting the course for more efficient and...

Case study: Lagleyze Hospital reinforces the safety of its operating theatres with new air conditioning technology

Case study: Lagleyze Hospital reinforces the safety of its operating theatres with new air conditioning technology

Argentina. The Hospital Oftalmológico Pedro Lagleyze has just incorporated a new air conditioning system that will allow optimal conditions of temperature, humidity and air purity to be maintained...

MAHLE launches bionic radial blower inspired by the penguin: quieter, more efficient and compact

MAHLE launches bionic radial blower inspired by the penguin: quieter, more efficient and compact

International. MAHLE presented an innovation that promises to transform air conditioning systems in the automotive industry: a bionic radial blower that reduces noise by 60% and improves efficiency...

Marcelo Contreras assumes the presidency of the Chilean Chamber of Refrigeration and Air Conditioning

Marcelo Contreras assumes the presidency of the Chilean Chamber of Refrigeration and Air Conditioning

Chile. The Chilean Chamber of Refrigeration and Air Conditioning A.G. announced the appointment of Marcelo Contreras Barrera as its new president for the period 2025-2026.

Siemens appoints Miguel D'Alessio as new CEO in Colombia

Siemens appoints Miguel D'Alessio as new CEO in Colombia

Colombia. Focused on sustainability, industrial digitalization and energy storage, Siemens, a global technology company for the electrification, automation and digitalization of industries and...

Finalists of the CALA AWARDS will travel as guests to RefriAméricas Santo Domingo

Finalists of the CALA AWARDS will travel as guests to RefriAméricas Santo Domingo

Latin America. Applications for the prestigious CALA AWARDS 2025 will be open until May 10. This award, organized by ACR Latin America, is a unique opportunity to highlight the best air conditioning...

Copeland to Showcase Innovative Cold Chain Solutions at Global Cherry Summit 2025

Copeland to Showcase Innovative Cold Chain Solutions at Global Cherry Summit 2025

Chile. Copeland, a global provider of sustainable climate solutions, will participate in the Global Cherry Summit 2025, which will be held on April 22 at the Monticello Conference Center, in San...

Carrier Receives Double Recognition at the 2025 Environment + Energy Leader Awards

Carrier Receives Double Recognition at the 2025 Environment + Energy Leader Awards

United States. The company was awarded in the Energy Innovation and Software Implementation categories for its Abound solutions, which optimize energy consumption in more than 2,500 stores in the...

Free Subscription
Remember Me
SUBSCRIBE TO OUR NEWSLETTER
DO YOU NEED A SERVICE OR PRODUCT QUOTE?
LASTEST INTERVIEWS
SITE SPONSORS










LASTEST NEWSLETTER
Ultimo Info-Boletin