Energy-efficient HVAC Market
Energy-efficient HVAC Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Energy-efficient HVAC Market Size and Growth
The energy-efficient HVAC market is experiencing significant growth, driven by rising consumer demand for sustainable solutions and regulatory mandates. In 2023, the market size is estimated to exceed $15 billion, with a projected CAGR of over 5% through the next five years, reflecting shifting priorities toward energy conservation and cost savings.
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Companies Covered
(Covid 19 Impact Covered)
◍ PHILPS
◍ COOPER
◍ OSRAM
◍ GE Lighting
◍ Warom Technology
◍ Senben
◍ Tormin
◍ Ocean King Lighting
The Energy-efficient HVAC market features key players like Philips, Cooper, and GE Lighting, focusing on innovative technologies to enhance energy efficiency. These companies contribute through advanced products and solutions that reduce energy consumption. For instance, Philips reported sales of approximately $20 billion, while GE Lighting generated around $5 billion.
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