Heating, ventilation, and air conditioning/refrigeration (HVAC/R) is a mechanical system in a clustered form because they are interconnected and can be operated from a single item and getting used for residential as well as industrial applications. As per the rules prescribed by government for smart home, energy saving, there is an increase in construction and eventually leading to growth in the market of HVAC/R system.
Whereas, it requires technical people to install and fix it is not a cost effective approach. Apart from this, with increasing concern for green building, adoption rate of HVAC systems will increase. As it enables all functions to get controlled by one control unit. Also, increase in number of manufacturing and industrial applications are comparatively high to public buildings which will bring new opportunities in the market in coming years.
The "Global HVAC/R Market Analysis to 2028" is a specialized and in-depth study of the HVAC/R industry with a focus on the global market trend. The report aims to provide an overview of global HVAC/R market with detailed market segmentation by heating equipment, ventilation equipment, air conditioning equipment, components, services, end user and geography. The global HVAC/R market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global HVAC/R market based heating equipment, ventilation equipment, air conditioning equipment, components, services and end user. It also provides market size and forecast till 2028 for overall HVAC/R market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions. Also, key HVAC/R market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are Honeywell International Inc., Johnson Controls, Daikin Industries, Ltd., Mitsubishi Electric Corporation, Carrier Corporation, LG Electronics., Voltas Limited, Dover Corporation, Haier Electronics Group Co. Ltd. and Hitachi Air Conditioning among others.