Heating, ventilation, and air conditioning, or HVAC, is a rising business industry. HVAC Services Market is estimated to reach about 367.5 billion U.S. dollars by 2020 with a compound annual growth rate (CAGR) of 3.9% between 2020 and 2030.
One of the leading factors for this increase is the rising population level that is resulting in more construction, thus driving the demand for heating, ventilation, and air conditioning services. In addition, the rising and unpredictable change in climate has caused demand for HVAC services to increase accordingly. Therefore, there is confidence in current HVAC business or starting businesses in this industry.