According to an article by Climate Control News, the Australian HVAC market is expected to reach approximately $3 billlion by 2022.
According to Climate Control News, a new report by global market research store, Research and Markets, the Australian HVAC market’s future reach will result by its predicted Compound Annual Growth Rate (CAGR) of nine percent over the next six years.
The article also states that the overall demand for HVAC products in the Australia and New Zealand region are estimated to remain high for various applications and that various government initiatives, environmentally friendly building and growing consumer concerns are driving HVAC manufacturers, developers and system integrators, to establish energy efficient and technologically advanced HVAC equipment.
Climate Control News’ article can be read in full here.
More information on Research and Markets can be found here.