HVAC stands for heating, ventilation and air conditioning / refrigeration. It refers to the systems, machines and technologies used in indoor settings such as homes, offices and hallways, and transportation systemsthat need temperature regulation to improve comfort.
▪ Demand for HVAC equipment heavily depends on the level of construction activity in the residential, commercial and industrial sectors
▪ Energy-efficiency requirements are expected to spark sales, given the inherent cost savings in new generationHVAC equipment
▪ Industry revenue hinges on demand from contractors that install and repair climate-control systems in new constructionand renovationprojects