Factors such as the growing construction sector, increasing government initiatives to support the installation of heating, ventilation, and air conditioning (HVAC) systems, rising global surface temperature, and surging demand for energy-efficient systems are expected to drive the growth of the HVAC market at a 4.8% CAGR during the forecast period (2020–2030). According to P&S Intelligence, the market size will increase from $240.8 billion in 2019 to $358.1 billion by 2030. One of the key factors propelling the HVAC market is the growth in the construction sector. As per the World Bank, the industry will witness a year-on-year (Y-o-Y) growth of 4.2% during 2018–2023. This can be due to the expanding tourism industry and major upcoming events, such as the FIFA World Cup 2022. Moreover, the increasing investment in construction projects, such as residential and commercial units, malls, and industrial complexes, in countries including India, China, the U.S., Saudi Arabia, the U.A.E.,...