Global revenues for commercial energy-efficient HVAC systems expected to reach US$47.5 billion in 2024, says firm

Commercial heating, ventilation, and air conditioning (HVAC) equipment accounts for nearly 40% of total global building energy consumption, while commercial buildings consume about 12% of the world's energy supply. As concerns about the environmental impact of energy generation and uncertainty over future energy prices increase, efficiency improvements in commercial HVAC equipment are becoming more enticing. According to a new report from Navigant Research, global revenues for commercial energy-efficient HVAC systems are expected to increase from US$22.8 billion in 2015 to US$47.5 billion in 2024.

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