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HVAC System Revenue by System Type

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HVAC Systems & Hardware in Commercial Buildings Market Data Overview: 3Q 2024

Presentation | 3Q 2024 | PT-3101

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ABI Research forecasts that commercial HVAC hardware revenue will grow from US$161 billion to US$354 billion in 2030 at a CAGR of 11.9%. In 2023, conventional systems contributed to 53% of the HVAC hardware revenue followed by Variable Refrigerant Flow (VRF) systems with 28%.