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Is the hvac industry growing?

The global HVAC systems market size was valued atUSD 130.5 billion in 2019, and is expected to register a CAGR of 6.1% from 2020 to 2027. Is this true? Increasing spending in the construction sector and rising disposable incomes in major economies have led to a rapid increase in the demand for heating, ventilating, and air conditioning (HVAC) equipment.

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