| Label | Residential Construction | Commercial Construction |
|---|---|---|
| 2015 | 115.4 USD Mn | 77.3 USD Mn |
| 2016 | 120.9 USD Mn | 81.3 USD Mn |
| 2017 | 127.3 USD Mn | 85.8 USD Mn |
| 2018 | 133.7 USD Mn | 90.4 USD Mn |
| 2019 | 141.2 USD Mn | 95.8 USD Mn |
| 2020 | 149.3 USD Mn | 101.7 USD Mn |
| 2021 | 158.7 USD Mn | 108.4 USD Mn |
| 2022 | 168.7 USD Mn | 115.6 USD Mn |
| 2023 | 179.3 USD Mn | 123.3 USD Mn |
Data Source: Wantstats Repository
residential construction segment accounted for the larger market share in 2018, this market is expected to reach USD 179.30 Million in 2023 from USD 133.70 Million in 2018. This market is projected to grow at a CAGR of 6.15% during the forecast period from 2019 - 2023. However, commercial construction segment is the fastest growing market, which is expected to grow at a CAGR of 6.51% during the forecast period 2019 - 2023.
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
R&D Director, Seojin
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