With more climate change regulations coming into place, ClimateTech companies will more readily get the green light for their innovative products and solutions. We are entering an era of total HVAC (heating, ventilation and air conditioning) system upgrades.
The North America HVAC system market was valued at almost $44 billion in 2022 and is projected to grow to more than $62 billion by 2029, at a CAGR of 5.2%. Demand will remain high due to climate change with its extreme temperatures, the growing real estate market and businesses aiming to cut costs through energy-efficient equipment. If you are developing an HVAC business, now is your time. Here are just a few market niches that you might be able to fill.
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