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HVAC Market: 53% of Growth to Come from APAC, Report on AI-Driven Market Transformation – Technavio

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NEW YORK, Dec. 12, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global HVAC market size is estimated to grow by USD 74.02 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.5% during the forecast period.

For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report

Report Attribute

Details

Base Year

2023

Forecast period

2024-2028

Historic Data for

2018 – 2022

Segments Covered

Type (HVAC equipment and HVAC services), End-user (Non-residential and Residential), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)

Key Companies Covered

ABM Industries Inc., Air Comfort, Alexander Mechanical Inc., Blue Star Ltd., Carrier Global Corp., Daikin Industries Ltd., EMCOR Group Inc., Emerson Electric Co., ENGIE SA, Ferguson plc, Fujitsu Ltd., Ingersoll Rand Inc., J and J Air Conditioning, Johnson Controls International Plc, Lennox International Inc., LG Electronics Inc., Nortek, Samsung Electronics Co. Ltd., Service Logic, Siemens AG, Carrier Corporation; Daikin Industries, Ltd.; Fujitsu; Haier Group; Havells India Ltd.; Hitachi Ltd.; Johnson Controls; LG Electronics; Lennox International Inc.; Mitsubishi Electric Corporation; Rheem Manufacturing Company; SAMSUNG; Trane

Regions Covered

APAC, Europe, North America, Middle East and Africa, and South America

Region Outlook

North AmericaEuropeAsiaRest of World

1. APAC – APAC is estimated to contribute 53%. To the growth of the global market. The HVAC Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. 

The Asia Pacific (APAC) region is the largest market for Heating, Ventilation, and Air Conditioning (HVAC) systems, driven by factors such as population growth, unfavorable climatic conditions, and increasing urbanization. The expanding commercial construction sector, particularly in China and India, is the primary growth driver. Regulations and efficiency norms in these countries, including India and China, will further fuel market expansion during the forecast period. According to World Bank data, the population in APAC countries, including China and India, has grown significantly. For instance, China’s population increased from 1.40 billion in 2017 to 1.42 billion in 2023, and India’s population grew from 1.34 billion in 2017 to 1.38 billion in 2023.

For more insights on APAC’s significant contribution along with the market share of rest of the regions and countries – Download a FREE Sample

Segmentation Overview

Type 1.1 HVAC equipment1.2 HVAC servicesEnd-user 2.1 Non-residential2.2 ResidentialGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

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1.1 Fastest growing segment:

The global HVAC market is experiencing significant growth due to various factors, including the increasing population and industrialization, rising construction expenditure, and increasing sales of commercial and residential buildings. The HVAC market can be segmented into three main categories: air conditioning, heating, and ventilation. In the air conditioning segment, heat pumps, air conditioners (ACs) for rooms, unitary ACs, and other types such as split, chillers, airside, packaged, variable refrigerant flow (VRF), window, and portable ACs are witnessing increased demand in both residential and non-residential buildings. Manufacturers are focusing on developing cost-effective and energy-efficient equipment that meets energy efficiency and green technology regulations. Additionally, there is a growing demand for eco-friendly and sustainable equipment that reduces chlorofluorocarbon (CFC) and hydrofluorocarbon (HFC) emissions. In the heating segment, heating equipment saves up to 80% more energy than fossil fuel-based systems, making it a popular choice worldwide. The extreme climatic conditions in North America and Europe are major drivers for heating equipment. The rise in construction activities and replacement demand in Europe and the Americas, along with increasing construction in developing countries such as China and India, is creating a significant demand for heating equipment. In the ventilation segment, the rise in construction activities in both residential and non-residential segments is driving the growth of the global HVAC market. Ventilation systems help maintain air quality and air temperature indoors by exchanging fresh air. The various types of ventilation equipment include different fans, heat recovery ventilation (HRV) units, and air handling units (AHUs). Fans, such as axial, centrifugal, cross-flow, domestic exhaust, and roof/attic fans, help maintain air circulation and temperature. HRV units swap the heat between inbound and outbound airflow, improving climate control and providing fresh air. AHUs help condition and circulate the air, comprising large metal boxes with blowers, heating or cooling elements, filter racks, sound attenuators, and dampers. In conclusion, the global HVAC market is experiencing growth due to the increasing demand for energy-efficient and eco-friendly equipment in both residential and non-residential sectors. The market can be segmented into air conditioning, heating, and ventilation, with each segment witnessing significant growth due to various factors. Manufacturers are focusing on developing cost-effective and energy-efficient equipment that meets energy efficiency and green technology regulations while reducing CFC and HFC emissions. The rise in construction activities, replacement demand, and extreme climatic conditions are major drivers for the growth of the global HVAC market.

Research Analysis

The HVAC system industry encompasses the design, manufacture, installation, and maintenance of heating, ventilation, and air conditioning systems for residential, commercial, and industrial buildings. HVAC systems provide climate control technologies essential for comfort and indoor air quality, addressing the challenges of climatic changes and energy consumption in the construction sector. Residential, commercial, and industrial buildings all require HVAC systems for heating, cooling, and energy-saving solutions. HVAC regulations, such as the SEER2 regulation and the phase-out of R-22 refrigerant, drive innovation in energy efficiency and the adoption of sustainable and smart HVAC systems, including A2L refrigerant, R-410 refrigerant, condensing boilers, ductless systems, and net-zero buildings. Affordable housing units and smart building solutions are increasingly adopting energy-saving HVAC technologies, reducing overall energy consumption and carbon emissions. Furnace systems, boiler systems, and smart HVAC systems are essential components of these solutions, ensuring comfort and efficiency while minimizing environmental impact. Climate control technologies continue to evolve, with a focus on energy efficiency, sustainability, and cost savings. HVAC systems play a crucial role in creating comfortable living and working environments while addressing the challenges of climatic changes and energy consumption in the construction sector.

Market Overview

The HVAC system industry encompasses the design, production, and installation of heating, ventilation, and air conditioning systems for residential, commercial, and industrial buildings. Climate control technologies have become increasingly important due to climatic changes and energy consumption concerns. The construction sector, population growth, and industrialization are major drivers of the HVAC market. Indoor air quality, energy efficiency, and thermal comfort are key considerations for both residential and commercial HVAC systems. Programmable thermostats, Internet of Things, and smart HVAC systems are gaining popularity for their energy-saving capabilities. VRF systems, heat pumps, air filters, and HEPA filters are essential components of modern HVAC systems. Green buildings and energy efficiency requirements are shaping the industry, with LEED certification and net-zero buildings leading the way. The HVAC market is also influenced by regulations such as SEER2 and the use of energy-saving products like R-410 refrigerant and A2L refrigerant. AI-based automated solutions, sustainable practices, and building codes are modern trends in the industry. The residential segment focuses on affordable housing units, while the commercial HVAC systems cater to commercial infrastructure. Energy-efficient solutions, sustainable practices, and environmental impact are crucial factors in the HVAC industry. HVAC regulations, cooling segment, ductless HVAC systems, and modern building practices are also significant areas of development. ChatGPT model can help answer queries related to HVAC systems, including AC, furnace systems, boiler systems, and ductless mini-split systems. The retrofit segment and real estate market are also influenced by the HVAC industry’s trends and innovations.

Start exploring market insights by Download a FREE Sample Report in minutes!

Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
11.1 Carrier Corporation
11.2 Daikin Industries, Ltd
11.3 Fujitsu
11.4 Haier Group
11.5 Havells India Ltd
11.6 Hitachi Ltd
11.7 Johnson Controls
11.8 LG Electronics
11.9 Lennox International Inc
11.10 Mitsubishi Electric Corporation
11.11 Rheem Manufacturing Company
11.12 SAMSUNG
11.13 Trane
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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BitradeX BXC First Two Subscription Rounds Sell Out, Total Subscriptions Exceed 14M USDT

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May 9, 2026

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LONDON, May 9, 2026 /PRNewswire/ — BitradeX Capital’s ecosystem equity token, BXC, has completed its first and second subscription rounds, selling a total of 50 million BXC with subscriptions exceeding 14 million USDT. The first round sold out in 90 seconds, while the second closed within 48 hours.

While the fundraising size is not unusually large by crypto standards, the structure of the sale has attracted market attention. The first two rounds were not open to the public, but limited to high-tier BitradeX users. The first round was available only to V5 users and above, while the second round expanded access to V3 users and above.

According to BitradeX’s tier system, V3+ users typically have higher recurring investment activity through AiBot, longer platform usage history, and stronger ecosystem participation. This means the early BXC allocation was absorbed mainly by the platform’s internal high-value user base, rather than short-term speculative participants.

This approach differs from many token fundraising campaigns that prioritize broad public participation and market hype. BitradeX instead adopted a more selective, staged model, gradually lowering the participation threshold while keeping the sale within its active ecosystem community.

BXC is positioned as more than a standard platform token. Its value framework is linked to BitradeX Capital’s broader ecosystem, including its exchange business, AiBot quantitative strategies, BTX Card payments, and Labs incubation platform. Public information indicates that BXC holders may receive staking rewards, benefit from ecosystem buybacks and burns, and gain priority access to Launchpad projects and governance participation.

The third subscription round is launched on April 30 at $0.35 USDT per BXC, with a total supply of 100 million BXC. It is now open to users participating in AiBot recurring investment. The fourth round price is expected to rise to $0.45 USDT.

The long-term value of BXC will ultimately depend on the growth of BitradeX’s underlying businesses, including exchange profitability, AiBot user expansion, and BTX Card adoption. However, the rapid sellout of the first two rounds suggests that BitradeX’s core user base has already shown strong confidence in the ecosystem’s future.

View original content:https://www.prnewswire.com/news-releases/bitradex-bxc-first-two-subscription-rounds-sell-out-total-subscriptions-exceed-14m-usdt-302767467.html

SOURCE BitradeX Capital

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South and East Asia identified as hotspots of global warming related impacts on male fertility

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3 hours ago

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May 9, 2026

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BEIJING, May 9, 2026 /PRNewswire/ — A major new study has shown that South and East Asia dominate patterns of global warming related decline in male fertility with the strongest and most consistent evidence coming from India, Pakistan and the southern parts of China.

The effects of increased environmental temperatures on male reproductive health include declining sperm concentration and motility and increased sperm DNA fragmentation, or genetic damage that can hinder fertilisation and embryo development.

Male related factors account for around 50 per cent of infertility cases around the world and the impact of rising ambient heat on semen parameters raises serious implications across wide areas of Asia where total fertility rates are in serious decline.

Outcomes of the study undertaken by the Taiwan IVF Group and Ton Yen General Hospital, Taiwan (China) in collaboration with Stanford University (USA) are being presented at the 2026 Congress of the Asia Pacific Initiative on Reproduction (ASPIRE) in Beijing.

Research principal and Adjunct Clinical Assistant Professor at Stanford University, Dr Jack Yu Jen Huang, MD, PhD, FACOG said: “Given the temperature sensitivity of spermatogenesis, even modest increases in ambient temperature could have cumulative, population-level effects over time.

“As global warming accelerates, male reproductive health may represent an emerging climate sensitive public health concern.”

The testes function optimally at temperatures lower than the internal body heat level, and previous studies have shown elevated scrotal or ambient temperatures can impair sperm production.

The latest research explored global patterns to reveal comparative data across regions. It is based on a systematic review of international studies on temperature exposure and semen parameter trends between 2000 and 2024. Artificial intelligence algorithms and machine learning tools were applied to extract key variables including geographic regions and semen outcomes.

Dr Huang said studies examining occupational heat exposure alone were excluded from the analysis as they reflected localised, job-specific conditions rather than broader climatic trends.

“Our findings therefore represent population level climate associated temperature effects including consistent seasonal variations showing poor semen quality parameters in warmer periods.”

The global patterns on temperature associated lower sperm concentration and motility show South and East Asia as major hot spots of concern followed by the Middle East, Europe and North America.

“South and East Asia are likely more affected due to a combination of factors including higher baseline ambient temperatures and rapid urbanisation that contribute to greater cumulative heat stress on spermatogenesis,” Dr Huang explained.

“With ongoing global warming, chronic heat exposure may increasingly impact male reproductive health.”

Dr Huang said potential approaches to address the issue include:

increasing public awareness of heat exposure and reproductive health;encouraging protective behaviours;expanding research integrating climate and reproductive health data; andexploring clinical and lifestyle interventions to mitigate heat-related effects.

The research team was assisted by research intern Jeffrey Zi Kang Huang from Taipei American School, particularly in the application of artificial intelligence in biomedical research including AI-assisted data analysis and pattern recognition across global datasets.

“Further longitudinal and mechanistic studies will be important to better define causality and guide interventions,” he added.

The ASPIRE Congress is being held at the China National Convention Centre in Beijing. More than 3,000 scientists, clinicians, nurses and counsellors in assisted reproduction from around the world are attending the Congress.

For further information, go to https://www.aspire2026.com

 

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SOURCE ASPIRE

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eclicktech Attends Amazon Ads unBoxed 2026, Highlighting Four Key Trends Shaping AI-Driven Global Marketing

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3 hours ago

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May 9, 2026

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SHENZHEN, China, May 9, 2026 /PRNewswire/ — Amazon Ads recently hosted its annual flagship event, Amazon Ads unBoxed 2026, in Shenzhen, bringing together advertisers, agencies, and technology partners to explore the next phase of AI-powered marketing innovation. This year’s event focused on how AI is reshaping the advertising ecosystem through advancements in audience targeting, creative production, campaign management, and measurement capabilities.

Yeahmobi, the global marketing brand under eclicktech and an Amazon DSP validated partner, attended the event alongside industry leaders and ecosystem partners to discuss emerging opportunities for international brand growth in an increasingly AI-driven media environment.

During the conference, Amazon Ads introduced a series of product and solution updates across four major areas:

Advanced audience targeting powered by Amazon’s first-party data infrastructure to help brands reach high-intent consumers more effectively;AI-assisted creative production designed to improve content efficiency and support personalized advertising at scale;Intelligent campaign management tools aimed at simplifying cross-channel advertising workflows;Enhanced measurement and attribution capabilities to provide advertisers with clearer visibility into campaign performance and return on investment.

According to Yeahmobi, Amazon DSP is evolving beyond a standalone programmatic buying platform into a broader marketing infrastructure supporting the full customer journey, from brand awareness to conversion.

Since becoming an Amazon Ads partner, Yeahmobi has developed integrated advertising solutions spanning awareness, audience engagement, and conversion optimization. The company stated that it has supported brands across sectors including cross-border e-commerce, consumer electronics, AI applications, and financial services in scaling their global advertising efforts through Amazon DSP.

At the event, Yeahmobi also showcased its proprietary advertising management platform, Yeahgrowth, which integrates campaign management, data analytics, and performance optimization capabilities to support centralized multi-platform operations and improved campaign visibility.

“AI is fundamentally reshaping how brands approach global growth,” said William Liu, General Manager of Yeahmobi. “We see Amazon Ads as a strategically important part of the global marketing ecosystem. Our focus is not only on media execution, but also on building scalable growth infrastructure through deeper API integration, AI-driven optimization, and data collaboration.”

Yeahmobi stated that it will continue expanding its collaboration with Amazon Ads to support brands navigating increasingly complex global media environments.

About Yeahmobi
Yeahmobi is a global marketing brand focused on helping businesses achieve international growth through digital advertising, data-driven operations, and AI-powered marketing solutions.

Forward-Looking Statements
This press release contains forward-looking statements. Actual results may differ materially due to various risks and uncertainties. The company undertakes no obligation to update any forward-looking statements.

 

View original content:https://www.prnewswire.com/news-releases/eclicktech-attends-amazon-ads-unboxed-2026-highlighting-four-key-trends-shaping-ai-driven-global-marketing-302767470.html

SOURCE Yeahmobi

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