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HVAC manufacturers operating under applicable stringent norms and mandates pertaining to energy efficiency have been aligning with product development approaches to sustain their market competence over the others. Technological feasibility, per capita energy consumption, and regional proximity coupled with the adoption of advanced technological systems through building strategic alliances will further influence the heating & cooling industry forecasts.
Eminent manufacturers operating across the heating & cooling industry aim to bring enhanced technologies and innovative products to fulfill consumer requirements. Key players are focusing on strategic partnerships, mergers, and acquisitions to achieve renewable energy targets set by respective governments, which will boost the business landscape. Industry manufacturers have been laying importance on providing forward integration and reducing product costs across the industry ecosystem, which will further thrust the heating & cooling market.
Major companies working across the global heating and cooling industry include