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Stock impact report

Global HVAC Market Projected to Reach $346.7 Billion by 2028, Growing at a 5.6% CAGR [Yahoo! Finance]

Carrier Global Corporation (CARR) 
Company Research Source: Yahoo! Finance
BOSTON June 20, 2024 /PRNewswire/ -- HVAC stands for Heating, Ventilation, and Air Conditioning. Here's a breakdown of what each part means: Heating : This refers to systems and equipment used to generate warmth inside buildings. Common heating systems include furnaces, boilers, and heat pumps. They help maintain a comfortable temperature during cold weather. Ventilation : Ventilation is about ensuring the flow of fresh air into indoor spaces and removing stale air. This is crucial for maintaining indoor air quality, controlling humidity, and preventing the buildup of pollutants. It can be achieved naturally through windows and vents or mechanically using fans and ventilation systems. Air Conditioning : This component involves cooling and dehumidifying the air to make indoor environments comfortable during hot weather. Air conditioners and heat pumps are common devices used for this purpose. They work by removing heat from the indoor air and releasing it outside. Together, HV Show less Read more
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