The Mexico air conditioning and ventilation system market is experiencing significant growth. In 2023, the market was valued at USD 857.5 million, and it is projected to expand at a Compound Annual Growth Rate (CAGR) of 5.0% from 2024 to 2030.
Several factors are driving this market expansion:
- Commercial Sector Growth: The continuous expansion of the commercial sector, encompassing retail spaces, office buildings, and hospitality establishments, is a major catalyst for market growth.
- Sustainability and Green Technologies: The increasing emphasis on sustainability and the supportive regulatory environment for green technologies are encouraging investments in eco-friendly air conditioning and ventilation systems.
- Rising Demand for Controlled Environments: The growing demand for comfortable and controlled environments in industries such as hospitality, IT, retail, and manufacturing is further fueling market growth.
- Industrial Sector Adoption: The industrial sector in Mexico is increasingly adopting air conditioning systems that not only offer efficient cooling but also comply with stringent environmental regulations.