Posted 3/14/2024, 3:30:00 PM
HVAC Industry's Digital Transformation Driving Growth to $52.6B by 2034
- Global HVAC control system market to reach US$ 52.6 billion by 2034, expanding at a 9.7% CAGR between 2024-2034
- Integration of IoT and smart technologies transforming HVAC system management via remote monitoring, predictive maintenance, and precision energy optimization
- Cloud-based solutions enabling increased connectivity, scalability, and real-time data analytics
- Strategic partnerships between technology providers reshaping competitive landscape to enhance reliability, efficiency and sustainability
- Recent partnership between Carrier and Alat in Saudi Arabia focusing on advanced HVAC solutions for GIGA projects and global distribution