A study from The Insight Partners projects the value of the global building automation market will move from $76.75 billion last year to more than $167 billion by 2031.
The Verified Market Research Report shows that the heat pump market is valued at$74.73 billion in 2024 and is expected to reach $167.32 billion by 2031.
The North American sheet metal fabrication equipment market is anticipated to see significant growth, with projections estimating a market worth of USD 11.9 billion by 2030.
The report estimates that the global HVAC market is valued at $218.32 billion now and is expected to reach $338.62 billion by the end of the forecast period.
Given the context, including a month with one less billing day than September 2022, sales seem to be treading water at an elevated level, said Brian Loftus, HARDI’s macroeconomic and residential market analyst