Smart homes to help boost energy efficiency and sales of HVAC equipment
A recent forecast report by Transparency Market Research states that Heating, Ventilation and Air Conditioning (HVAC) equipment are predicted to grow in tandem with the development of smart homes. HVAC systems deliver outdoor air to remove interior airborne contaminant, such as volatile organic compounds and odors emitted from interior furnishings or various cleaning chemicals among others.
The report, HVAC Equipment Market, Air Conditioning, Ventilation; End-use Application: Residential, Commercial, Industrial - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023, demonstrates how important a role energy efficiency will play in the growth of the HVAC market. HVAC equipment implements heating or cooling for residential, industrial and commercial buildings.
The report states that a major factor restraining the growth of the HVAC equipment market is the high levels of energy consumption used by most HVAC equipment. It also states that future market opportunities can be created and bolstered by the energy-management abilities smart homes possess.
Energy efficiency has become one of the key concerns of global manufactures. Companies including Daikin, Carrier and Lennox have already started launching energy-efficient HVAC products to begin to address the needs of the market.
Transparency Market Research is a provider of syndicated research, customized research, and consulting services. Their global and regional market intelligence coverage includes pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, as well as other industries.