Under the Sustainable Development Goals of the United Nations, increasing energy efficiency, especially for factories, is one such initiative that estimates spending on energy efficiency will cross over $6.2T by 2030 and $16.7T by 2040.
Smart thermostats are one of the rapidly evolving technologies in the HVAC (heating, ventilation, and air-conditioning) space.
The rising inclination of consumers towards energy-efficient systems, such as eco-friendly inverter controller boards, and the growing popularity of portable systems are expected to impact the air conditioning systems market growth positively.