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This study examines the emerging role of IoT-based HVAC services in promoting sustainability within the building industry. It highlights the role of real-time data, predictive maintenance, and integration with energy, IT, and building systems in enabling services, including maintenance and repair beyond warranty periods. The convergence of HVAC wit...

The study focuses on digital solutions in buildings and IoT-based services for heating, ventilation and air-conditioning (HVAC) equipment. Digital solutions are services that are not part of equipment sales but rendered additionally. Remote monitoring, predictive maintenance, fault detection and diagnostics, energy optimization, healthy building se...

19 Nov 2020  |  Global  |  Market Research

Digital Transformation and the Internet of Things Propel the Global Heating, Ventilation, and Air Conditioning Equipment Market, 2020

Strategies Centered on Solution-based HVAC Offerings and Clean Air for the Built Environment Create New Growth Opportunities

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Key Issues Addressed

Frost & Sullivan estimated HVAC equipment market revenue at $102.5 billion in 2019. Revenue is expected to grow at a nominal rate through 2026 to reach $140.6 billion. Demand for HVAC products because of climate change and the need for clean air in buildings is fueling market growth. Environmentally friendly, energy-efficient systems that save mone...

The global facility management (FM) industry is entering a new phase of accelerated transformation driven by economic uncertainty, supply chain volatility, rising energy costs, and intensifying sustainability demands. In 2026, FM strategies are being shaped by the need for resilient operations, credible environmental, social, and governance (ESG) p...

The Global Homes and Buildings Industry Outlook 2026 from Frost & Sullivan highlights accelerated transformation amid persistent macroeconomic headwinds. Following 5.5% growth in 2025, the sector is projected to expand by 4.0%–7.7% in 2026, driven by demand for AI-powered building technologies, smart home ecosystems, sustainable HVAC and energy sys...

In the ever-evolving landscape of workplace dynamics, Frost & Sullivan is witnessing a profound industry convergence marked by collaborative efforts among key stakeholders. Asset owners, real estate companies, and workspace operators are coming together to shape the future work environment. Simultaneously, the industry is experiencing heightened co...

The buildings that we live and work in are getting smarter and more connected. Driven by the demand to reduce energy consumption and make buildings self-sustainable and more comfortable, a wide range of new systems are entering the smart building ecosystem. A staggering number of new applications and services are enabled thanks to the Internet of T...

In 2026, the construction management sector is accelerating its digital transformation, with agentic AI systems emerging as a cornerstone for automating comprehensive project workflows and overcoming chronic issues such as labor shortages, escalating costs, and persistent delays. These intelligent agents, powered by generative capabilities, enable ...

Accelerating adoption of IoT in building management will change the market dynamics of smart buildings as a result of the low prices of IoT-based components and availability of advanced integrated software solutions. This will maximise operational and energy efficiency, enhance innovation, develop remote services more easily, and create new and val...