As wildfires become more common, can future Tesla home HVAC system users expect the same sort of defense against poor air quality that its vehicles have?
While most of the Elon Musk press revolves around his on again/off again purchase of Twitter, the HVAC industry is most interested in the verbal breadcrumbs he continues to drop about getting into the residential HVAC industry.
Elon Musk suggested Tesla will enter the residential HVAC market, claiming the company will upsize the equipment it uses in its electric cars for home use.
It wasn’t too long ago that the only time people thought about the air they were breathing was when they wanted to light up their next cigarette, which they could do anywhere — in hospitals, on planes, at the grocery store. IAQ wasn’t even a thing. But that was then, and this is now.
The global air purification systems market was valued at $12.06 billion in 2015 and is projected to reach $24.83 billion by 2024 at a compound annual growth rate (CAGR) of 8.4 percent from 2016 to 2024, according to a report from Transparency Market Research.
The global cleanroom equipment market is expected to record a compound annual growth rate (CAGR) of 4.68 percent to 2020, with HVAC systems the largest contributor to the market, according to the latest research study released by Technavio.