The global smart home automation market is expected to reach $130 billion by 2025, according to a new report by Grand View Research Inc. The growing demand for the convenience of remote and real-time operation of smart home automation systems has increased the growth and penetration.

The global cooling towers market is expected to reach $4.85 billion by 2025, according to a new report conducted by Grand View Research Inc. Cooling towers are used in power plants, particularly in thermoelectric power plants, to remove excess heat from the plant.

Demand for HVAC equipment in commercial buildings is projected to advance 3.3 percent per year through 2021 to $12.3 billion with 58 percent of all HVAC equipment sales.

The global economizer market was valued at $7.70 billion in 2016 and is projected to reach $11.54 billion by 2022, growing at a compound annual growth rate (CAGR) of 6.7 percent from 2017 to 2022, according to the report, "Economizer Market by Type (Fluid Economizers and Air-side Economizers), Application (Power Plants, Boilers, HVAC, Refrigeration, and Data Centers), End-use Industry (Industrial and Commercial), Region - Global Forecast to 2022", published by MarketsandMarkets™.

Research and Markets has announced the addition of the "India Evaporative Air Cooler Market Outlook 2022" report to their offering.

The heat exchanger market is estimated to grow from $13.89 billion in 2017 to $20.65 billion by 2022, at a compound annual growth rate (CAGR) of 8.3 percent for the forecast period, according to a report by MarketsandMarkets™.

The global ventilation equipment market will reach $25 billion in revenues in 2017 and is estimated to reach $40 billion by 2025, expanding at 5.5 percent compound annual growth rate (CAGR), per a recent report from Persistence Market Research (PMR).

Technavio analysts forecast the global air source heat pump market to grow at a compound annual growth rate (CAGR) of almost 11 percent during the forecast period, according to their latest report. The research study covers the present scenario and growth prospects of the global air source heat pump market for 2017-2021.

Central air conditioning (CAC) systems and direct expansion (DX) central air conditioning systems are projected to witness 6.7 percent growth in unit shipments and 7.2 percent in shipments value during the 2017-2022 analysis period.