Smart, Building

Smart Building Awareness and Sustainability Drive Building Automation System Market to Grow 7.4% CAGR by 2033

07.08.2025 - 18:07:42

Future Market Insights United States of America United Kingdom

reached $718.3 million in 2022. In 2023, demand for low and medium voltage drives in these countries increased by 3.8% year-on-year, resulting in a total valuation of $745.0 million.The demand for solar panel mounting structures in India is expected to grow at an 11.3% CAGR from 2023 to 2033, reaching an estimated value of $727.3 million by the end of 2033. By 2023, India's demand for solar panel mounting structures is projected to reach $249.0 million.Global demand for instrumentation valves and fittings is projected to reach $2.7 billion by 2023 and is expected to experience a significant CAGR of approximately 6.7% from 2023 to 2033.The odor control system market was projected to be valued at $1.19 billion in 2022, and it is expected to reach $1.25 billion by the end of 2023. The global market for odor control systems is anticipated to grow at a 4.8% CAGR, reaching a market worth $1.99 billion by 2033.The global industrial fractional horsepower motors market is projected to reach a value of $10.7 billion in 2023 and is expected to experience significant growth with a CAGR of approximately 5.2% from 2023 to 2033.

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