North American Residential Ductwork Design Software Market
Dublin, Dec. 06, 2023 (GLOBE NEWSWIRE) — The “North America Residential Ductwork Design Software Market Size, Share & Trends Analysis Report By Component (Software, and Services), By Deployment, By Application, By Construction Type, By End-user, By Region, And Segment Forecasts, 2023 – 2030” report has been added to ResearchAndMarkets.com’s offering.
The North America residential ductwork design software market size is expected to reach USD 450.7 million by 2030, expanding at a CAGR of 5.3% from 2023 to 2030
The market growth is driven by significant investment into smart infrastructure development and an upsurge in demand for HVAC systems to create more sustainable residential buildings. According to the International Energy Agency (IEA), digitalization or automation of buildings could cut total energy usage in residential buildings between 2017 and 2040 by as much as 10%.
Demand for more efficient heating and cooling systems in residential premises is a primary driver of this industry. Homeowners are increasingly seeking methods to minimize their energy use and save money on their utility bills as they become more aware of energy-efficient devices’ environmental and financial benefits.
This has increased demand for ductwork design software, which may assist homeowners and contractors in designing and installing efficient HVAC systems. The…