Substation HVAC System Market to Reach $2.9 Billion by 2030 with 7.6% CAGR
The Substation HVAC System market has shown robust expansion due to increasing electricity demand and the need for reliable power infrastructure. In 2022, the global market was valued at $1.7 billion, up from $1.2 billion in 2018, reflecting a 9% compound annual growth rate (CAGR) over the four-year period. Projections indicate that by 2030, the market will reach $2.9 billion, growing at a CAGR of 7.6% from 2023 to 2030.
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