The global Green HVAC market is undergoing significant transformation as energy efficiency and sustainability become crucial in building technologies. With a valuation of US$ 78.8 billion in 2024, the market is projected to grow at a 7.0% CAGR, reaching US$ 165.1 billion by 2035. This growth is largely fueled by strict environmental regulations and a rising demand for eco-friendly buildings, despite challenges such as reduced subsidies and lower gas prices impacting the market in Europe. Companies are focusing on innovations like geothermal heat pumps and solar-powered systems to meet this demand, indicating a robust future for sustainable indoor climate solutions.
In other market news, Dian Swastatika Sentosa was trading firmly up 13.1% and ending trading at IDR34,950.00. In the meantime, Tesla softened, down 15.4% to close at $222.15.
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Applied Materials closed at $149.99 down 3.7%, hovering around its 52-week low. On Monday, the company announced a 15% dividend increase and a $10 billion share buyback program.
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First Solar ended the day at $133.11 down 4.3%.
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Vistra ended the day at $108.49 down 5.1%.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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