Growth Factors of HVAC Control System Market
The global HVAC control system market size was valued at USD 14.50 billion in 2018 and is projected tgrow tUSD 52.56 billion by 2032, exhibiting a CAGR of 9.0% during the forecast period of 2019-2032.
The HVAC manipulation system market skilled disruptions throughout the pandemic, with temporary delays in manufacturing, installation, and renovation offerings due tlockdowns and confined mobility. However, the multiplied emphasis on air pleasant and power-efficient structures in homes brought about a developing call for advanced HVAC solutions post-pandemic, impeding the HVAC control system market growth.
The demand for energy-efficient solutions drives the HVAC manipulation machine marketplace, the growing focus on indoor air pleasant, and the rise of clever homes. Technological improvements, IoT integration, and automation enable more excellent unique manipulation, leading telectricity savings and stepped forward consolation.
The HVAC manipulation systems marketplace is witnessing sizable growth, driven by the increasing call for energy efficiency, building automation, and stepped-forward occupant consolation. Key traits encompass the upward push of Internet of Things (IoT)-enabled structures, bearing in mind faraway tracking, manipulation, and predictive upkeep, leading texpanding HVAC control system market share globally. Furthermore, integrating artificial intelligence (AI) and machine studying (ML) algorithms permits sensible management structures that could optimize power intake, predict equipment screw-ups, and personalize consolation settings for male or female occupants.
Comprehensive Analysis of HVAC Control System Market
The HVAC manipulate device marketplace is segmented intproduct types and applications. The product section includes conventional HVAC manipulation systems, and clever HVAC manipulation structures. While traditional structures have performed an extensive position, the developing adoption of innovative HVAC systems is using market growth because of their advantages, inclusive of progressed strength efficiency, centralized tracking, specific weather control, and higher upkeep abilities. In terms of utility, the market is split intbusiness, residential, and business sectors. The commercial quarter is anticipated tlead growth, pushed by advantages like reduced application payments, extended device lifecycles, and integration with clever technology. The residential quarter is increasing due texpanded housing creation and government tasks, whilst the industrial sector is adopting HVAC manipulation structures for their computerized functionality and superior efficiency.
The North America region led the HVAC control system market by benefitting a size of USD 7.13 billion in 2018 due tthe boom of smart buildings within the vicinity, which has made a superb contribution tthe adoption of smart HVAC controls.
The leading players in the HVAC control system market significantly influence its growth trajectory and set industry standards. These key players, including Johnson Controls, Daikin Industries, Ltd., Mitsubishi Electric Trane HVAC US LLC, Emerson Electric Co., Schneider Electric, Honeywell International Inc., DELTA CONTROLS, Carrier Corporation, Siemens, JACKSON CONTROL, and ICM Controls, contribute ta competitive landscape, driving innovation and market advancement.
In July 2021, Panasonic has delivered a brand new and revolutionary multi-website online manage solution designed tenhance the control and manage of HVAC systems. This solution offers an organisation-wide power management platform tmake sure the efficient and powerful operation of corporate HVAC installations.
Segmentation Table
ATTRIBUTE DETAILS
Study Period - 2015-2026
Base Year - 2018
Forecast Period - 2019-2026
Historical Period - 2015-2017
Unit - Value (USD billion)
Segmentation By Product
- Traditional HVAC control systems
- Smart HVAC control systems
- Residential
- Commercial
- Industrial
- North America (the U.S. and Canada)
- Europe (Germany, UK, France, Italy, Spain and the Rest of Europe)
- Asia Pacific (Japan, China, India, and the Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico, and the Rest of Latin America)
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Approach
- 1.3. Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Drivers, Restraints and Opportunities
- 3.2. Emerging Trends
- 4. Key Insights
- 4.1. Macro and Micro Economic Indicators
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Key Technology Analysis
- 5. Global HVAC Control System Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Sizing Estimations and Forecasts – By Product (Value)
- 5.2.1. Traditional HVAC Control Systems
- 5.2.2. Smart HVAC Control Systems
- 5.3. Market Sizing Estimations and Forecasts – By Application (Value)
- 5.3.1. Residential
- 5.3.2. Commercial
- 5.3.3. Industrial
- 5.4. Market Analysis, Insights and Forecast – By Region (Value)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Middle East & Africa
- 5.4.5. Latin America
- 6. North America HVAC Control System Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Sizing Estimations and Forecasts – By Product (Value)
- 6.2.1. Traditional HVAC Control Systems
- 6.2.2. Smart HVAC Control Systems
- 6.3. Market Sizing Estimations and Forecasts – By Application (Value)
- 6.3.1. Residential
- 6.3.2. Commercial
- 6.3.3. Industrial
- 6.4. Market Analysis, Insights and Forecast – By Country (Value)
- 6.4.1. United States
- 6.4.2. Canada
- 7. Europe HVAC Control System Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Sizing Estimations and Forecasts – By Product (Value)
- 7.2.1. Traditional HVAC Control Systems
- 7.2.2. Smart HVAC Control Systems
- 7.3. Market Sizing Estimations and Forecasts – By Application (Value)
- 7.3.1. Residential
- 7.3.2. Commercial
- 7.3.3. Industrial
- 7.4. Market Analysis, Insights and Forecast – By Country (Value)
- 7.4.1. Germany
- 7.4.2. UK
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Rest of Europe
- 8. Asia Pacific HVAC Control System Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Sizing Estimations and Forecasts – By Product (Value)
- 8.2.1. Traditional HVAC Control Systems
- 8.2.2. Smart HVAC Control Systems
- 8.3. Market Sizing Estimations and Forecasts – By Application (Value)
- 8.3.1. Residential
- 8.3.2. Commercial
- 8.3.3. Industrial
- 8.4. Market Analysis, Insights and Forecast – By Country (Value)
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. India
- 8.4.4. Rest of Asia Pacific
- 9. Middle East and Africa HVAC Control System Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Sizing Estimations and Forecasts – By Product (Value)
- 9.2.1. Traditional HVAC Control Systems
- 9.2.2. Smart HVAC Control Systems
- 9.3. Market Sizing Estimations and Forecasts – By Application (Value)
- 9.3.1. Residential
- 9.3.2. Commercial
- 9.3.3. Industrial
- 9.4. Market Analysis, Insights and Forecast – By Country (Value)
- 9.4.1. GCC
- 9.4.2. South Africa
- 9.4.3. Rest of MEA
- 10. Latin America HVAC Control System Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Sizing Estimations and Forecasts – By Product (Value)
- 10.2.1. Traditional HVAC Control Systems
- 10.2.2. Smart HVAC Control Systems
- 10.3. Market Sizing Estimations and Forecasts – By Application (Value)
- 10.3.1. Residential
- 10.3.2. Commercial
- 10.3.3. Industrial
- 10.4. Market Analysis, Insights and Forecast – By Country (Value)
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.4.3. Rest of LATAM
- 11. Global Market Share Analysis, By Key Players, 2018
- 12. Competition Matrix
- 12.1. Business Strategies Adopted by Leading Players
- 13. Company Profile
- 13.1. Daikin Industries, Ltd
- 13.1.1. Overview
- 13.1.2. Product Portfolio
- 13.1.3. Financials
- 13.1.4. Recent Developments
- 13.2. Johnson Controls
- 13.2.1. Overview
- 13.2.2. Product Portfolio
- 13.2.3. Financials
- 13.2.4. Recent Developments
- 13.3. Mitsubishi Electric Trane HVAC US LLC
- 13.3.1. Overview
- 13.3.2. Product Portfolio
- 13.3.3. Financials
- 13.3.4. Recent Developments
- 13.4. Emerson Electric Co.
- 13.4.1. Overview
- 13.4.2. Product Portfolio
- 13.4.3. Financials
- 13.4.4. Recent Developments
- 13.5. Schneider Electric
- 13.5.1. Overview
- 13.5.2. Product Portfolio
- 13.5.3. Financials
- 13.5.4. Recent Developments
- 13.6. Honeywell International Inc.
- 13.6.1. Overview
- 13.6.2. Product Portfolio
- 13.6.3. Financials
- 13.6.4. Recent Developments
- 13.7. DELTA CONTROLS
- 13.7.1. Overview
- 13.7.2. Product Portfolio
- 13.7.3. Financials
- 13.7.4. Recent Developments
- 13.8. Carrier Corporation
- 13.8.1. Overview
- 13.8.2. Product Portfolio
- 13.8.3. Financials
- 13.8.4. Recent Developments
- 13.9. Siemens
- 13.9.1. Overview
- 13.9.2. Product Portfolio
- 13.9.3. Financials
- 13.9.4. Recent Developments
- 13.10. JACKSON CONTROL
- 13.10.1. Overview
- 13.10.2. Product Portfolio
- 13.10.3. Financials
- 13.10.4. Recent Developments
- 13.11. ICM Controls
- 13.11.1. Overview
- 13.11.2. Product Portfolio
- 13.11.3. Financials
- 13.11.4. Recent Developments
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