HVAC Control Market Report by Component (Sensors, Controllers and Controlled Devices), Implementation Type (New Construction, Retrofit), System (Temperature Control Systems, Ventilation Control Systems, Humidity Control Systems, Integrated Control Systems

HVAC Control Market Report by Component (Sensors, Controllers and Controlled Devices), Implementation Type (New Construction, Retrofit), System (Temperature Control Systems, Ventilation Control Systems, Humidity Control Systems, Integrated Control Systems), End User (Residential, Commercial, Industrial), and Region 2024-2032

The global HVAC control market size reached US$ 16.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 25.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032.

The heating, ventilation, and air conditioning (HVAC) control system is an automated mechanism used to regulate operations of heating and cooling conditions. They consist of control valves, sensors, energy sources and controlled devices. Ventilation, humidity, temperature and integrated are some of the commonly available HVAC systems. They are widely used to monitor and control HVAC performance and provide a comfortable environment by maintaining optimal temperature in enclosed spaces. HVAC control systems are equipped with sensing devices that compare the actual temperature of the area with a target temperature to enable the control systems to initiate an action. Some of the commonly used control systems include electronic, pneumatic and direct-acting systems. As a result, HVAC control units are widely used across various industry verticals such as hospitality, enterprises, retail and residential.

HVAC Control Market Trends:
The significant growth in the construction of commercial, industrial and residential buildings across the globe is one of the key factors creating a positive outlook for the market. HVAC control systems are widely used due to the increasing demand for enhanced air quality, performance and environmental issues. In line with this, the rising demand for remote access control systems for energy efficiency, streamlining operations and cost-effectiveness are favoring the market growth. Moreover, various technological advancements, such as the integration of smart devices with motion sensors and the Internet of Things (IoT), are providing an impetus to the market growth. These technologies assist in detecting occupancy within the building and turning the heating or cooling system down to lower power usage when no movement is detected for a prolonged period of time. In addition to this, the introduction of green technology due to the rising environmental concerns among consumers is positively impacting the market growth. Other factors, including rising expenditure capacities and the implementation of various government initiatives to promote energy-efficient buildings, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global HVAC control market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, implementation type, system and end user.

Breakup by Component:

Sensors
Controllers and Controlled Devices

Breakup by Implementation Type:

New Construction
Retrofit

Breakup by System:

Temperature Control Systems
Ventilation Control Systems
Humidity Control Systems
Integrated Control Systems

Breakup by End User:

Residential
Commercial
Industrial

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Azbil Corporation, Carrier Global Corporation, Computrols Inc., Daikin Industries Ltd, Danfoss, Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International, KMC Controls, Schneider Electric SE and Siemens AG.

Key Questions Answered in This Report

1. How big is the global HVAC control market?
2. What is the expected growth rate of the global HVAC control market during 2024-2032?
3. What are the key factors driving the global HVAC control market?
4. What has been the impact of COVID-19 on the global HVAC control market?
5. What is the breakup of the global HVAC control market based on the component?
6. What is the breakup of the global HVAC control market based on the implementation type?
7. What is the breakup of the global HVAC control market based on the system?
8. What are the key regions in the global HVAC control market?
9. Who are the key players/companies in the global HVAC control market?