Europe HVAC Controls Market Size, Share & Industry Trends Analysis Report By Application, By Component (Controllers & Controlled Equipment and Sensors), By Implementation Type, By System, By Country and Growth Forecast, 2022 - 2028
The Europe HVAC Controls Market would witness market growth of 8.7% CAGR during the forecast period (2022-2028).
Mechanical engineers, building services engineers, or building service designers evaluate, plan, and specify the HVAC systems for bigger structures. The systems are then manufactured, installed, and commissioned by specialized mechanical contractors and suppliers. For all sizes of structures, building permits and inspections of the installations for code compliance are typically necessary.
Building automation systems (BAS) can connect with more complex HVAC systems to give building owners additional control over the heating and cooling systems. From nearby or far away, the building owner may keep an eye on the system and respond to alarms it generates. From the BAS, the system can be configured differently or scheduled for occupancy. At times, the HVAC parts are under the direct control of the BAS. Different interfaces can be utilized, depending on the BAS.
The demand for HVAC equipment in the European areas, particularly in the United Kingdom, Germany, and France, is anticipated to rise as a result of government requirements pertaining to energy efficiency and the use of environmentally friendly refrigerants. Through new rules and alluring incentives, the German government is aggressively encouraging the rapid development and integration of efficient and renewable heating and cooling technology. In Germany, this advertising has caused a large market shift, which has contributed to the expansion of the heating and cooling sector.
The Germany market dominated the Europe HVAC Controls Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,864.5 million by 2028. The UK market is anticipated to grow a CAGR of 7.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.5% during (2022 - 2028).
Based on Application, the market is segmented into Commercial, Industrial, and Residential. Based on Component, the market is segmented into Controllers & Controlled Equipment and Sensors. Based on Implementation Type, the market is segmented into New Construction and Retrofit. Based on System, the market is segmented into Temperature Control System, Ventilation Control System, Humidity Control System, and Integrated Control System. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., LG Electronics, Inc. (LG Corporation), Siemens AG, Schneider Electric SE, Emerson Electric Co., Johnson Controls International PLC, Trane Technologies PLC, Daikin Industries, Ltd., Mitsubishi Electric Corporation, and Carrier Global Corporation.
Scope of the Study
Market Segments covered in the Report:
By Application
- Commercial
- Industrial
- Residential
- Controllers & Controlled Equipment
- Sensors
- New Construction
- Retrofit
- Temperature Control System
- Ventilation Control System
- Humidity Control System
- Integrated Control System
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Honeywell International, Inc.
- LG Electronics, Inc. (LG Corporation)
- Siemens AG
- Schneider Electric SE
- Emerson Electric Co.
- Johnson Controls International PLC
- Trane Technologies PLC
- Daikin Industries, Ltd.
- Mitsubishi Electric Corporation
- Carrier Global Corporation
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe HVAC Controls Market, by Application
- 1.4.2 Europe HVAC Controls Market, by Component
- 1.4.3 Europe HVAC Controls Market, by Implementation Type
- 1.4.4 Europe HVAC Controls Market, by System
- 1.4.5 Europe HVAC Controls Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Market Share Analysis, 2021
- 3.4 Top Winning Strategies
- 3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.4.2 Key Strategic Move: (Acquisition and Mergers: 2020, Apr – 2022, Apr) Leading Players
- Chapter 4. Europe HVAC Controls Market by Application
- 4.1 Europe Commercial Market by Country
- 4.2 Europe Industrial Market by Country
- 4.3 Europe Residential Market by Country
- Chapter 5. Europe HVAC Controls Market by Component
- 5.1 Europe Controllers & Controlled Equipment Market by Country
- 5.2 Europe Sensors Market by Country
- Chapter 6. Europe HVAC Controls Market by Implementation Type
- 6.1 Europe New Construction Market by Country
- 6.2 Europe Retrofit Market by Country
- Chapter 7. Europe HVAC Controls Market by System
- 7.1 Europe Temperature Control System Market by Country
- 7.2 Europe Ventilation Control System Market by Country
- 7.3 Europe Humidty Control System Market by Country
- 7.4 Europe Integrated Control System Market by Country
- Chapter 8. Europe HVAC Controls Market by Country
- 8.1 Germany HVAC Controls Market
- 8.1.1 Germany HVAC Controls Market by Application
- 8.1.2 Germany HVAC Controls Market by Component
- 8.1.3 Germany HVAC Controls Market by Implementation Type
- 8.1.4 Germany HVAC Controls Market by System
- 8.2 UK HVAC Controls Market
- 8.2.1 UK HVAC Controls Market by Application
- 8.2.2 UK HVAC Controls Market by Component
- 8.2.3 UK HVAC Controls Market by Implementation Type
- 8.2.4 UK HVAC Controls Market by System
- 8.3 France HVAC Controls Market
- 8.3.1 France HVAC Controls Market by Application
- 8.3.2 France HVAC Controls Market by Component
- 8.3.3 France HVAC Controls Market by Implementation Type
- 8.3.4 France HVAC Controls Market by System
- 8.4 Russia HVAC Controls Market
- 8.4.1 Russia HVAC Controls Market by Application
- 8.4.2 Russia HVAC Controls Market by Component
- 8.4.3 Russia HVAC Controls Market by Implementation Type
- 8.4.4 Russia HVAC Controls Market by System
- 8.5 Spain HVAC Controls Market
- 8.5.1 Spain HVAC Controls Market by Application
- 8.5.2 Spain HVAC Controls Market by Component
- 8.5.3 Spain HVAC Controls Market by Implementation Type
- 8.5.4 Spain HVAC Controls Market by System
- 8.6 Italy HVAC Controls Market
- 8.6.1 Italy HVAC Controls Market by Application
- 8.6.2 Italy HVAC Controls Market by Component
- 8.6.3 Italy HVAC Controls Market by Implementation Type
- 8.6.4 Italy HVAC Controls Market by System
- 8.7 Rest of Europe HVAC Controls Market
- 8.7.1 Rest of Europe HVAC Controls Market by Application
- 8.7.2 Rest of Europe HVAC Controls Market by Component
- 8.7.3 Rest of Europe HVAC Controls Market by Implementation Type
- 8.7.4 Rest of Europe HVAC Controls Market by System
- Chapter 9. Company Profiles
- 9.1 Honeywell International, Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Product Launches and Product Expansions:
- 9.1.6 SWOT Analysis
- 9.2 LG Electronics, Inc. (LG Corporation)
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional & Segmental Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Siemens AG
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 SWOT Analysis
- 9.4 Schneider Electric SE
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Acquisition and Mergers:
- 9.4.6 SWOT Analysis
- 9.5 Emerson Electric Co.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Acquisition and Mergers:
- 9.6 Johnson Controls International PLC
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental & Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.5.2 Product Launches and Product Expansions:
- 9.6.5.3 Acquisition and Mergers:
- 9.7 Trane Technologies PLC
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Product Launches and Product Expansions:
- 9.8 Daikin Industries, Ltd.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Regional & Segmental Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.5.2 Product Launches and Product Expansions:
- 9.8.5.3 Acquisition and Mergers:
- 9.9 Mitsubishi Electric Corporation
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expense
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Acquisition and Mergers:
- 9.10. Carrier Global Corporation
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Product Launches and Product Expansions:
- 9.10.5.2 Acquisition and Mergers:
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