Europe HVAC Controls Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component Type (Sensors, Controllers, Smart Vents, and Others), Installation Type (New Installation and Retrofit), System (Temperature Control System, Humidity Control System, Ventilation Control System, and Integrated Control System), and End User (Residential, Commercial, and Industrial)
The Europe HVAC controls market is expected to grow from US$ 2,679.95 million in 2022 to US$ 7,401.51 million by 2028; it is estimated to grow at a CAGR of 18.4% from 2022 to 2028.
Cloud computing aids in data storage, process execution, and business operation by enabling internet servers to function across a distant area. It has developed into a catalyst for IT innovation in many businesses. Contractors maintain a range of data in HVAC systems, including information about HVAC loads, building equipment, bids, and maintenance activities, which are produced in several separate systems. Manually gathering such data increases the chance of data loss and the likelihood of misinterpretation. A single platform, such as cloud computing, can be utilized to address this issue and enable access to everyone involved in the project. A cloud platform simplifies updating information about the project, customer requirements, and equipment and control selection. The same information can also be referred to in the future. Cloud computing has made following laws, selecting energy-efficient HVAC systems and controls, assessing HVAC load, storing sales data, and preserving data for technicians a lot easier. Thus, the rising adoption of cloud computing in HVAC is expected to create lucrative opportunities in the HVAC controls market in Europe during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe HVAC controls market. The Europe HVAC controls market is expected to grow at a good CAGR during the forecast period.
Europe HVAC controls market Revenue and Forecast to 2028 (US$ Million)
Europe HVAC controls market Segmentation
The Europe HVAC controls market is segmented based on by component type, installation, system, end user, and country. Based on component, the Europe HVAC controls market is divided into Sensors, controllers, smart vents, and others. The controllers segment dominated the Europe HVAC controls market in 2022. Based on installation, the Europe HVAC controls market is categorized into new installation and retrofit. The retrofit segment dominated the Europe HVAC controls market in 2022. Based on system, the Europe HVAC controls market is categorized into temperature control system, humidity control system, ventilation control system, and integrated control system. The ventilation control system segment dominated the Europe HVAC controls market in 2022. Based on end user, the Europe HVAC controls market is categorized into residential, commercial, and industrial. The commercial segment dominated the Europe HVAC controls market in 2022. Based on country, the Europe HVAC controls market is segmented into Germany, France, the UK, Russia, Italy, and Rest of Europe. Germany dominated the Europe HVAC controls market in 2022.
Carrier Global Corporation; DAIKIN INDUSTRIES, Ltd.; Delta Controls; Distech Control; Emerson Electric Co.; Honeywell International Inc.; Johnson Controls, Inc.; Schneider Electric SE; Siemens AG; and Lennox International Inc. by Altair are among the leading companies in the Europe HVAC controls market.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe HVAC controls market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Europe HVAC controls market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe HVAC controls market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook