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HVAC Controls Market Research Methodology, Business Opportunities, Statistics and Industry Analysis

  • Writer: chhaya chavan
    chhaya chavan
  • Dec 26, 2022
  • 4 min read

The global Heating, Ventilation, and Air Conditioning (HVAC) controls market size was USD 16.74 Billion in 2021 and is expected to register a revenue CAGR of 9.5% during the forecast period, according to latest analysis by Emergen Research. Industrial transformation and incorporation of Internet of Things (IoT)-enabled devices in HVAC systems have significantly increased application of HVAC system in industrial and commercial facilities, which is a major factor driving market revenue growth. Primary benefit of incorporating IoT components, such as sensors and others into HVAC systems is that, operators can easily operate them from remote locations. In addition, it aids in providing customer-centric services, which thereby increases profitability and customer retention. Another major advantage of incorporating IoT-enabled devices in HVAC system is minimum energy consumption. IoT-enabled devices also aid in providing real-time data when connected to a computer system, which enables industrial professionals and engineers to perform critical maintenance during equipment downtime. IoT devices also provide benefits for HVAC industry professionals. For instance, HVAC systems are incorporated with motion sensors and this aid in detection of devices in complex industrial facilities. Moreover, when no movement is detected by sensor, computers or devices connected can suggest manually turning down or up the system for better cooling, heating, and reduce energy consumption. Furthermore, controls also employ latest networking and Artificial Intelligence (AI) technologies and this aid in detecting and adjusting controls as per preferences of users. Equipping an HVAC system with high-performance controls significantly minimizes energy consumption and addresses all other issues associated with conventional HVAC system. For instance, market companies are providing Machine-To-Machine (M2M) connectivity, which aids in reducing costs of operation in industrial facilities. It also aids in resource conservation, predictive maintenance, comfort control, and healthy building performance. As a result, demand for IoT-based HVAC control systems is increasing during the forecast period.

The study aims to provide a forecast of the growth of the HVAC Controls market by examining the market size, share, demand, trends, and gross revenue of the industry. The study relies heavily on both qualitative and quantitative to generate, interpret and analyze raw data about the target market, product or services offered and prominent market players operating in the HVAC Controls market for the forecast period, 2020 - 2027.

Click the link to get a Free Sample Copy of the Report: @https://www.emergenresearch.com/request-sample/1180

Competitive Outlook: The leading companies operating in the HVAC Controls market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the HVAC Controls Market and Profiled in the Report are:

Honeywell International Inc., Johnson Controls, Schneider Electric, Siemens, Emerson Electric Co., Delta Controls, Trane Technologies plc, Lennox International Inc., Daikin Industries, Ltd., Ecobee, Robert Bosch GmbH, and Jackson Systems & Supply

Objectives of the Report:

Study of the global HVAC Controls market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the HVAC Controls market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of HVAC Controls market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global HVAC Controls market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

Segments Covered in this report are:

  • Component Outlook (Revenue, USD Billion; 2019-2030)

    • Sensors

    • Controllers and Controlled Devices


  • System Outlook (Revenue, USD Billion; 2019-2030)

    • Temperature Control System

    • Ventilation Control System

    • Humidity Control System

    • Integrated Control System


  • Application Outlook (Revenue, USD Billion; 2019-2030)

    • Residential

    • Commercial

    • Industrial


Regional Segmentation:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Thank you for reading our report. For further queries regarding the report or customization options, please connect with us. Our team will ensure you get a report well-suited to your needs.

Look More Related Reports By Emergen Research

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

 
 
 

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