Heating Ventilation And Air Conditioning Hvac Controls Market
SHARE
PUBLISHED: 2022 ID: SMRC21347
SHARE

Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Forecasts to 2028 – Global Analysis By Component (Controllers, Sensors), Control (Cleaning, Cooling), Application (Pharmaceutical, Industrial) and By Geography

4.5 (100 reviews)
4.5 (100 reviews)
Published: 2022 ID: SMRC21347

This report covers the impact of COVID-19 on this global market
Loading...

Years Covered

2020-2028

Estimated Year Value (2021)

US $13,198.16 MN

Projected Year Value (2028)

US $22,039.38 MN

CAGR (2021 - 2028)

7.6%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market is accounted for $13,198.16 million in 2021 and is expected to reach $22,039.38 million by 2028 growing at a CAGR of 7.6% during the forecast period. HVAC is known as a heating, ventilation, and air conditioning computing device that controls the environment of enterprises and data center and provide air condition services to the end-users. HVAC systems help to control the temperature, quality of air, and humidity in indoor and also vehicle environments. The HVAC enables to change the ambient temperature and humidity to optimize the performance of the emplacement. The HVAC controls are installed in larger structures namely data center, power system, and security & safety equipment. HVAC has a wide range of applications such as offices and industries to efficiently manage the cost of cooling and heating in the venue.



Market Dynamics:

Driver:

Emergence of IoT-enabled HVAC systems


The amalgamation of the HVAC industry and IoT provides for vastly superior customer-centric services, enabling remote appliance control. The key benefits of the inclusion of IoT in the energy sector are the operational visibility into HVAC appliances and ways to reduce, by a large margin, energy consumption. By integrating smart devices with motion sensors, for example, HVAC contractors can get their devices to continuously monitor occupancy within the building. When no movement is detected for a prolonged period, the system can suggest, through an app notification, to turn heating (or cooling) down to lower the power usage. The controls can also easily employ the latest networking and AI technologies and thus be capable of learning the tenants’ preferences and adjusting to their comfort needs automatically over time.

Restraint:

Low adoption of HVAC controls


Global warming and the need to achieve maximum energy conservation have become major global issues. Advanced HVAC systems help to address these concerns effectively; however, awareness regarding the benefits of HVAC systems and controls is low. The implementation of HVAC systems in residential buildings in developed countries is high; however, because of the high cost associated with the implementation of these systems, the adoption remains low even though the environmental benefits are high. Setting up an HVAC system in a building is a part of a subcontract given to a specialized company by contractors. However, a majority of subcontracting companies lack technical expertise and budget, which leads to the implementation of ineffective HVAC systems and controls. Additionally, there is a lack of awareness regarding HVAC standards among contractors.

Opportunity:

Rising demand for cloud computing in HVAC


Cloud computing helps in storing data, carrying out processes, and running businesses using internet servers located in a remote location. It has evolved to become an engine of enterprise technology innovation. In HVAC systems, contractors store various data, such as information related to HVAC loads, equipment implemented in a building, proposals, maintenance activities, and others, which are created in a variety of systems that are disconnected from each other. Acquiring such data manually is aligned with the risk of data loss and may also lead to confusion. To solve this problem, a common platform, i.e., cloud computing, can be used, providing access to everyone dealing with the project. Updated information regarding the project, client requirement, and equipment and controls selection can be done easily with a cloud platform. The same data can be used for future reference.

Threat:

Decelerated growth of HVAC controls


The World Health Organization (WHO) made an assessment and announced the COVID-19 disease to be pandemic. COVID-19 pandemic has led to severe global socio-economic disruptions impacting millions of people across the world. Concerns have been raised about the spread of the disease through the operation of HVAC systems, since the infectious disease can spread by several different routes, including transmission through the air. According to the Centers for Disease Control (CDC), the virus that causes COVID-19 is thought to spread mainly from person to person through respiratory droplets that are produced when an infected person sneezes, coughs, sings talks, etc. These droplets can land in the mouths or noses of people who are nearby or possibly be inhaled, which is way more likely when people are in close contact with one another (within about 6 feet). Theoretically, these infected droplets could be dispersed through an HVAC system and spread to other occupants, but this scenario appears to be unlikely. Even the World Health Organization (WHO) has contributed to guidance on ventilation and air-conditioning systems in the context of COVID-19.

The sensors segment is expected to have the highest CAGR during the forecast period

The sensors segment is growing at the highest CAGR during the forecast period as sensors are responsible for sensing various elements in the atmosphere and sending information accurately to controllers, which can then be processed for taking appropriate actions. These sensors also detect if the actions taken by controllers and controlled equipment have given the desired results. The development of wireless technology and its application in IoT and smart homes are the factors fueling the market for sensors in HVAC controls.

The controllers & controlled devices segment is expected to be the largest during the forecast period

The controllers & controlled devices segment is expected to be the largest share during the forecast period. Controllers and controlled equipment are responsible for the execution of HVAC controls in the area. They enable the proper flow of air inside the building to maintain indoor humidity and ventilation levels. Their application in residential and commercial sectors drives the market for controllers and controlled equipment. The use of innovative smart vents in controllers and controlled equipment is also fueling the growth of the HVAC controls market.

Region with highest share:

North America is projected to hold the largest share in the market. Supportive government plans, favorable laws, programs, and associations are the other major factors driving the growth in this region. However, the US is expected to face a significant reduction in its market size in 2020 due to the adverse effects of COVID-19 on the infrastructure, industrial, and commercial sectors. The adoption of HVAC control systems might be largely impacted in 2020 due to the shutdown of various ongoing construction sites. However, with these projects gradually resuming operations, the demand for HVAC control systems used in such projects may increase with time in the coming years, along with economic recovery.

Region with highest CAGR:

The Asia Pacific is projected to have the highest CAGR in the market. Technological advancements and inclination toward the use of energy-efficient products fuel the growth of the HVAC controls market in APAC. The growing population in developing countries in this region, along with environmental awareness, is supporting the adoption of HVAC controls. The rise in the adoption of green buildings and government initiatives to regulate energy-efficient practices across the commercial sector is also aiding the adoption of HVAC controls in this region. However, the APAC market is expected to see a dip owing to the halt of both ongoing as well as new infrastructure and construction projects due to COVID-19. Also, as the pandemic has also affected individual per capita income, the adoption of new HVAC systems in the residential segment has significantly decreased.



Key players in the market:

Some of the key players profiled in the Heating, Ventilation, and Air Conditioning (HVAC) Controls Market include Apollo America, Computrols, CoolAutomation, Daikin Industries, Ltd., Danfoss, Delta Controls, Emerson Electric, Honeywell International Inc, Innotech, Jackson Systems, Lennox International Inc. , LG Electronics, Schneider Electric, Siemens AG, Trane Technologies Plc, and Carrier Global Corporation.

Key developments:

In September 2020: Carrier launched the Weather Expert rooftop unit series, which features real variable-speed cooling capacity and control, including the variable-speed 48JC gas/electric and 50JC electric/electric versions that can cool down to 25% of typical capacity and up to 105 percent.

In July 2020: Clivet SpA and Siemens collaborated to develop novel HVAC plant and building optimization solutions. Siemens is the developer of a software platform for building automation and IoT applications.

In June 2020: Honeywell and SAP SE partnered to improve building performance using integrated cloud-based business and operational technology data, which delivers financial and operational analytics for corporate and real estate owners and operators.

Implementations Covered:
• New Construction    
• Retrofit

Components Covered:
• Controllers & Controlled Devices     
• Sensors     

Control Systems Covered:
• Temperature Control Systems     
• Humidity Control Systems     
• Integrated Control Systems     
• Ventilation Control Systems

Controls Covered:
• Cleaning & Air Movement      
• Cooling     
• Heating     
• Humidfying & Dehumidfying     
• Ventilating 

Control Loops Covered:
• Open-Loop Control     
• Closed-Loop Control

Systems Covered:
• Electric/Electronic Systems     
• Pneumatic Systems     
• Direct Acting Systems

Applications Covered:
• Residential     
• Commercial      
• Pharmaceutical
• Industrial     

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary           
            
2 Preface         
  
 2.1 Abstract          
 2.2 Stake Holders          
 2.3 Research Scope          
 2.4 Research Methodology          
  2.4.1 Data Mining         
  2.4.2 Data Analysis         
  2.4.3 Data Validation         
  2.4.4 Research Approach         
 2.5 Research Sources          
  2.5.1 Primary Research Sources         
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions         
            
3 Market Trend Analysis           
 3.1 Introduction          
 3.2 Drivers          
 3.3 Restraints          
 3.4 Opportunities          
 3.5 Threats          
 3.6 Application Analysis          
 3.7 Emerging Markets          
 3.8 Impact of Covid-19          
            
4 Porters Five Force Analysis           
 4.1 Bargaining power of suppliers          
 4.2 Bargaining power of buyers          
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry          
            
5 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market, By Implementation           
 5.1 Introduction          
 5.2 New Construction               
 5.3 Retrofit          
            
6 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market, By Component           
 6.1 Introduction          
 6.2 Controllers & Controlled Devices               
  6.2.1 Controlled Equipment             
   6.2.1.1 Actuators           
   6.2.1.2 Control Valves           
   6.2.1.3 Dampers           
   6.2.1.4 Heating and Cooling Coils           
   6.2.1.5 Pumps and Fans           
  6.2.2 Controllers             
   6.2.2.1 Fan Coil Unit (FCU) Controllers           
   6.2.2.2 Variable Air Volume (VAV) Controllers            
  6.2.3 Smart Vents             
 6.3 Sensors                
  6.3.1 Type             
   6.3.1.1 Flow Sensors           
   6.3.1.2 Occupancy Sensors        
   6.3.1.3 Pressure Sensors           
   6.3.1.4 Temperature and Humidity Sensors            
  6.3.2 Connection Type             
   6.3.2.1 Wireless Sensors           
   6.3.2.2 Wired Sensors           
            
7 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market, By Control Systems           
 7.1 Introduction          
 7.2 Temperature Control Systems                
 7.3 Humidity Control Systems               
 7.4 Integrated Control Systems               
 7.5 Ventilation Control Systems          
            
8 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market, By Control            
 8.1 Introduction          
 8.2 Cleaning & Air Movement               
 8.3 Cooling               
 8.4 Heating               
 8.5 Humidfying & Dehumidfying               
 8.6 Ventilating           
            
9 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market, By Control Loops           
 9.1 Introduction          
 9.2 Open-Loop Control               
 9.3 Closed-Loop Control          
            
10 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market, By System           
 10.1 Introduction          
 10.2 Electric/Electronic Systems               
 10.3 Pneumatic Systems               
 10.4 Direct Acting Systems          
            
11 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market, By Application           
 11.1 Introduction          
 11.2 Residential               
 11.3 Commercial               
  11.3.1 Education Centers             
  11.3.2 Healthcare Facilities             
  11.3.3 Hospitality Centers             
  11.3.4 Office Buildings             
  11.3.5 Retail Stores             
 11.4 Pharmaceutical          
 11.5 Industrial               
            
12 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market, By Geography           
 12.1 Introduction          
 12.2 North America          
  12.2.1 US         
  12.2.2 Canada         
  12.2.3 Mexico         
 12.3 Europe          
  12.3.1 Germany         
  12.3.2 UK         
  12.3.3 Italy         
  12.3.4 France         
  12.3.5 Spain         
  12.3.6 Rest of Europe         
 12.4 Asia Pacific          
  12.4.1 Japan         
  12.4.2 China         
  12.4.3 India         
  12.4.4 Australia         
  12.4.5 New Zealand          
  12.4.6 South Korea         
  12.4.7 Rest of Asia Pacific         
 12.5 South America          
  12.5.1 Argentina         
  12.5.2 Brazil         
  12.5.3 Chile         
  12.5.4 Rest of South America         
 12.6 Middle East & Africa          
  12.6.1 Saudi Arabia         
  12.6.2 UAE         
  12.6.3 Qatar         
  12.6.4 South Africa         
  12.6.5 Rest of Middle East & Africa         
            
13 Key Developments           
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures          
 13.2 Acquisitions & Mergers          
 13.3 New Product Launch          
 13.4 Expansions          
 13.5 Other Key Strategies          
            
14 Company Profiling           
 14.1 Apollo America                
 14.2 Computrols               
 14.3 CoolAutomation               
 14.4 Daikin Industries, Ltd.               
 14.5 Danfoss               
 14.6 Delta Controls               
 14.7 Emerson Electric               
 14.8 Honeywell International Inc               
 14.9 Innotech               
 14.10 Jackson Systems               
 14.11 Lennox International Inc.          
 14.12 LG Electronics               
 14.13 Schneider Electric               
 14.14 Siemens AG               
 14.15 Trane Technologies Plc               
 14.16 Carrier Global Corporation          


List of Tables            
1 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Region (2020-2028) ($MN)           
2 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Implementation (2020-2028) ($MN)           
3 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By New Construction (2020-2028) ($MN)            
4 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Retrofit (2020-2028) ($MN)           
5 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Component (2020-2028) ($MN)            
6 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Controllers & Controlled Devices (2020-2028) ($MN)           
7 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Controlled Equipment (2020-2028) ($MN)           
8 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Controllers (2020-2028) ($MN)           
9 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Smart Vents (2020-2028) ($MN)           
10 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Sensors (2020-2028) ($MN)           
11 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Type (2020-2028) ($MN)           
12 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Connection Type (2020-2028) ($MN)           
13 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Control Systems (2020-2028) ($MN)           
14 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Temperature Control Systems (2020-2028) ($MN)           
15 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Humidity Control Systems (2020-2028) ($MN)           
16 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Integrated Control Systems (2020-2028) ($MN)           
17 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Ventilation Control Systems (2020-2028) ($MN)           
18 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Control (2020-2028) ($MN)           
19 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Cleaning & Air Movement (2020-2028) ($MN)           
20 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Cooling (2020-2028) ($MN)           
21 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Heating (2020-2028) ($MN)           
22 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Humidfying & Dehumidfying (2020-2028) ($MN)            
23 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Ventilating  (2020-2028) ($MN)           
24 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Control Loops (2020-2028) ($MN)           
25 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Open-Loop Control (2020-2028) ($MN)           
26 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Closed-Loop Control (2020-2028) ($MN)           
27 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By System (2020-2028) ($MN)           
28 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Electric/Electronic Systems (2020-2028) ($MN)           
29 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Pneumatic Systems (2020-2028) ($MN)           
30 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Direct Acting Systems (2020-2028) ($MN)           
31 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Application (2020-2028) ($MN)           
32 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Residential (2020-2028) ($MN)           
33 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Commercial (2020-2028) ($MN)           
34 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Education Centers (2020-2028) ($MN)           
35 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Healthcare Facilities (2020-2028) ($MN)           
36 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Hospitality Centers (2020-2028) ($MN)           
37 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Office Buildings (2020-2028) ($MN)           
38 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Retail Stores (2020-2028) ($MN)           
39 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Pharmaceutical (2020-2028) ($MN)           
40 Global Heating, Ventilation, and Air Conditioning (HVAC) Controls Market Outlook, By Industrial (2020-2028) ($MN)           
            
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.            

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials