Heating Ventilation And Air Conditioning Hvac Controls Market
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
|
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.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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