HVAC Controls - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global HVAC Controls Market is accounted for $14.8 billion in 2020 and is expected to reach $37.97 billion by 2028 growing at a CAGR of 12.5% during the forecast period. Emergence of IoT-enabled HVAC systems and increasing awareness of energy conservation and efficiency is driving the market growth. However, low adoption of HVAC controls is hampering the growth of the market.
HVAC is known as 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 environment. The HVAC enables to change the ambient temperature and humidity to optimize the performance of the emplacement. The HVAC controls are installed in a 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.
Based on the component, the sensors segment is going to have lucrative growth 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.
By geography, Asia Pacific is going to have high growth during the forecast period as technological advancements and inclination towards the use of energy-efficient products fuel the growth of the HVAC controls market in Asia Pacific. 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.
Some of the key players profiled in the HVAC Controls Market include Schneider Electric, Siemens AG, Honeywell International Inc, Emerson Electric, Trane Technologies Plc, LG Electronics, Jackson Systems, Delta Controls, CoolAutomation, Innotech, Computrols, Danfoss, Daikin Industries, Ltd., Apollo America and Lennox International Inc.
Controls Covered:
• Cleaning & Air Movement
• Cooling
• Heating
• Humidfying & Dehumidfying
• Ventilating
Control Systems Covered:
• Temperature Control Systems
• Humidity Control Systems
• Integrated Control Systems
• Ventilation Control Systems
Implementations Covered:
• New Construction
• Retrofit
Components Covered:
• Controllers & Controlled Devices
• Sensors
Control Loops Covered:
• Open-Loop Control
• Closed-Loop Control
Systems Covered:
• Electric/Electronic Systems
• Pneumatic Systems
• Direct Acting Systems
Applications Covered:
• Industrial
• Residential
• Commercial
• Pharmaceutical
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 2019, 2020, 2021, 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 HVAC Controls Market, By Control
5.1 Introduction
5.2 Cleaning & Air Movement
5.3 Cooling
5.4 Heating
5.5 Humidfying & Dehumidfying
5.6 Ventilating
6 Global HVAC Controls Market, By Control Systems
6.1 Introduction
6.2 Temperature Control Systems
6.3 Humidity Control Systems
6.4 Integrated Control Systems
6.5 Ventilation Control Systems
7 Global HVAC Controls Market, By Implementation
7.1 Introduction
7.2 New Construction
7.3 Retrofit
8 Global HVAC Controls Market, By Component
8.1 Introduction
8.2 Controllers & Controlled Devices
8.2.1 Controlled Equipment
8.2.1.1 Dampers
8.2.1.2 Pumps and Fans
8.2.1.3 Heating and Cooling Coils
8.2.1.4 Actuators
8.2.1.5 Control Valves
8.2.2 Smart Vents
8.2.3 Controllers
8.2.3.1 Variable Air Volume (VAV) Controllers
8.2.3.2 Fan Coil Unit (FCU) Controllers
8.3 Sensors
8.3.1 Connection Type
8.3.1.1 Wireless Sensors
8.3.1.2 Wired Sensors
8.3.2 Type
8.3.2.1 Pressure Sensors
8.3.2.2 Temperature and Humidity Sensors
8.3.2.3 Flow Sensors
8.3.2.4 Occupancy Sensors
9 Global HVAC Controls Market, By Control Loops
9.1 Introduction
9.2 Open-Loop Control
9.3 Closed-Loop Control
10 Global HVAC Controls Market, By System
10.1 Introduction
10.2 Electric/Electronic Systems
10.3 Pneumatic Systems
10.4 Direct Acting Systems
11 Global HVAC Controls Market, By Application
11.1 Introduction
11.2 Industrial
11.3 Residential
11.4 Commercial
11.4.1 Hospitality Centers
11.4.2 Office Buildings
11.4.3 Healthcare Facilities
11.4.4 Education Centers
11.4.5 Retail Stores
11.5 Pharmaceutical
12 Global 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 Schneider Electric
14.2 Siemens AG
14.3 Honeywell International Inc
14.4 Emerson Electric
14.5 Trane Technologies Plc
14.6 LG Electronics
14.7 Jackson Systems
14.8 Delta Controls
14.9 CoolAutomation
14.10 Innotech
14.11 Computrols
14.12 Danfoss
14.13 Daikin Industries, Ltd.
14.14 Apollo America
14.15 Lennox International Inc.
List of Tables
1 Global HVAC Controls Market Outlook, By Region (2019-2028) ($MN)
2 Global HVAC Controls Market Outlook, By Control (2019-2028) ($MN)
3 Global HVAC Controls Market Outlook, By Cleaning & Air Movement (2019-2028) ($MN)
4 Global HVAC Controls Market Outlook, By Cooling (2019-2028) ($MN)
5 Global HVAC Controls Market Outlook, By Heating (2019-2028) ($MN)
6 Global HVAC Controls Market Outlook, By Humidfying & Dehumidfying (2019-2028) ($MN)
7 Global HVAC Controls Market Outlook, By Ventilating (2019-2028) ($MN)
8 Global HVAC Controls Market Outlook, By Control Systems (2019-2028) ($MN)
9 Global HVAC Controls Market Outlook, By Temperature Control Systems (2019-2028) ($MN)
10 Global HVAC Controls Market Outlook, By Humidity Control Systems (2019-2028) ($MN)
11 Global HVAC Controls Market Outlook, By Integrated Control Systems (2019-2028) ($MN)
12 Global HVAC Controls Market Outlook, By Ventilation Control Systems (2019-2028) ($MN)
13 Global HVAC Controls Market Outlook, By Implementation (2019-2028) ($MN)
14 Global HVAC Controls Market Outlook, By New Construction (2019-2028) ($MN)
15 Global HVAC Controls Market Outlook, By Retrofit (2019-2028) ($MN)
16 Global HVAC Controls Market Outlook, By Component (2019-2028) ($MN)
17 Global HVAC Controls Market Outlook, By Controllers & Controlled Devices (2019-2028) ($MN)
18 Global HVAC Controls Market Outlook, By Controlled Equipment (2019-2028) ($MN)
19 Global HVAC Controls Market Outlook, By Smart Vents (2019-2028) ($MN)
20 Global HVAC Controls Market Outlook, By Controllers (2019-2028) ($MN)
21 Global HVAC Controls Market Outlook, By Sensors (2019-2028) ($MN)
22 Global HVAC Controls Market Outlook, By Connection Type (2019-2028) ($MN)
23 Global HVAC Controls Market Outlook, By Type (2019-2028) ($MN)
24 Global HVAC Controls Market Outlook, By Control Loops (2019-2028) ($MN)
25 Global HVAC Controls Market Outlook, By Open-Loop Control (2019-2028) ($MN)
26 Global HVAC Controls Market Outlook, By Closed-Loop Control (2019-2028) ($MN)
27 Global HVAC Controls Market Outlook, By System (2019-2028) ($MN)
28 Global HVAC Controls Market Outlook, By Electric/Electronic Systems (2019-2028) ($MN)
29 Global HVAC Controls Market Outlook, By Pneumatic Systems (2019-2028) ($MN)
30 Global HVAC Controls Market Outlook, By Direct Acting Systems (2019-2028) ($MN)
31 Global HVAC Controls Market Outlook, By Application (2019-2028) ($MN)
32 Global HVAC Controls Market Outlook, By Industrial (2019-2028) ($MN)
33 Global HVAC Controls Market Outlook, By Residential (2019-2028) ($MN)
34 Global HVAC Controls Market Outlook, By Commercial (2019-2028) ($MN)
35 Global HVAC Controls Market Outlook, By Hospitality Centers (2019-2028) ($MN)
36 Global HVAC Controls Market Outlook, By Office Buildings (2019-2028) ($MN)
37 Global HVAC Controls Market Outlook, By Healthcare Facilities (2019-2028) ($MN)
38 Global HVAC Controls Market Outlook, By Education Centers (2019-2028) ($MN)
39 Global HVAC Controls Market Outlook, By Retail Stores (2019-2028) ($MN)
40 Global HVAC Controls Market Outlook, By Pharmaceutical (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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