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New Revenue Pockets of Smart HAVC Controls Market
While the Smart HVAC controls are developing rapidly, companies like Nest Labs (U.S.) are bringing them a step-ahead of the other competitors by connecting them to a centralized server. Bringing an innovation to the cart is a never-ending process in the technological space. Smart HVAC controls devices, which can be connected by the web space, are considered as the most intelligent controls with sensors and thermostats communicating to each other and logging information in the information cloud.
The Smart HVAC controls (heating, ventilation and air conditioning) are a necessary approach in the HVAC market to reduce the energy consumption. In various countries, regulations require that the buildings should have smart heating and cooling systems to make them more energy efficient. In addition, old buildings show high level of inefficiency as they contribute considerable amount of CO2 emission to climate change. Energy efficiency is one of the key concerns in almost every segment of the ecosystem whether itís for new building construction or for the renovated building. Smart HVAC Controls essentially uses Direct Digital Controls (DDC) with the HVAC system implemented with Variable Air Volume (VAV), Air-Handling Units (AHUs), and optimum utilization techniques like Demand Control Ventilation (DCV). These modern techniques can be extended with smart devices such as a smart thermostat or a trends monitoring tool, which can analyze past data and forecast the energy requirement. The combined setup of smart HVAC controls aims to make human life easier and comfortable.
The exponential rise in the number of connected devices in the Internet of things (IOT) and adoption of internet in the emerging geographies, along with the world of connected living is helping the Smart HVAC controls market to grow. Cloud based software solution is also being provided by various companies for controlling the HVAC system. Itís a web based monitoring tool which only need an internet connection and browser to control and monitor theentireHVAC system from any location.Companies such as Carrier (U.S.), Honeywell (U.S.) and Trane (U.S.) have Smart HVAC controls with web based solution. Communications protocols are also important in the web-space, BACNet and LonWorks are getting accepted by many OEMís, which is considered as the positive outlook in terms of standardization of wireless Smart HVAC Controls.
Smart HVAC Controls Market by product type (Temperature, Ventilation, Humidity, Integrated), Components (Sensors, Controlled devices, Smart Vents), Application (Residential, Commercial), Operation & Geography - Analysis & Forecast to 2014 - 2020
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