HVAC Controls Market with COVID-19 Impact by System (Temperature, Integrated Controls), Component (Sensors, and Controllers & Controlled Devices), Implementation Type (New Construction, Retrofit), Application, and Geography - Global Forecast to 2025
HVAC Controls Market
HVAC Controls Market and Top Companies
- Honeywell International Inc (US) − Honeywell International Inc (Honeywell) is a multinational conglomerate that specializes in inventing and commercializing technologies to address critical challenges in the fields of energy, safety, security, productivity, and urbanization. Honeywell is a software-industrial company, which offers industry-specific solutions to aerospace and automotive products and services. It operates through the following segments: Aerospace; Honeywell Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The HBT business unit deals with the HVAC controls market.
- Johnson Controls (US) − Johnson Controls is a multi-industrial leader and has expertise in diversified technologies serving clients in more than 150 countries. Johnson Controls operates through four primary business segments, based on financial reporting, they are classified into Building Solutions North America, Building Solution EMEA/LA, Building Solutions Asia Pacific, and Global Products. The company provides HVAC control products under the building automation & controls product segment. The company is a global market leader in developing and installing building products and systems, which include HVAC equipment, HVAC controls, security systems, energy management systems, fire detection systems, and fire suppression solutions.
- Schneider Electric (France)− Schneider is a leading company in the field of energy management and automation for residential homes, office buildings, commercial data centers, and industries. The company operates through two business segments: Energy Management and Industrial Automation. The company serves four end markets: Home and buildings, Data centers, Infrastructure, and Industry. The company caters to the HVAC controls market, by providing HVAC controllers, sensors, valves and actuators, programmable regulators, and centralized building management systems.
- Siemens (Germany) Siemens, formerly known as Siemens & Halske, is a German electronics and electrical engineering company that operates in the fields of electrification, automation, and digitalization. Siemens deals with infrastructure and industry solutions and is also a leading supplier of systems for power generation and transmission, and medical diagnosis. The company is engaged in the electrical engineering and electronics business. The company operates through the following business segmentsGas and Power, Siemens Gamesa Renewable Energy (SGRE), Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, Financial Services, and Portfolio Companies. The company offers HVAC controls through the building technologies product segment. It provides automation technologies and services for safe, secure, and efficient buildings and infrastructure systems..
- Carrier Global Corporation (US) Carrier Global Corporation is a global provider of sustainable building and refrigeration solutions. In 1979, UTC acquired Carrier Corporation, a major company operating in the field of HVAC controls, systems, and products, which also provides intelligent building technologies, refrigeration, and heating & cooling products. Carrier was incorporated under the UTC climate controls & security segment for operations. But in March 2020, United Technologies completed the separation and spin-off of UTC Climate, Controls & Security as an independent company known as Carrier Global Corporation.
- Emerson Electric(US) Emerson Electric is a multinational corporation with experience of more than 100 years. Emerson is listed in the Fortune 500 companies list and is engaged in the manufacturing and development of process controls, systems, valves, and analytical instruments. It delivers products and services to industrial, commercial, and consumer markets. Emerson Electric mainly focuses on two core business platforms: Automation Solutions and Commercial & Residential Solutions. Emerson Electric is a strong player in the field of automation, climate technologies, and commercial and residential solutions. It serves the clients through its commercial & residential solutions segment by providing energy-efficient HVAC systems.
- Trane Technologies Plc (Ireland) Trane Technologies Plc engages in the provision of products, services, and solutions to enhance the quality, energy efficiency, and comfort of air in homes and buildings, transport and protect food and perishables, and increase industrial productivity and efficiency. It operates through two operating segments: Climate and Industrial. The Climate segment delivers heating, ventilation, and air-conditioning (HVAC) systems, and commercial and residential building services, parts, support and controls, and transport temperature control solutions.
- Lennox (US) Lennox International is a leading provider of climate-control solutions. The company is involved in designing, manufacturing, and marketing a broad range of products for the heating, ventilation, air-conditioning, and refrigeration (HVACR) market. Lennox sells its products and services through multiple distribution channels under various brand names such as Lennox, Dave Lennox Signature, Armstrong Air, Ducane, Aire-Flo, Air-Ease, Concord, Magic-Pak, ADP Advanced Distributor Products, iComfort, and Lennox PartsPlus.
- Delta Controls(Canada) Delta Controls is a leader in developing and manufacturing building automation solutions. The company has six operating segments: Energy Management, Facilities Management, Lighting Control, Integration, HVAC, Access Controls, and Variable Frequency Drives (VFDs). Of these, the HVAC segment deals with central plant controllers, general-purpose programmable I/O controllers, network sensors & IO expansion modules, individual zone controllers, Ethernet & PoE, and smoke control.
- Distech Controls (Canada) Distech Controls is a leader in energy management solutions, providing unique business management technologies and services that optimize energy efficiency and comfort in buildings. It is engaged in designing and manufacturing building automation systems (BAS). Distech Controls is a subsidiary of Acuity Brands Lighting.
HVAC controls market and Top Applications
- Commercial − The commercial sector is expected to be one of the major segments for HVAC controls. HVAC systems provide appropriate temperature and ventilation conditions at offices, which helps in improving employee productivity and working conditions and preventing health issues caused by improper humidity levels. The rising energy prices have made the use of an energy-efficient HVAC system a necessity in commercial spaces. Moreover, governments of various APAC countries are supporting the adoption of energy-efficient HVAC systems in commercial spaces.
- Residential The residential application of HVAC controls includes residential buildings and independent houses. The booming residential construction industry increases the demand for HVAC equipment such as coolers, heaters, and air conditioners. Rising average disposable income in these countries, growing awareness about energy conservation, and the increasing cost of power are encouraging people to adopt energy-efficient technologies and equipment in their day-to-day life. HVAC devices, such as air conditioners, consume almost 50% of the total power supplied to a residential building; hence, to achieve energy efficiency in a residential building, HVAC systems have to be managed optimally.
- Utilities Energy consumption in industries is higher compared to residential or commercial facilities. HVAC systems provide efficient temperatures by maintaining accurate temperatures and humidity according to requirements in the manufacturing zone. Warehouses are important parts of buildings and require temperatures necessary to store the goods. An HVAC system is the only solution for warehouses as it maintains the desired temperature, humidity, and ventilation. Moreover, commercial structures can benefit from several interconnected systems that provide heating and cooling to individual floors or other areas.
HVAC controls market and Top System Types
- Temperature Control Systems Temperature control systems sense or detect the temperature of an enclosed area and accordingly heat or cool the area to reach the preset temperature levels. These systems use various HVAC equipment, such as air-conditioners, space heaters, and coolers, to change the area's temperature. A temperature control system consists of sensors, controllers, and HVAC equipment.
- Integrated Control Systems An integrated control system is an integration of all the control systems to maintain an ideal atmosphere within a room, space, or building. Temperature sensors, humidity sensors, and occupancy sensors together collect data and send the data to a central control system, which integrates all the information to maintain the set atmospheric conditions indoors. These atmospheric conditions include temperature, humidity, and ventilation. The integration of all these elements ensures that all the systems work in sync and allow efficient use of energy. An integrated control system also involves the integration of natural ventilation into HVAC systems, which helps in saving a lot of energy used by HVAC systems..
[230Pages Repeort] The HVAC controls market is projected to grow from USD 14.8 billion in 2020 to USD 24.4 billion by 2025; it is expected to grow at a CAGR of 10.5% from 2020 to 2025. Consolidating trend of smart homes, accelerated further by COVID-19 situation to boost HVAC controls market growth, boom in construction sector fueling demand for HVAC controls, the emergence of IoT-enabled HVAC systems, and need to achieve energy efficiency in buildings are among the factors driving the market for HVAC controls. The report covers the HVAC controls industry segmented into implementation type, system, component, application, and geography.
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COVID-19 impact on the HVAC controls market
The HVAC industry has witnessed unprecedented growth during the past decade on account of rising investments by corporate sector, increased construction activities, rapid industrialization, and the growth of the service sector. The pressing need for energy-efficient HVAC systems, growing replacement demand for HVAC systems, and surging infrastructure-based developments are expected to drive the industry growth in future. However, COVID-19 has dealt a severe blow to the industry, leading to the simultaneous collapse of both supply and demand. The HVAC controls market, over the past few years, was being driven by significant rise in demand for these systems in the commercial sector. However, the recent COVID-19 pandemic has resulted in a decline in the growth of the market. The market is expected to regain its growth momentum once end-user industries start recovering from the effects of this pandemic.
The COVID-19 pandemic is restricting the supply of HVAC equipment and other control components due to severe disruptions in the global supply chain. Thus, the anticipated growth of the HVAC controls market across several application segments is expected to decline. Social distancing being the foremost way of curbing the spread of the disease, many HVAC businesses are being forced to either temporarily shut down, lay off employees, or pivot to operating remotely.
The current situation has impacted the supply chain of the HVAC industry. Key components of HVAC control system, such as HVAC equipment and sensors and controlled equipment, are mainly manufactured in Asia Pacific. The COVID-19 situation has exposed the overdependency on the region for key raw materials, especially on China, India, and US. Out of all the countries that manufacture HVAC components, China is arguably the most popular of them all. This is primarily because the country has been active in manufacturing HVAC products and spare parts for some time now. HVAC control manufacturers in multiple countries are
highly impacted by the shutdown of operations in China and other Asia Pacific countries. The aforesaid has also resulted in limited production leading to a serious decline in business inputs. The recovery depends on government assistance as well as the level of corporate debt and how the companies and markets cope with the lessened demand.
The demand is expected to recuperate in the coming years, and the market growth rate is anticipated to return to normal levels by 2022. The rise in the adoption of HVAC equipment and control systems in the commercial sector and usage of remote technology or IoT-enabled HVAC systems will support the recovery of the market. After the recovery phase, the market is expected to grow at a moderate rate until 2025.
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 of time, 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. HVAC manufacturers are striving to provide consumers with smart HVAC systems and increase their market share. In any commercial or residential building, lighting and HVAC systems consume maximum energy. Implementing IoT in these applications and enabling machine-to-machine (M2M) connectivity would help in cost saving, resource conservation, predictive maintenance, comfort control, and healthy building performance. As a result, demand for IoT-based HVAC control systems has increased.
Restraint: Low adoption of HVAC controls due to lack of awareness among end users
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.
Residential HVAC construction firms are unaware of the latest Seasonal Energy Efficiency Ratio (SEER) standards, which is hindering the adoption of HVAC controls. However, governments are supporting the adoption of HVAC systems by providing tax credits and rolling out regulations and standards.
Opportunity: Growing 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. Cloud computing helps in adhering to regulations, selecting energy-efficient HVAC systems and controls, analyzing HVAC load, storing sales data, and maintaining data for technicians.
Challenge: Decelerated growth of HVAC controls market due to the likelihood of spread of COVID-19 through the operation of air-conditioning and ventilation systems
In March 2020, 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. WHO worked closely with the World Meteorological Organization Joint Office for Climate and Health and the United States National Oceanic and Atmospheric Administration (NOAA) through the Global Heat Health Information Network to develop and update the guidelines. Some of the guidelines which can help to combat COVID-19 are:
Natural ventilation should be considered by opening windows, which is a safe option.
- For mechanical systems, the percentage of outdoor air should be increased using economizer modes of HVAC operations and potentially as high as 100%. Before increasing outdoor air percentage, verification compatibility with HVAC system capabilities for both humidity and temperature control as well as compatibility with outdoor/indoor air quality should be done.
- Total airflow supply to occupied spaces should be increased, if possible.
- Disable demand-control ventilation controls that reduce air supply based on temperature or occupancy.
Improvement of central air filtration:
- Increase of air filtration to as high as possible without significantly diminishing design airflow.
- Inspection of filter housing and racks to ensure appropriate filter fit and check for ways to minimize filter bypass.
- Considering the running of HVAC system at maximum outside airflow for 2 hours before and after spaces are occupied, in accordance with manufactory recommendations.
- Generation of clean-to-less-clean air movements by re-evaluating the positioning of supply and exhaustion of air diffusers and/or dampers and adjusting zone supply and exhaust flow rates to establish measurable pressure differentials. Arranging staff work for clean ventilation zones that do not include higher-risk areas such as visitor reception or exercise facilities (if open).
- Exhaust fans in restroom facilities should be functional and operating at full capacity when the building is occupied.
HVAC controls for residential application accounted for the second largest share of the market in 2019
The increasing awareness of energy conservation and efficiency and environmental protection has fuelled the adoption of energy-efficient HVAC controls. These solutions help in the optimum utilization of energy and maintain the most comfortable and healthy environment indoors. Favorable government regulations and tax credit facilities on the installation of HVAC systems and the growing focus of end users on reducing electricity bills have significantly contributed to the growth of the HVAC controls market for residential applications. COVID-19 has impacted the residential sector by affecting the individual economy, which will cause the market to slow down. The market is also impacted by the supply and demand disruptions in countries such as the US, Germany, China, and Australia. One of the key impacts on the HVAC controls market for the residential sector is the increased economic slowdown due to travel restrictions and reduced consumer demand due to lockdowns. The shortage of supply is expected to increase prices of HVAC control systems and related components and equipment in countries such as the US, Australia, and Germany, which are highly dependent on Chinese players for operations.
Sensors component segment to register with the highest growth rate during the forecast period
Sensors are responsible for sensing various elements in the atmosphere and sending this 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.
Due to the outbreak of the COVID-19 pandemic, the expected growth of the HVAC controls market for several applications is expected to decline as the pandemic is restricting the supply and adoption of electronic devices, such as sensors and controller components, due to the severe disruptions in businesses and the global economy. The outbreak of COVID-19 has mostly impacted the industrial automation, building equipment, food & beverages, and automotive & transportation industries. With a decline in demand and an increase in economic uncertainty due to COVID-19, many companies are already delaying new machinery purchases, postponing scheduled upgrades, or canceling existing orders. The impact of COVID-19 on these industries will differ across regions, which is likely to have an adverse impact on the demand for HVAC controls.
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The HVAC controls market in APAC is projected to grow at the highest CAGR during the forecast period.
APAC held the largest share of the HVAC controls market in 2019. 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. However, this loss is expected to be recovered in the coming years with a gradual recovery of the countrys overall economy.
Besides APAC, North America holds a significant market share. The HVAC controls market in North America accounted for the second-largest share in 2019. 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 on-going 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.
Key Market Players
The HVAC controls market players have implemented mostly inorganic growth strategies, such as product launches, partnerships, acquisitions, and contracts, to strengthen their offerings in the market. Honeywell International Inc (US), Johnson Controls (US), Schneider Electric (France), Siemens (Germany), Carrier Global Corporation (US), Emerson Electric (US), Trane Technologies Plc (Ireland), Lennox (US), Delta Controls (Canada), Distech Controls (Canada), KMC Controls (US), Daikin Industries (Japan), LG Electronics (South Korea), Jackson Systems (US), and OJ Electronics (Denmark) are some of the major players in the HVAC controls market.
The study includes an in-depth competitive analysis of these key players in the HVAC controls market with their company profiles, recent developments, and key market strategies.
Report Scope:
|
Report Metric |
Details |
|
Years considered |
20162025 |
|
Base year considered |
2019 |
|
Forecast period |
20202025 |
|
Forecast units |
Value (USD million/billion) |
|
Segments covered |
Implementation Type, System, Component, and Application |
|
Regions covered |
North America, APAC, Europe, and RoW |
|
Companies covered |
Honeywell International Inc (US), Johnson Controls (US), Schneider Electric (France), Siemens (Germany), Carrier Global Corporation (US), Emerson Electric (US), Trane Technologies Plc (Ireland), Lennox (US), Delta Controls (Canada), Distech Controls (Canada), KMC Controls (US), Daikin Industries (Japan), LG Electronics (South Korea), Jackson Systems (US), and OJ Electronics (Denmark), among other players. A total of 25 major players covered. |
In this report, the overall HVAC controls market has been segmented based on implementation type, system, component, application, and region.
By System
- Temperature Control Systems
- Ventilation Control Systems
- Humidity Control Systems
- Integrated Control Systems
By Component
- Sensors
- Controllers and Controlled Devices
By Implementation Type
- New Construction
- Retrofit
By Application
- Residential
- Commercial
- Industrial
Geographic Analysis
- North America (US, Canada, and Mexico)
- Europe (UK, Germany, France, and Rest of Europe)
- Asia Pacific (China, Japan, India, and Rest of APAC)
- Rest of the World (South America, Middle East, and Africa)
Recent Developments
- In September 2020, Carrier launched WeatherExpert line of rooftop units, the true variable-speed cooling capacity and control, which includes the variable-speed 48JC gas/electric and 50JC electric/electric models designed to vary cooling capacity down to 25% and up to 105% of normal capacity.
- In July 2020, J2 Innovations, a siemens company, the developer of a software platform for building automation and IoT applications, partnered with Clivet SpA to develop innovative HVAC plant and building optimization solutions.
- In June 2020, Honeywell and SAP Se partnered to improve building performance with integrated cloud-based business and operational technology data, which will provide corporate and real estate owners and building operators with aggregated financial and operational intelligence for their portfolios.
Frequently Asked Questions (FAQ):
How is the HVAC controls market segmented?
The HVAC controls market has been segmented based on implementation type, system, component, application, and region.
Who are the top 5 players in the HVAC controls market?
The major players operating in the HVAC controls market include Honeywell International Inc (US), Johnson Controls (US), Schneider Electric (France), Siemens (Germany), and Carrier Global Corporation (US).
Which major countries are considered in the European region?
The report includes an analysis of the UK, Germany, France, and rest of European countries.
What are the major applications of HVAC controls?
Significant applications covered in this report are residential, commercial and industrial.
Does this report include the impact of COVID-19 on the HVAC controls market?
Yes, the report includes the impact of COVID-19 on the HVAC controls market. It illustrates the impact of COVID-19 on the market segments, value chain, and the players operating in the HVAC controls market. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 31)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKET COVERED
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 37)
2.1 RESEARCH DATA
FIGURE 1 RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 Secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary sources
2.1.3.2 Key industry insights
2.1.3.3 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 2 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 3 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY FOR HVAC CONTROLS MARKET THROUGH SUPPLY-SIDE ANALYSIS
2.3 DATA TRIANGULATION
FIGURE 5 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 47)
FIGURE 6 COVID-19 IMPACT ON HVAC CONTROLS MARKET
3.1 PRE-COVID-19 SCENARIO
TABLE 1 PRE-COVID-19 SCENARIO: HVAC CONTROLS MARKET
3.2 POST-COVID-19 SCENARIO
TABLE 2 POST-COVID-19 SCENARIO: HVAC CONTROLS MARKET
3.3 OPTIMISTIC SCENARIO (POST-COVID-19)
TABLE 3 OPTIMISTIC SCENARIO (POST-COVID-19): HVAC CONTROLS MARKET
3.4 PESSIMISTIC SCENARIO (POST-COVID-19)
TABLE 4 PESSIMISTIC SCENARIO (POST-COVID-19): HVAC CONTROLS MARKET
FIGURE 7 INTEGRATED CONTROL SYSTEM SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD IN HVAC CONTROLS MARKET, BY SYSTEM
FIGURE 8 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATION TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 9 APAC TO HOLD LARGEST SHARE OF HVAC CONTROLS MARKET IN 2020
4 PREMIUM INSIGHTS (Page No. - 53)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN HVAC CONTROLS MARKET
FIGURE 10 BOOMING CONSTRUCTION SECTOR AND RISING USAGE OF IOT-ENABLED HVAC SYSTEMS TO DRIVE HVAC CONTROLS MARKET
4.2 HVAC CONTROLS MARKET, BY SYSTEM
FIGURE 11 MARKET FOR INTEGRATED CONTROL SYSTEMS TO REGISTER HIGHEST CAGR FROM 2020 TO 2025
4.3 HVAC CONTROLS MARKET, BY COMPONENT
FIGURE 12 CONTROLLERS AND CONTROLLED EQUIPMENT TO GARNER HIGH DEMAND IN COMING YEARS
4.4 HVAC CONTROLS MARKET, BY IMPLEMENTATION TYPE
FIGURE 13 NEW CONSTRUCTION SEGMENT TO HOLD LARGER SIZE OF HVAC CONTROLS MARKET FROM 2020 TO 2025
4.5 HVAC CONTROLS MARKET, BY APPLICATION
FIGURE 14 COMMERCIAL SEGMENT IS EXPECTED TO CONTINUE TO ACCOUNT FOR LARGEST SHARE OF HVAC CONTROLS MARKET DURING FORECAST PERIOD
4.6 HVAC CONTROLS MARKET IN APAC, BY COUNTRY AND APPLICATION
FIGURE 15 CHINA AND COMMERCIAL SEGMENTS LIKELY TO HOLD LARGEST SHARE OF HVAC CONTROLS MARKET IN APAC BY 2025
5 MARKET OVERVIEW (Page No. - 56)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 NEED FOR EFFICIENT USE OF ENERGY IN BUILDINGS DRIVES HVAC CONTROLS MARKET
5.2.1 DRIVERS
5.2.1.1 Consolidating trend of smart homes, accelerated further by COVID-19 situation to boost HVAC controls market growth
5.2.1.2 Boom in construction sector fueling demand for HVAC controls
5.2.1.3 Emergence of IoT-enabled HVAC systems
5.2.1.4 Need to achieve energy efficiency in buildings
FIGURE 17 INDIAS PROJECTED ENERGY DEMAND BY 2047
FIGURE 18 IMPACT OF DRIVERS ON HVAC CONTROLS MARKET
5.2.2 RESTRAINTS
5.2.2.1 Low adoption of HVAC controls due to lack of awareness among end users
5.2.2.2 High costs and technical complexities associated with installation of HVAC control systems
5.2.3 OPPORTUNITIES
5.2.3.1 Growing demand for cloud computing in HVAC
5.2.3.2 Integration of smart devices with HVAC systems
FIGURE 19 IMPACT OF RESTRAINTS AND OPPORTUNITIES ON HVAC CONTROLS MARKET
5.2.4 CHALLENGE
5.2.4.1 Decelerated growth of HVAC controls market due to likelihood of spread of COVID-19 through operation of air-conditioning and ventilation systems
5.2.4.2 Complexities in upgrading existing HVAC systems
FIGURE 20 IMPACT OF CHALLENGES ON HVAC CONTROLS MARKET
5.3 VALUE CHAIN ANALYSIS
FIGURE 21 VALUE CHAIN ANALYSIS: HVAC CONTROLS MARKET
5.4 ECOSYSTEM ANALYSIS
5.5 PORTERS FIVE FORCES ANALYSIS
TABLE 5 IMPACT OF EACH FORCE ON MARKET
5.6 CASE STUDY ANALYSIS
5.7 TECHNOLOGY ANALYSIS
FIGURE 22 PARAMETERS CONTROLLED BY HVAC CONTROL SYSTEMS
5.8 PRICING ANALYSIS
FIGURE 23 HVAC INSTALLATION COST
TABLE 6 AVERAGE SELLING PRICE RANGE OF SENSORS
5.9 TRADE ANALYSIS
TABLE 7 IMPORT DATA, BY COUNTRY, 20152019 (USD MILLION)
TABLE 8 EXPORT DATA, BY COUNTRY, 20152019 (USD MILLION)
5.1 PATENT ANALYSIS
TABLE 9 PATENTS IN HVAC CONTROLS MARKET
5.11 REGULATORY LANDSCAPE
5.12 CODES AND STANDARDS FOR HVAC SYSTEMS
TABLE 10 MANDATORY CODES AND STANDARDS IN HVAC INDUSTRY
6 TYPES OF CONTROL LOOPS IN HVAC CONTROL SYSTEMS (Page No. - 77)
6.1 INTRODUCTION
FIGURE 24 TYPES OF CONTROLS IN HVAC SYSTEMS
6.2 OPEN-LOOP CONTROL
6.2.1 OPEN-LOOP CONTROLS ARE NOT SUITABLE FOR AIR-CONDITIONING AND REFRIGERATION SYSTEMS AS PARAMETERS TO BE CONTROLLED CANNOT BE COMPARED
FIGURE 25 OPEN-LOOP CONTROL
6.3 CLOSED-LOOP CONTROL
6.3.1 CLOSED-LOOP CONTROL PROVIDES BETTER CONTROL THAN OPEN LOOP STRATEGY, RESULTING IN MORE EFFICIENT USE OF ENERGY AND IMPROVED OCCUPANT COMFORT
FIGURE 26 CLOSED-LOOP CONTROL
7 HVAC CONTROLS MARKET, BY SYSTEM (Page No. - 80)
7.1 INTRODUCTION
FIGURE 27 HVAC CONTROLS MARKET, BY SYSTEM
FIGURE 28 TEMPERATURE CONTROL SYSTEM TO DOMINATE HVAC CONTROLS MARKET DURING FORECAST PERIOD
TABLE 11 HVAC CONTROLS MARKET, BY SYSTEM, 20162019 (USD MILLION)
TABLE 12 HVAC CONTROLS MARKET, BY SYSTEM, 20202025 (USD MILLION)
7.2 TEMPERATURE CONTROL SYSTEMS
7.2.1 THERMOSTATS ARE WIDELY USED TEMPERATURE CONTROL SYSTEMS THAT CONSTANTLY MEASURE TEMPERATURE OF AN AREA AND CONTROL HEATER AND COOLER OPERATIONS
FIGURE 29 WORKING MECHANISM OF CONVENTIONAL TEMPERATURE CONTROL SYSTEMS
TABLE 13 HVAC CONTROLS MARKET FOR TEMPERATURE CONTROL SYSTEM, BY COMPONENT, 20162019 (USD MILLION)
TABLE 14 HVAC CONTROLS MARKET FOR TEMPERATURE CONTROL SYSTEM, BY COMPONENT, 20202025 (USD MILLION)
TABLE 15 HVAC CONTROLS MARKET FOR TEMPERATURE CONTROL SYSTEM, BY APPLICATION, 20162019 (USD MILLION)
TABLE 16 HVAC CONTROLS MARKET FOR TEMPERATURE CONTROL SYSTEM, BY APPLICATION, 20202025 (USD MILLION)
TABLE 17 HVAC CONTROLS MARKET FOR TEMPERATURE CONTROL SYSTEM, BY REGION, 20162019 (USD MILLION)
TABLE 18 HVAC CONTROLS MARKET FOR TEMPERATURE CONTROL SYSTEM, BY REGION, 20202025 (USD MILLION)
7.3 VENTILATION CONTROL SYSTEMS
7.3.1 VENTILATION CONTROL SYSTEMS VENTILATE FRESH AIR WITHIN THE BUILDING TO KEEP OCCUPANTS HEALTHY AND CONSERVE ENERGY BY MAINTAINING ROOM TEMPERATURE
FIGURE 30 CONTROLLERS AND CONTROLLED EQUIPMENT TO HOLD LARGEST SIZE OF VENTILATION CONTROL SYSTEM MARKET BY 2025
TABLE 19 HVAC CONTROLS MARKET FOR VENTILATION CONTROL SYSTEM, BY COMPONENT, 20162019 (USD MILLION)
TABLE 20 HVAC CONTROLS MARKET FOR VENTILATION CONTROL SYSTEM, BY COMPONENT, 20202025 (USD MILLION)
TABLE 21 HVAC CONTROLS MARKET FOR VENTILATION CONTROL SYSTEM, BY APPLICATION, 20162019 (USD MILLION)
TABLE 22 HVAC CONTROLS MARKET FOR VENTILATION CONTROL SYSTEM, BY APPLICATION, 20202025 (USD MILLION)
TABLE 23 HVAC CONTROLS MARKET FOR VENTILATION CONTROL SYSTEM, BY REGION, 20162019 (USD MILLION)
TABLE 24 HVAC CONTROLS MARKET FOR VENTILATION CONTROL SYSTEM, BY REGION, 20202025 (USD MILLION)
7.4 HUMIDITY CONTROL SYSTEMS
7.4.1 HUMIDITY CONTROL SYSTEMS ENSURE QUALITY OF PRODUCT, ADEQUATE PRODUCTION RATE, AND WORKER SAFETY AND COMFORT
TABLE 25 HVAC CONTROLS MARKET FOR HUMIDITY CONTROL SYSTEM, BY COMPONENT, 20162019 (USD MILLION)
TABLE 26 HVAC CONTROLS MARKET FOR HUMIDITY CONTROL SYSTEM, BY COMPONENT, 20202025 (USD MILLION)
FIGURE 31 HUMIDITY CONTROL SYSTEM MARKET FOR RESIDENTIAL APPLICATION TO GROW AT HIGHEST CAGR BETWEEN 2020 AND 2025
TABLE 27 HVAC CONTROLS MARKET FOR HUMIDITY CONTROL SYSTEM, BY APPLICATION, 20162019 (USD MILLION)
TABLE 28 HVAC CONTROLS MARKET FOR HUMIDITY CONTROL SYSTEM, BY APPLICATION, 20202025 (USD MILLION)
TABLE 29 HVAC CONTROLS MARKET FOR HUMIDITY CONTROL SYSTEM, BY REGION, 20162019 (USD MILLION)
TABLE 30 HVAC CONTROLS MARKET FOR HUMIDITY CONTROL SYSTEM, BY REGION, 20202025 (USD MILLION)
7.5 INTEGRATED CONTROL SYSTEMS
7.5.1 INTEGRATED CONTROL SYSTEMS ENSURE HIGHER ENERGY EFFICIENCY AND POWER SAVING BY OFFERING BENEFITS OF ALL HVAC CONTROL SYSTEMS IN A SINGLE UNIT
TABLE 31 HVAC CONTROLS MARKET FOR INTEGRATED CONTROL SYSTEM, BY COMPONENT, 20162019 (USD MILLION)
TABLE 32 HVAC CONTROLS MARKET FOR INTEGRATED CONTROL SYSTEM, BY COMPONENT, 20202025 (USD MILLION)
TABLE 33 HVAC CONTROLS MARKET FOR INTEGRATED CONTROL SYSTEM, BY APPLICATION, 20162019 (USD MILLION)
TABLE 34 HVAC CONTROLS MARKET FOR INTEGRATED CONTROL SYSTEM, BY APPLICATION, 20202025 (USD MILLION)
TABLE 35 HVAC CONTROLS MARKET FOR INTEGRATED CONTROL SYSTEM, BY REGION, 20162019 (USD MILLION)
FIGURE 32 NORTH AMERICA TO HOLD LARGEST SIZE OF HVAC CONTROLS MARKET FOR INTEGRATED CONTROL SYSTEM BY 2025
TABLE 36 HVAC CONTROLS MARKET FOR INTEGRATED CONTROL SYSTEM, BY REGION, 20202025 (USD MILLION)
8 HVAC CONTROLS MARKET, BY COMPONENT (Page No. - 95)
8.1 INTRODUCTION
FIGURE 33 HVAC CONTROLS MARKET, BY COMPONENT
FIGURE 34 CONTROLLERS AND CONTROLLED EQUIPMENT TO ACCOUNT FOR LARGER SIZE OF HVAC CONTROLS MARKET DURING FORECAST PERIOD
TABLE 37 HVAC CONTROLS MARKET, BY COMPONENT, 20162019 (USD BILLION)
TABLE 38 HVAC CONTROLS MARKET, BY COMPONENT, 20202025 (USD BILLION)
8.2 SENSORS
TABLE 39 HVAC CONTROLS MARKET, IN TERMS OF VALUE AND VOLUME, BY SENSOR, 20162019
TABLE 40 HVAC CONTROLS MARKET, IN TERMS OF VALUE AND VOLUME, BY SENSOR, 20202025
8.2.1 BY TYPE
8.2.1.1 Temperature and humidity sensors
8.2.1.1.1 Temperature and humidity sensors are most commonly used sensors in HVAC control systems
FIGURE 35 WORKING OF THERMOCOUPLES
FIGURE 36 WORKING OF THERMOCOUPLES
8.2.1.2 Occupancy sensors
8.2.1.2.1 Major types of sensors and technologies used for making occupancy sensors are infrared, ultrasonic, and microwave
8.2.1.3 Pressure sensors
8.2.1.3.1 Pressure sensors measure airflow and air pressure to ensure effective air distribution necessary for ventilation control systems
8.2.1.4 Flow sensors
8.2.1.4.1 Flow sensors are becoming smarter with emergence of microcontrollers, remote two-way communication, self-diagnosis capability, and other smart functions
8.2.1.5 Other sensors
TABLE 41 HVAC CONTROLS MARKET, BY SENSOR TYPE, 20162019 (USD MILLION)
FIGURE 37 HVAC CONTROLS MARKET FOR OCCUPANCY SENSORS TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
TABLE 42 HVAC CONTROLS MARKET, BY SENSOR TYPE, 20202025 (USD MILLION)
TABLE 43 HVAC CONTROLS MARKET FOR SENSORS, BY SYSTEM, 20162019 (USD MILLION)
TABLE 44 HVAC CONTROLS MARKET FOR SENSORS, BY SYSTEM TYPE, 20202025 (USD MILLION)
TABLE 45 HVAC CONTROLS MARKET FOR SENSORS, BY APPLICATION, 20162019 (USD MILLION)
TABLE 46 HVAC CONTROLS MARKET FOR SENSORS, BY APPLICATION, 20202025 (USD MILLION)
TABLE 47 HVAC CONTROLS MARKET FOR SENSORS, BY REGION, 20162019 (USD MILLION)
TABLE 48 HVAC CONTROLS MARKET FOR SENSORS, BY REGION, 20202025 (USD MILLION)
8.2.2 SENSORS, BY CONNECTION TYPE
TABLE 49 HVAC CONTROLS MARKET, BY CONNECTION TYPE, 20162019 (USD MILLION)
FIGURE 38 WIRED SENSORS TO HOLD LARGEST SIZE OF HVAC CONTROLS MARKET IN 2025
TABLE 50 HVAC CONTROLS MARKET, BY CONNECTION TYPE, 20202025 (USD MILLION)
8.2.2.1 Wired sensors
8.2.2.1.1 Wired sensors make HVAC control system bulky and clustered
TABLE 51 HVAC CONTROLS MARKET FOR WIRED SENSORS, BY APPLICATION, 20162019 (USD MILLION)
TABLE 52 HVAC CONTROLS MARKET FOR WIRED SENSORS, BY APPLICATION, 20202025 (USD MILLION)
8.2.2.2 Wireless sensors
8.2.2.2.1 Reduced installation cost, miniaturization of sensor nodes, and better connectivity than wired sensors are major factors that accelerate demand for wireless sensors
TABLE 53 HVAC CONTROLS MARKET FOR WIRELESS SENSORS, BY APPLICATION, 20162019 (USD MILLION)
TABLE 54 HVAC CONTROLS MARKET FOR WIRELESS SENSORS, BY APPLICATION, 20202025 (USD MILLION)
8.3 CONTROLLERS AND CONTROLLED DEVICES
8.3.1 CONTROLLED EQUIPMENT
8.3.1.1 Control valves
8.3.1.1.1 Control valves manage pressure, temperature, and liquid levels by constricting or loosening flow passage using signals given by controllers
8.3.1.2 Heating and cooling coils
8.3.1.2.1 Heating and cooling coils play crucial role in HVAC control systems by monitoring temperature change
8.3.1.3 Dampers
8.3.1.3.1 Various types of dampers such as parallel and opposed blade dampers and round dampers are available in market
8.3.1.4 Actuators
8.3.1.4.1 Selection of actuator type depends on characteristics and choice of control system
8.3.1.5 Pumps and fans
8.3.1.5.1 Pumps and fans support functions of chillers, boilers, cooling towers, domestic water systems, and hydronic distribution systems
8.3.2 SMART VENTS
8.3.2.1 Implementation of smart vents is highly economical
8.3.3 CONTROLLERS
8.3.3.1 Controllers can be qualified as airside controllers, chiller controllers, general controllers, and variable frequency drives
8.3.3.2 VAV controllers
8.3.3.2.1 VAV controllers analyze need for ventilation and operate air handling units to continuously provide fresh air
8.3.3.3 FCU controllers
8.3.3.3.1 FCUs can be less expensive to install than ducted systems and are available in ceiling, freestanding, and floor-mounted configurations
TABLE 55 HVAC CONTROLS MARKET, BY CONTROLLER AND CONTROLLED EQUIPMENT, 20162019 (USD MILLION)
TABLE 56 HVAC CONTROLS MARKET, BY CONTROLLER AND CONTROLLED EQUIPMENT, 20202025 (USD MILLION)
TABLE 57 HVAC CONTROLS MARKET FOR CONTROLLER AND CONTROLLED EQUIPMENT, BY SYSTEM, 20162019 (USD MILLION)
TABLE 58 HVAC CONTROLS MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY SYSTEM, 20202025 (USD MILLION)
TABLE 59 HVAC CONTROLS MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY APPLICATION, 20162019 (USD MILLION)
FIGURE 39 COMMERCIAL APPLICATIONS TO HOLD LARGEST SIZE OF HVAC CONTROLS MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT DURING FORECAST PERIOD
TABLE 60 HVAC CONTROLS MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY APPLICATION, 20202025 (USD MILLION)
TABLE 61 HVAC CONTROLS MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY REGION, 20162019 (USD MILLION)
TABLE 62 HVAC CONTROLS MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY REGION, 20202025 (USD MILLION)
9 TYPE OF CONTROL SYSTEMS IN HVAC CONTROL SYSTEMS (Page No. - 115)
9.1 INTRODUCTION
FIGURE 40 TYPES OF CONTROL SYSTEMS
9.2 DIRECT ACTING SYSTEMS
9.2.1 DIRECT-ACTING SYSTEMS FACILITATE INDIVIDUAL AND INEXPENSIVE EMITTER CONTROL
9.3 ELECTRIC/ELECTRONIC SYSTEMS
9.3.1 ELECTRIC SYSTEMS ELIMINATE PERSONNEL SAFETY AND FIRE RISKS ASSOCIATED WITH LINE VOLTAGE
9.4 PNEUMATIC SYSTEMS
9.4.1 PNEUMATIC CONTROL SYSTEMS ARE MAINLY USED IN LARGE BUILDINGS AS THEY CAN FACILITATE BOTH ON-OFF AND MODULATING CONTROL
10 HVAC CONTROLS MARKET, BY IMPLEMENTATION TYPE (Page No. - 117)
10.1 INTRODUCTION
FIGURE 41 HVAC CONTROLS MARKET, BY IMPLEMENTATION TYPE
FIGURE 42 NEW CONSTRUCTION SEGMENT TO DOMINATE HVAC CONTROLS MARKET DURING FORECAST PERIOD
TABLE 63 HVAC CONTROLS MARKET, BY IMPLEMENTATION TYPE, 20162019 (USD BILLION)
TABLE 64 HVAC CONTROLS MARKET, BY IMPLEMENTATION TYPE, 20202025 (USD BILLION)
10.2 NEW CONSTRUCTION
10.2.1 NEW CONSTRUCTION HOLDS LARGER SHARE OF HVAC CONTROLS MARKET
10.3 RETROFIT
10.3.1 HVAC RETROFITS ARE UNDERTAKEN TO ENSURE COST-EFFECTIVE SYSTEM PERFORMANCE IMPROVEMENT AND ENERGY SAVING
FIGURE 43 BENEFITS OF RETROFIT IMPLEMENTATION STRATEGY
11 HVAC CONTROLS MARKET, BY APPLICATION (Page No. - 122)
11.1 INTRODUCTION
FIGURE 44 HVAC CONTROLS MARKET, BY APPLICATION
FIGURE 45 COMMERCIAL APPLICATIONS TO DOMINATE HVAC CONTROLS MARKET DURING FORECAST PERIOD
TABLE 65 HVAC CONTROLS MARKET, BY APPLICATION, 20162019 (USD BILLION)
TABLE 66 HVAC CONTROLS MARKET, BY APPLICATION, 20202025 (USD BILLION)
11.2 IMPACT OF COVID-19 ON APPLICATION SEGMENTS OF HVAC CONTROLS MARKET
11.3 RESIDENTIAL
11.3.1 TAX CREDITS AND INCENTIVES OFFERED BY GOVERNMENTS IN DEVELOPED COUNTRIES SUPPORT ADOPTION OF HVAC CONTROL SYSTEMS IN RESIDENTIAL APPLICATIONS
TABLE 67 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS, BY COMPONENT, 20162019 (USD MILLION)
TABLE 68 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS, BY COMPONENT, 20202025 (USD MILLION)
TABLE 69 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS, BY CONNECTION TYPE, 20162019 (USD MILLION)
TABLE 70 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS, BY CONNECTION TYPE, 20202025 (USD MILLION)
TABLE 71 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS, BY SYSTEM, 20162019 (USD MILLION)
TABLE 72 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS, BY SYSTEM, 20202025 (USD MILLION)
TABLE 73 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS, BY IMPLEMENTATION TYPE, 20162019 (USD BILLION)
TABLE 74 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS, BY IMPLEMENTATION TYPE, 20202025 (USD BILLION)
TABLE 75 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 20162019 (USD MILLION)
TABLE 76 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 20202025 (USD MILLION)
11.4 COMMERCIAL
TABLE 77 DIFFERENCE BETWEEN RESIDENTIAL AND COMMERCIAL APPLICATIONS
11.4.1 OFFICE BUILDINGS
11.4.1.1 The use of HVAC controls in office buildings is driven by the adoption of smart, green, and environmentally friendly buildings
11.4.2 EDUCATION CENTERS
11.4.2.1 The use of advanced sensors, along with controlled devices in HVAC controls, helps in reducing the power consumption and keep it at optimum levels
11.4.3 HEALTHCARE FACILITIES
11.4.3.1 The use of HVAC controls helps in conserving energy and channelizing its use for life-saving purposes in a healthcare center
11.4.4 HOSPITALITY CENTERS
11.4.4.1 The use of HVAC controls helps optimize energy usage without causing any discomfort to occupants in hospitality centers
11.4.5 RETAIL STORES
11.4.5.1 Pre-programmed thermostats and smart sensors can be used for managing HVAC systems to save energy and carry out operations in the retail stores
11.4.6 OTHERS
TABLE 78 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS, BY COMPONENT, 20162019 (USD BILLION)
TABLE 79 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS, BY COMPONENT, 20202025 (USD BILLION)
TABLE 80 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS, BY CONNECTION TYPE, 20162019 (USD MILLION)
TABLE 81 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS, BY CONNECTION TYPE, 20202025 (USD MILLION)
TABLE 82 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS, BY SYSTEM, 20162019 (USD MILLION)
TABLE 83 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS, BY SYSTEM, 20202025 (USD MILLION)
TABLE 84 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS, BY IMPLEMENTATION TYPE, 20162019 (USD BILLION)
TABLE 85 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATION, BY IMPLEMENTATION TYPE, 20202025 (USD BILLION)
TABLE 86 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 20162019 (USD MILLION)
TABLE 87 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 20202025 (USD MILLION)
11.5 INDUSTRIAL
11.5.1 HVAC SYSTEMS PROVIDE EFFICIENT TEMPERATURES BY MAINTAINING ACCURATE TEMPERATURES AND HUMIDITY ACCORDING TO REQUIREMENTS IN THE MANUFACTURING ZONE
TABLE 88 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY COMPONENT, 20162019 (USD BILLION)
TABLE 89 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY COMPONENT, 20202025 (USD BILLION)
TABLE 90 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY CONNECTION TYPE, 20162019 (USD MILLION)
TABLE 91 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY CONNECTION TYPE, 20202025 (USD MILLION)
TABLE 92 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY SYSTEM, 20162019 (USD MILLION)
TABLE 93 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY SYSTEM, 20202025 (USD MILLION)
TABLE 94 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY IMPLEMENTATION TYPE, 20162019 (USD BILLION)
TABLE 95 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY IMPLEMENTATION TYPE, 20202025 (USD BILLION)
TABLE 96 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 20162019 (USD MILLION)
TABLE 97 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 20202025 (USD MILLION)
12 GEOGRAPHIC ANALYSIS (Page No. - 139)
12.1 INTRODUCTION
FIGURE 46 HVAC CONTROLS MARKET, BY REGION
FIGURE 47 REGIONAL SNAPSHOT: INDIA TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD
FIGURE 48 HVAC CONTROLS MARKET IN APAC TO HOLD LARGEST SIZE DURING FORECAST PERIOD
TABLE 98 HVAC CONTROLS MARKET, BY REGION, 20162019 (USD BILLION)
TABLE 99 HVAC CONTROLS MARKET, BY REGION, 20202025 (USD BILLION)
12.2 NORTH AMERICA
FIGURE 49 NORTH AMERICA: MARKET SNAPSHOT
TABLE 100 HVAC CONTROLS MARKET IN NORTH AMERICA, BY COUNTRY, 20162019 (USD BILLION)
TABLE 101 HVAC CONTROLS MARKET IN NORTH AMERICA, BY COUNTRY, 20202025 (USD BILLION)
TABLE 102 HVAC CONTROLS MARKET IN NORTH AMERICA, BY COMPONENT, 20162019 (USD BILLION)
TABLE 103 HVAC CONTROLS MARKET IN NORTH AMERICA, BY COMPONENT, 20202025 (USD BILLION)
TABLE 104 HVAC CONTROLS MARKET IN NORTH AMERICA, BY SYSTEM, 20152023 (USD MILLION)
TABLE 105 HVAC CONTROLS MARKET IN NORTH AMERICA, BY SYSTEM, 20202025 (USD MILLION)
TABLE 106 HVAC CONTROLS MARKET IN NORTH AMERICA, BY APPLICATION, 20162019 (USD BILLION)
TABLE 107 HVAC CONTROLS MARKET IN NORTH AMERICA, BY APPLICATION, 20202025 (USD BILLION)
12.2.1 US
12.2.1.1 The HVAC controls market in the US is driven by the increasing use of HVAC controls in existing and new residential and commercial buildings use of HVAC controls in existing and new residential and commercial buildings
12.2.2 CANADA
12.2.2.1 Environmental awareness among consumers of energy-efficient technologies is driving the HVAC controls market in Canada
12.2.3 MEXICO
12.2.3.1 The HVAC controls market in Mexico has huge potential and is attracting many foreign investors
12.3 EUROPE
FIGURE 50 EUROPE: MARKET SNAPSHOT
TABLE 108 HVAC CONTROLS MARKET IN EUROPE, BY COUNTRY, 20162019 (USD MILLION)
TABLE 109 HVAC CONTROLS MARKET IN EUROPE, BY COUNTRY, 20202025 (USD MILLION)
TABLE 110 HVAC CONTROLS MARKET IN EUROPE, BY COMPONENT, 20162019 (USD BILLION)
TABLE 111 HVAC CONTROLS MARKET IN EUROPE, BY COMPONENT, 20202025 (USD BILLION)
TABLE 112 HVAC CONTROLS MARKET IN EUROPE, BY SYSTEM, 20152023 (USD MILLION)
TABLE 113 HVAC CONTROLS MARKET IN EUROPE, BY SYSTEM, 20202025 (USD MILLION)
TABLE 114 HVAC CONTROLS MARKET IN EUROPE, BY APPLICATION, 20162019 (USD MILLION)
TABLE 115 HVAC CONTROLS MARKET IN EUROPE, BY APPLICATION, 20202025 (USD MILLION)
12.3.1 UK
12.3.1.1 The expansion of construction industry in UK is fuelling the growth of the HVAC controls market
12.3.2 GERMANY
12.3.2.1 The adoption of zero-energy systems and smart HVAC devices and the development of smart cities are expected to propel the demand for HVAC controls
TABLE 116 GERMAN GREENHOUSE GAS EMISSION REDUCTION SECTOR TARGETS 2030
12.3.3 FRANCE
12.3.3.1 The rising demand in the smart homes market in France is expected to fuel the demand for HVAC controls in this country
12.3.4 REST OF EUROPE
12.4 APAC
FIGURE 51 APAC: MARKET SNAPSHOT
TABLE 117 HVAC CONTROLS MARKET IN APAC, BY COUNTRY, 20162019 (USD BILLION)
TABLE 118 HVAC CONTROLS MARKET IN APAC, BY COUNTRY, 20202025 (USD BILLION)
TABLE 119 HVAC CONTROLS MARKET IN APAC, BY COMPONENT, 20162019 (USD BILLION)
TABLE 120 HVAC CONTROLS MARKET IN APAC, BY COMPONENT, 20202025 (USD BILLION)
TABLE 121 HVAC CONTROLS MARKET IN APAC, BY SYSTEM, 20152023 (USD MILLION)
TABLE 122 HVAC CONTROLS MARKET IN APAC, BY SYSTEM, 20202025 (USD MILLION)
TABLE 123 HVAC CONTROLS MARKET IN APAC, BY APPLICATION, 20162019 (USD BILLION)
TABLE 124 HVAC CONTROLS MARKET IN APAC, BY APPLICATION, 20202025 (USD BILLION)
12.4.1 CHINA
12.4.1.1 China has a large construction industry, which is driven by the need to meet the increasing demand for HVAC in the country
12.4.2 INDIA
12.4.2.1 Initiatives such as Foreign Direct Investment (FDI), expansion of metro rail, and smart city projects are expected to boost the demand for HVAC controls in this country
12.4.3 JAPAN
12.4.3.1 The compactness of the housing systems and the need for energy efficiency is driving the use of HVAC controls in this country
12.4.4 REST OF APAC
12.5 ROW
TABLE 125 HVAC CONTROLS MARKET IN ROW, BY REGION, 20162019 (USD MILLION)
TABLE 126 HVAC CONTROLS MARKET IN ROW, BY REGION, 20202025 (USD MILLION)
TABLE 127 HVAC CONTROLS MARKET IN ROW, BY COMPONENT, 20162019 (USD BILLION)
TABLE 128 HVAC CONTROLS MARKET IN ROW, BY COMPONENT, 20202025 (USD BILLION)
TABLE 129 HVAC CONTROLS MARKET IN ROW, BY SYSTEM, 20152023 (USD MILLION)
TABLE 130 HVAC CONTROLS MARKET IN ROW, BY SYSTEM, 20202025 (USD MILLION)
TABLE 131 HVAC CONTROLS MARKET IN ROW, BY APPLICATION, 20162019 (USD MILLION)
TABLE 132 HVAC CONTROLS MARKET IN ROW, BY APPLICATION, 20202025 (USD MILLION)
12.5.1 SOUTH AMERICA
12.5.1.1 Development of residential and commercial sectors aiding growth of HVAC controls market
12.5.2 MIDDLE EAST & AFRICA
12.5.2.1 African governments have implemented programs for energy-saving and increasing efficiency of HVAC
13 COMPETITIVE LANDSCAPE (Page No. - 163)
13.1 INTRODUCTION
13.2 TOP 5 COMPANY REVENUE ANALYSIS
FIGURE 52 HVAC CONTROLS MARKET: REVENUE ANALYSIS (2019)
13.3 MARKET SHARE ANALYSIS, 2019
TABLE 133 HVAC CONTROLS MARKET: MARKET SHARE ANALYSIS (2019)
13.4 COMPANY EVALUATION MATRIX
13.4.1 STAR
13.4.2 PERVASIVE
13.4.3 EMERGING LEADERS
13.4.4 PARTICIPANT
FIGURE 53 HVAC CONTROLS MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2019
13.5 SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION QUADRANT, 2019
13.5.1 PROGRESSIVE COMPANIES
13.5.2 RESPONSIVE COMPANIES
13.5.3 DYNAMIC COMPANIES
13.5.4 STARTING BLOCKS
FIGURE 54 HVAC CONTROLS MARKET (GLOBAL), SME EVALUATION QUADRANT, 2019
13.5.5 HVAC CONTROLS MARKET: PRODUCT FOOTPRINT
TABLE 134 PRODUCT FOOTPRINT OF COMPANIES
TABLE 135 APPLICATION FOOTPRINT OF COMPANIES
TABLE 136 REGIONAL FOOTPRINT OF COMPANIES
13.6 COMPETITIVE SITUATIONS AND TRENDS
TABLE 137 HVAC CONTROLS MARKET: PRODUCT LAUNCHES
TABLE 138 HVAC CONTROLS MARKET: DEALS
14 COMPANY PROFILES (Page No. - 173)
14.1 INTRODUCTION
14.2 IMPACT OF COVID-19 ON PLAYERS OF HVAC CONTROLS MARKET
14.3 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, and SWOT Analysis)*
14.3.1 HONEYWELL INTERNATIONAL INC
FIGURE 55 HONEYWELL: COMPANY SNAPSHOT
14.3.2 JOHNSON CONTROLS
FIGURE 56 JOHNSON CONTROLS: COMPANY SNAPSHOT
14.3.3 SCHNEIDER ELECTRIC
FIGURE 57 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
14.3.4 SIEMENS
FIGURE 58 SIEMENS: COMPANY SNAPSHOT
14.3.5 CARRIER GLOBAL CORPORATION
FIGURE 59 CARRIER GLOBAL CORPORATION: COMPANY SNAPSHOT
14.3.6 EMERSON ELECTRIC
FIGURE 60 EMERSON ELECTRIC: COMPANY SNAPSHOT
14.3.7 TRANE TECHNOLOGIES PLC
FIGURE 61 INGERSOLL-RAND: COMPANY SNAPSHOT
14.3.8 LENNOX
FIGURE 62 LENNOX: COMPANY SNAPSHOT
14.3.9 DELTA CONTROLS
14.3.10 DISTECH CONTROLS
* Business Overview, Products Offered, Recent Developments, and SWOT Analysis might not be captured in case of unlisted companies.
14.4 OTHER KEY PLAYERS
14.4.1 KMC CONTROLS
14.4.2 DAIKIN INDUSTRIES
14.4.3 LG ELECTRONICS
14.4.4 JACKSON SYSTEMS
14.4.5 ASTRONICS PECO
14.4.6 ECOBEE
14.4.7 OJ ELECTRONICS
14.4.8 REGIN
14.4.9 SALUS
14.4.10 SAUTER
14.4.11 MITSUBISHI ELECTRIC
14.4.12 AZBIL
14.4.13 BOSCH
14.4.14 COMPUTROLS
14.4.15 CUBIC SENSOR AND INSTRUMENT CO, LTD.
15 RELATED REPORT (Page No. - 212)
15.1 HVAC SYSTEM MARKET
15.1.1 HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT
FIGURE 63 HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT
FIGURE 64 AIR-HANDLING UNITS TO HOLD LARGEST SIZE OF HVAC SYSTEM MARKET IN 2025
TABLE 139 HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 20172025 (USD BILLION)
TABLE 140 HVAC SYSTEM MARKET FOR VENTILATION EQUIPMENT, BY APPLICATION, 20172025 (USD BILLION)
TABLE 141 HVAC SYSTEM MARKET FOR VENTILATION EQUIPMENT, BY REGION, 20172025 (USD BILLION)
15.1.2 AIR-HANDLING UNITS
15.1.2.1 Commercial segment to account for largest size of air-handling units
TABLE 142 VENTILATION EQUIPMENT MARKET FOR AIR-HANDLING UNITS, BY APPLICATION, 20172025 (USD BILLION)
TABLE 143 VENTILATION EQUIPMENT MARKET FOR AIR-HANDLING UNITS, BY REGION, 20172025 (USD BILLION)
15.1.3 AIR FILTERS
15.1.3.1 APAC to hold largest size of air filters
TABLE 144 VENTILATION EQUIPMENT MARKET FOR AIR FILTERS, BY APPLICATION, 20172025 (USD BILLION)
TABLE 145 VENTILATION EQUIPMENT MARKET FOR AIR FILTERS, BY REGION, 20172025 (USD MILLION)
15.1.4 DEHUMIDIFIERS
15.1.4.1 Industrial segment to account for largest size of dehumidifiers
15.1.4.2 Refrigeration dehumidifiers
15.1.4.3 Absorption dehumidifiers
TABLE 146 VENTILATION EQUIPMENT MARKET FOR DEHUMIDIFIERS, BY APPLICATION, 20172025 (USD BILLION)
TABLE 147 VENTILATION EQUIPMENT MARKET FOR DEHUMIDIFIERS, BY REGION, 20172025 (USD MILLION)
15.1.5 VENTILATION FANS
15.1.5.1 APAC to hold largest size of Ventilation fans
15.1.5.2 Crossflow fans
15.1.5.3 Axial fans
15.1.5.4 Centrifugal fans
15.1.5.5 Domestic fans
15.1.5.6 Range hood fans
15.1.5.7 Power roof fans
TABLE 148 VENTILATION EQUIPMENT MARKET FOR VENTILATION FANS, BY APPLICATION, 20172025 (USD BILLION)
TABLE 149 VENTILATION EQUIPMENT MARKET FOR VENTILATION FANS, BY REGION, 20172025 (USD MILLION)
15.1.6 HUMIDIFIERS
15.1.6.1 Commercial segment to account for largest size of humidifiers
15.1.6.2 Warm-mist humidifiers
15.1.6.3 Ultrasonic humidifiers
15.1.6.4 Cool-mist humidifiers
TABLE 150 VENTILATION EQUIPMENT MARKET FOR HUMIDIFIERS, BY APPLICATION, 20172025 (USD MILLION)
TABLE 151 VENTILATION EQUIPMENT MARKET FOR HUMIDIFIERS, BY REGION, 20172025 (USD MILLION)
15.1.7 AIR PURIFIERS
15.1.7.1 Air purifier market in APAC to grow at highest CAGR during forecast period
15.1.7.2 HEPA air purifiers
15.1.7.3 Activated carbon air purifiers
15.1.7.4 Electrostatic air purifiers
15.1.7.5 Ionic air purifiers
TABLE 152 VENTILATION EQUIPMENT MARKET FOR AIR PURIFIERS, BY APPLICATION, 20172025 (USD MILLION)
TABLE 153 VENTILATION EQUIPMENT MARKET FOR AIR PURIFIERS, BY REGION, 20172025 (USD MILLION)
16 APPENDIX (Page No. - 223)
16.1 INSIGHTS OF INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
16.4 AVAILABLE CUSTOMIZATIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
The study involves four major activities for estimating the size of the HVAC controls market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the HVAC controls market. After that, market breakdown and data triangulation procedures have been used to determine the extent of different segments and subsegments of the market.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources such as encyclopedias, directories, databases, the association for computing machinery, animation magazine, and VFX voice have been used to identify and collect information for an extensive technical and commercial study of the HVAC controls market.
Primary Research
In the primary research process, primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information, as well as assess prospects. Key players in the HVAC controls market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research includes the study of annual reports of the top market players and interviews with key opinion leaders, such as chief executive officers (CEOs), directors, and marketing personnel.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the HVAC controls market and other dependent submarkets listed in this report.
- The key players in the industry and markets have been identified through extensive secondary research.
- Both the supply chain of the industry and the market size, in terms of value, have been determined through primary and secondary research.
- All percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size, the total market has been split into several segments. To complete the overall market engineering process and arrive at exact statistics for all segments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
Study Objectives:
- To define and forecast the HVAC controls market, in terms of value and volume, implementation type, system, component, and application
- To describe and forecast the HVAC controls market, in terms of value, for regions such as North America, Europe, Asia Pacific (APAC), and the Rest of World (RoW), along with their respective countries
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
- To study the complete value chain of the HVAC controls market
- To provide a detailed impact of COVID-19 on the HVAC controls market
- To provide the impact of COVID-19 on the market segments and the players operating in the HVAC controls market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the HVAC controls ecosystem
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with a detailed competitive landscape for market leaders
- To analyze strategic approaches such as product launches, collaborations, contracts, acquisitions, agreements, expansion, and partnerships in the HVAC controls market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report.
Company information:
- Detailed analysis and profiling of additional market players (up to 15)
Get in-depth analysis of the COVID-19 impact on the HVAC Controls Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the HVAC Controls Market
Request For Special Pricing
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the HVAC Controls Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in HVAC Controls Market