HVAC Controls Market by Component (Sensors, Controllers, and Controlled Equipment), System, Implementation Type (New Construction, Retrofit), Application (Residential, Commercial, Industrial) and Region - Global Forecast to 2027
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 segments—Gas 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..
HVAC controls market report share is estimated to be USD 17.2 billion in 2022 and is projected to reach USD 26.7 billion by 2027; it is expected to grow at a CAGR of 9.2% from 2022 to 2027. The major factors driving the growth of the market include the consolidation trend of smart homes, the boom in the construction sector, the emergence of IoT-enabled HVAC systems, and the need to achieve energy efficiency in buildings.
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HVAC controls market dynamics
Driver: Surging demand for smart building automation for homes and offices
Smart building technologies such as building automation are increasingly being adopted as they automate processes and reduce human intervention, improve the efficiency of the HVAC systems, eliminate energy wastage, and diminish cost. Post-COVID-19, organizations have started resuming offices. Generally, offices are huge enough to accommodate a large number of employees. Hence, the energy consumption of conventional HVAC systems and lighting is very high in offices, resulting in high operational costs as the systems are continuously being operated. Hence, companies are focusing on reducing costs by implementing smart building automation technologies, which can detect the presence of an occupant in a specific room or an area. This will enable building automation systems to operate the HVAC and lighting systems in rooms in which employees are occupied, reducing energy consumption and thereby decreasing costs.
Restraint: High costs and technical complexities involved in implementing HVAC systems
A new HVAC system is an important investment decision for residential buyers as the cost of the device is propagated with the lifespan of the HVAC system. Huge investments are required to upgrade control systems and develop innovative HVAC control systems. This makes it difficult for small and mid-sized enterprises (SMEs) to enter the HVAC controls market. HVAC systems require fine-tuning and the custom fabrication of parts during installation for their efficient working and to avoid failure. Thus, professionals are needed for the proper installation of HVAC systems. If the installation is not done by professionals, then the end-user may need to pay more in the long run for repairs and operations as it may not work efficiently. Additionally, the requirement for skilled labor adds to the cost of system installation. Thus, it may hinder the implementation of HVAC systems
Opportunity: Growing demand for cloud computing in HVAC
The increased adoption of cloud computing has offered benefits for various industry sectors by providing advanced Artificial Intelligence capabilities for various applications, including HVAC. The advanced application of cloud computing and IoT is Digital twin; a real-time-based simulation of the system model, which takes real-time operational data of the HVAC system and performs simulation to reduce operational cost; provides information on the optimal maintenance schedule of HVAC equipment and perform remote diagnostics. Digital twins can help create smarter buildings by automating processes through machine learning.
In March 2022, Carrier China, a part of Carrier Global Corporation, provided 30 AquaEdge 19XRV low-voltage variable frequency centrifugal chillers and Carrier Comfort Network communicating controls to the Zhejiang Cloud Computing Center that supports up to 200,000 servers. The integrated controls will help to reduce operating expenses and allow facility managers to monitor performance remotely and manage preventative maintenance to keep the chillers running according to the operational needs.
Challenge: Complexity in retrofitting HVAC controls in existing systems
Governments of various countries have made guidelines and regulations to upgrade their existing HVAC systems as part of environmental requirements. However, the upgradation of such systems is quite complex and cost intensive and time consuming. For instance, if a user installs new HVAC equipment in the existing ductwork of the house, it can affect the installation costs, depending on its ductwork condition. It would be not recommended to install a new central air conditioner if the ductwork has leaks or if the zone control systems are malfunctioning. Since the repair work must be done before the new air conditioner can be installed, it will increase the installation costs.
Market for HVAC control sensors to hold the highest CAGR during the forecast period
HVAC control sensors are expected to grow at the highest CAGR during the forecast period. Amogn the different sensors used, temperature and humidity sensors are the most widely used sensors in an HVAC control system. The rapid technological growth in IoT and Ai devices have propelled the market for smart sensors used in HVAC control systems. Moreover, the integration of wireless sensors into HVAC controls ensures the optimum utilization of the space for setting up an entire system. Reduced installation cost, miniaturization of sensor nodes, and better connectivity than wired sensors are the major factors that accelerate the demand for wireless sensors.
HVAC controls market for temperature control systems to hold the highest market share from 2022 to 2027
Temperature control systems automatically control the temperature of a zone or an area. They sense and measure the temperature of an indoor area and accordingly to the temperature set as input by the user. They heat or cool the area to reach the set 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. The thermostat is a prime example of a temperature control system. In 2016, only 11% of US households owned a smart thermostat. By January 2022, the number reached 24% and is still growing. Energy efficiency and long-term cost savings are usually among the top reasons homeowners are demanding smart thermostats.
HVAC controls market for new construction to hold the highest CAGR from 2022 to 2027
The HVAC controls market for new construction is expected to grow at a higher CAGR from 2022 to 2027. Rapid urbanization and economic growth and high disposable income in emerging countries of Asia Pacific, the Middle East, and Africa are fueling the growth of the market for new constructions. Governments of various countries are investing in infrastructure development, which increases the demand for smart technologies. Additionally, the growing population in Asia Pacific, increasing focus on the tourism industry in the Middle East, and rising focus on human welfare development are other major factors driving the market for new constructions in these regions.
HVAC controls market across commercial application to hold the highest market share during the forecast period
The HVAC controls market for commercial applications is expected to grow at the highest CAGR from 2022 to 2027. The commercial applications of HVAC controls include shopping malls, educational institutions, and healthcare institutions. The rise of globalization and the increase in investments for developing profitable commercial infrastructures, which include building automation systems and controls have contributed to the growth of the market for commercial applications. The growing tourism industry in Asia Pacific and RoW has accelerated the growth of the market for commercial infrastructure, wherein HVAC controls are installed across commercial buildings such as hotels and offices to ensure guest comfort. Moreover, growing investments by governments in the construction of commercial spaces is another crucial factor that will propel the growth of the market in the coming years.
HVAC controls market in Asia Pacific to hold the highest market share during the forecast period
Asia Pacific held the largest share of the HVAC controls market in 2021; it is expected to register the highest growth rate from 2022 to 2027. Asia Pacific has been a major contributor to the growth of the overall market as this region has a huge market for the construction industry, which is the primary end-user of HVAC controls. The growing population in developing countries of 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 are also aiding the adoption of HVAC controls in the region.
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HVAC Controls Market Players
The HVAC controls market is dominated by players such as Honeywell International Inc. (US), Johnson Controls (US), Siemens (Germany), Carrier (US), and Emerson Electric Co. (US).
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Scope of the HVAC Controls Report
|
Report Attributes |
Details |
|
Market Size Value in 2022 |
USD 17.2 Billion |
| Revenue Forecast in 2027 | USD 26.7 Billion |
| Growth Rate | 9.2% |
| Base Year Considered | 2021 |
| Historical Data Available for Years | 2018–2027 |
|
Forecast Period |
2022–2027 |
|
Segments Covered |
|
|
Region Covered |
|
| Market Leaders |
|
| Top Companies in North America |
|
| Key Market Driver | Surging demand for smart building automation for homes and offices |
| Key Market Opportunity | Growing demand for cloud computing in HVAC |
| Largest Growing Region | Asia Pacific |
| Largest Market Share Segment | Temperature Control System Segment |
| Highest CAGR Segment | HVAC Control Sensors Segment |
| Largest Application Market Share | Commercial Application |
The study categorizes the HVAC controls market based on component, system, implementation type, application at the regional and global levels.
HVAC controls market, by component
- Sensors
- Controllers and controlled equipment
HVAC controls market, by system
- Temperature control system
- Ventilation control system
- Humidty control system
- Integrated control system
HVAC controls market, By Implmenetaion Type
- New Construction
- Retrofit
HVAC controls market, By Application
- Residential
- Commercial
- Industrial
HVAC controls market, By Region
- North America
- Europe
- APAC
- RoW
Recent Developments
- In April 2022, Johnson Controls launched the YORK YVAA Variable Speed Drive Screw Chiller, featuring increased operating efficiency, a reduced footprint, and integration with low-GWP refrigerants
- In April 2022, Siemens added the PXC7 to its Desigo portfolio to offer even more flexibility to building automation practitioners. This new addition allows professionals to program heating, ventilation, and air conditioning (HVAC) applications for larger buildings
- In February 2022, Carrier acquired a stake in Toshiba for manufacturing variable refrigerant flow (VRF) and light commercial HVAC systems
- In February 2022, Carrier acquired Systemax, a solutions provider of automated building controls operating in Queensland and Northern Territory, Australia, and Papua New Guinea. Systemax is a contractor for automated logic controls in the country. The acquisition expanded Carrier’s global footprint in building automation and controls in the region
- In January 2022, Emerson launched the next generation of Copeland ZPK7 single-speed scroll compressors for residential and light commercial HVAC applications, including heat pumps, split air conditioning, packaged systems, rooftops and geothermal systems
Frequently Asked Questions (FAQs):
What is the market size for the HVAC controls market?
The HVAC controls market size is estimated to be USD 17.2 billion in 2022 and is projected to reach USD 26.7 billion by 2027; it is expected to grow at a CAGR of 9.2% from 2022 to 2027.
What are the major driving factors and opportunities in the HVAC controls market?
Some of the major driving factors for the growth of this market include surging demand for smart building automation for homes and offices, increasing government initiatives for sustainable and energy-efficient HVAC systems, growing need for improving indoor air quality of buildings with HVAC systems, and integration of IoT in HVAC systems. Growing demand for cloud computing in HVAC, and increasing trend of integrating smart devices with HVAC systems are the key growth opportunities for the players operating in the market.
Who are the leading players in the global HVAC controls market?
Companies such as Honeywell International Inc. (US), Johnson Controls (US), Siemens (Germany), Carrier (US), and Emerson Electric Co. (US) are the leading players in the market. Moreover, these companies rely on strategies that include new product launches and developments, partnerships and collaborations, and acquisitions. Such advantages give these companies an edge over other companies in the market.
What are some of the technological advancements in the market?
With smart technology, completely automated homes are also becoming a reality. Now, HVAC units can be connected with other smart appliances in the home and behave automatically based on climate conditions, occupant’s preferences, and settings. For example, when it is sunny and hot outside, the blinds may turn halfway down, the AC may turn on a cool, low fan setting to preserve energy, while the ceiling fan can turn on to circulate air at low power. Moreover, users can also give voice commands to their air-conditioning units. All appliances can be interconnected and adjusted according to each other.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 32)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 HVAC CONTROLS MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 38)
2.1 RESEARCH DATA
FIGURE 2 HVAC CONTROLS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 List of key primary interview participants
2.1.3.2 Breakdown of primaries
2.1.3.3 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market size using bottom-up analysis
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for arriving at market size using top-down analysis
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—IDENTIFICATION OF REVENUE GENERATED BY COMPANIES FROM HVAC CONTROL OFFERINGS
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND SIDE ANALYSIS FOR ESTIMATING SIZE OF HVAC CONTROLS MARKET
2.3 DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
TABLE 1 RESEARCH ASSUMPTIONS: MARKET
2.5 RESEARCH LIMITATIONS
2.6 RISK ASSESSMENT
TABLE 2 LIMITATIONS AND ASSOCIATED RISKS
3 EXECUTIVE SUMMARY (Page No. - 49)
FIGURE 9 TEMPERATURE CONTROL SYSTEMS TO HOLD LARGEST SHARE OF MARKET DURING FORECAST PERIOD
FIGURE 10 CONTROLLERS AND CONTROLLED EQUIPMENT TO ACCOUNT FOR LARGER SIZE OF MARKET DURING FORECAST PERIOD
FIGURE 11 NEW CONSTRUCTION IMPLEMENTATION TYPE TO REGISTER HIGHER CAGR IN MARKET DURING FORECAST PERIOD
FIGURE 12 COMMERCIAL APPLICATIONS TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 13 MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR FROM 2022 TO 2027
4 PREMIUM INSIGHTS (Page No. - 53)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR MARKET PLAYERS
FIGURE 14 BOOMING CONSTRUCTION SECTOR AND RISING USAGE OF IOT-ENABLED HVAC SYSTEMS TO DRIVE HVAC CONTROLS MARKET
4.2 MARKET IN NORTH AMERICA, BY COUNTRY AND BY COMPONENT
FIGURE 15 US AND HVAC CONTROLLERS & CONTROLLED EQUIPMENT ARE EXPECTED TO BE LARGEST SHAREHOLDERS OF NORTH AMERICAN MARKET IN 2022
4.3 MARKET FOR COMMERCIAL APPLICATIONS, BY SYSTEM
FIGURE 16 TEMPERATURE CONTROL SYSTEMS TO CONTINUE TO HOLD LARGEST SHARE OF MARKET FOR COMMERCIAL APPLICATIONS DURING FORECAST PERIOD
4.4 HVAC CONTROLS MARKET, BY COUNTRY
FIGURE 17 MARKET IN INDIA TO GROW AT HIGHEST CAGR FROM 2022 TO 2027
5 MARKET OVERVIEW (Page No. - 56)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 HVAC CONTROLS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1.1 Surging demand for smart building automation for homes and offices
5.2.1.2 Increasing government initiatives for sustainable and energy-efficient HVAC systems
5.2.1.3 Growing need for improving indoor air quality of buildings with HVAC systems
5.2.1.4 Integration of IoT in HVAC systems
FIGURE 19 MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High costs and technical complexities involved in implementing HVAC systems
FIGURE 20 MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Growing demand for cloud computing in HVAC
5.2.3.2 Increasing trend of integrating smart devices with HVAC systems
FIGURE 21 MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Complexity in retrofitting HVAC controls in existing systems
5.2.4.2 Low adoption due to lack of awareness
FIGURE 22 MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 23 MARKET: VALUE CHAIN ANALYSIS
5.4 PORTER’S FIVE FORCES ANALYSIS
TABLE 3 IMPACT OF PORTER’S FIVE FORCES ON MARKET, 2022–2027
5.5 KEY STAKEHOLDERS AND BUYING CRITERIA
5.5.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 24 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS
TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
5.5.2 BUYING CRITERIA
FIGURE 25 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
TABLE 5 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
5.6 ECOSYSTEM ANALYSIS
FIGURE 26 MARKET: ECOSYSTEM
TABLE 6 MARKET: SUPPLY CHAIN
5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS
FIGURE 27 REVENUE SHIFT FOR MARKET
5.8 AVERAGE SELLING PRICES OF HVAC CONTROLS OFFERED BY KEY PLAYERS, BY APPLICATION
FIGURE 28 AVERAGE SELLING PRICES OF HVAC CONTROLS OFFERED BY KEY PLAYERS FOR TOP THREE APPLICATIONS
TABLE 7 AVERAGE SELLING PRICES OF HVAC CONTROLS OFFERED BY KEY PLAYERS FOR TOP THREE APPLICATIONS (USD)
5.8.1 AVERAGE SELLING PRICE TRENDS
TABLE 8 AVERAGE SELLING PRICE RANGE OF SENSORS
TABLE 9 AVERAGE SELLING PRICE RANGE OF CONTROLLERS
TABLE 10 AVERAGE SELLING PRICE RANGE OF CONTROLLED EQUIPMENT
TABLE 11 HVAC INSTALLATION COSTS, BY TYPE, 2021
5.9 CASE STUDIES
TABLE 12 CASE STUDY – USE OF INTSESIS HVAC CONTROL FOR ENERGY SAVING IN TEXTILE RETAIL STORES
TABLE 13 CASE STUDY – INSTALLATION OF NEW ROOFTOP HVAC UNIT IN BULL VALLEY GOLF CLUB
TABLE 14 CASE STUDY – ENERGY-EFFICIENT HVAC SYSTEM FOR COSMETIC MANUFACTURING COMPANY FOR BETTER AIR CONDITIONING REQUIREMENTS
TABLE 15 CASE STUDY – UPGRADING HVAC SYSTEM IN NOMAD HOTEL
TABLE 16 CASE STUDY – PREETHI HOSPITAL REQUIRED A RELIABLE HVAC SYSTEM
TABLE 17 CASE STUDY – DAIKIN VRV SYSTEM USED IN MARACANA STADIUM BRAZIL
5.10 TECHNOLOGY ANALYSIS
5.10.1 SUSTAINABLE HVAC SYSTEMS
5.10.2 SMART HVAC SYSTEMS WITH IOT
5.10.3 CLOUD COMPUTING IN HVAC SYSTEMS
5.10.4 ZONED HVAC SYSTEMS
5.11 TRADE ANALYSIS
TABLE 18 IMPORT DATA, BY COUNTRY, 2017–2021, (USD MILLION)
FIGURE 29 IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
TABLE 19 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
FIGURE 30 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 31 NUMBER OF PATENTS GRANTED IN MARKET, 2011-2021
TABLE 20 LIST OF A FEW PATENTS IN MARKET, 2019–2021
5.12.1 TARIFFS RELATED TO MARKET
TABLE 21 TARIFF IMPOSED BY US ON EXPORT OF AIR-CONDITIONING MACHINES COMPRISING MOTOR-DRIVEN FAN AND ELEMENTS FOR CHANGING TEMPERATURE AND HUMIDITY, INCLUDING MACHINES IN WHICH HUMIDITY CANNOT BE SEPARATELY REGULATED, BY COUNTRY
TABLE 22 TARIFFS IMPOSED BY CHINA ON EXPORT OF AIR CONDITIONING MACHINES COMPRISING MOTOR-DRIVEN FANS AND ELEMENTS FOR CHANGING TEMPERATURE AND HUMIDITY, INCLUDING MACHINES IN WHICH HUMIDITY CANNOT BE SEPARATELY REGULATED, BY COUNTRY, 2021
TABLE 23 TARIFF IMPOSED BY INDIA ON EXPORT OF AIR CONDITIONING MACHINES COMPRISING MOTOR-DRIVEN FAN AND ELEMENTS FOR CHANGING TEMPERATURE AND HUMIDITY, INCLUDING MACHINES IN WHICH HUMIDITY CANNOT BE SEPARATELY REGULATED, BY COUNTRY, 2021
5.13 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 24 MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.14 REGULATIONS AND STANDARDS
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 25 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 26 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 27 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 REGULATORY LANDSCAPE AND STANDARDS
5.14.2.1 Environmental HVAC requirements
5.14.2.1.1 Current HCFC regulations
5.14.2.1.2 New HFC regulations
5.14.2.1.3 US regulations
5.14.2.1.4 Canadian regulations
5.14.2.2 HVAC efficiency standards
5.14.2.3 HVAC tech certifications
5.14.2.4 Workforce shortages
6 TYPES OF HVAC CONTROL SYSTEMS (Page No. - 89)
6.1 INTRODUCTION
FIGURE 32 HVAC CONTROLS MARKET, TYPES OF CONTROL SYSTEMS
6.2 DIRECT-ACTING SYSTEMS
6.2.1 MORE CONVENIENT AND LESS EXPENSIVE AS THEY DO NOT REQUIRE EXTERNAL POWER SOURCE
6.3 ELECTRIC/ELECTRONIC SYSTEMS
6.3.1 ELIMINATE HAZARDS ASSOCIATED WITH LINE VOLTAGE
6.4 PNEUMATIC CONTROL SYSTEMS
6.4.1 MAINLY USED IN LARGE BUILDINGS AS THEY FACILITATE BOTH ON-OFF AND MODULATING CONTROL
6.5 DIRECT DIGITAL CONTROL SYSTEMS
6.5.1 MOST COMMONLY DEPLOYED SYSTEMS IN HVAC CONTROL SYSTEMS
7 TYPES OF HVAC CONTROL LOOPS (Page No. - 92)
7.1 INTRODUCTION
FIGURE 33 TYPES OF HVAC CONTROL LOOPS
7.2 OPEN-LOOP CONTROLS
7.2.1 USED IN SIMPLE SYSTEMS SUCH AS ELECTRIC HEATERS, DAMPERS, AND ACTUATORS
FIGURE 34 OPEN-LOOP CONTROL SYSTEMS
7.3 CLOSED-LOOP CONTROLS
7.3.1 ACCURATE TO OPERATE AND USED IN VRF SYSTEMS, BOILERS, AND FURNACES TO OBTAIN SET TEMPERATURE
FIGURE 35 CLOSED-LOOP CONTROL SYSTEM
TABLE 28 DIFFERENCE BETWEEN OPEN-LOOP AND CLOSED-LOOP CONTROL SYSTEMS
8 HVAC CONTROLS MARKET, BY COMPONENT (Page No. - 94)
8.1 INTRODUCTION
FIGURE 36 MARKET, BY COMPONENT
FIGURE 37 CONTROLLERS AND CONTROLLED EQUIPMENT TO ACCOUNT FOR LARGER SIZE OF MARKET DURING FORECAST PERIOD
TABLE 29 MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
TABLE 30 MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
8.2 SENSORS
TABLE 31 MARKET FOR SENSORS, BY SENSOR TYPE, 2018–2021 (USD MILLION)
TABLE 32 MARKET FOR SENSORS, BY SENSOR TYPE, 2022–2027 (USD MILLION)
TABLE 33 MARKET FOR SENSORS, BY SYSTEM, 2018–2021 (USD MILLION)
TABLE 34 MARKET FOR SENSORS, BY SYSTEM, 2022–2027 (USD MILLION)
TABLE 35 MARKET FOR SENSORS, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 36 MARKET FOR SENSORS, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 37 MARKET FOR SENSORS, BY REGION, 2018–2021 (USD MILLION)
TABLE 38 MARKET FOR SENSORS, BY REGION, 2022–2027 (USD MILLION)
TABLE 39 MARKET FOR SENSORS, BY IMPLEMENTATION TYPE, 2018–2021 (USD BILLION)
TABLE 40 MARKET FOR SENSORS, BY IMPLEMENTATION TYPE, 2022–2027 (USD BILLION)
8.2.1 BY TYPE
8.2.1.1 Temperature and humidity sensors
8.2.1.1.1 Critical for occupant comfort, safety, and protecting building infrastructure
8.2.1.2 Occupancy sensors
8.2.1.2.1 Used in smart home automation and building automation systems for energy saving
8.2.1.3 Pressure sensors
8.2.1.3.1 Measure airflow and air pressure to ensure adequate air distribution necessary for ventilation control systems
8.2.1.4 Flow sensors
8.2.1.4.1 Becoming smarter with emergence of advanced microcontrollers, remote two-way communication technology, and self-diagnosis capability
8.2.1.5 Others
8.2.2 BY CONNECTION TYPE
TABLE 41 MARKET FOR SENSORS, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 42 MARKET FOR SENSORS, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
8.2.2.1 Wired sensors
8.2.2.1.1 Ensure accurate transfer of data as they reduce latency and radio interferences
8.2.2.2 Wireless sensors
8.2.2.2.1 Reduced installation cost, miniaturized sensor nodes, and better connectivity to accelerate demand
8.3 CONTROLLERS AND CONTROLLED EQUIPMENT
TABLE 43 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY TYPE, 2018–2021 (USD MILLION)
TABLE 44 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY TYPE, 2022–2027 (USD MILLION)
TABLE 45 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY SYSTEM, 2018–2021 (USD MILLION)
TABLE 46 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY SYSTEM, 2022–2027 (USD MILLION)
TABLE 47 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY APPLICATION, 2018–2021 (USD BILLION)
TABLE 48 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY APPLICATION, 2022–2027 (USD BILLION)
TABLE 49 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY REGION, 2018–2021 (USD BILLION)
TABLE 50 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY REGION, 2022–2027 (USD BILLION)
TABLE 51 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY IMPLEMENTATION TYPE, 2018–2021 (USD BILLION)
TABLE 52 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY IMPLEMENTATION TYPE, 2022–2027 (USD BILLION)
8.3.1 CONTROLLED EQUIPMENT
8.3.1.1 Control valves
8.3.1.1.1 Control valves manage pressure, temperature, and liquid levels using signals provided by controllers
8.3.1.2 Heating and cooling coils
8.3.1.2.1 Crucial for monitoring temperature change
8.3.1.3 Dampers
8.3.1.3.1 Reduce pressure on HVAC equipment and maximize energy efficiency
8.3.1.4 Actuators
8.3.1.4.1 Actuator selection depends on characteristics and choice of control system
8.3.1.5 Pumps and fans
8.3.1.5.1 Support functions of chillers, boilers, cooling towers, domestic water systems, and hydronic distribution systems
8.3.2 SMART VENTS
8.3.2.1 Implementation helps minimize cost
8.3.3 CONTROLLERS
8.3.3.1 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 Analyze need for ventilation and operate air handling units to provide fresh air continuously
8.3.3.3 FCU controllers
8.3.3.3.1 Less expensive than ducted systems and available in ceiling, freestanding, and floor-mounted configurations
9 HVAC CONTROLS MARKET, BY SYSTEM (Page No. - 112)
9.1 INTRODUCTION
FIGURE 38 MARKET, BY SYSTEM
FIGURE 39 TEMPERATURE CONTROL SYSTEMS TO HOLD LARGEST SIZE OF MARKET IN 2027
TABLE 53 MARKET, BY SYSTEM, 2018–2021 (USD BILLION)
TABLE 54 MARKET, BY SYSTEM, 2022–2027 (USD BILLION)
9.2 TEMPERATURE CONTROL SYSTEMS
9.2.1 AID IN ENERGY EFFICIENCY AND LONG-TERM COST SAVINGS
TABLE 55 TEMPERATURE CONTROL SYSTEMS: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
TABLE 56 TEMPERATURE CONTROL SYSTEMS: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 57 TEMPERATURE CONTROL SYSTEMS: MARKET, BY APPLICATION, 2018–2021 (USD BILLION)
TABLE 58 TEMPERATURE CONTROL SYSTEMS: MARKET, BY APPLICATION, 2022–2027 (USD BILLION)
9.3 VENTILATION CONTROL SYSTEMS
9.3.1 GROWING AWARENESS ABOUT INDOOR AIR QUALITY TO DRIVE ADOPTION
TABLE 59 VENTILATION CONTROL SYSTEMS: MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
TABLE 60 VENTILATION CONTROL SYSTEMS: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 61 VENTILATION CONTROL SYSTEMS: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 62 VENTILATION CONTROL SYSTEMS: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
9.4 HUMIDITY CONTROL SYSTEMS
9.4.1 INCREASING TEMPERATURE AND HUMIDITY ACROSS ASIA PACIFIC FUELING MARKET
TABLE 63 HUMIDITY CONTROL SYSTEMS: MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
TABLE 64 HUMIDITY CONTROL SYSTEMS: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 65 HUMIDITY CONTROL SYSTEMS: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 66 HUMIDITY CONTROL SYSTEMS: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
9.5 INTEGRATED CONTROL SYSTEMS
9.5.1 SMART HOMES AND BUILDINGS, ALONG WITH IOT, BOOSTING DEPLOYMENT
TABLE 67 INTEGRATED CONTROL SYSTEMS: MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
TABLE 68 INTEGRATED CONTROL SYSTEMS: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 69 INTEGRATED CONTROL SYSTEMS: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 70 INTEGRATED CONTROL SYSTEMS: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
10 HVAC CONTROLS MARKET, BY IMPLEMENTATION TYPE (Page No. - 122)
10.1 INTRODUCTION
FIGURE 40 MARKET, BY IMPLEMENTATION TYPE
FIGURE 41 NEW CONSTRUCTION IMPLEMENTATION TYPE TO REGISTER HIGHER CAGR IN MARKET DURING FORECAST PERIOD
TABLE 71 MARKET, BY IMPLEMENTATION TYPE, 2018–2021 (USD BILLION)
TABLE 72 MARKET, BY IMPLEMENTATION TYPE, 2022–2027 (USD BILLION)
10.2 NEW CONSTRUCTION
10.2.1 HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
10.2.2 USE CASE: NEXII PARTNERED WITH TRANE TECHNOLOGIES TO SUPPLY EFFICIENT HVAC EQUIPMENT FOR CONSTRUCTING NEW BUILDINGS WITH SUSTAINABLE TECHNOLOGIES
TABLE 73 NEW CONSTRUCTION TYPE: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
TABLE 74 NEW CONSTRUCTION TYPE: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 75 NEW CONSTRUCTION TYPE: MARKET, BY APPLICATION, 2018–2021 (USD BILLION)
TABLE 76 NEW CONSTRUCTION TYPE: MARKET, BY APPLICATION, 2022–2027 (USD BILLION)
10.3 RETROFIT
10.3.1 IOT AND SMART TECHNOLOGIES SUPPORTING RETROFIT MARKET
10.3.2 CASE STUDY: RETROFITTING HVAC CONTROLS
TABLE 77 RETROFIT TYPE: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
TABLE 78 RETROFIT TYPE: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 79 RETROFIT TYPE: MARKET, BY APPLICATION, 2018–2021 (USD BILLION)
TABLE 80 RETROFIT TYPE: MARKET, BY APPLICATION, 2022–2027 (USD BILLION)
11 HVAC CONTROLS MARKET, BY APPLICATION (Page No. - 128)
11.1 INTRODUCTION
FIGURE 42 HVAC CONTROLS MARKET, BY APPLICATION
FIGURE 43 COMMERCIAL APPLICATIONS TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 81 MARKET, BY APPLICATION, 2018–2021 (USD BILLION)
TABLE 82 MARKET, BY APPLICATION, 2022–2027 (USD BILLION)
11.2 RESIDENTIAL
11.2.1 TAX CREDITS AND INCENTIVES SUPPORT ADOPTION IN DEVELOPED COUNTRIES
TABLE 83 RESIDENTIAL APPLICATION: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
TABLE 84 RESIDENTIAL APPLICATION: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 85 RESIDENTIAL APPLICATION: MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
TABLE 86 RESIDENTIAL APPLICATION: MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
TABLE 87 RESIDENTIAL APPLICATION: MARKET, BY IMPLEMENTATION TYPE, 2018–2021 (USD BILLION)
TABLE 88 RESIDENTIAL APPLICATION: MARKET, BY IMPLEMENTATION TYPE, 2022–2027 (USD BILLION)
11.3 COMMERCIAL
11.3.1 OFFICE BUILDINGS
11.3.1.1 Smart and efficient HVAC controls to lead to smart, green, and environment-friendly buildings
11.3.2 EDUCATION CENTERS
11.3.2.1 Advanced sensors and controlled devices help reduce power consumption and keep it at optimum levels
11.3.3 HEALTHCARE FACILITIES
11.3.3.1 Help conserve energy and channel it for life-saving purposes at healthcare facilities
11.3.4 HOSPITALITY CENTERS
11.3.4.1 Help optimize energy without causing discomfort to occupants at hospitality centers
11.3.5 RETAIL STORES
11.3.5.1 Pre-programmed thermostats and smart sensors help save energy without disrupting operations at retail stores
11.3.6 OTHERS
TABLE 89 COMMERCIAL APPLICATION: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
TABLE 90 COMMERCIAL APPLICATION: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 91 COMMERCIAL APPLICATION: MARKET, BY SYSTEM, 2018–2021 (USD BILLION)
TABLE 92 COMMERCIAL APPLICATION: MARKET, BY SYSTEM, 2022–2027 (USD BILLION)
TABLE 93 COMMERCIAL APPLICATION: MARKET, BY IMPLEMENTATION TYPE, 2018–2021 (USD BILLION)
TABLE 94 COMMERCIAL APPLICATION: MARKET, BY IMPLEMENTATION TYPE, 2022–2027 (USD BILLION)
11.4 INDUSTRIAL
11.4.1 HVAC CONTROLS HELP MAINTAIN ACCURATE TEMPERATURE AND HUMIDITY AS PER REQUIREMENTS OF MANUFACTURING ZONES
TABLE 95 INDUSTRIAL APPLICATION: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
TABLE 96 INDUSTRIAL APPLICATION: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 97 INDUSTRIAL APPLICATION: MARKET, BY SYSTEM, 2018–2021 (USD BILLION)
TABLE 98 INDUSTRIAL APPLICATION: MARKET, BY SYSTEM, 2022–2027 (USD BILLION)
TABLE 99 INDUSTRIAL APPLICATION: MARKET, BY IMPLEMENTATION TYPE, 2018–2021 (USD BILLION)
TABLE 100 INDUSTRIAL APPLICATION: MARKET, BY IMPLEMENTATION TYPE, 2022–2027 (USD BILLION)
12 HVAC CONTROLS MARKET, BY REGION (Page No. - 141)
12.1 INTRODUCTION
FIGURE 44 MARKET IN ASIA PACIFIC TO HOLD LARGEST SIZE DURING FORECAST PERIOD
TABLE 101 MARKET, BY REGION, 2018–2021 (USD BILLION)
TABLE 102 MARKET, BY REGION, 2022–2027 (USD BILLION)
12.2 NORTH AMERICA
FIGURE 45 SNAPSHOT: HVAC CONTROLS MARKET IN NORTH AMERICA
TABLE 103 NORTH AMERICA: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
TABLE 104 NORTH AMERICA: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 105 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 106 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
12.2.1 US
12.2.1.1 Growing use of HVAC controls in new residential and commercial buildings to drive market
12.2.2 CANADA
12.2.2.1 Rising environmental awareness about energy-efficient HVAC technologies to propel market
12.2.3 MEXICO
12.2.3.1 Rebates on retrofits and new constructions to fuel HVAC controls adoption in construction sector
12.3 EUROPE
FIGURE 46 SNAPSHOT: MARKET IN EUROPE
TABLE 107 EUROPE: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
TABLE 108 EUROPE: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 109 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 110 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
12.3.1 UK
12.3.1.1 Expansion of construction industry to fuel market
12.3.2 GERMANY
12.3.2.1 Adoption of energy-efficient systems and smart HVAC devices and development of smart cities to propel demand for HVAC controls
TABLE 111 GERMAN GREENHOUSE GAS EMISSIONS REDUCTION TARGETS, 2030
12.3.3 FRANCE
12.3.3.1 Rising demand for HVAC controls in smart homes to fuel market
12.3.4 REST OF EUROPE
12.4 ASIA PACIFIC
FIGURE 47 SNAPSHOT: MARKET IN ASIA PACIFIC
TABLE 112 ASIA PACIFIC: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
TABLE 113 ASIA PACIFIC: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 114 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 115 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
12.4.1 CHINA
12.4.1.1 Adoption of energy-efficient systems by construction sector to fuel demand for HVAC controls across China
12.4.2 INDIA
12.4.2.1 FDI, metro rail expansion, and smart city projects to boost demand for HVAC controls
12.4.3 JAPAN
12.4.3.1 Compact housing systems and need for energy efficiency driving HVAC controls usage
12.4.4 REST OF ASIA PACIFIC
12.5 ROW
TABLE 116 ROW: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
TABLE 117 ROW: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
TABLE 118 ROW: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 119 ROW: MARKET, BY REGION, 2022–2027 (USD MILLION)
12.5.1 SOUTH AMERICA
12.5.1.1 Residential and commercial sectors aiding market growth
12.5.2 MIDDLE EAST & AFRICA
12.5.2.1 African governments initiated programs for energy-saving and efficiency
13 COMPETITIVE LANDSCAPE (Page No. - 161)
13.1 OVERVIEW
13.2 MARKET EVALUATION FRAMEWORK
TABLE 120 OVERVIEW OF STRATEGIES DEPLOYED BY KEY HVAC CONTROLS PLAYERS
13.2.1 PRODUCT PORTFOLIO
13.2.2 REGIONAL FOCUS
13.2.3 MANUFACTURING FOOTPRINT
13.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
13.3 REVENUE ANALYSIS OF LEADING PLAYERS (2019–2021)
FIGURE 48 THREE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN MARKET
13.4 MARKET SHARE ANALYSIS: MARKET, 2021
TABLE 121 DEGREE OF COMPETITION
13.5 KEY COMPANY EVALUATION QUADRANT
13.5.1 STARS
13.5.2 EMERGING LEADERS
13.5.3 PERVASIVE PLAYERS
13.5.4 PARTICIPANTS
FIGURE 49 KEY COMPANY EVALUATION QUADRANT, 2021
13.6 START-UP EVALUATION MATRIX
13.6.1 PROGRESSIVE COMPANIES
13.6.2 RESPONSIVE COMPANIES
13.6.3 DYNAMIC COMPANIES
13.6.4 STARTING BLOCKS
FIGURE 50 START-UP EVALUATION MATRIX, 2021
13.7 HVAC CONTROLS MARKET: COMPANY FOOTPRINT
TABLE 122 COMPANY FOOTPRINT (25 COMPANIES)
TABLE 123 COMPONENT TYPE FOOTPRINT
TABLE 124 VERTICAL FOOTPRINT
TABLE 125 REGION FOOTPRINT
13.8 COMPETITIVE BENCHMARKING
TABLE 126 MARKET: DETAILED LIST OF KEY STARTUPS
TABLE 127 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS
13.9 COMPETITIVE SCENARIO AND TRENDS
13.9.1 PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 128 PRODUCT LAUNCHES, FEBRUARY 2021–APRIL 2022
13.9.2 DEALS
TABLE 129 DEALS, MARCH 2021–FEBRUARY 2022
14 COMPANY PROFILES (Page No. - 177)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
14.1 KEY PLAYERS
14.1.1 HONEYWELL INTERNATIONAL
TABLE 130 HONEYWELL INTERNATIONAL: BUSINESS OVERVIEW
FIGURE 51 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 131 HONEYWELL INTERNATIONAL: PRODUCT OFFERINGS
TABLE 132 HONEYWELL: PRODUCT LAUNCHES
TABLE 133 HONEYWELL: DEALS
TABLE 134 HONEYWELL: OTHERS
14.1.2 JOHNSON CONTROLS
TABLE 135 JOHNSON CONTROLS: BUSINESS OVERVIEW
FIGURE 52 JOHNSON CONTROLS: COMPANY SNAPSHOT
TABLE 136 JOHNSON CONTROLS: PRODUCT OFFERINGS
TABLE 137 JOHNSON CONTROLS: PRODUCT LAUNCHES
TABLE 138 JOHNSON CONTROLS: DEALS
14.1.3 SIEMENS
TABLE 139 SIEMENS.: BUSINESS OVERVIEW
FIGURE 53 SIEMENS: COMPANY SNAPSHOT
TABLE 140 SIEMENS: PRODUCT OFFERINGS
TABLE 141 SIEMENS: PRODUCT LAUNCHES
14.1.4 CARRIER
TABLE 142 CARRIER: BUSINESS OVERVIEW
FIGURE 54 CARRIER: COMPANY SNAPSHOT
TABLE 143 CARRIER: PRODUCT OFFERINGS
TABLE 144 CARRIER: PRODUCT LAUNCHES
TABLE 145 CARRIER: DEALS
14.1.5 EMERSON ELECTRIC
TABLE 146 EMERSON ELECTRIC: BUSINESS OVERVIEW
FIGURE 55 EMERSON ELECTRIC: COMPANY SNAPSHOT
TABLE 147 EMERSON ELECTRIC: PRODUCT OFFERINGS
TABLE 148 EMERSON ELECTRIC: PRODUCT LAUNCHES
TABLE 149 EMERSON ELECTRIC: DEALS
TABLE 150 EMERSON ELECTRIC: OTHERS
14.1.6 SCHNEIDER ELECTRIC
TABLE 151 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
FIGURE 56 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 152 SCHNEIDER ELECTRIC: PRODUCT OFFERINGS
TABLE 153 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
14.1.7 TRANE TECHNOLOGIES
TABLE 154 TRANE TECHNOLOGIES: BUSINESS OVERVIEW
FIGURE 57 TRANE TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 155 TRANE TECHNOLOGIES: PRODUCT OFFERINGS
TABLE 156 TRANE TECHNOLOGIES: PRODUCT LAUNCHES
TABLE 157 TRANE TECHNOLOGIES: DEALS
14.1.8 DAIKIN
TABLE 158 DAIKIN: BUSINESS OVERVIEW
FIGURE 58 DAIKIN: COMPANY SNAPSHOT
TABLE 159 DAIKIN: PRODUCT OFFERINGS
TABLE 160 DAIKIN: DEALS
TABLE 161 DAIKIN: OTHERS
14.1.9 DELTA CONTROLS
TABLE 162 DELTA CONTROLS: BUSINESS OVERVIEW
TABLE 163 DELTA CONTROLS: PRODUCT OFFERINGS
TABLE 164 DELTA CONTROLS: PRODUCT LAUNCHES
14.1.10 DISTECH CONTROLS
TABLE 165 DISTECH CONTROLS: BUSINESS OVERVIEW
TABLE 166 DISTECH CONTROLS: PRODUCT OFFERINGS
TABLE 167 DISTECH CONTROLS: PRODUCT LAUNCHES
TABLE 168 DISTECH CONTROLS: DEALS
14.1.11 DANFOSS
TABLE 169 DANFOSS: BUSINESS OVERVIEW
FIGURE 59 DANFOSS: COMPANY SNAPSHOT
TABLE 170 DANFOSS: PRODUCT OFFERINGS
TABLE 171 DANFOSS: PRODUCT LAUNCHES
TABLE 172 DANFOSS: DEALS
14.1.12 LENNOX INTERNATIONAL
TABLE 173 LENNOX INTERNATIONAL: BUSINESS OVERVIEW
FIGURE 60 LENNOX INTERNATIONAL: COMPANY SNAPSHOT
TABLE 174 LENNOX INTERNATIONAL: PRODUCT OFFERINGS
TABLE 175 LENNOX INTERNATIONAL: PRODUCT LAUNCHES
TABLE 176 LENNOX INTERNATIONAL: DEALS
14.1.13 SAUTER
TABLE 177 SAUTER: BUSINESS OVERVIEW
TABLE 178 SAUTER: PRODUCT OFFERINGS
TABLE 179 SAUTER: PRODUCT LAUNCHES
14.1.14 LG ELECTRONICS
TABLE 180 LG ELECTRONICS: BUSINESS OVERVIEW
FIGURE 61 LG ELECTRONICS: COMPANY SNAPSHOT
TABLE 181 LG ELECTRONICS: PRODUCT OFFERINGS
TABLE 182 LG ELECTRONICS: PRODUCT LAUNCHES
14.1.15 MITSUBISHI ELECTRIC
TABLE 183 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW
FIGURE 62 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
TABLE 184 MITSUBISHI ELECTRIC: PRODUCT OFFERINGS
TABLE 185 MITSUBISHI ELECTRIC: PRODUCT LAUNCHES
TABLE 186 MITSUBISHI ELECTRIC: DEALS
TABLE 187 MITSUBISHI ELECTRIC: OTHERS
14.2 OTHER PLAYERS
14.2.1 KMC CONTROLS
TABLE 188 KMC CONTROLS: COMPANY OVERVIEW
14.2.2 JACKSON SYSTEMS
TABLE 189 JACKSON SYSTEMS: COMPANY OVERVIEW
14.2.3 ASTRONICS PECO
TABLE 190 ASTRONICS PECO: COMPANY OVERVIEW
14.2.4 OJ ELECTRONICS
TABLE 191 OJ ELECTRONICS: COMPANY OVERVIEW
14.2.5 REGIN CONTROLS
TABLE 192 REGIN CONTROLS: COMPANY OVERVIEW
14.2.6 AZBIL CORPORATION
TABLE 193 AZBIL CORPORATION: COMPANY OVERVIEW
14.2.7 BOSCH
TABLE 194 BOSCH: COMPANY OVERVIEW
14.2.8 COMPUTROLS
TABLE 195 COMPUTROLS: COMPANY OVERVIEW
14.2.9 CUBIC SENSOR AND INSTRUMENTS
TABLE 196 CUBIC SENSOR AND INSTRUMENTS: COMPANY OVERVIEW
14.2.10 RELIABLE CONTROLS
TABLE 197 RELIABLE CONTROLS: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
15 APPENDIX (Page No. - 240)
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 CUSTOMIZATION OPTIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
This research study involved the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the HVAC controls market. Primary sources were several experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, and organizations related to all the segments of the value chain of the HVAC controls ecosystem.
In-depth interviews with various primary respondents such as key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts, were conducted to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects.
Secondary Research
Secondary sources referred to for this research study included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles by recognized authors; directories; and databases. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated through primary research.
List of Major Secondary Sources
|
Report Metric |
Details |
|
International Energy Agency (IEA) |
https://www.iea.org/ |
|
Japan Refrigeration and Air-conditioning Industry Association (JRAIA) |
https://www.jraia.or.jp/english/ |
|
American Society of Heating, Refrigerating, and Air Conditioning Engineers (ASHRAE) |
https://www.ashrae.org/ |
|
Air Conditioning Contractors of America Association (ACCA) |
|
|
Air-Conditioning, Heating, and Refrigeration Institute (AHRI) |
|
|
Representatives of European Heating and Ventilation Associations (REHVA) |
https://www.rehva.eu/ |
|
Eurovent |
https://eurovent.eu/ |
|
European Heat Pump Association (EHPA) |
https://www.ehpa.org/ |
Primary Research
Extensive primary research was conducted after gaining knowledge about the current scenario of the HVAC controls market through secondary research. Several primary interviews were conducted with experts from both demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the size of the HVAC controls market and its various dependent submarkets. The key players in the market were identified through secondary research, and their market share in the respective regions was determined through primary and secondary research. This entire procedure involved the study of annual and financial reports of top players and extensive interviews with industry leaders such as chief executive officers (CEOs), vice presidents (VPs), directors, and marketing executives. All percentage shares and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Bottom-Up Approach
The bottom-up approach was used to arrive at the overall size of the HVAC controls market from the revenues of key players and their shares in the market. The overall market size was calculated based on the revenues of key players identified in the market.
- Analyzing the size of the global HVAC controls market by identifying segmental and subsegmental revenue related to the market
- Identifying the total number of HVAC control components shipped globally, which include various types of sensors, controllers, and controlled equipment
- Estimating the ASP of sensors, controllers, and controlled equipment
- Estimating the size of the HVAC controls market, by component (HVAC controls component shipment * ASP of HVAC control components)
- Estimating the market size of other segments of the HVAC controls market (system, implementation type, application, and region)
- Identifying the upcoming projects related to HVAC controls by various companies in different regions and forecasting the market size based on these developments and other important parameters.
Top-Down Approach
In the top-down approach, the overall size of the HVAC controls market that was derived through percentage splits obtained from secondary and primary research was used to estimate the size of the individual markets (mentioned in the market segmentation).
For the calculation of the size of specific market segments, the overall size of the HVAC controls market was considered to implement the top-down approach. The bottom-up approach was also implemented for the data extracted from secondary research to validate the obtained market size of different segments.
The market share of each company was estimated to verify the revenue share used earlier in the bottom-up approach. With the data triangulation procedure and validation of data through primaries, the sizes of the overall parent market and each market were determined and confirmed in this study. The data triangulation procedure used for this study is explained in the next section.
- Information related to revenues obtained from key manufacturers and providers of HVCA controls was studied and analyzed to estimate the global size of the HVAC controls market.
- The HVAC controls market is expected to observe a linear growth trend during the forecast period because it is a mature market with a number of well-established players serving various applications.
- Components, geographic presence, and key applications, as well as different types of systems of all identified players in the HVAC controls market, were studied to estimate and arrive at the percentage split of different segments of the market.
- All major players in each category of the HVAC controls market were identified through secondary research and duly verified through brief discussions with the industry experts.
- Multiple discussions with key opinion leaders of all major companies involved in the development of HVAC controls were conducted to validate the market split based on component, system, implementation type, application, and region.
- Geographic splits were estimated using secondary sources, based on various factors such as the number of players offering HVAC controls in a specific country or region and the type of HVAC control equipment offered by these players.
Data Triangulation
After arriving at the overall size of the HVAC controls market from the market size estimation process explained above, the total market was split into several segments and subsegments. Data triangulation procedures were employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both, demand and supply sides. In addition to this, the market size was validated using top-down and bottom-up approaches
Study Objectives
- To define and forecast the HVAC controls market size, by system, component, implementation type, and application, in terms of value and volume.
- To describe and forecast the HVAC controls market size for four key regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), along with their respective countries
- To describe the types of control loops and control systems in an HVAC system
- 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 analyze opportunities in the market for stakeholders by identifying high-growth segments of the HVAC control ecosystem
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies2, and provide details of the competitive landscape
- To analyze strategic approaches such as product launches, collaborations, contracts, acquisitions, agreements, expansions, 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
Growth opportunities and latent adjacency in HVAC Controls Market