The global Heating, Ventilation, and Air Conditioning (HVAC) controls market size was USD 16.74 Billion in 2021 and is expected to register a revenue CAGR of 9.5% during the forecast period, according to latest analysis by Emergen Research. Industrial transformation and incorporation of Internet of Things (IoT)-enabled devices in HVAC systems have significantly increased application of HVAC system in industrial and commercial facilities, which is a major factor driving market revenue growth. Primary benefit of incorporating IoT components, such as sensors and others into HVAC systems is that, operators can easily operate them from remote locations. In addition, it aids in providing customer-centric services, which thereby increases profitability and customer retention. Another major advantage of incorporating IoT-enabled devices in HVAC system is minimum energy consumption. IoT-enabled devices also aid in providing real-time data when connected to a computer system, which enables industrial professionals and engineers to perform critical maintenance during equipment downtime. IoT devices also provide benefits for HVAC industry professionals. For instance, HVAC systems are incorporated with motion sensors and this aid in detection of devices in complex industrial facilities. Moreover, when no movement is detected by sensor, computers or devices connected can suggest manually turning down or up the system for better cooling, heating, and reduce energy consumption. Furthermore, controls also employ latest networking and Artificial Intelligence (AI) technologies and this aid in detecting and adjusting controls as per preferences of users. Equipping an HVAC system with high-performance controls significantly minimizes energy consumption and addresses all other issues associated with conventional HVAC system. For instance, market companies are providing Machine-To-Machine (M2M) connectivity, which aids in reducing costs of operation in industrial facilities. It also aids in resource conservation, predictive maintenance, comfort control, and healthy building performance. As a result, demand for IoT-based HVAC control systems is increasing during the forecast period.
Hence, the sample copy of the ‘Global HVAC Controls Market’ research report is inclusive of a brief analysis of the HVAC Controls industry, the competitive landscape, regional overview, technological innovation, and future market developments, which are based on a practical research methodology. Emergen Research latest report sums up the significant changes in the global business sector that followed the COVID-19 outbreak. The pandemic has also had an enormous impact on the global HVAC Controls market, disrupting the market dynamics and trends.
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Key companies operating in the HVAC Controls market include:
Honeywell International Inc., Johnson Controls, Schneider Electric, Siemens, Emerson Electric Co., Delta Controls, Trane Technologies plc, Lennox International Inc., Daikin Industries, Ltd., Ecobee, Robert Bosch GmbH, and Jackson Systems Supply
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global HVAC Controls market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global HVAC Controls Market
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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HVAC Controls Market Segmentation:
Component Outlook (Revenue, USD Billion; 2019-2030)
- Sensors
- Controllers and Controlled Devices
System Outlook (Revenue, USD Billion; 2019-2030)
- Temperature Control System
- Ventilation Control System
- Humidity Control System
- Integrated Control System
Application Outlook (Revenue, USD Billion; 2019-2030)
- Residential
- Commercial
- Industrial
HVAC Controls Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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