HVAC Control Market Size, Growth Rate, Trends, Share, Analysis and Forecast 2022-2027

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HVAC Control Market
HVAC Control Market

According to IMARC Group latest report titled” HVAC Control Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on HVAC Control market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global HVAC control market reached a value of US$ 14.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 21.3 Billion by 2027 exhibiting a CAGR of 5.70% during 2022-2027.

A heating, ventilation and air conditioning (HVAC) control system refers to an automated device that is utilized to regulate operations related to heating and cooling conditions. It comprises of control valves, sensors, energy sources, controlled appliances, etc. Some commonly available HVAC control systems include ventilation, humidity, temperature, and integrated. They are used to monitor and control HVAC performance and offer a comfortable environment by maintaining optimal temperatures in enclosed spaces. As a result, HVAC control systems are widely adopted across numerous sectors, such as hospitality, retail, construction, etc.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

The expanding number of commercial, industrial, and residential buildings across the globe is one of the key factors driving the HVAC control market. In addition to this, the escalating demand for remote access control systems for energy efficiency, streamlining operations, and cost-effectiveness is further stimulating the market growth. Moreover, continuous technological advancements, including the integration of smart devices with motion sensors and the Internet of Things (IoT), are acting as significant growth-inducing factors. Furthermore, the development of eco-friendly product variants, on account of the increasing environmental concerns among consumers, is also augmenting the global market. In line with this, the launch of various initiatives by government bodies to promote the construction of energy-efficient green buildings is anticipated to bolster the HVAC market over the forecasted period.

Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

  • Azbil Corporation
  • Carrier Global Corporation
  • Computrols Inc.
  • Daikin Industries Ltd
  • Danfoss
  • Delta Electronics Inc.
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Johnson Controls International
  • KMC Controls
  • Schneider Electric SE
  • Siemens AG

HVAC Control Market Segmentation:

Our report has categorized the market based on region, component, implementation type, system and end user.

 Breakup by Component:

  • Sensors
  • Controllers and Controlled Devices

Breakup by Implementation Type:

  • New Construction
  • Retrofit

Breakup by System:

  • Temperature Control Systems
  • Ventilation Control Systems
  • Humidity Control Systems
  • Integrated Control Systems

Breakup by End User:

  • Residential
  • Commercial
  • Industrial

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Table of Contents:

1    Preface
2    Scope and Methodology

2.1    Objectives of the Study
2.2    Stakeholders
2.3    Data Sources
2.3.1    Primary Sources
2.3.2    Secondary Sources
2.4    Market Estimation
2.4.1    Bottom-Up Approach
2.4.2    Top-Down Approach
2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

4.1    Overview
4.2    Key Industry Trends
5    Global HVAC Control Market
5.1    Market Overview
5.2    Market Performance
5.3    Impact of COVID-19
5.4    Market Forecast
6    Market Breakup by Component
6.1    Sensors
6.1.1 Market Trends
6.1.2 Market Forecast
6.2    Controllers and Controlled Devices
6.2.1 Market Trends
6.2.2 Market Forecast
7    Market Breakup by Implementation Type
7.1    New Construction
7.1.1 Market Trends
7.1.2 Market Forecast
7.2    Retrofit
7.2.1 Market Trends
7.2.2 Market Forecast
8    Market Breakup by System
8.1    Temperature Control Systems
8.1.1 Market Trends
8.1.2 Market Forecast
8.2    Ventilation Control Systems
8.2.1 Market Trends
8.2.2 Market Forecast
8.3    Humidity Control Systems
8.3.1 Market Trends
8.3.2 Market Forecast
8.4    Integrated Control Systems
8.4.1 Market Trends
8.4.2 Market Forecast
9    Market Breakup by End User
9.1    Residential
9.1.1 Market Trends
9.1.2 Market Forecast
9.2    Commercial
9.2.1 Market Trends
9.2.2 Market Forecast
9.3    Industrial
9.3.1 Market Trends
9.3.2 Market Forecast
10    Market Breakup by Region
10.1    North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2    Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3    Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4    Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5    Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11    SWOT Analysis
11.1    Overview
11.2    Strengths
11.3    Weaknesses
11.4    Opportunities
11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

13.1    Overview
13.2    Bargaining Power of Buyers
13.3    Bargaining Power of Suppliers
13.4    Degree of Competition
13.5    Threat of New Entrants
13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

15.1    Market Structure
15.2    Key Players
15.3    Profiles of Key Players
15.3.1    Azbil Corporation
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2    Carrier Global Corporation
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3    Computrols Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4    Daikin Industries Ltd
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5    Danfoss
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 SWOT Analysis
15.3.6    Delta Electronics Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7    Emerson Electric Co.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8    Honeywell International Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9    Johnson Controls International
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10    KMC Controls
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11    Schneider Electric SE
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12    Siemens AG
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis

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