HVAC Controls Market size worth $ 30.19 Billion, Globally, by 2028 at 10.04% CAGR: Verified Market Research®

Jersey City, New JerseyAnd Jan 31 2022 /PRNewswire/ – Confirmed Market Research recently published a report, “HVAC Controls Market“By system (temperature control system, ventilation control system), by type of implementation (new construction, retrofit), by end user (residential, commercial, industrial), and by geography. According to verified market research, volume Global Heating, Ventilation and Air Conditioning Controllers Market Reviewed by: 14.06 billion US dollars In 2020 is expected to reach 30.19 billion US dollars By 2028, at a compound annual growth rate of 10.04% from 2021 to 2028.

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Browse in depth the table of contents employmentHVAC Controls Market

202 – Page
126 – Tables
37 – Shapes

Global HVAC Controls Market Overview

The boom in the construction sector in emerging countries is one of the main factors expected to boost the demand for HVAC controllers. in countries like IndiaThe residential sector is expected to grow exponentially, with the central government aiming to build 20 million affordable homes in urban areas across the country by 2022. States and cities in India Energy efficient buildings are moving forward due to rapid urbanization. In recent years, due to rapid urbanization, the area of ​​​​urban buildings has increased significantly, and the need for room cooling has increased.

Residential and commercial buildings in India It already accounts for nearly 30% of total electricity consumption and is expected to rise to 48% by 2042. Implementation of the Energy Conservation Building Act (ECBC) across Indian cities is critical for energy savings, thus creating demand for HVAC controllers and air conditioning. Technological developments, climate change, global warming, are some of the factors that have highlighted HVAC control systems. These factors have led to an increased focus on energy-efficient solutions in various industries. In one study, it was found that the use of high-performance HVAC equipment can result in significant energy, emissions and cost savings (10% – 40%).

According to the US Energy Information Administration (EIA), in 2050 all commercial buildings in the US will use 6% less energy for heating. Increased adoption of HVAC sensors and controls will contribute to a 13% reduction in energy consumption for office heating via them United State. Thus, there is a lucrative opportunity for HVAC control providers in the country. Due to the high cost of implementing these systems, their presence is more in developed countries while less in developing countries. In addition, lack of experience, budget and awareness among contractors about energy efficiency standards hampers market growth.

KEY DEVELOPMENTS

  • in a September 2020Carrier launched the Weather Expert rooftop unit series, featuring variable speed cooling and true control, including 48JC gas/electric and 50JC electric/electric variable speed versions that can cool down to 25% of typical capacity and up to 105 percent.
  • in a July 2020Clivet SpA and Siemens have teamed up to develop new HVAC plant and building improvement solutions. Siemens is the developer of a software platform for building automation and IoT applications.
  • in a June 2020Honeywell and SAP SE have partnered to improve building performance using integrated cloud-based business data and operational technology, which provides financial and operational analytics for business and real estate owners and operators.

The main players

The major players in the market are Carrier Global Corporation, Daikin Industries, Danfoss, Delta Controls, Emerson Electric, Honeywell International Inc, Johnson Controls, LG Electronics, Schneider Electric and Siemens.

Verified market research has segmented the global HVAC Controllers market on the basis of system, implementation type, end user, and geography.

  • HVAC Controls Market by system
    • temperature control system
    • Ventilation control system
    • Integrated control system
    • Humidity Control System
  • HVAC Controls Market, by type of execution
    • new construction
    • retrofit
  • HVAC Controls Market, by end user
    • residential
    • commercial
    • Industrial
  • HVAC Controls Market By Geography
    • North America
    • Europe
      • Germany
      • France
      • United kingdom
      • rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • rest of Asia Pacific
    • Row
      • Middle east & Africa
      • Latin america

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