HVAC Control Systems Market Insights, Forecast to 2025
An HVAC control system is used for regulating the temperature, humidity, and airflow within a building to provide thermal comfort to occupants. HVAC systems ensure enhanced air quality in residential and commercial establishments through ventilation and filtration, thereby ensuring thermal balance. These systems use heat exchangers, pumps, and fans to control and regulate humidity and temperature levels.
The HVAC controls market for commercial application is expected to grow at the highest CAGR between 2018 and 2023. The rise in the adoption of smart buildings and green buildings increases the use of smart sensors and HVAC control equipment, such as programmable thermostat, which would save a lot of energy in these buildings. The application of HVAC controls in commercial buildings ensures switching on or off the HVAC equipment in a particular area, which is not currently occupied. In a huge commercial complex, all the areas are not constantly occupied by a number of people; hence for sensing occupancy of the people in an area, HVAC controls play an important role by enabling efficient use of energy.
The HVAC controls market in APAC is expected to grow at the highest CAGR between 2018 and 2023. Among major countries in APAC, China is contributing immensely to the HVAC controls market. China is one of the fastest-growing economies in the world according to an announcement made by International Monetary Fund (IMF) in 2017. It also has a large construction industry, which is driven by the need to meet the increasing demand for HVAC in the country.
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- Table of Contents
- List of Tables & Figures
- Charts
- Research Methodology
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The HVAC Control Systems market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for HVAC Control Systems.
This report presents the worldwide HVAC Control Systems market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Honeywell International
Johnson Controls
Schneider Electric
ABB
Cylon
Trane
Nest
Siemens
Salus
Emerson
Ojelectronics
Regin
Lennox
KMC Controls
Sauter
Delta Controls
Distech Controls
HVAC Control Systems Breakdown Data by Type
Temperature Control System
Humidity Control System
Ventilation Control System
Integrated Control System
HVAC Control Systems Breakdown Data by Application
Commercial
Residential
Others
HVAC Control Systems Production by Region
United States
Europe
China
Japan
Other Regions
The study objectives are:
To analyze and research the global HVAC Control Systems status and future forecast?involving, production, revenue, consumption, historical and forecast.
To present the key HVAC Control Systems manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of HVAC Control Systems :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of HVAC Control Systems market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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