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The market for HVAC control systems was assessed at USD 13.6 billion in 2022, and from 2023 to 2030, it is anticipated to grow at a CAGR of 13.2%. The rising demand for building automation systems and technological developments related to HVAC control units are credited for the predicted market expansion. The need for HVAC controls that may be operated remotely has also increased due to a rise in client comfort preferences. Over the course of the forecast, all of these variables are anticipated to have a favourable impact on the market.
Due to a growth in investment in the building sector, increased urbanisation, and rising disposable incomes across major economies, demand for HVAC equipment is surging. Climate change is a significant element in the rise of HVAC demand worldwide. HVAC technology has moved from being a luxury to being a requirement due to climate change and rising temperatures. The increasing demand for HVAC equipment is anticipated to further fuel market expansion because control systems are an essential component of all HVAC equipment.
The government's initiatives to create a green, clean, and sustainable environment are projected to cause the HVAC control systems market to expand significantly. A number of governments offer financial incentives to encourage the use of energy-saving technology in both home and business settings. For instance, the U.S. government passed the Energy Policy Act of 2005, which offers new commercial buildings a tax break of up to USD 1.80 per square foot. Buildings that cut their regulated energy usage by 50% in comparison to the specifications listed in the 2001 new construction standard created by the American Society of Heating, Refrigerating and Air-Conditioning Engineers, Inc. (ASHRAE 90.1) are eligible for the tax advantage. Such government activities are anticipated to maintain demand for energy-efficient HVAC control systems, along with growing awareness of environmental degradation and energy management.
The development of technologically superior smart controls is expected to increase demand for HVAC controls. To enhance connectivity and home automation, manufacturers are concentrating on offering HVAC control systems that are Internet of Things (IoT) enabled. For instance, the ControlPad smart HVAC controller from CoolAutomation Ltd. was created for home automation. The controller has an ASCII interface and RS485 network, which facilitate communication with various pieces of equipment like lights, curtains, air conditioning, and heating.
The demand for newer, more advanced controllers to replace outdated control systems is anticipated to drive market expansion. In comparison to outdated systems, advanced systems provide a number of advantages, including lower running costs and more energy efficiency. Therefore, it is anticipated that in developed economies like the U.S., U.K., Germany, and Japan, the market will be driven by retrofits, replacements, and incremental enhancements to current systems. Additionally, improvements in the capabilities of HVAC sensors used to measure temperature, CO2, humidity, and occupancy are also anticipated to support market demand over the projection period.
Report Coverage
Global HVAC Control Systems research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global HVAC Control Systems report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and HVAC Control Systems competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key HVAC Control Systems market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global HVAC Control Systems market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, HVAC Control Systems market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Honeywell International; Johnson Controls; Schneider Electric; Delta Controls; Nest; Ingersoll-Rand plc; and Mitsubishi Electric Corporation.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global HVAC Control Systems market based on the below-mentioned segments:
Global HVAC Control Systems Market, By Component
Sensors
Controllers
Controlled Devices
Global HVAC Control Systems market, By System
Temperature & Humidity Control
Ventilation Control
Integrated Control
Global HVAC Control Systems Market, By Application
Residential
Commercial
Industrial
Global HVAC Control Systems market, Regional Analysis
Due to a growth in investment in the building sector, increased urbanisation, and rising disposable incomes across major economies, demand for HVAC equipment is surging. Climate change is a significant element in the rise of HVAC demand worldwide. HVAC technology has moved from being a luxury to being a requirement due to climate change and rising temperatures. The increasing demand for HVAC equipment is anticipated to further fuel market expansion because control systems are an essential component of all HVAC equipment.
The government's initiatives to create a green, clean, and sustainable environment are projected to cause the HVAC control systems market to expand significantly. A number of governments offer financial incentives to encourage the use of energy-saving technology in both home and business settings. For instance, the U.S. government passed the Energy Policy Act of 2005, which offers new commercial buildings a tax break of up to USD 1.80 per square foot. Buildings that cut their regulated energy usage by 50% in comparison to the specifications listed in the 2001 new construction standard created by the American Society of Heating, Refrigerating and Air-Conditioning Engineers, Inc. (ASHRAE 90.1) are eligible for the tax advantage. Such government activities are anticipated to maintain demand for energy-efficient HVAC control systems, along with growing awareness of environmental degradation and energy management.
The development of technologically superior smart controls is expected to increase demand for HVAC controls. To enhance connectivity and home automation, manufacturers are concentrating on offering HVAC control systems that are Internet of Things (IoT) enabled. For instance, the ControlPad smart HVAC controller from CoolAutomation Ltd. was created for home automation. The controller has an ASCII interface and RS485 network, which facilitate communication with various pieces of equipment like lights, curtains, air conditioning, and heating.
The demand for newer, more advanced controllers to replace outdated control systems is anticipated to drive market expansion. In comparison to outdated systems, advanced systems provide a number of advantages, including lower running costs and more energy efficiency. Therefore, it is anticipated that in developed economies like the U.S., U.K., Germany, and Japan, the market will be driven by retrofits, replacements, and incremental enhancements to current systems. Additionally, improvements in the capabilities of HVAC sensors used to measure temperature, CO2, humidity, and occupancy are also anticipated to support market demand over the projection period.
Report Coverage
Global HVAC Control Systems research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global HVAC Control Systems report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and HVAC Control Systems competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key HVAC Control Systems market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Honeywell International; Johnson Controls; Schneider Electric; Delta Controls; Nest; Ingersoll-Rand plc; and Mitsubishi Electric Corporation. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of HVAC Control Systems Market from 2021 to 2030.
- Market Forecast for HVAC Control Systems Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, HVAC Control Systems competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on HVAC Control Systems
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global HVAC Control Systems market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, HVAC Control Systems market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Honeywell International; Johnson Controls; Schneider Electric; Delta Controls; Nest; Ingersoll-Rand plc; and Mitsubishi Electric Corporation.
Primary Target Market
- Market Players of HVAC Control Systems
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global HVAC Control Systems market based on the below-mentioned segments:
Global HVAC Control Systems Market, By Component
Sensors
Controllers
Controlled Devices
Global HVAC Control Systems market, By System
Temperature & Humidity Control
Ventilation Control
Integrated Control
Global HVAC Control Systems Market, By Application
Residential
Commercial
Industrial
Global HVAC Control Systems market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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