The Asia Pacific HVAC Controls Market would witness market growth of 9.6% CAGR during the forecast period (2022-2028).
There are sensors, software, and connectivity built into new HVAC technologies that employ an Internet of Things (IoT) system, allowing the HVAC system to exchange data with other connected devices. IoT solutions enhance preventative maintenance by collecting information on equipment status and air quality. Gaining insight into a variety of equipment is now substantially easier owing to new, reasonably priced Internet of Things HVAC technology.
The rising use of cloud computing has benefited a number of business sectors by enabling cutting-edge AI capabilities for a range of applications, including HVAC. Digital twin, a real-time-based simulation of the system model that uses real-time operational data from the HVAC system to perform a simulation to lower operational costs, provides details on the ideal maintenance schedule for HVAC equipment and performs remote diagnostics, is the most advanced application of cloud computing and IoT.
The necessity for housing among the expanding urban population is anticipated to increase construction activities across residential and commercial infrastructure. In order to meet the pressing demands of the rising middle-class population. This has led to an increase in construction activities in countries like japan, china, and India and thus, a subsequent boost in the HVAC market is seen. Additionally, most governments in this region have launched initiatives and programs to encourage the use of sophisticated energy-efficient components in new building structures.
The China market dominated the Asia Pacific HVAC Controls Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,222.4 million by 2028. The Japan market is estimated to grow a CAGR of 9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 10.3% during (2022 - 2028).
Based on Application, the market is segmented into Commercial, Industrial, and Residential. Based on Component, the market is segmented into Controllers & Controlled Equipment and Sensors. Based on Implementation Type, the market is segmented into New Construction and Retrofit. Based on System, the market is segmented into Temperature Control System, Ventilation Control System, Humidity Control System, and Integrated Control System. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide HVAC Controls Market is Projected to reach USD 28.9 Billion by 2028, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., LG Electronics, Inc. (LG Corporation), Siemens AG, Schneider Electric SE, Emerson Electric Co., Johnson Controls International PLC, Trane Technologies PLC, Daikin Industries, Ltd., Mitsubishi Electric Corporation, and Carrier Global Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Commercial
- Industrial
- Residential
By Component
- Controllers & Controlled Equipment
- Sensors
By Implementation Type
- New Construction
- Retrofit
By System
- Temperature Control System
- Ventilation Control System
- Humidity Control System
- Integrated Control System
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- LG Electronics, Inc. (LG Corporation)
- Siemens AG
- Schneider Electric SE
- Emerson Electric Co.
- Johnson Controls International PLC
- Trane Technologies PLC
- Daikin Industries, Ltd.
- Mitsubishi Electric Corporation
- Carrier Global Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific HVAC Controls Market, by Application
1.4.2 Asia Pacific HVAC Controls Market, by Component
1.4.3 Asia Pacific HVAC Controls Market, by Implementation Type
1.4.4 Asia Pacific HVAC Controls Market, by System
1.4.5 Asia Pacific HVAC Controls Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Acquisition and Mergers: 2020, Apr – 2022, Apr) Leading Players
Chapter 4. Asia Pacific HVAC Controls Market by Application
4.1 Asia Pacific Commercial Market by Country
4.2 Asia Pacific Industrial Market by Country
4.3 Asia Pacific Residential Market by Country
Chapter 5. Asia Pacific HVAC Controls Market by Component
5.1 Asia Pacific Controllers & Controlled Equipment Market by Country
5.2 Asia Pacific Sensors Market by Country
Chapter 6. Asia Pacific HVAC Controls Market by Implementation Type
6.1 Asia Pacific New Construction Market by Country
6.2 Asia Pacific Retrofit Market by Country
Chapter 7. Asia Pacific HVAC Controls Market by System
7.1 Asia Pacific Temperature Control System Market by Country
7.2 Asia Pacific Ventilation Control System Market by Country
7.3 Asia Pacific Humidty Control System Market by Country
7.4 Asia Pacific Integrated Control System Market by Country
Chapter 8. Asia Pacific HVAC Controls Market by Country
8.1 China HVAC Controls Market
8.1.1 China HVAC Controls Market by Application
8.1.2 China HVAC Controls Market by Component
8.1.3 China HVAC Controls Market by Implementation Type
8.1.4 China HVAC Controls Market by System
8.2 Japan HVAC Controls Market
8.2.1 Japan HVAC Controls Market by Application
8.2.2 Japan HVAC Controls Market by Component
8.2.3 Japan HVAC Controls Market by Implementation Type
8.2.4 Japan HVAC Controls Market by System
8.3 India HVAC Controls Market
8.3.1 India HVAC Controls Market by Application
8.3.2 India HVAC Controls Market by Component
8.3.3 India HVAC Controls Market by Implementation Type
8.3.4 India HVAC Controls Market by System
8.4 South Korea HVAC Controls Market
8.4.1 South Korea HVAC Controls Market by Application
8.4.2 South Korea HVAC Controls Market by Component
8.4.3 South Korea HVAC Controls Market by Implementation Type
8.4.4 South Korea HVAC Controls Market by System
8.5 Singapore HVAC Controls Market
8.5.1 Singapore HVAC Controls Market by Application
8.5.2 Singapore HVAC Controls Market by Component
8.5.3 Singapore HVAC Controls Market by Implementation Type
8.5.4 Singapore HVAC Controls Market by System
8.6 Malaysia HVAC Controls Market
8.6.1 Malaysia HVAC Controls Market by Application
8.6.2 Malaysia HVAC Controls Market by Component
8.6.3 Malaysia HVAC Controls Market by Implementation Type
8.6.4 Malaysia HVAC Controls Market by System
8.7 Rest of Asia Pacific HVAC Controls Market
8.7.1 Rest of Asia Pacific HVAC Controls Market by Application
8.7.2 Rest of Asia Pacific HVAC Controls Market by Component
8.7.3 Rest of Asia Pacific HVAC Controls Market by Implementation Type
8.7.4 Rest of Asia Pacific HVAC Controls Market by System
Chapter 9. Company Profiles
9.1 Honeywell International, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 LG Electronics, Inc. (LG Corporation)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Siemens AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 Schneider Electric SE
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Emerson Electric Co.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Acquisition and Mergers:
9.6 Johnson Controls International PLC
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental & Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.5.3 Acquisition and Mergers:
9.7 Trane Technologies PLC
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.8 Daikin Industries, Ltd.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional & Segmental Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
9.8.5.3 Acquisition and Mergers:
9.9 Mitsubishi Electric Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Acquisition and Mergers:
9.10. Carrier Global Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.5.2 Acquisition and Mergers:
TABLE 1 Asia Pacific HVAC Controls Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific HVAC Controls Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– HVAC Controls Market
TABLE 4 Product Launches And Product Expansions– HVAC Controls Market
TABLE 5 Acquisition and Mergers– HVAC Controls Market
TABLE 6 Asia Pacific HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 7 Asia Pacific HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Commercial Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Commercial Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Industrial Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Industrial Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Residential Market by Country, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Residential Market by Country, 2022 - 2028, USD Million
TABLE 14 Asia Pacific HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 15 Asia Pacific HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Controllers & Controlled Equipment Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Controllers & Controlled Equipment Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Sensors Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Sensors Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 21 Asia Pacific HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 22 Asia Pacific New Construction Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific New Construction Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Retrofit Market by Country, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Retrofit Market by Country, 2022 - 2028, USD Million
TABLE 26 Asia Pacific HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 27 Asia Pacific HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Temperature Control System Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Temperature Control System Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Ventilation Control System Market by Country, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Ventilation Control System Market by Country, 2022 - 2028, USD Million
TABLE 32 Asia Pacific Humidty Control System Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific Humidty Control System Market by Country, 2022 - 2028, USD Million
TABLE 34 Asia Pacific Integrated Control System Market by Country, 2018 - 2021, USD Million
TABLE 35 Asia Pacific Integrated Control System Market by Country, 2022 - 2028, USD Million
TABLE 36 Asia Pacific HVAC Controls Market by Country, 2018 - 2021, USD Million
TABLE 37 Asia Pacific HVAC Controls Market by Country, 2022 - 2028, USD Million
TABLE 38 China HVAC Controls Market, 2018 - 2021, USD Million
TABLE 39 China HVAC Controls Market, 2022 - 2028, USD Million
TABLE 40 China HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 41 China HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 42 China HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 43 China HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 44 China HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 45 China HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 46 China HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 47 China HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 48 Japan HVAC Controls Market, 2018 - 2021, USD Million
TABLE 49 Japan HVAC Controls Market, 2022 - 2028, USD Million
TABLE 50 Japan HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 51 Japan HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 52 Japan HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 53 Japan HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 54 Japan HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 55 Japan HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 56 Japan HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 57 Japan HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 58 India HVAC Controls Market, 2018 - 2021, USD Million
TABLE 59 India HVAC Controls Market, 2022 - 2028, USD Million
TABLE 60 India HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 61 India HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 62 India HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 63 India HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 64 India HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 65 India HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 66 India HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 67 India HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 68 South Korea HVAC Controls Market, 2018 - 2021, USD Million
TABLE 69 South Korea HVAC Controls Market, 2022 - 2028, USD Million
TABLE 70 South Korea HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 71 South Korea HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 72 South Korea HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 73 South Korea HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 74 South Korea HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 75 South Korea HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 76 South Korea HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 77 South Korea HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 78 Singapore HVAC Controls Market, 2018 - 2021, USD Million
TABLE 79 Singapore HVAC Controls Market, 2022 - 2028, USD Million
TABLE 80 Singapore HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 81 Singapore HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 82 Singapore HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 83 Singapore HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 84 Singapore HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 85 Singapore HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 86 Singapore HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 87 Singapore HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 88 Malaysia HVAC Controls Market, 2018 - 2021, USD Million
TABLE 89 Malaysia HVAC Controls Market, 2022 - 2028, USD Million
TABLE 90 Malaysia HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 91 Malaysia HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 92 Malaysia HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 93 Malaysia HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 94 Malaysia HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 95 Malaysia HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 96 Malaysia HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 97 Malaysia HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 98 Rest of Asia Pacific HVAC Controls Market, 2018 - 2021, USD Million
TABLE 99 Rest of Asia Pacific HVAC Controls Market, 2022 - 2028, USD Million
TABLE 100 Rest of Asia Pacific HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 101 Rest of Asia Pacific HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 102 Rest of Asia Pacific HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 103 Rest of Asia Pacific HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 104 Rest of Asia Pacific HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 105 Rest of Asia Pacific HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 106 Rest of Asia Pacific HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 107 Rest of Asia Pacific HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 108 Key Information – Honeywell International, Inc.
TABLE 109 Key information – LG Electronics, Inc.
TABLE 110 Key Information – Siemens AG
TABLE 111 Key information – Schneider Electric SE
TABLE 112 Key Information – Emerson Electric Co.
TABLE 113 Key Information – Johnson Controls International PLC
TABLE 114 Key Information – Trane Technologies PLC
TABLE 115 Key information – Daikin Industries, Ltd.
TABLE 116 key information – Mitsubishi Electric Corporation
TABLE 117 Key Information – Carrier Global Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Acquisition and Mergers: 2020, Apr – 2022, Apr) Leading Players
FIG 6 Swot analysis: Honeywell international, inc.
FIG 7 Swot analysis: LG Corporation
FIG 8 Swot analysis: Siemens AG
FIG 9 Swot analysis: Schneider Electric SE
FIG 10 Recent strategies and developments: Johnson Controls International PLC
FIG 11 Recent strategies and developments: Daikin Industries, Ltd.
FIG 12 Recent strategies and developments: Carrier Global Corporation