Europe HVAC Control Systems Market By Component (Controllers, Sensors and Controlled Devices) By Type (Temperature & Humidity Control, Ventilation Control and Integrated Control) By End User (Residential, Commercial and Industrial) By Country, Industry Analysis and Forecast, 2019 - 2025

Report Id: KBV-3038 Publication Date: November-2019 Number of Pages: 119

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Analysis of Market Size & Trends

The Europe HVAC Control Systems Market would witness market growth of 11.99% CAGR during the forecast period (2019-2025). The implementation of technologically advanced smart devices has increased the demand for HVAC controls. Manufacturers focus on providing connectivity and home automation with Internet of Things (IoT) enabled HVAC control systems. For example, CoolAutomation ltd. designed a smart HVAC controller called ControlPad for home automation. The controller is designed with the RS485 network and ASCII interface to communicate with multiple devices such as lighting, cooling, heating, and curtains.

It has been anticipated that the need to replace existing old control systems with modern, more complex controllers would fuel market growth. Advanced systems deliver numerous benefits, including decreased operating costs and greater energy efficiency, over existing systems. It is expected that retrofits, replacements, and incremental changes to existing systems will drive the market in developed economies like the U.K., Germany. In addition, developments in HVAC sensor technology used to monitor CO2, humidity, occupancy, and temperature are also projected to maintain market demand during the forecast period.

Based on Component, the market is segmented into Controllers, Sensors and Controlled Devices. Based on Type, the market is segmented into Temperature & Humidity Control, Ventilation Control and Integrated Control. Based on End User, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: HVAC Control Systems Market in Europe is expected to register a CAGR of 11.99% during the forecast period (2019-2025)

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include United Technologies Corporation, Emerson Electric Co., Delta Electronics, Inc., Honeywell International, Inc., Schneider Electric SE, Siemens AG, Johnson Controls International Plc., Mitsubishi Electric Corporation, Ingersoll-Rand Plc. and Lennox International, Inc.