The Global HVAC Control Systems Market size is expected to reach $28.8 billion by 2025, rising at a market growth of 12.6% CAGR during the forecast period. A standard HVAC control system includes functionally and/or geographically distributed controllers that can control different processes across a building or group of buildings. This can be done either from a central host computer or from a device that integrates host computer and web server functions throughout the Internet. The controllers of today have comprehensive technical skills and are usually able to control processes such as off-normal alarms, event-initiated systems, time-based programs and programs for energy management. Controllers share data with each other and the host device via a communication protocol. In the absence of a host computer, the controllers of today also have the intelligence to work as standalone control systems. HVAC equipment is fitted with embedded controllers and the IO can be connected with or is remotely located with the controller.
Global HVAC Control Systems Market Size
The market growth is projected to soar high due to rapid adoption of the Internet of Things (IoT) over the forecast period. HVAC systems are combined with IoT technology by manufacturers. Manufacturers configure the devices to work in real-time with other connected systems such as powered shades of windows and door locks. The increasing integration of M2M allows users to use intelligent systems in HVAC units. In addition, modules like sensors are used by organizations to capture real-time information and track indoor environmental conditions to improve user experience. Such systems also use the information gathering components already installed in smart homes. Growing use of smart sensor technology will drive demand for the market for HVAC controls over the forecast period.
Free Valuable Insights: Global HVAC Control Systems Market to reach a market size of $28.8 billion by 2025
Global HVAC Control Systems Market Share
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. The demand for integrated control systems has been estimated to rise at the highest CAGR during the forecast period. The integrated control system consists of integrating ventilation, temperature, light, and other control systems. The combined effect allows the user to take advantage of various control features. It is also believed that integrated control systems can integrate communication modes including cloud computing, Wi-Fi, and the Internet of Things (IoT) that would help in controlling, maintaining, and monitoring HVAC systems virtually from anywhere. Based on End User, the market is segmented into Residential, Commercial and Industrial. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
HVAC Control Systems Market Cardinal Matrix
The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Siemens AG, Honeywell International, Inc., United Technologies Corporation, Schneider Electric SE, and Johnson Controls International PLC are some of the forerunners in the HVAC Control Systems Market. 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.
» Collaborations, Partnerships and Agreements:
» Acquisition and Mergers:
» Product Launches:
» Expansions:
Market Segmentation:
By Component
By Type
By End User
By Geography
Companies Profiled
According to a new report published by KBV Research, The global HVAC Control Systems market size is expected to reach $28.8 billion by 2025.
The major factors that are anticipated to drive the HVAC Control Systems industry include growing construction market and increasing adoption of smart devices.
Asia Pacific region market would witness a highest CAGR of 13.2% during (2019-2025).
The Asia-Pacific market was dominant in the overall regional market of HVAC control systems during 2018.
The expected CAGR of HVAC Control Systems market is 12.6% from 2019 to 2025.
Some of the key industry players are 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.
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