The Latin America, Middle East and Africa HVAC Controls Market would witness market growth of 11.7% CAGR during the forecast period (2022-2028).
The HVAC sector is utilizing motion-activated air conditioning, which uses the same operating mechanism as motion-activated lighting. The mechanism activates or deactivates when motion is sensed. By doing this, it is prevented energy is lost from cooling empty spaces. When motion is detected by sensors strategically positioned throughout the building or home, the air conditioning unit is activated, and the temperature is adjusted with the aid of the HVAC management system.
To save energy, the system turns off when occupants leave a space. The demand for heating and cooling equipment has increased as industrialization has grown, especially in sectors like mining and electricity generating. Numerous commercial organizations and companies have been compelled to install HVAC controls in their working spaces due to rising energy costs and tight rules that take environmental standards into account.
Considering the rise in temperature in the Middle East and sub-Saharan Africa, having an HVAC system is now seen as a requirement rather than a luxury. Industrialization and rapid urbanization in developing economies of this region have caused a significant rise in the HVAC Controls Market . With the expansion of construction projects and increasing tourism, this region is growing to be a firm contributor to the HVAC Controls Market . The rise in tourism has initiated many construction projects to raise the standards of hospitality.
The Brazil market dominated the LAMEA HVAC Controls Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $605.7 million by 2028. The Argentina market is experiencing a CAGR of 12.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 11.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global HVAC Controls Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA HVAC Controls Market, by Application
1.4.2 LAMEA HVAC Controls Market, by Component
1.4.3 LAMEA HVAC Controls Market, by Implementation Type
1.4.4 LAMEA HVAC Controls Market, by System
1.4.5 LAMEA 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. LAMEA HVAC Controls Market by Application
4.1 LAMEA Commercial Market by Country
4.2 LAMEA Industrial Market by Country
4.3 LAMEA Residential Market by Country
Chapter 5. LAMEA HVAC Controls Market by Component
5.1 LAMEA Controllers & Controlled Equipment Market by Country
5.2 LAMEA Sensors Market by Country
Chapter 6. LAMEA HVAC Controls Market by Implementation Type
6.1 LAMEA New Construction Market by Country
6.2 LAMEA Retrofit Market by Country
Chapter 7. LAMEA HVAC Controls Market by System
7.1 LAMEA Temperature Control System Market by Country
7.2 LAMEA Ventilation Control System Market by Country
7.3 LAMEA Humidty Control System Market by Country
7.4 LAMEA Integrated Control System Market by Country
Chapter 8. LAMEA HVAC Controls Market by Country
8.1 Brazil HVAC Controls Market
8.1.1 Brazil HVAC Controls Market by Application
8.1.2 Brazil HVAC Controls Market by Component
8.1.3 Brazil HVAC Controls Market by Implementation Type
8.1.4 Brazil HVAC Controls Market by System
8.2 Argentina HVAC Controls Market
8.2.1 Argentina HVAC Controls Market by Application
8.2.2 Argentina HVAC Controls Market by Component
8.2.3 Argentina HVAC Controls Market by Implementation Type
8.2.4 Argentina HVAC Controls Market by System
8.3 UAE HVAC Controls Market
8.3.1 UAE HVAC Controls Market by Application
8.3.2 UAE HVAC Controls Market by Component
8.3.3 UAE HVAC Controls Market by Implementation Type
8.3.4 UAE HVAC Controls Market by System
8.4 Saudi Arabia HVAC Controls Market
8.4.1 Saudi Arabia HVAC Controls Market by Application
8.4.2 Saudi Arabia HVAC Controls Market by Component
8.4.3 Saudi Arabia HVAC Controls Market by Implementation Type
8.4.4 Saudi Arabia HVAC Controls Market by System
8.5 South Africa HVAC Controls Market
8.5.1 South Africa HVAC Controls Market by Application
8.5.2 South Africa HVAC Controls Market by Component
8.5.3 South Africa HVAC Controls Market by Implementation Type
8.5.4 South Africa HVAC Controls Market by System
8.6 Nigeria HVAC Controls Market
8.6.1 Nigeria HVAC Controls Market by Application
8.6.2 Nigeria HVAC Controls Market by Component
8.6.3 Nigeria HVAC Controls Market by Implementation Type
8.6.4 Nigeria HVAC Controls Market by System
8.7 Rest of LAMEA HVAC Controls Market
8.7.1 Rest of LAMEA HVAC Controls Market by Application
8.7.2 Rest of LAMEA HVAC Controls Market by Component
8.7.3 Rest of LAMEA HVAC Controls Market by Implementation Type
8.7.4 Rest of LAMEA 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 LAMEA HVAC Controls Market, 2018 - 2021, USD Million
TABLE 2 LAMEA 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 LAMEA HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 7 LAMEA HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 8 LAMEA Commercial Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Commercial Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Industrial Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Industrial Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Residential Market by Country, 2018 - 2021, USD Million
TABLE 13 LAMEA Residential Market by Country, 2022 - 2028, USD Million
TABLE 14 LAMEA HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 15 LAMEA HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 16 LAMEA Controllers & Controlled Equipment Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Controllers & Controlled Equipment Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Sensors Market by Country, 2018 - 2021, USD Million
TABLE 19 LAMEA Sensors Market by Country, 2022 - 2028, USD Million
TABLE 20 LAMEA HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 21 LAMEA HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 22 LAMEA New Construction Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA New Construction Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Retrofit Market by Country, 2018 - 2021, USD Million
TABLE 25 LAMEA Retrofit Market by Country, 2022 - 2028, USD Million
TABLE 26 LAMEA HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 27 LAMEA HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 28 LAMEA Temperature Control System Market by Country, 2018 - 2021, USD Million
TABLE 29 LAMEA Temperature Control System Market by Country, 2022 - 2028, USD Million
TABLE 30 LAMEA Ventilation Control System Market by Country, 2018 - 2021, USD Million
TABLE 31 LAMEA Ventilation Control System Market by Country, 2022 - 2028, USD Million
TABLE 32 LAMEA Humidty Control System Market by Country, 2018 - 2021, USD Million
TABLE 33 LAMEA Humidty Control System Market by Country, 2022 - 2028, USD Million
TABLE 34 LAMEA Integrated Control System Market by Country, 2018 - 2021, USD Million
TABLE 35 LAMEA Integrated Control System Market by Country, 2022 - 2028, USD Million
TABLE 36 LAMEA HVAC Controls Market by Country, 2018 - 2021, USD Million
TABLE 37 LAMEA HVAC Controls Market by Country, 2022 - 2028, USD Million
TABLE 38 Brazil HVAC Controls Market, 2018 - 2021, USD Million
TABLE 39 Brazil HVAC Controls Market, 2022 - 2028, USD Million
TABLE 40 Brazil HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 41 Brazil HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 42 Brazil HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 43 Brazil HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 44 Brazil HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 45 Brazil HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 46 Brazil HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 47 Brazil HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 48 Argentina HVAC Controls Market, 2018 - 2021, USD Million
TABLE 49 Argentina HVAC Controls Market, 2022 - 2028, USD Million
TABLE 50 Argentina HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 51 Argentina HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 52 Argentina HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 53 Argentina HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 54 Argentina HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 55 Argentina HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 56 Argentina HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 57 Argentina HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 58 UAE HVAC Controls Market, 2018 - 2021, USD Million
TABLE 59 UAE HVAC Controls Market, 2022 - 2028, USD Million
TABLE 60 UAE HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 61 UAE HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 62 UAE HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 63 UAE HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 64 UAE HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 65 UAE HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 66 UAE HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 67 UAE HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 68 Saudi Arabia HVAC Controls Market, 2018 - 2021, USD Million
TABLE 69 Saudi Arabia HVAC Controls Market, 2022 - 2028, USD Million
TABLE 70 Saudi Arabia HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 71 Saudi Arabia HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 72 Saudi Arabia HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 73 Saudi Arabia HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 74 Saudi Arabia HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 75 Saudi Arabia HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 76 Saudi Arabia HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 77 Saudi Arabia HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 78 South Africa HVAC Controls Market, 2018 - 2021, USD Million
TABLE 79 South Africa HVAC Controls Market, 2022 - 2028, USD Million
TABLE 80 South Africa HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 81 South Africa HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 82 South Africa HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 83 South Africa HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 84 South Africa HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 85 South Africa HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 86 South Africa HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 87 South Africa HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 88 Nigeria HVAC Controls Market, 2018 - 2021, USD Million
TABLE 89 Nigeria HVAC Controls Market, 2022 - 2028, USD Million
TABLE 90 Nigeria HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 91 Nigeria HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 92 Nigeria HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 93 Nigeria HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 94 Nigeria HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 95 Nigeria HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 96 Nigeria HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 97 Nigeria HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 98 Rest of LAMEA HVAC Controls Market, 2018 - 2021, USD Million
TABLE 99 Rest of LAMEA HVAC Controls Market, 2022 - 2028, USD Million
TABLE 100 Rest of LAMEA HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 101 Rest of LAMEA HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 102 Rest of LAMEA HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 103 Rest of LAMEA HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 104 Rest of LAMEA HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 105 Rest of LAMEA HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 106 Rest of LAMEA HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 107 Rest of LAMEA 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