The North America HVAC Controls Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
These Digital Device controllers (DDC) groups can be networked or not and still constitute a layer of systems. This "subsystem" is essential to the entire HVAC system's functionality and fundamental operation. The "brain" of the HVAC system is the DDC system. Every damper and valve in a system must be installed at a certain location as decided by the DDCs. It determines the type, speed, and capacity of fans, pumps, and chillers that operate.
This has transformed the idea of controls and made it easier to make way for building automation. Smart HVAC systems have the ability to automate HVAC controls and anticipate when maintenance is necessary before any serious problems begin to damage the system. This modern technological development can eliminate interruptions during routine checkup downtime. The planning, execution, and management of these processes are integrated into one or more HVAC systems in contemporary structures.
The need for HVAC systems is growing in a variety of industries, including the manufacturing, real estate, and service sectors, as a result of factors like the desire for convenience, rising heating costs, and rising disposable income. The highest contribution and penetration rate for heating HVAC equipment is in North America. Given the rising cost of building, continued development is anticipated to produce quick gains. As per the US Department of Energy and ENERGY STAR, Three million heating and cooling systems are replaced each year in the US, and tens of billion are spent on HVAC servicing and repairs.
The US market dominated the North America HVAC Controls Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,876 million by 2028. The Canada market is poised to grow at a CAGR of 10.5% during (2022 - 2028). Additionally, The Mexico market would witness 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global HVAC Controls Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America HVAC Controls Market, by Application
1.4.2 North America HVAC Controls Market, by Component
1.4.3 North America HVAC Controls Market, by Implementation Type
1.4.4 North America HVAC Controls Market, by System
1.4.5 North America 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. North America HVAC Controls Market by Application
4.1 North America Commercial Market by Country
4.2 North America Industrial Market by Country
4.3 North America Residential Market by Country
Chapter 5. North America HVAC Controls Market by Component
5.1 North America Controllers & Controlled Equipment Market by Country
5.2 North America Sensors Market by Country
Chapter 6. North America HVAC Controls Market by Implementation Type
6.1 North America New Construction Market by Country
6.2 North America Retrofit Market by Country
Chapter 7. North America HVAC Controls Market by System
7.1 North America Temperature Control System Market by Country
7.2 North America Ventilation Control System Market by Country
7.3 North America Humidty Control System Market by Country
7.4 North America Integrated Control System Market by Country
Chapter 8. North America HVAC Controls Market by Country
8.1 US HVAC Controls Market
8.1.1 US HVAC Controls Market by Application
8.1.2 US HVAC Controls Market by Component
8.1.3 US HVAC Controls Market by Implementation Type
8.1.4 US HVAC Controls Market by System
8.2 Canada HVAC Controls Market
8.2.1 Canada HVAC Controls Market by Application
8.2.2 Canada HVAC Controls Market by Component
8.2.3 Canada HVAC Controls Market by Implementation Type
8.2.4 Canada HVAC Controls Market by System
8.3 Mexico HVAC Controls Market
8.3.1 Mexico HVAC Controls Market by Application
8.3.2 Mexico HVAC Controls Market by Component
8.3.3 Mexico HVAC Controls Market by Implementation Type
8.3.4 Mexico HVAC Controls Market by System
8.4 Rest of North America HVAC Controls Market
8.4.1 Rest of North America HVAC Controls Market by Application
8.4.2 Rest of North America HVAC Controls Market by Component
8.4.3 Rest of North America HVAC Controls Market by Implementation Type
8.4.4 Rest of North America 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 North America HVAC Controls Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 7 North America HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 8 North America Commercial Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Commercial Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Residential Market by Country, 2018 - 2021, USD Million
TABLE 13 North America Residential Market by Country, 2022 - 2028, USD Million
TABLE 14 North America HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 15 North America HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 16 North America Controllers & Controlled Equipment Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Controllers & Controlled Equipment Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Sensors Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Sensors Market by Country, 2022 - 2028, USD Million
TABLE 20 North America HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 21 North America HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 22 North America New Construction Market by Country, 2018 - 2021, USD Million
TABLE 23 North America New Construction Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Retrofit Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Retrofit Market by Country, 2022 - 2028, USD Million
TABLE 26 North America HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 27 North America HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 28 North America Temperature Control System Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Temperature Control System Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Ventilation Control System Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Ventilation Control System Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Humidty Control System Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Humidty Control System Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Integrated Control System Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Integrated Control System Market by Country, 2022 - 2028, USD Million
TABLE 36 North America HVAC Controls Market by Country, 2018 - 2021, USD Million
TABLE 37 North America HVAC Controls Market by Country, 2022 - 2028, USD Million
TABLE 38 US HVAC Controls Market, 2018 - 2021, USD Million
TABLE 39 US HVAC Controls Market, 2022 - 2028, USD Million
TABLE 40 US HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 41 US HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 42 US HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 43 US HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 44 US HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 45 US HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 46 US HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 47 US HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 48 Canada HVAC Controls Market, 2018 - 2021, USD Million
TABLE 49 Canada HVAC Controls Market, 2022 - 2028, USD Million
TABLE 50 Canada HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 51 Canada HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 52 Canada HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 53 Canada HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 54 Canada HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 55 Canada HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 56 Canada HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 57 Canada HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 58 Mexico HVAC Controls Market, 2018 - 2021, USD Million
TABLE 59 Mexico HVAC Controls Market, 2022 - 2028, USD Million
TABLE 60 Mexico HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 61 Mexico HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 62 Mexico HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 63 Mexico HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 64 Mexico HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 65 Mexico HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 66 Mexico HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 67 Mexico HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 68 Rest of North America HVAC Controls Market, 2018 - 2021, USD Million
TABLE 69 Rest of North America HVAC Controls Market, 2022 - 2028, USD Million
TABLE 70 Rest of North America HVAC Controls Market by Application, 2018 - 2021, USD Million
TABLE 71 Rest of North America HVAC Controls Market by Application, 2022 - 2028, USD Million
TABLE 72 Rest of North America HVAC Controls Market by Component, 2018 - 2021, USD Million
TABLE 73 Rest of North America HVAC Controls Market by Component, 2022 - 2028, USD Million
TABLE 74 Rest of North America HVAC Controls Market by Implementation Type, 2018 - 2021, USD Million
TABLE 75 Rest of North America HVAC Controls Market by Implementation Type, 2022 - 2028, USD Million
TABLE 76 Rest of North America HVAC Controls Market by System, 2018 - 2021, USD Million
TABLE 77 Rest of North America HVAC Controls Market by System, 2022 - 2028, USD Million
TABLE 78 Key Information – Honeywell International, Inc.
TABLE 79 Key information – LG Electronics, Inc.
TABLE 80 Key Information – Siemens AG
TABLE 81 Key information – Schneider Electric SE
TABLE 82 Key Information – Emerson Electric Co.
TABLE 83 Key Information – Johnson Controls International PLC
TABLE 84 Key Information – Trane Technologies PLC
TABLE 85 Key information – Daikin Industries, Ltd.
TABLE 86 key information – Mitsubishi Electric Corporation
TABLE 87 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