PUBLISHER: IMARC | PRODUCT CODE: 1291574
PUBLISHER: IMARC | PRODUCT CODE: 1291574
HVAC Control Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global HVAC control market size reached US$ 15.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
The heating, ventilation, and air conditioning (HVAC) control system is an automated mechanism used to regulate operations of heating and cooling conditions. They consist of control valves, sensors, energy sources and controlled devices. Ventilation, humidity, temperature and integrated are some of the commonly available HVAC systems. They are widely used to monitor and control HVAC performance and provide a comfortable environment by maintaining optimal temperature in enclosed spaces. HVAC control systems are equipped with sensing devices that compare the actual temperature of the area with a target temperature to enable the control systems to initiate an action. Some of the commonly used control systems include electronic, pneumatic and direct-acting systems. As a result, HVAC control units are widely used across various industry verticals such as hospitality, enterprises, retail and residential.
HVAC Control Market Trends:
The significant growth in the construction of commercial, industrial and residential buildings across the globe is one of the key factors creating a positive outlook for the market. HVAC control systems are widely used due to the increasing demand for enhanced air quality, performance and environmental issues. In line with this, the rising demand for remote access control systems for energy efficiency, streamlining operations and cost-effectiveness are favoring the market growth. Moreover, various technological advancements, such as the integration of smart devices with motion sensors and the Internet of Things (IoT), are providing an impetus to the market growth. These technologies assist in detecting occupancy within the building and turning the heating or cooling system down to lower power usage when no movement is detected for a prolonged period of time. In addition to this, the introduction of green technology due to the rising environmental concerns among consumers is positively impacting the market growth. Other factors, including rising expenditure capacities and the implementation of various government initiatives to promote energy-efficient buildings, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global HVAC control market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, implementation type, system and end user.
Breakup by Component:
Sensors
Controllers and Controlled Devices
Breakup by Implementation Type:
New Construction
Retrofit
Breakup by System:
Temperature Control Systems
Ventilation Control Systems
Humidity Control Systems
Integrated Control Systems
Breakup by End User:
Residential
Commercial
Industrial
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Azbil Corporation, Carrier Global Corporation, Computrols Inc., Daikin Industries Ltd, Danfoss, Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International, KMC Controls, Schneider Electric SE and Siemens AG.
Key Questions Answered in This Report:
- How has the global HVAC control market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global HVAC control market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the implementation type?
- What is the breakup of the market based on the system?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global HVAC control market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global HVAC Control Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Sensors
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Controllers and Controlled Devices
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Implementation Type
- 7.1 New Construction
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Retrofit
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by System
- 8.1 Temperature Control Systems
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Ventilation Control Systems
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Humidity Control Systems
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Integrated Control Systems
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by End User
- 9.1 Residential
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Commercial
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Industrial
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Azbil Corporation
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 Carrier Global Corporation
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.3 Computrols Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Daikin Industries Ltd
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Danfoss
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 SWOT Analysis
- 15.3.6 Delta Electronics Inc.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Emerson Electric Co.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Honeywell International Inc.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Johnson Controls International
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 KMC Controls
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Schneider Electric SE
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12 Siemens AG
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.12.4 SWOT Analysis
- 15.3.1 Azbil Corporation
List of Figures
- Figure 1: Global: HVAC Control Market: Major Drivers and Challenges
- Figure 2: Global: HVAC Control Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: HVAC Control Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: HVAC Control Market: Breakup by Component (in %), 2022
- Figure 5: Global: HVAC Control Market: Breakup by Implementation Type (in %), 2022
- Figure 6: Global: HVAC Control Market: Breakup by System (in %), 2022
- Figure 7: Global: HVAC Control Market: Breakup by End User (in %), 2022
- Figure 8: Global: HVAC Control Market: Breakup by Region (in %), 2022
- Figure 9: Global: HVAC Control (Sensors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: HVAC Control (Sensors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: HVAC Control (Controllers and Controlled Devices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: HVAC Control (Controllers and Controlled Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: HVAC Control (New Construction) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: HVAC Control (New Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: HVAC Control (Retrofit) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: HVAC Control (Retrofit) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: HVAC Control (Temperature Control Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: HVAC Control (Temperature Control Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: HVAC Control (Ventilation Control Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: HVAC Control (Ventilation Control Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: HVAC Control (Humidity Control Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: HVAC Control (Humidity Control Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: HVAC Control (Integrated Control Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: HVAC Control (Integrated Control Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: HVAC Control (Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: HVAC Control (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: HVAC Control (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: HVAC Control (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: HVAC Control (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: HVAC Control (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: North America: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: North America: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: United States: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: United States: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Canada: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Canada: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Asia-Pacific: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Asia-Pacific: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: China: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: China: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Japan: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Japan: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: India: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: India: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: South Korea: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: South Korea: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Australia: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Australia: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Indonesia: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Indonesia: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Others: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Others: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Europe: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Europe: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Germany: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Germany: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: France: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: France: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: United Kingdom: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: United Kingdom: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Italy: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Italy: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Spain: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Spain: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Russia: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Russia: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Others: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Others: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Latin America: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Latin America: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Brazil: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Brazil: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Mexico: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Mexico: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Others: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Others: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Middle East and Africa: HVAC Control Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Middle East and Africa: HVAC Control Market: Breakup by Country (in %), 2022
- Figure 79: Middle East and Africa: HVAC Control Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Global: HVAC Control Industry: SWOT Analysis
- Figure 81: Global: HVAC Control Industry: Value Chain Analysis
- Figure 82: Global: HVAC Control Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: HVAC Control Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: HVAC Control Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: HVAC Control Market Forecast: Breakup by Implementation Type (in Million US$), 2023-2028
- Table 4: Global: HVAC Control Market Forecast: Breakup by System (in Million US$), 2023-2028
- Table 5: Global: HVAC Control Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 6: Global: HVAC Control Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: HVAC Control Market: Competitive Structure
- Table 8: Global: HVAC Control Market: Key Players
