Press release
Global Automatic Environmental Control Manufacturing Market to 2022| Johnson Controls, Schneider Electric, United Technologies, Honeywell International, Ingersoll-Rand
Summary
Global automatic environmental control manufacturing market growth outlook is positive with significant growth potential for automatic controls pertaining to air conditioning and heating. Emerging market growth, low interest rate environment, urbanization, rising population, rapid growth in manufacturing and construction industries is driving the demand for automatic environmental control products.
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At the same time, there is mounting pressure on environmental control manufacturing to reduce costs, enhance product features and offer automatic controls integrated with IoT technologies. The market for automatic environmental control manufacturing reached a value of nearly $81.6 billion in 2017 and is expected to grow at a compound annual growth rate (CAGR) of 8.6% to nearly $123.4 billion by 2022.
The market for automatic environmental control is somewhat concentrated with a few large players dominating the market. Major players in the market are Johnson Controls, Schneider Electric, United Technologies Corporation, Honeywell International Inc., Ingersoll-Rand plc and others. Automatic environmental control for air-conditioning equipment accounted for the largest share of the market for automatic environment control in 2017 at REDACTED%. The highest growth is projected to come from automaticenvironmental control for refrigeration equipment which is forecasted to grow at a CAGR of REDACTED%. Majorfactors included economic growth, rapid growth in construction and manufacturing industries.
Asia Pacific is the largest market for automatic environment control manufacturing, accounting for REDACTED% of the global market. It was followed by Western Europe, and North America. Going forward,North America is expected to witness the fastest growth in the automatic environment control market,estimated to grow at a CAGR of REDACTED%, followed by Africa, which is expected to grow at a CAGR of REDACTED%.
The USA is the largest market in terms of value in the automatic environment control market. Germany and the USA are forecasted to have the fastest growth, growing at a CAGR of REDACTED% and REDACTED%,respectively.
The market is challenged by restraints such as decline in stringent regulations, interest rate increases and rising trade protectionism.
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Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Automatic Environmental Control Manufacturing Market Characteristics
Chapter 4 Automatic Environmental Control Manufacturing Market Size and Growth
Historic Market Growth
Drivers of the Market
Restraints on the Market
Forecast Market Growth
Drivers of the Market
Restraints on the Market
Chapter 5 Automatic Environmental Control Manufacturing Market Trends and Strategies
IoT for Remote Monitoring and Control of Boilers
Smart Thermostats
Building Energy Management Systems
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Chapter 6 PESTLE Analysis
Political
Economic
Social
Technological
Environmental
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