HVAC Controls Market with COVID-19 Impact by System: Temperature, Integrated Controls | Application, and Geography - Global Forecast to 2025

The global HVAC controls market size is expected to grow at a CAGR of 10.5% from 2020 to 2025, reaching USD 24.4 billion by 2025 from USD 14.8 billion in 2020. 

ReportsnReports added HVAC Controls Market Research Report created by Report Consultant, which offers detailed insights, revenue details, and other information regarding the global market, and the various trends, drivers, restraints, opportunities, and market till 2028. HVAC Controls Market Report offers detailed information regarding the leading key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions and mergers, and market footprint. HVAC Controls Market also provides a comparative analysis of the market dynamics pre and post Covid19 outbreak.

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Top Company Profile Analysis in this Report-
Honeywell International Inc (US), Johnson Controls (US), Schneider Electric (France), Siemens (Germany), Carrier Global Corporation (US), Emerson Electric (US), Trane Technologies Plc (Ireland), Lennox (US), Delta Controls (Canada), Distech Controls (Canada), KMC Controls (US), Daikin Industries (Japan), LG Electronics (South Korea), Jackson Systems (US), and OJ Electronics (Denmark).

The HVAC controls market has been segmented into implementation type, system, component, application, and region. Based on implementation type, the market has been segmented into new construction and retrofit. Based on system, the market has been segmented into temperature control system, integrated control system, ventilation control system, and humidity control system. Based on component, the HVAC controls market has been segmented into sensors, and controllers & controlled devices.  Applications studied in the report include residential, commercial, and industrial. The HVAC controls market has been studied for North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).

The demand for HVAC equipment is increasing owing to the boom in the construction sector on a global scale. Rapid urbanization in developing countries, especially in APAC, has created a huge demand for HVAC equipment. New constructions are proactively incorporating smart systems and automation systems in their architecture. For instance, upcoming projects in India related to smart cities, bullet trains, and infrastructural development are fueling the demand for HVAC equipment, and, in turn, the demand for HVAC controls..

The controllers and controlled equipment segment is expected to hold a significant share of the HVAC control indsutry during the forecast period. Controllers and controlled equipment are responsible for the execution of HVAC controls in the area. They enable the proper flow of air inside the building to maintain indoor humidity and ventilation levels. Their application in residential and commercial sectors drive the market for controllers and controlled equipment. The use of innovative smart vents in controllers and controlled equipment is also fueling the growth of the HVAC controls market.

An integrated control system is a combination of temperature, ventilation, light, and other control systems. This combination provides users with the benefit of different features of different controls. Integrated control systems are also expected to integrate communication modes, such as Wi-Fi, cloud computing, and the Internet of Things (IoT), which would help in controlling, monitoring, and maintaining HVAC systems from virtually anywhere. The surge in the use of IoT in building infrastructures and the demand for smart homes are driving the growth of this market. Increasing demand for energy efficiency in buildings is also a major factor contributing to the growth of the market for integrated control systems. COVID-19 has impacted almost all the industries worldwide by disrupting the supply chain and hindering various industrial operations. Most companies have halted their manufacturing activities or have reduced it to the bare minimum. COVID-19-responsive measures undertaken by governments, such as lockdown and social distancing, have led to the closure of commercial complexes. With no or very few commercial operations allowed, power demand from the commercial sector is very low. All these factors would affect the market for HVAC systems, as new systems would not be deployed in commercial and industrial applications during the ongoing crisis. However, residential applications of HVAC systems are supporting market growth.

China held the largest size of the HVAC controls market in APAC in 2019. Rising industrialization and urbanization have created the need for energy saving. The government is promoting efficient energy consumption practices in the country, which is expected to drive the demand for energy-efficient HVAC systems. India is also among the largest emitters of greenhouse gases in the world because of rapid industrialization. Growing concerns about the effect of environmental pollution have increased the adoption of HVAC systems in the country.

The rising construction of new residential and commercial buildings has propelled the demand for HVAC controls for residential and commercial applications. Moreover, increasing smart city projects and government subsidiaries for HVAC manufacturers on energy-efficient devices are key factors propelling the market growth in the region.

Break-up of the profiles of primary participants:
By Company Type: Tier 1 = 36 %, Tier 2 = 29%, and Tier 3 = 35%
By Designation: C-Level Executives = 45%, Directors = 35%, and Others = 25%
By Region: North America = 45%, Europe = 20%, APAC = 30%, and RoW = 5%

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Reasons to buy the report:
Illustrative segmentation, analysis, and forecast of the market based on implementation type, system, component, application, and region have been conducted to give an overall view of the HVAC controls market.
A value chain analysis has been performed to provide in-depth insights into the HVAC controls market.
The key drivers, restraints, opportunities, and challenges pertaining to the HVAC controls market have been detailed in this report.
The report comprises porter’s five forces analysis, pricing analysis, trade analysis, HVAC ecosystem analysis, technology analysis, case study analysis, patent analysis, standards & codes for HVAC systems, and regulatory landscape.
Detailed information regarding the COVID-19 impact on the HVAC controls market has been provided in the report.
Detailed impact of COVID-19 on the HVAC controls market.
The report includes a detailed competitive landscape of the market, along with key players, as well as in-depth analysis of their revenues

Table Of Contents in this Report-
1 Introduction
1.1 Study Objectives
1.2 Definition
1.2.1 Inclusions And Exclusions
1.3 Study Scope
1.3.1 Market Covered
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Research Design
2.1.1 Secondary And Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.1.3.2 Key Industry Insights
2.1.3.3 Breakdown Of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
Figure 2 Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 3 Top-Down Approach
Figure 4 Market Size Estimation Methodology For Hvac Controls Market Through Supply-Side Analysis
2.3 Data Triangulation
Figure 5 Data Triangulation
2.4 Research Assumptions

3 Executive Summary
Figure 6 Covid-19 Impact On Hvac Controls Market
3.1 Pre-Covid-19 Scenario
Table 1 Pre-Covid-19 Scenario: Hvac Controls Market
3.2 Post-Covid-19 Scenario
Table 2 Post-Covid-19 Scenario: Hvac Controls Market
3.3 Optimistic Scenario (Post-Covid-19)
Table 3 Optimistic Scenario (Post-Covid-19): Hvac Controls Market
3.4 Pessimistic Scenario (Post-Covid-19)
Table 4 Pessimistic Scenario (Post-Covid-19): Hvac Controls Market
Figure 7 Integrated Control System Segment To Register Highest Cagr During Forecast Period In Hvac Controls Market, By System
Figure 8 Hvac Controls Market For Commercial Application To Exhibit Highest Cagr During Forecast Period
Figure 9 Apac To Hold Largest Share Of Hvac Controls Market In 2020

4 Premium Insights
4.1 Attractive Growth Opportunities In Hvac Controls Market
Figure 10 Booming Construction Sector And Rising Usage Of Iot-Enabled Hvac Systems To Drive Hvac Controls Market
4.2 Hvac Controls Market, By System
Figure 11 Market For Integrated Control Systems To Register Highest Cagr From 2020 To 2025
4.3 Hvac Controls Market, By Component
Figure 12 Controllers And Controlled Equipment To Garner High Demand In Coming Years
4.4 Hvac Controls Market, By Implementation Type
Figure 13 New Construction Segment To Hold Larger Size Of Hvac Controls Market From 2020 To 2025
4.5 Hvac Controls Market, By Application
Figure 14 Commercial Segment Is Expected To Continue To Account For Largest Share Of Hvac Controls Market During Forecast Period
4.6 Hvac Controls Market In Apac, By Country And Application
Figure 15 China And Commercial Segments Likely To Hold Largest Share Of Hvac Controls Market In Apac By 2025

5 Market Overview

and more...

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