Press release
HVAC Control Market Trends, Technology and Demand 2030 | Future Outlook and Business Analysis
HVAC control Market
The global HVAC control market size was valued at $14,252.4 million in 2020, and is projected to reach $24,575.3 million by 2030, registering a CAGR of 5.5% from 2021 to 2030.
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Covid-19 scenario:
• The Covid-19 outbreak negatively affected the HVAC control industry due to lockdown measures and delay in production and shut down of manufacturing facilities.
• As the Covid-19 infection cases begin to decline, equipment & machinery producers need to focus on protecting their staff and establishing new methods of working.
The report segments the global HVAC control market on the basis of system, implementation type, end user, and region.
Key Market Segments
BY SYSTEM:
Temperature Control Systems
Ventilation Control Systems
Humidity Control Systems
Integrated Control Systems
BY IMPLEMENTATION TYPE:
New Construction
Retrofit
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Moreover, favorable government policies to promote industries such as automotive and food & beverages across the globe drives demand for the HVAC control market. In addition, increase in infrastructure spending and growth in demand for cooling and heating in the residential and commercial sector propels demand for painting tools such as HVAC controls.
Leading Players:
The global HVAC control market report includes an in-depth analysis of the prime market players such as Carrier Global Corporation, Daikin Industries, Danfoss, Delta Controls, Emerson Electric, Honeywell International Inc., Johnson Controls, LG Electronics, Schneider Electric, and Siemens.
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