HVAC Controls Market Key Manufacturers Development Trends and Competitive Analysis 2030

The "HVAC Controls Market" size is expected to reach US$ 41.32 billion by 2030 from 9.73 billion in 2022, with an estimated CAGR of 19.8% from 2022 to 2030.

The North American HVAC controls Market is segmented into the US, Canada, and Mexico. The US is estimated to hold the largest HVAC controls market share during the forecast period. HVAC control systems are widely used across the region owing to several benefits, such as power-saving measures. The market is primarily driven by increasing housing projects, high construction spending, fast urbanization, and rising disposable income. Canada and the US are two of the top ten energy-consuming nations in the world, with the US registering the second position after China. The majority of people in the US have air conditioners.

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Companies Profiled in this report includes:

• Acuity brands inc.
• Lennox international Inc.
• Johnson Controls
• Honeywell
• Siemens
• Schneider Electric
• Emerson
• Carrier
• Daikin
• Delta Controls

Moreover, Daikin is anticipated to increase the adoption of lower global warming potential (GWP) refrigerant R32 by creating ducted and ductless homes and light commercial and air conditioning solutions for North America. Daikin claims that the selection of R32 is consistent with its widespread popularity. Similarly, in January 2022, Daikin Applied introduced SiteLine Building Controls, a portfolio of cloud-based, scalable technologies to effortlessly monitor, connect, and manage individual HVAC equipment and integrated building systems. With SiteLine, building owners and operators will be able to access tools and insights to optimize performance, improve indoor air quality, and trim energy use and carbon emissions.

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HVAC Controls Market Segmentation:

By Component:
• Hardware
o Sensor
o Controllers
o Smart Vents
• Software & Services

Installation Type:
• Retrofit
• New Installation

By System:
• Temperature Control System
• Integrated Control System
• Ventilation Control System
• Humidity Control System

End User:
• Commercial
• Industrial
• Residential

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Based on installation type, the HVAC controls market is segmented into retrofit and new installation. The retrofit segment held the largest share in the HVAC controls market. The majority of retrofit projects are the consequence of nagging comfort, operational, and efficiency issues that can't be resolved by changing the air distribution system or calibrating the equipment. The type of heating and cooling system that is currently installed in the building will have a significant impact on the HVAC commercial retrofit possibilities. The best retrofit candidates are often package rooftop units, boilers, and chillers. Poor air flow, varying temperatures in different zones, and high humidity are issues that can be resolved with a commercial HVAC retrofit. Performance can be significantly improved with even minor adjustments like adding economizers and sealing the ducting. The comfort, health, and safety of the building can be increased relatively cheaply by retrofitting commercial HVAC systems. It leads to the growth of HVAC controls market

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