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Booming Manufacturing Industries Fueling Growth In The Automatic Environmental Control Market: A Key Factor Shaping the Future of the Automatic Environmental Control Market in 2025
In recent years, the market size for automatic environmental controls has seen a robust increase. The projection suggests a growth from $18.03 billion in 2024 to $19.34 billion in 2025, implying a compound annual growth rate (CAGR) of 7.3%. Factors that contributed to the growth during the historical period include industrialisation and urbanisation, issues related to energy efficiency, regulatory norms, convenience and comfort, as well as advancements in sensor technology.
It's anticipated that the automatic environmental control market will witness robust expansion in the coming years. The market size is projected to rise to $24.77 billion in 2029, with a compound annual growth rate (CAGR) of 6.4%. The expected growth during the forecast period is due to factors such as mitigation of climate change, the surge in smart buildings and IoT, emphasis on health and wellness, energy management, along with building renovations and retrofits. Notable trends during the prediction period encompass building energy management, the rise of artificial intelligence and machine learning, sensing of occupancy and behavior, integration of energy storage, and a user-centric approach in design.
What Are the Main Catalysts for Growth in the Automatic Environmental Control Market?
The escalating expansion in manufacturing industries is a significant contributor to the surge in the automatic environmental control market. The manufacturing sector forms a large part of the growth within the Indian economy, with numerous varied companies involved in producing equipment and machinery, construction and building materials, rubber and plastic products, electrical and mechanical items, cement, and goods related to automation technology. The forthcoming five years will witness maximum growth in manufacturing outputs in China and Brazil. Both countries are set to expand at an annual growth rate of 7.1% and 5.0% respectively. Consequently, this surge in manufacturing industries is anticipated to boost the advancement of the automatic environmental control market.
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Which Businesses Are at the Forefront of Automatic Environmental Control Market Development?
Major companies operating in the automatic environmental control market include Johnson Controls Inc., Schneider Electric, United Technologies Corporation, Honeywell International Inc., Ingersoll Rand, Siemens AG, Emerson Electric Co., Agilent Technologies, Danaher, Thermo Fisher Scientific Inc, Shimadzu Corporation, PerkinElmer, 3M company, bioMérieux S.A., Merck KGaA, Forbes Marshall, Carrier Corporation, Daikin Industries Ltd., LG Electronics Inc., Mitsubishi Electric Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd., Sharp Corporation, Toshiba Corporation, Trane Inc., York International Corporation, ABB Ltd., Eaton Corporation, General Electric Company, Rockwell Automation Inc.
What Are the Latest Innovations in the Automatic Environmental Control Market?
The trend of smart thermostats is pivotal in the evolution of the automatic environmental control market. These thermostats leverage smart technology which could be managed via smartphones, laptops, smart speakers and other internet-enabled devices. They enable programming preferred temperature settings and have the potential to be incorporated into home automation systems. An example of this is Ecobee, the pioneer of the smart thermostat solution in the market. The firm has witnessed a yearly doubling of its revenues, with the figure hitting $550 million by 2022. Ecobee dominates 30% of the smart thermostat market across North America.
How Is the Automatic Environmental Control Market Segmented?
The automatic environmental control market covered in this report is segmented -
1) By Type: Heating Equipment, Refrigeration Equipment, Air Conditioning Equipment
2) By Product Type: Environmental Monitors, Environmental Monitoring Sensors, Wearable Environmental Monitors
3) By Application: Residential, Commercial, Industrial
Subsegments:
1) By Heating Equipment: Boilers, Heat Pumps, Furnaces, Radiators, Underfloor Heating Systems
2) By Refrigeration Equipment: Commercial Refrigerators, Industrial Refrigerators, Refrigerated Display Cases, Cold Storage Units, Ice Makers
3) By Air Conditioning Equipment: Split Air Conditioners, Central Air Conditioning Systems, Ductless Air Conditioners, Portable Air Conditioners, Window Air Conditioners
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Where Is the Automatic Environmental Control Market Growth Most Prominent?
Asia-Pacific was the largest region in the automatic environmental control market in 2023. North America is the second-largest region in the automatic environmental control market. The regions covered in the automatic environmental control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Automatic Environmental Control Global Market Report?
- Market Size Analysis: Analyze the Automatic Environmental Control Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automatic Environmental Control Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automatic Environmental Control Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automatic Environmental Control Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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