HVAC Controls Market - By System, By Component, By Implementation Type, By Application, Forecast 2024

Description

List of Tables

The global HVAC controls market is projected to expand at a CAGR of 10% between 2024-2032, primarily due to the increasing emphasis on energy efficiency and sustainability across various industries. For instance, as per a UN report, EU has seen a remarkable 31% drop in emissions since 1990, thanks to greater use of renewables and reduced reliance on fossil fuels. Now, with targets set for a 55% reduction by 2030 and climate neutrality by 2050, the commitment to combatting climate change remains steadfast. Governments worldwide are implementing stringent regulations to curb carbon emissions, which has led to a surge in demand for energy-efficient HVAC systems and controls.

Additionally, the growing awareness among consumers regarding the importance of indoor air quality and comfort is driving the adoption of advanced HVAC control systems. Technological advancements such as the integration of IoT (Internet of Things) and smart sensors are further augmenting market growth by enabling remote monitoring and control of HVAC systems, thereby enhancing energy efficiency and reducing operational costs.

The overall HVAC controls industry is classified based on system, component, implementation, application, and region.

The humidity control system segment is anticipated to grow at fast pace till 2032, driven by its vital role in maintaining optimal indoor air quality and comfort levels, particularly in commercial and residential buildings, healthcare facilities, and manufacturing plants. Manufacturers are developing innovative humidity control solutions that offer precise monitoring and adjustment of humidity levels, thereby enhancing comfort and reducing the risk of mold growth and moisture-related issues.

The industrial application segment is poised to generate substantial revenues for the market by 2032, as several industries including manufacturing, pharmaceuticals and food processing, require precise temperature and humidity control to ensure product quality, and worker safety. HVAC controls maintains optimal environmental conditions within industrial facilities, thereby safeguarding sensitive equipment and processes.

Europe HVAC controls market is anticipated to generate decent revenues during the study period, driven by stringent energy efficiency regulations, growing awareness regarding indoor air quality, and increasing investments in building automation systems. The implementation of initiatives such as the European Green Deal and the Energy Performance of Buildings Directive (EPBD) is further propelling market growth by encouraging the adoption of sustainable building technologies.

Product Code: 7914

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 HVAC controls market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2024-2032
2.3 Regional trends
2.4 System trends
2.5 Component trends
2.6 Implementation type trends
2.7 Application trends

Chapter 3 HVAC Controls Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Government incentives and rebates
  - 3.8.1.2 Integration with building management systems (BMS)
  - 3.8.1.3 Demand for comfort and personalization
  - 3.8.1.4 Focus on indoor air quality (IAQ)
  - 3.8.1.5 Rapid urbanization and ongoing construction activities
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Inadequate system design
  - 3.8.2.2 Lack of remote monitoring
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share, 2023
4.3 Competitive analysis of major market players, 2023
- 4.3.1 Carrier Global Corporation
- 4.3.2 Daikin Industries
- 4.3.3 Honeywell International Inc.
- 4.3.4 Johnson Controls
- 4.3.5 Schneider Electric
- 4.3.6 Siemens
- 4.3.7 Trane Technologies
4.4 Competitive positioning matrix, 2023
4.5 Strategic outlook matrix, 2023

Chapter 5 HVAC Controls Market Estimates and Forecast, By System, 2018-2032 (USD Million)

5.1 Key trends, by system
5.2 Temperature control system
5.3 Ventilation control system
5.4 Humidity control system
5.5 Integrated control system

Chapter 6 HVAC Controls Market Estimates and Forecast, By Component, 2018-2032 (USD Million)

6.1 Key trends, by component
6.2 Sensors
6.3 Controllers and controlled equipment

Chapter 7 HVAC Controls Market Estimates and Forecast, By Implementation Type, 2018-2032 (USD Million)

7.1 Key trends, by implementation type
7.2 New construction
7.3 Retrofit

Chapter 8 HVAC Controls Market Estimates and Forecast, By Application, 2018-2032 (USD Million)

8.1 Key trends, by application
8.2 Residential
8.3 Commercial
8.4 Industrial

Chapter 9 HVAC Controls Market Estimates and Forecast, By Region, 2018-2032 (USD Million)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Rest of Europe
9.4 Asia-Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia-Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles (Business Overview, Financial Overview, Product Landscape, Strategic Outlook, SWOT Analysis)

10.1 Carrier Global Corporation
10.2 Daikin Industries
10.3 Danfoss
10.4 Delta Controls
10.5 Distech Controls
10.6 Emerson Electric Co.
10.7 Honeywell International Inc.
10.8 Johnson Controls
10.9 Lennox International
10.10 LG Electronics
10.11 Sauter
10.12 Schneider Electric
10.13 Siemens
10.14 Trane Technologies