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PUBLISHER: KBV Research | PRODUCT CODE: 1462222
PUBLISHER: KBV Research | PRODUCT CODE: 1462222
North America Temperature Controlled System Market Size, Share & Trends Analysis Report By Type, By End User, By Application By Country and Growth Forecast, 2024 - 2031
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The North America Temperature Controlled System Market would witness market growth of 3.1% CAGR during the forecast period (2023-2030).
The US market dominated the North America Temperature Controlled System Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $471 Million by 2031. The Canada market is experiencing a CAGR of 5.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 4.5% during (2024 - 2031).
A temperature-controlled system (TCS) is an integrated collection of technologies and equipment that monitor, manage, and maintain precise temperature conditions in a controlled environment. The food industry extensively uses temperature-controlled systems to preserve perishable commodities like fruits, vegetables, dairy products, meats, and seafood. Food products are kept fresh and safe for consumption along the supply chain by cold storage facilities, refrigerated trucks, and temperature-controlled warehouses.
Programmable thermostats, smart HVAC systems, and building automation technologies allow precise control over temperature settings in residential, commercial, and industrial buildings. For example, according to Statistics Canada, the 11-census metropolitan area (CMA) composite for residential building construction prices increased 7.6% year on average in 2023. There was considerable variation in cost increases among CMAs in 2023, with the largest increases occurring in Toronto (+12.7%), Halifax (+8.2%), and Vancouver (+7.8%).
According to data from the International Trade Administration (ITA), the installed capacity of Mexico's clean energy plants (renewable and non-renewable) was 31,369 MW in 2022, representing a 1.81 percent increase over the previous year, when the installed capacity of clean energy was 30,812MW. Hydro, wind, and photovoltaic solar PV plants accounted for most of the installed renewable energy capacity. Hence, the factors mentioned above will drive the regional market growth.
Based on Type, the market is segmented into Closed Loop Control, and Open Loop. Based on End User, the market is segmented into Industrial Temperature Controlled System, Home Temperature Controlled System, and Others. Based on Application, the market is segmented into Refrigerators, Air Conditioning, Water Heater, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Carrier Global Corporation
- Daikin Industries Ltd.
- Johnson Controls International PLC
- Siemens AG
- Emerson Electric Co.
- Honeywell International, Inc.
- Mitsubishi Electric Corporation
- Schneider Electric SE
- LG Electronics, Inc. (LG Corporation)
- Delta Electronics, Inc.
North America Temperature Controlled System Market Report Segmentation
By Type
- Closed Loop Control
- Open Loop
By End User
- Industrial Temperature Controlled System
- Home Temperature Controlled System
- Others
By Application
- Refrigerators
- Air Conditioning
- Water Heater
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1North America Temperature Controlled System Market, by Type
- 1.4.2North America Temperature Controlled System Market, by End User
- 1.4.3North America Temperature Controlled System Market, by Application
- 1.4.4North America Temperature Controlled System Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
Chapter 4.Competition Analysis - Global
- 4.1KBV Cardinal Matrix
- 4.2Recent Industry Wide Strategic Developments
- 4.2.1Partnerships, Collaborations and Agreements
- 4.2.2Product Launches and Product Expansions
- 4.2.3Acquisition and Mergers
- 4.3Top Winning Strategies
- 4.3.1Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.3.2Key Strategic Move: (Mergers & Acquisition: 2020, Apr - 2024, Jan) Leading Players
- 4.4Porter's Five Forces Analysis
Chapter 5.North America Temperature Controlled System Market by Type
- 5.1North America Closed Loop Control Market by Region
- 5.2North America Open Loop Market by Region
Chapter 6.North America Temperature Controlled System Market by End User
- 6.1North America Industrial Temperature Controlled System Market by Country
- 6.2North America Home Temperature Controlled System Market by Country
- 6.3North America Others Market by Country
Chapter 7.North America Temperature Controlled System Market by Application
- 7.1North America Refrigerators Market by Country
- 7.2North America Air Conditioning Market by Country
- 7.3North America Water Heater Market by Country
- 7.4North America Others Market by Country
Chapter 8.North America Temperature Controlled System Market by Country
- 8.1US Temperature Controlled System Market
- 8.1.1US Temperature Controlled System Market by Type
- 8.1.2US Temperature Controlled System Market by End User
- 8.1.3US Temperature Controlled System Market by Application
- 8.2Canada Temperature Controlled System Market
- 8.2.1Canada Temperature Controlled System Market by Type
- 8.2.2Canada Temperature Controlled System Market by End User
- 8.2.3Canada Temperature Controlled System Market by Application
- 8.3Mexico Temperature Controlled System Market
- 8.3.1Mexico Temperature Controlled System Market by Type
- 8.3.2Mexico Temperature Controlled System Market by End User
- 8.3.3Mexico Temperature Controlled System Market by Application
- 8.4Rest of North America Temperature Controlled System Market
- 8.4.1Rest of North America Temperature Controlled System Market by Type
- 8.4.2Rest of North America Temperature Controlled System Market by End User
- 8.4.3Rest of North America Temperature Controlled System Market by Application
Chapter 9.Company Profiles
- 9.1Carrier Global Corporation
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Research & Development Expenses
- 9.1.5Recent strategies and developments:
- 9.1.5.1Partnerships, Collaborations, and Agreements:
- 9.1.5.2Product Launches and Product Expansions:
- 9.1.5.3Acquisition and Mergers:
- 9.1.6SWOT Analysis
- 9.2Daikin Industries Ltd.
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Segmental and Regional Analysis
- 9.2.4Research & Development Expenses
- 9.2.5Recent strategies and developments:
- 9.2.5.1Product Launches and Product Expansions:
- 9.2.5.2Acquisition and Mergers:
- 9.2.6SWOT Analysis
- 9.3Johnson Controls International PLC
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental & Regional Analysis
- 9.3.4Research & Development Expenses
- 9.3.5Recent strategies and developments:
- 9.3.5.1Acquisition and Mergers:
- 9.3.6SWOT Analysis
- 9.4Siemens AG
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Segmental and Regional Analysis
- 9.4.4Research & Development Expense
- 9.4.5Recent strategies and developments:
- 9.4.5.1Partnerships, Collaborations, and Agreements:
- 9.4.5.2Product Launches and Product Expansions:
- 9.4.5.3Acquisition and Mergers:
- 9.4.6SWOT Analysis
- 9.5Emerson Electric Co.
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Segmental and Regional Analysis
- 9.5.4Research & Development Expense
- 9.5.5Recent strategies and developments:
- 9.5.5.1Product Launches and Product Expansions:
- 9.5.5.2Acquisition and Mergers:
- 9.5.6SWOT Analysis
- 9.6Honeywell International, Inc.
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expenses
- 9.6.5Recent strategies and developments:
- 9.6.5.1Partnerships, Collaborations, and Agreements:
- 9.6.5.2Product Launches and Product Expansions:
- 9.6.6SWOT Analysis
- 9.7Mitsubishi Electric Corporation
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental and Regional Analysis
- 9.7.4Research & Development Expense
- 9.7.5Recent strategies and developments:
- 9.7.5.1Partnerships, Collaborations, and Agreements:
- 9.7.5.2Acquisition and Mergers:
- 9.7.6SWOT Analysis
- 9.8Schneider Electric SE
- 9.8.1Company Overview
- 9.8.2Financial Analysis
- 9.8.3Segmental and Regional Analysis
- 9.8.4Research & Development Expense
- 9.8.5SWOT Analysis
- 9.9LG Electronics, Inc. (LG Corporation)
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3Regional & Segmental Analysis
- 9.9.4Research & Development Expenses
- 9.9.5Recent strategies and developments:
- 9.9.5.1Product Launches and Product Expansions:
- 9.9.6SWOT Analysis
- 9.10.Delta Electronics, Inc.
- 9.10.1Company Overview
- 9.10.2Financial Analysis
- 9.10.3Research & Development Expense
- 9.10.4Recent strategies and developments:
- 9.10.4.1Partnerships, Collaborations, and Agreements:
- 9.10.4.2Acquisition and Mergers:
- 9.10.5SWOT Analysis
LIST OF TABLES
- TABLE 1North America Temperature Controlled System Market, 2020 - 2023, USD Million
- TABLE 2North America Temperature Controlled System Market, 2024 - 2031, USD Million
- TABLE 3Partnerships, Collaborations and Agreements- Temperature Controlled System Market
- TABLE 4Product Launches And Product Expansions- Temperature Controlled System Market
- TABLE 5Acquisition and Mergers- Temperature Controlled System Market
- TABLE 6North America Temperature Controlled System Market by Type, 2020 - 2023, USD Million
- TABLE 7North America Temperature Controlled System Market by Type, 2024 - 2031, USD Million
- TABLE 8North America Closed Loop Control Market by Region, 2020 - 2023, USD Million
- TABLE 9North America Closed Loop Control Market by Region, 2024 - 2031, USD Million
- TABLE 10North America Open Loop Market by Region, 2020 - 2023, USD Million
- TABLE 11North America Open Loop Market by Region, 2024 - 2031, USD Million
- TABLE 12North America Temperature Controlled System Market by End User, 2020 - 2023, USD Million
- TABLE 13North America Temperature Controlled System Market by End User, 2024 - 2031, USD Million
- TABLE 14North America Industrial Temperature Controlled System Market by Country, 2020 - 2023, USD Million
- TABLE 15North America Industrial Temperature Controlled System Market by Country, 2024 - 2031, USD Million
- TABLE 16North America Home Temperature Controlled System Market by Country, 2020 - 2023, USD Million
- TABLE 17North America Home Temperature Controlled System Market by Country, 2024 - 2031, USD Million
- TABLE 18North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 19North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 20North America Temperature Controlled System Market by Application, 2020 - 2023, USD Million
- TABLE 21North America Temperature Controlled System Market by Application, 2024 - 2031, USD Million
- TABLE 22North America Refrigerators Market by Country, 2020 - 2023, USD Million
- TABLE 23North America Refrigerators Market by Country, 2024 - 2031, USD Million
- TABLE 24North America Air Conditioning Market by Country, 2020 - 2023, USD Million
- TABLE 25North America Air Conditioning Market by Country, 2024 - 2031, USD Million
- TABLE 26North America Water Heater Market by Country, 2020 - 2023, USD Million
- TABLE 27North America Water Heater Market by Country, 2024 - 2031, USD Million
- TABLE 28North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 29North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 30North America Temperature Controlled System Market by Country, 2020 - 2023, USD Million
- TABLE 31North America Temperature Controlled System Market by Country, 2024 - 2031, USD Million
- TABLE 32US Temperature Controlled System Market, 2020 - 2023, USD Million
- TABLE 33US Temperature Controlled System Market, 2024 - 2031, USD Million
- TABLE 34US Temperature Controlled System Market by Type, 2020 - 2023, USD Million
- TABLE 35US Temperature Controlled System Market by Type, 2024 - 2031, USD Million
- TABLE 36US Temperature Controlled System Market by End User, 2020 - 2023, USD Million
- TABLE 37US Temperature Controlled System Market by End User, 2024 - 2031, USD Million
- TABLE 38US Temperature Controlled System Market by Application, 2020 - 2023, USD Million
- TABLE 39US Temperature Controlled System Market by Application, 2024 - 2031, USD Million
- TABLE 40Canada Temperature Controlled System Market, 2020 - 2023, USD Million
- TABLE 41Canada Temperature Controlled System Market, 2024 - 2031, USD Million
- TABLE 42Canada Temperature Controlled System Market by Type, 2020 - 2023, USD Million
- TABLE 43Canada Temperature Controlled System Market by Type, 2024 - 2031, USD Million
- TABLE 44Canada Temperature Controlled System Market by End User, 2020 - 2023, USD Million
- TABLE 45Canada Temperature Controlled System Market by End User, 2024 - 2031, USD Million
- TABLE 46Canada Temperature Controlled System Market by Application, 2020 - 2023, USD Million
- TABLE 47Canada Temperature Controlled System Market by Application, 2024 - 2031, USD Million
- TABLE 48Mexico Temperature Controlled System Market, 2020 - 2023, USD Million
- TABLE 49Mexico Temperature Controlled System Market, 2024 - 2031, USD Million
- TABLE 50Mexico Temperature Controlled System Market by Type, 2020 - 2023, USD Million
- TABLE 51Mexico Temperature Controlled System Market by Type, 2024 - 2031, USD Million
- TABLE 52Mexico Temperature Controlled System Market by End User, 2020 - 2023, USD Million
- TABLE 53Mexico Temperature Controlled System Market by End User, 2024 - 2031, USD Million
- TABLE 54Mexico Temperature Controlled System Market by Application, 2020 - 2023, USD Million
- TABLE 55Mexico Temperature Controlled System Market by Application, 2024 - 2031, USD Million
- TABLE 56Rest of North America Temperature Controlled System Market, 2020 - 2023, USD Million
- TABLE 57Rest of North America Temperature Controlled System Market, 2024 - 2031, USD Million
- TABLE 58Rest of North America Temperature Controlled System Market by Type, 2020 - 2023, USD Million
- TABLE 59Rest of North America Temperature Controlled System Market by Type, 2024 - 2031, USD Million
- TABLE 60Rest of North America Temperature Controlled System Market by End User, 2020 - 2023, USD Million
- TABLE 61Rest of North America Temperature Controlled System Market by End User, 2024 - 2031, USD Million
- TABLE 62Rest of North America Temperature Controlled System Market by Application, 2020 - 2023, USD Million
- TABLE 63Rest of North America Temperature Controlled System Market by Application, 2024 - 2031, USD Million
- TABLE 64Key Information - Carrier Global Corporation
- TABLE 65Key Information - daikin industries ltd.
- TABLE 66Key Information - Johnson Controls International PLC
- TABLE 67Key Information - Siemens AG
- TABLE 68Key Information - Emerson Electric Co.
- TABLE 69Key Information - Honeywell International, Inc.
- TABLE 70Key Information - Mitsubishi Electric Corporation
- TABLE 71Key Information - Schneider Electric SE
- TABLE 72Key Information - LG Electronics, Inc.
- TABLE 73Key Information - Delta Electronics, Inc.
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