PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1686697
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1686697
The HVAC controls market is projected to grow from USD 25.81 billion in 2025 and is expected to reach USD 39.07 billion by 2030, growing at a CAGR of 8.6% from 2025 to 2030. The Internet of Things (IoT) is a network of interconnected devices that collect, share, and process data. Lot, when integrated with HVAC systems, enables remote management, data collection, and cloud-based processing. For example, smart devices equipped with motion sensors can monitor room occupancy and adjust HVAC operations accordingly. If no one is detected, the system could alert users on an app that they should stop heating or cooling systems, resulting in energy-saving. Advanced controls that are enabled by IoT technologies use networking and AI technologies for learning occupant preferences and adaptively adjusting their settings to better comfort over time.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Billion) |
Segments | By Component, Control Type, System and Region. |
Regions covered | North America, Europe, APAC, RoW |
HVAC manufacturers are increasingly coming up with loT-based smart systems to gain market share and meet the ever-growing demand from consumers. In January 2022, Delta, a global leader in power and thermal management solutions, introduced an online platform that features loT-based energy-efficient solutions for smart cities, including the loT-based 03 Edge system, which comprises a patented multi-sensor and room controller to ensure seamless control of HVAC, lighting, and access systems for enhanced building efficiency and safety.
"The integrated control system segment in the HVAC controls market is to witness the highest growth rate during the forecast period."
The integrated control system segment is witnessing the highest growth rate due to the increasing demand for centralized, seamless management of building systems, including HVAC, lighting, and security, to enhance energy efficiency and operational performance. The adoption of IoT, cloud computing, and AI technologies enables real-time monitoring, data analytics, and automated decision-making, driving the shift toward integrated solutions. Additionally, the rise of smart buildings and the need for compliance with energy efficiency regulations are further accelerating this growth.
"Market for new construction in the HVAC controls market to hold the largest market share during the forecast period."
New construction in the HVAC controls market to hold the largest market share during the forecast period. The HVAC control systems for new apartments, buildings, commercial complexes, and industries are put in with new construction. One of the main things which will drive the growth of the HVAC control market is the rise in new building projects. All the changes in the commercial and industrial construction industry are expected to make HVAC control systems more popular and take the market inclined on the growth chart.
"China is expected to hold the largest market size in the Asia Pacific region during the forecast period."
China is poised to hold the largest market share in the Asia-Pacific region for HVAC controls, driven by rapid urbanization, increasing construction activities, and the growing demand for energy-efficient building solutions. The country's focus on smart city initiatives, stringent energy regulations, and the adoption of advanced technologies like IoT and AI in HVAC systems are key factors contributing to its dominance. Additionally, rising disposable incomes and the need for improved indoor air quality further bolster the market growth in China.
Prominent players profiled in this report include Honeywell International Inc. (US), Johnson Controls (Ireland), Siemens (Germany), Carrier (US), Daikin Industries, Ltd. (Japan), Emerson Electric Co. (US), Schneider Electric (France), Trane Technologies (Ireland), Danfoss (Denmark), Lennox International Inc. (US), LG Electronics (South Korea), Mitsubishi Electric Corporation (Japan), Fr. Sauter AG (Switzerland), Bosch GmbH (Germany), Eaton (Ireland), BELIMO AIRCONTROLS (USA), Inc. (Switzerland) among a few other key companies in the HVAC controls market.
Report Coverage
The report defines, describes, and forecasts the HVAC controls market based on Type, Mode, Solutions, Component, Control Type, System, Implementation Type, End-use Industry, and Region. It provides detailed information regarding drivers, restraints, opportunities, and challenges influencing the market's growth. It also analyzes competitive developments such as acquisitions, product launches, expansions, and actions carried out by the key players to grow in the market.
Reasons to Buy This Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue for the overall HVAC controls market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insight to position their business better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key drivers, restraints, opportunities, and challenges.