North America HVAC Controls Market Forecast to 2030 - Regional Analysis - by Component, Installation Type, System, and End User

List of Tables

The North America HVAC controls market is expected to grow from US$ 2,171.44 million in 2022 to US$ 8,613.05 million by 2030. It is estimated to grow at a CAGR of 18.8% from 2022 to 2030.

Implementation of Smart, Connected, and Energy Efficient IOT-enabled HVAC Systems Drives North America HVAC Controls Market

Lighting and HVAC systems use the most energy in commercial or residential buildings. Air conditioners and electric fans contribute to ~20% of the total electricity consumption in a building. As per a report by International Energy Agency (IEA), the energy demand from air conditioners is expected to grow three times by 2050. According to the US Department of Energy (DOE), commercial buildings use energy worth US$ 190 billion annually. The growing energy consumption from HVAC systems raises electricity costs. Therefore, HVAC manufacturers are seeking ways to enhance the energy efficiency of their products and offer tools to customers that can help them monitor their devices/systems.

Implementation of IoT into HVAC systems enables remote appliance control and significantly better customer-centric services. Main advantage of integrating IoT in the energy sector is the operational insight into HVAC appliances and techniques to reduce energy usage significantly. HVAC contractors can get their devices to monitor occupancy inside the building by combining smart devices with motion sensors. The system might recommend that the customer dial down the heating (or cooling) to save energy through an app message when there is no movement for an extended time inside the building. Moreover, the controls use the most recent networking and AI technologies, enabling them to gradually learn the preferences of the tenants and adapt to their comfort requirements. HVAC manufacturers aim to grow their market share by offering consumers intelligent HVAC solutions. Implementation of machine-to-machine (M2M) connectivity with IoT in various applications supports cost savings, resource conservation, predictive maintenance, comfort control, and healthy building performance. As a result, there is a higher need for IoT-based HVAC control systems. Thus, implementation of smart, connected, and energy-efficient IoT-enabled HVAC systems bolsters the North America HVAC controls market growth.

North America HVAC Controls Market Overview

The North America HVAC controls market is segmented into the US, Canada, and Mexico. 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. 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. The key firms operating in the market are spending tremendously on R&D and mergers and acquisitions to strengthen their positions. In January 2019, Huron Capital stated that its HVAC installations division, Pueblo Mechanical & Controls, acquired Newgaard Mechanical Inc. and CFM Mechanical LLC to expand its specialized HVAC goods and services portfolio. Similarly, the California Strategic Growth Council awarded the Electric Power Research Institute (EPRI) a US$ 4.7 million grant to develop advanced residential HVAC systems with low GWP refrigerants and conduct community studies to make the technology available to low-income people living in California. Moreover, Green HVAC systems are being created to increase energy efficiency and save energy costs. For instance, Ice Energy, a California-based company in Glendale, unveiled the Ice Bear-an ice-powered air conditioner that can cool structures while lowering their net energy usage. In North America, constant innovations are taking place in HVAC controls. HVAC controls have come a long way from manual to automatic, from programmable to smart, and toward interconnected and AI-driven systems. Thus, the HVAC control market in North America is growing significantly.

North America HVAC Controls Market Revenue and Forecast to 2030 (US$ Million)

North America HVAC Controls Market Segmentation

The North America HVAC controls market is segmented into component, installation type, system, end user, and country.

Based on component, the North America HVAC controls market is bifurcated into hardware and software & services. In 2022, the hardware and software & services segment registered a larger share in the North America HVAC controls market. The hardware is further segmented sensor, controllers, smart vents, and others.

Based on installation type, the North America HVAC controls market is bifurcated into new installation and retrofit. In 2022, the retrofit segment registered a larger share in the North America HVAC controls market.

Based on system, the North America HVAC controls market is segmented into temperature control system, humidity control system, ventilation control system, and integrated control system. In 2022, the temperature control system segment registered the largest share in the North America HVAC controls market.

Based on end user industry, the North America HVAC controls market is segmented into residential, commercial, and industrial. In 2022, the commercial segment registered the largest share in the North America HVAC controls market.

Based on country, the North America HVAC controls market is segmented into the US, Canada, and Mexico. In 2022, the US registered the largest share in the North America HVAC controls market.

Carrier Global Corporation; DAIKIN INDUSTRIES, Ltd.; Delta Controls; Acuity Brands, Inc.; Emerson Electric Co.; Honeywell International Inc.; Johnson Controls, Inc.; Schneider Electric SE; Siemens AG; and Lennox International Inc. are some of the leading companies operating in the North America HVAC controls market.

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Scrutinize in-depth North America market trends and outlook coupled with the factors driving the HVAC controls market, as well as those hindering it
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Product Code: BMIRE00027163

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. North America HVAC Controls Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in The Value Chain

5. North America HVAC Controls Market - Key Industry Dynamics

5.1 HVAC Controls Market - Key Industry Dynamics
5.2 Market Drivers
- 5.2.1 Growth in Construction Sector
- 5.2.2 Implementation of Smart, Connected, and Energy Efficient IOT-enabled HVAC Systems
5.3 Market Restraints
- 5.3.1 High Cost and Technical complexities
5.4 Market Opportunities
- 5.4.1 Rising Adoption of Cloud Computing in HVAC
- 5.4.2 Development of Smart Cities
5.5 Future Trends
- 5.5.1 Advancement in Green Technology
5.6 Impact of Drivers and Restraints:

6. HVAC Controls Market - North America Market Analysis

6.1 North America HVAC Controls Market Revenue (US$ Million), 2022 - 2030
6.2 North America HVAC Controls Market Forecast and Analysis

7. North America HVAC Controls Market Analysis - Component

7.1 Hardware
- 7.1.1 Overview
- 7.1.2 Hardware Market, Revenue and Forecast to 2030 (US$ Million)
- 7.1.3 Sensor
  - 7.1.3.1 Overview
  - 7.1.3.2 Sensor Market, Revenue and Forecast to 2030 (US$ Million)
- 7.1.4 Controllers
  - 7.1.4.1 Overview
  - 7.1.4.2 Controllers Market, Revenue and Forecast to 2030 (US$ Million)
- 7.1.5 Smart Vents
  - 7.1.5.1 Overview
  - 7.1.5.2 Smart Vents Market, Revenue and Forecast to 2030 (US$ Million)
- 7.1.6 Others
  - 7.1.6.1 Overview
  - 7.1.6.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Software & Services
- 7.2.1 Overview
- 7.2.2 Software & Services Market, Revenue and Forecast to 2030 (US$ Million)

8. North America HVAC Controls Market Analysis - Installation Type

8.1 Retrofit
- 8.1.1 Overview
- 8.1.2 Retrofit Market Revenue, and Forecast to 2030 (US$ Million)
8.2 New Installation
- 8.2.1 Overview
- 8.2.2 New Installation Market Revenue, and Forecast to 2030 (US$ Million)

9. North America HVAC Controls Market Analysis - System

9.1 Temperature Control System
- 9.1.1 Overview
- 9.1.2 Temperature Control System Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Integrated Control System
- 9.2.1 Overview
- 9.2.2 Integrated Control System Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Ventilation Control System
- 9.3.1 Overview
- 9.3.2 Ventilation Control System Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Humidity Control System
- 9.4.1 Overview
- 9.4.2 Humidity Control System Market Revenue, and Forecast to 2030 (US$ Million)

10. North America HVAC Controls Market Analysis - End User

10.1 Commercial
- 10.1.1 Overview
- 10.1.2 Commercial Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Industrial
- 10.2.1 Overview
- 10.2.2 Industrial Market Revenue, and Forecast to 2030 (US$ Million)
10.3 Residential
- 10.3.1 Overview
- 10.3.2 Residential Market Revenue, and Forecast to 2030 (US$ Million)

11. North America HVAC Controls Market - Country Analysis

11.1 Overview
- 11.1.1 North America HVAC Controls Market Revenue and Forecasts and Analysis - By Country
  - 11.1.1.1 North America HVAC Controls Market Revenue and Forecasts and Analysis - By Country
  - 11.1.1.2 US HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.1.2.1 US HVAC Controls Market Breakdown by Component
    - 11.1.1.2.1.1 US HVAC Controls Market Breakdown by Hardware
    - 11.1.1.2.2 US HVAC Controls Market Breakdown by Installation Type
    - 11.1.1.2.3 US HVAC Controls Market Breakdown by System
    - 11.1.1.2.4 US HVAC Controls Market Breakdown by End User
  - 11.1.1.3 Canada HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.1.3.1 Canada HVAC Controls Market Breakdown by Component
    - 11.1.1.3.1.1 Canada HVAC Controls Market Breakdown by Hardware
    - 11.1.1.3.2 Canada HVAC Controls Market Breakdown by Installation Type
    - 11.1.1.3.3 Canada HVAC Controls Market Breakdown by System
    - 11.1.1.3.4 Canada HVAC Controls Market Breakdown by End User
  - 11.1.1.4 Mexico HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.1.4.1 Mexico HVAC Controls Market Breakdown by Component
    - 11.1.1.4.1.1 Mexico HVAC Controls Market Breakdown by Hardware
    - 11.1.1.4.2 Mexico HVAC Controls Market Breakdown by Installation Type
    - 11.1.1.4.3 Mexico HVAC Controls Market Breakdown by System
    - 11.1.1.4.4 Mexico HVAC Controls Market Breakdown by End User

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiatives
13.3 New Product Development
13.4 Merger and Acquisition

14. Company Profiles

14.1 Carrier Global Corporation
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 DAIKIN INDUSTRIES, Ltd.
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Delta Controls
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Acuity Brands, Inc.
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Emerson Electric Co.
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Honeywell International Inc.
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Johnson Controls, Inc.
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Schneider Electric SE
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Siemens AG
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Lennox International Inc.
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 About the Insight Partners
15.2 Word Index