Global HVAC Control Systems Market by Application (Industrial, Residential, Commercial), by Component (Controllers, Sensors) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2018, the global HVAC control system market was worth USD 13.1 billion. It is projected to grow at 12.2% between 2019 and 2025. This market growth can be attributed to rising demand for building automation systems and technological advances associated with HVAC control unit. A rising customer preference for comfort has led to a greater demand for HVAC controls that are remotely accessible. These factors will have a positive impact on the market during the forecast period.

The rise in construction spending, rapid urbanization and rising disposable incomes across major countries is driving the demand for HVAC equipment to soar. Climate change is another major contributor to the rise in HVAC equipment demand around the world. Climate change has made HVAC equipment more important than comfort. Market growth is expected to continue as control systems are an integral part of all HVAC equipment.

Due to government initiatives that promote a clean, green, and sustainable environment, the HVAC control system market will experience significant growth. Many governments offer financial incentives to encourage the use of energy-saving equipment in residential and commercial areas. The Energy Policy Act of 2005 was introduced by the United States government. It allows for a tax deduction of up USD 1.80 per square footage in new commercial buildings. Buildings that reduce their regulated energy consumption by 50% relative to the 2001 American Society of Heating, Refrigerating and Air-Conditioning Engineers, Inc. (ASHRAE90.1) receive a tax benefit. These government initiatives will increase the demand for HVAC control systems that are energy efficient, in addition to rising awareness of environmental degradation and energy management.

Due to the advent of smart, technologically advanced HVAC controls, there is a predicted increase in demand for HVAC control products. To support home automation and connectivity, manufacturers are now focusing on offering IoT-enabled HVAC control systems that can be connected to the Internet of Things (IoT). CoolAutomation Ltd., for example, has created a smart HVAC controller called ControlPad that can be used to automate your home. It is equipped with an ASCII interface and the RS485 network, which allows it to communicate with multiple equipment, such as lighting, heating, cooling, and lighting.

Market growth will be driven by the need to replace old control systems with more advanced controllers. Advanced systems have many advantages over the existing ones, such as lower operating costs and higher energy efficiency. Markets in developed countries like the U.S., U.K. and Germany are expected to be driven by retrofits, replacements and incremental upgrades of existing systems. The market will be supported by improvements in the functionality of HVAC sensors that measure temperature, humidity, CO2, and occupancy.

Component Insights

An HVAC control unit is made up of sensors, controllers, as well as controlled devices. The sensor is an essential component that measures environmental variables like temperature and humidity. The controllers then use this information to maintain a controlled environment. While there are many sensors that can be used in HVAC control systems temperature sensor is the most common. Other sensors include occupancy, humidity, economizers, dew point and CO2 sensors. In 2018, the sensors segment held the largest market share and will continue to dominate the market for the forecast period.

From 2019 to 2025, the controllers market is expected to grow at a CAGR greater than 11.0%. This is due to increasing usage of thermostats around the world. The most widely used controllers, thermostats, maintain the desired temperature by turning the heating/cooling device off or on. Some thermostats regulate the flow of heat transfer fluid to maintain temperature.

Application Insights

The market can be divided into three types based on its application: residential, commercial, or industrial HVAC control systems. In 2018, the market was dominated by the residential segment, accounting for over 50% of the total revenue share. The high market share was due to rising HVAC demand in the residential sector, especially in developing countries. Market growth is expected to continue in the future as this trend will not slow down.

Over the forecast period, the commercial segment will see a CAGR of around 10.0%. Segment growth is expected to be boosted by increased construction spending, especially in the Middle East and in developed countries like the U.S. The commercial segment is also seeing increased demand for products due to the deployment of building management systems in commercial buildings and government initiatives that encourage use of environmentally friendly HVAC system.

System Insights

The HVAC control system market can be divided into three segments based on system: temperature and humidity control (Venetian control), and integrated control systems. The temperature and humidity control segment was responsible for more than 40% of overall revenue in 2018. The segment's high market share can be attributed to the growing adoption of cooling and heating equipment around the world.

Systems that combine temperature control and humidity control capabilities are a focus of many companies. Preservatech's Maxi T control unit, which can manage temperature and humidity, is available from Preservatech. It also features an interactive panel that makes it easy to operate. Munters also offers ML Plus, a standalone system that provides dehumidification. It is also integrated with temperature and humidity controls. This segment will continue to dominate the market for six more years due to the introduction of single-unit systems that provide temperature and humidity control.

The integrated control system segment is expected to grow at a rate of 12.0% during the forecast period. Integrated control systems combine ventilation, temperature, humidity, as well as other control systems. The combination of all systems saves space and provides convenience for users.

Certain companies offer integration solutions for HVAC control system manufactured by other OEMs in an effort to maintain competition. Integrated Controls Environmental, LLC, a provider of building management services, offers integrated systems manufactured by Automated Logic Corporation.

Regional Insights

In 2018, the Asia Pacific market was the dominant industry and accounted to over 40% of total revenue. It is expected that the regional market will continue to dominate over the forecast period. This is due to rising demand from emerging economies like China and India. The region is expected to see increased competition due to rising disposable income and the availability of low-priced products in these countries.

North America is set to experience significant growth. It will register a CAGR greater than 10.0% between 2019 and 2025. Over the years, the regional HVAC equipment market has been stable. The market is expected to grow due to the necessity to replace or upgrade aging control systems with more modern ones. A higher number of smart homes, especially in the U.S., is another reason for this expected growth. Smart homes are connected to smart HVAC control systems. This allows for greater control and efficiency. The region is home to many manufacturers and OEMs as well as a large customer base. The market is thriving because of the presence of Honeywell International, Nest, Johnson Controls, and other companies.

Market Share Insights & Key Companies

This market is highly competitive and well-consolidated. Honeywell International and Johnson Controls are key players in the market. These market players particularly focus on entering into mergers and acquisitions and joint ventures/collaborations in order to enhance their market presence.

In response to growing technology demand from developed countries, market players are investing more in research and development. Telstar's Smart Cleanroom, a new HVAC control system for pharmaceutical businesses, was announced in June 2019. It significantly reduces energy consumption as well as operational costs. Market growth is expected to be boosted by the introduction of smart control systems, and the increased use of IoT.

HVAC Control Systems Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers analysis of industry trends and opportunities for each sub-segment between 2015 and 2025. Grand View Research has divided the global HVAC control system market report by component, system, region, and application.

• Component Outlook (Revenue USD Million, 2015-2025)

• Sensors

• Controllers

• Controlled Devices

• System Outlook (Revenue USD Million, 2015-2025)

• Temperature and Humidity Control

• Ventilation Control

• Integrated Control

• Application Outlook (Revenue USD Million, 2015-2025)

• Residential

• Commercial

• Industrial

• Regional Outlook (Revenue USD Million, 2015-2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

Up Market Research published a new report titled “HVAC Control Systems Market research report which is segmented by Application (Industrial, Residential, Commercial), by Component (Controllers, Sensors), By Players/Companies Delta Controls, Ingersoll-Rand plc, Johnson Controls, Nest, Honeywell International, Mitsubishi Electric Corporation These market players particularly focus on entering into mergers and acquisitions and joint ventures/collaborations in order to enhance their market presence, Schneider Electric”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global HVAC Control Systems Market Report Segments:

The market is segmented by Application (Industrial, Residential, Commercial), by Component (Controllers, Sensors).

HVAC Control Systems Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the HVAC Control Systems Market

Overview of the regional outlook of the HVAC Control Systems Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The HVAC Control Systems Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of HVAC Control Systems Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Industrial

                2. Residential

                3. Commercial

                1. Controllers

                2. Sensors

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the HVAC Control Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the HVAC Control Systems Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.