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HVAC Controls Market by Application (Industrial, Commercial, and Residential), by System (Humidity Control, Temperature Control, Integrated Control, and Ventilation Control), and by Component (Sensors and Controllers & Controlled Devices): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2024

Published Date: 17-Oct-2018 Category: Semiconductor & Electronics Report Format : PDF Pages: 110 Report Code: ZMR-1455 Status : Published

Global HVAC controls market expected to generate around USD 29.20 billion in revenue by the end of 2024, growing at a CAGR of around 14.25% between 2018 and 2024. The rapid technological advancements coupled with digitization are expected to propel the growth of the market for HVAC controls.

Description

The report covers forecast and analysis of the HVAC controls market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes the drivers and restraints of the HVAC controls market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the HVAC Controls market on a global level.

In order to give the users of this report a comprehensive view of the HVAC controls market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein application, system, and component segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global HVAC Controls Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies according to the region.

The study provides a decisive view of the HVAC controls market by segmenting the market based on application, system, component, and regions. All the segments have been analyzed based on the present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This segmentation includes the demand for HVAC controls market based on all segments in all the regions and countries.

The report also includes detailed profiles of key players, such as Honeywell International, Mitsubishi Electric, Johnson Controls, Lennox International, Schneider Electric, Siemens, Ingersoll Rand, Delta Controls, Emerson Electric, and Azbil.

This report segments the global HVAC controls market as follows:

Global HVAC Controls Market: Application Segment Analysis

  • Industrial
  • Commercial
  • Residential

Global HVAC Controls Market: System Segment Analysis

  • Humidity Control 
  • Temperature Control
  • Integrated Control
  • Ventilation Control

Global HVAC Controls Market:  Component Segment Analysis

  • Sensors
  • Controllers and Controlled Devices

Global HVAC Controls Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global HVAC controls market, 2015 - 2024 (USD Billion)
    • 2.2. Global HVAC controls market: snapshot
  •  
  • Chapter 3. HVAC Controls Market - Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global HVAC Controls market drivers: impact analysis
      • 3.2.2. Rising demand for building automation systems
      • 3.2.3. Increasing adoption of IoT in the HVAC industry
    • 3.3. Market Restraints
      • 3.3.1. Global HVAC Controls market restraints: impact analysis
      • 3.3.2. Lack of awareness
    • 3.4. Opportunities
      • 3.4.1. Technological advancements
    • 3.5. Porter's Five Forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by application segment
      • 3.6.2. Market attractiveness analysis, by system segment
      • 3.6.3. Market attractiveness analysis, by component segment
      • 3.6.4. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global HVAC Controls Market - Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global HVAC Controls market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global HVAC Controls Market- Application Segment Analysis
    • 5.1. Global HVAC controls market: application overview
      • 5.1.1. Global HVAC Controls market revenue share, by application, 2017 and 2024
    • 5.2. Industrial
      • 5.2.1. Global HVAC Controls market for the industrial market, 2015 - 2024 (USD Billion)
    • 5.3. Commercial
      • 5.3.1. Global HVAC Controls market for the commercial market, 2015 - 2024 (USD Billion)
    • 5.4. Residential
      • 5.4.1. Global HVAC Controls market for the residential market, 2015 - 2024 (USD Billion)
  •  
  • Chapter 6. Global HVAC Controls Market- Material Application Segment Analysis
    • 6.1. Global HVAC Controls market: system overview
      • 6.1.1. Global HVAC Controls market revenue share, by system, 2017 and 2024
    • 6.2. Humidity Control
      • 6.2.1. Global HVAC Controls market for humidity control market, 2015 - 2024 (USD Billion)
    • 6.3. Temperature Control
      • 6.3.1. Global HVAC Controls market for temperature control market, 2015 - 2024 (USD Billion)
    • 6.4. Integrated Control
      • 6.4.1. Global HVAC Controls market for integrated control market, 2015 - 2024 (USD Billion)
    • 6.5. Ventilation Control
      • 6.5.1. Global HVAC Controls market for ventilation control market, 2015 - 2024 (USD Billion)
  •  
  • Chapter 7. Global HVAC Controls Market- Component Segment Analysis
    • 7.1. Global HVAC controls market: Component overview
      • 7.1.1. Global HVAC controls market revenue share, by component, 2017 and 2024
    • 7.2. Sensors
      • 7.2.1. Global HVAC Controls market for less than sensors market, 2015 - 2024 (USD Billion)
    • 7.3. Controllers and Controlled Devices
      • 7.3.1. Global HVAC Controls market for controllers and controlled devices market, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. Global HVAC Controls Market- Regional Segment Analysis
    • 8.1. Global HVAC Controls market: regional overview
      • 8.1.1. Global HVAC Controls market revenue share, by region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
      • 8.2.2. North America HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
      • 8.2.3. North America HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.2.4. U.S.
        • 8.2.4.1. U.S. HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.2.4.2. U.S. HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.2.4.3. U.S. HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.2.5. Canada
        • 8.2.5.1. Canada HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.2.5.2. Canada HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.2.5.3. Canada HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.2.6. Mexico
        • 8.2.6.1. Mexico HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.2.6.2. Mexico HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.2.6.3. Mexico HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
      • 8.3.2. Europe HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
      • 8.3.3. Europe HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.3.4. UK
        • 8.3.4.1. UK HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.3.4.2. UK HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.3.4.3. UK HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
        • 8.3.4.4. UK HVAC Controls market revenue, by vertical, 2015 - 2024 (USD Billion)
      • 8.3.5. Germany
        • 8.3.5.1. Germany HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.3.5.2. Germany HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.3.5.3. Germany HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.3.6. France
        • 8.3.6.1. France HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.3.6.2. France HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.3.6.3. France HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.3.7. Spain
        • 8.3.7.1. Spain HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.3.7.2. Spain HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.3.7.3. Spain HVAC Controls market revenue, by vertical, 2015 - 2024 (USD Billion)
      • 8.3.8. Russia
        • 8.3.8.1. Russia HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.3.8.2. Russia HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.3.8.3. Russia HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.3.9. Italy
        • 8.3.9.1. Italy HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.3.9.2. Italy HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.3.9.3. Italy HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
      • 8.4.2. Asia Pacific HVAC Controls market revenue, by material Application, 2015 - 2024 (USD Billion)
      • 8.4.3. Asia Pacific HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.4.4. China
        • 8.4.4.1. China HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.4.4.2. China HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.4.4.3. China HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.4.5. Japan
        • 8.4.5.1. Japan HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.4.5.2. Japan HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.4.5.3. Japan HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.4.6. India
        • 8.4.6.1. India HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.4.6.2. India HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.4.6.3. India HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.4.7. Southeast Asia
        • 8.4.7.1. Southeast Asia HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.4.7.2. Southeast Asia HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.4.7.3. Southeast Asia HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.4.8. Australia
        • 8.4.8.1. Australia HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.4.8.2. Australia HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.4.8.3. Australia HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.4.9. South Korea
        • 8.4.9.1. South Korea HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.4.9.2. South Korea HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.4.9.3. South Korea HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
      • 8.5.2. Latin America HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
      • 8.5.3. Latin America HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.5.4.2. Brazil HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.5.4.3. Brazil HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
      • 8.6.2. Middle East and Africa HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
      • 8.6.3. Middle East and Africa HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.6.4. GCC Countries
        • 8.6.4.1. GCC Countries HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.6.4.2. GCC Countries HVAC Controls market revenue, by system 2015 - 2024 (USD Billion)
        • 8.6.4.3. GCC Countries HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
      • 8.6.5. South Africa
        • 8.6.5.1. South Africa HVAC Controls market revenue, by Application, 2015 - 2024 (USD Billion)
        • 8.6.5.2. South Africa HVAC Controls market revenue, by system, 2015 - 2024 (USD Billion)
        • 8.6.5.3. South Africa HVAC Controls market revenue, by Component, 2015 - 2024 (USD Billion)
  •  
  • Chapter 9. Company Profile
    • 9.1. Siemens AG
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Ingersoll Rand
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Mitsubishi Electric
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Delta Controls
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Johnson Controls
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Schneider Electric
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Emerson Electric
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Lennox International
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Azbil
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Honeywell International, Inc.
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

Methodology

Free Analysis

HVAC controls are one of the crucial components in modern-day technology. The HVAC controls are designed in a way that they work in extreme conditions. HVAC systems can be described both as central systems and self-contained unit packages. A unit package or a single unit converts a primary source of energy, i.e., gas or electric current, and delivers the heating or cooling to space, whichever is necessary. Some examples of self-contained unit packages are air conditioning units for rooms, rooftop HVAC systems, and air-to-air heat pumps. In the central systems, the primary conversion of energy takes place in a central location with the help of thermal energy. The output power is further distributed via buildings or any other facility. 

HVAC controls market is experiencing the highest growth rate in developed as well as developing countries. Technological advancements and declining sensors’ prices will boost market growth and development. Commercial buildings with clean and green energy will positively impact the market. Several government initiatives toward clean, green, and sustainable environment will lead to the growth of smart buildings in the urban and semi-urban areas. Moreover, the energy management techniques through wireless modular devices with sensors and other controlled devices will propel the growth of this market. The continuous development of vents and the growing inclination of customers toward smart lifestyle and living will fuel the expansion of this market. Increased customer expenditure and rapid industrial development across the globe might also help in the development of HVAC controls market. Implementation of IoT including automated controls will increase the revenue of this market on a global scale during the forecast period. 

Global HVAC Controls Market

On the basis of application, the HVAC controls market is segmented into industrial, commercial, and residential. Based on the system, the HVAC controls market is classified into temperature control, integrated control, humidity control, and ventilation control. On the basis of the component, the market is categorized into controllers and controlled devices and sensors.

North America is anticipated to grow with the highest rate in the global HVAC controls market during the forecast period. This region will probably continue with its regional domination during the forecast period. This regional market’s growth during the forecast period can be attributed to the improved infrastructure and ongoing technological advancements and the advent of less energy consumption in every building space coupled with increased efficiency. Europe is projected to contribute a substantial revenue share in the global market for HVAC controls. Government regulations for efficient and effective energy consumption coupled with increased penetration of techno-buildings in this region will boost the growth and development of the global HVAC controls market across the world.

Some key players of the global market for HVAC controls include Azbil, Lennox International, Emerson Electric, Schneider Electric, Delta Controls, Mitsubishi Electric, Ingersoll Rand, Siemens AG, Johnson Controls, and Honeywell International, among others.

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