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North American HVAC Controls Market
Frost & Sullivan, Aug 2010, Pages: 70
The North American HVAC controls market has been witnessing strong growth fuelled by the interoperability, connectivity, network integration, date analysis and system integration needs. The study analyses the market identifying key trends, market dynamics and provides a forecast across 2006 to 2016. The total market has been segmented to unitary and applied HVAC control systems and the corresponding revenue forecasts and market share analyses has been provided. The study also discusses some of the key trends and strategic recommendations for the manufacturers in the market
Research Overview
This Frost & Sullivan research service titled North American HVAC Controls Market provides a detailed analysis of the drivers, restraints, technology trends, and revenue forecasts for the North American heating, ventilation, and air conditioning (HVAC) controls market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets by application: new construction and retrofit market. The end users covered in this research service are educational, institutional, commercial, industrial, and residential.
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Market Overview
The Surge in Network Integration and Demand Drives Growth in the North American HVAC Controls Market
The North American HVAC controls market is poised to witness significant growth triggered by greater network integration, open communication protocols, ever-increasing customer demand for interoperability, and occupant comfort. This market has been sustaining on the replacement market with the growing interest to upgrade ageing facilities and optimize energy usage in a building. There has been a gradual migration of the legacy systems to highly integrated control systems, primarily accelerated by the technological trends and end-user preferences.
“Rising end-user preferences towards information exchange, remote monitoring, central management, and control have facilitated building data analysis, real-time performance, and evaluation of energy consumption data,” says the analyst of this research. “Technology advancement coupled with end-user comfort preferences are the key factors boosting growth in the North American HVAC controls market.” The market is currently experiencing modest growth rates after the adverse effects of the economic slowdown on the commercial construction market with deferred new projects and cancelled contracts. Companies should invest in their workforce to train their technicians to handle system breakdowns and failures as well as focus on R&D, testing, and predictive and preventive maintenance to ensure operational excellence of systems.
However, the initial upfront costs of HVAC controls continue to be high, despite measures to step-up the return-on-investment (ROI) and reduce the life cycle cost of equipment. HVAC manufacturers are often tasked with convincing IP operators to allow an HVAC technician to work on their networks. Manufacturers should implement new techniques to achieve economies of scale. They are likely to leverage greater benefits through integrated systems by strengthening and establishing new partnerships with IT infrastructure companies that have a stronger footprint in Web technologies, enterprise communication, and interoperability. “Manufacturers must streamline their functionalities and capabilities to establish seamless communication and interoperability among devices from different manufacturers, as well as the system’s operational efficiency, to successfully align and offer a wholesome package,” concludes the analyst.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Application:
- New construction
- Retrofit market
By End User:
- Educational
- Institutional
- Commercial
- Industrial
- Residential
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