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HVAC Controls Market by System, Component, Revenue Source, Application, and Geography - Global Trend and Forecast to 2022

  • ID: 3643063
  • April 2016
  • Region: Global
  • 199 Pages
  • Markets and Markets
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The HVAC Controls Market is Expected to Reach USD 17.51 Billion by 2022 from USD 8.52 Billion in 2015, Growing at a CAGR of 10.8%

FEATURED COMPANIES

  • Delta Controls Inc.
  • Distech Controls Inc.
  • Emerson Electric Co.
  • Ingersoll Rand PLC.
  • Johnson Controls, Inc.
  • KMC Controls, Inc.
  • MORE

"HVAC Controls Market by System (Temperature, Ventilation, Humidity & Integrated Controls), Component (Sensors and Controllers & Controlled Devices), Revenue Source (HVAC Controls & BEMS), Application, and Geography - Global Trend and Forecast to 2022"

The base year considered for the study is 2015 and the forecast period is considered between 2016 and 2022. This report provides a detailed analysis of the HVAC controls market based on system, revenue source, component, application, and geography. The market for the commercial buildings application is expected to hold a large share of the market because of the government regulations and tax credit schemes which are boosting the adoption of HVAC controls. The market for the commercial and residential buildings applications are expected to witness high CAGR between 2016 and 2022.

The research methodology used to estimate and forecast the HVAC controls market begins with capturing data on key vendor revenue through the secondary research. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the HVAC controls market from the revenue of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through the primary research by conducting extensive interviews with people holding key positions such as CEOs, VPs, directors, and executives. Market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

The ecosystem of the HVAC controls market includes component suppliers, product manufacturers, distributors, system integrators, and service providers. READ MORE >

Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Delta Controls Inc.
  • Distech Controls Inc.
  • Emerson Electric Co.
  • Ingersoll Rand PLC.
  • Johnson Controls, Inc.
  • KMC Controls, Inc.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 HVAC Controls Market Expected to Have Huge Growth Opportunities in APAC
4.2 HVAC Controls Market, By System (2016 - 2022)
4.3 HVAC Controls Market, By Region and System
4.4 HVAC Controls Market, By Geography (2015)
4.5 HVAC Controls Market, By Application
4.6 HVAC Controls Market, By Component

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By System
5.2.2 By Component
5.2.3 By Revenue Source
5.2.4 By Application
5.2.5 By Geography
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 The Need for Improved Energy Efficiency and Low Environmental Impact Expected to Drive the Market
5.3.1.2 Increasing Use of Internet Protocol (IP) Technology in HVAC Control Systems
5.3.1.3 Growing Construction Activities Would Boost the Implementation Rate of HVAC Controls
5.3.1.4 Increased Legislation to Adopt HVAC & Energy Management Initiatives in Major Regions
5.3.1.4.1 Energy Management Initiatives
5.3.1.5 High Level of Efficiency Through Wireless Networks Using Wireless Controls and Sensors
5.3.1.6 Tax Reduction By Governments to Promote HVAC Controls
5.3.2 Restraints
5.3.2.1 Lack of Awareness Regarding Benefits of HVAC Controls
5.3.2.2 Low Cost of Energy in the U.S.
5.3.2.3 Substitution From Wired to Wireless Sensor Network
5.3.3 Opportunities
5.3.3.1 Growing Consumer Inclination Toward Smart Devices
5.3.3.2 Innovation in the Development of Sensors and Controls Expected to Catalyze the Market
5.3.4 Challenges
5.3.4.1 Complexity in Retrofits of Existing Buildings
5.3.4.2 Lack of Product Differentiation Due to the Requirement of Heavy Investment

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Intensity of Competitive Rivalry
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Buyers
6.3.4 Bargaining Power of Suppliers
6.3.5 Threat of New Entrants

7 HVAC Controls Market, By System
7.1 Introduction
7.2 Temperature Control System
7.2.1 Types of Temperature Control Systems
7.2.1.1 On-Off Temperature Control: Simplest Form of Temperature Control
7.2.1.2 Proportional Control
7.2.1.3 Proportional-Integral-Derivative (PID) Control
7.3 Ventilation Control System
7.3.1 Automatic Ventilation Process By Demand-Controlled Ventilation
7.4 Humidity Control Systems
7.4.1 Temperature and Relative Humidity are Proportional to Each Other
7.4.2 Need for Humidity Control
7.5 Integrated Control Systems
7.5.1 Advantages of Integrated Control Systems

8 HVAC Controls Market, By Component
8.1 Introduction
8.2 Sensors
8.2.1 By Sensor Type
8.2.1.1 Temperature Sensors
8.2.1.2 Humidity Sensors
8.2.1.3 Occupancy Sensors
8.2.1.4 Pressure Sensors
8.2.1.4.1 Merits of Pressure Sensors
8.2.1.5 Flow Sensors
8.2.1.6 Other Sensors
8.2.2 By Connection Type
8.2.2.1 Wired Sensors
8.2.2.2 Wireless Sensors
8.3 Controllers & Controlled Devices
8.3.1 Controlled Equipment
8.3.1.1 Control Valves
8.3.1.2 Heating and Cooling Coils
8.3.1.3 Dampers
8.3.1.4 Actuators
8.3.1.5 Pumps & Fans
8.3.2 Smart Vents
8.3.3 Controllers
8.3.3.1 VAV Controllers
8.3.3.2 FCU Controllers
8.3.4 Control Systems
8.3.4.1 Electronic Control Systems
8.3.4.2 Pneumatic Control Systems
8.3.4.3 Direct Digital Control Systems

9 HVAC Controls Market, By Revenue Source
9.1 Introduction
9.2 HVAC Controls
9.2.1 Increasing Demand From Commercial and Residential Buildings
9.3 Building Energy Management Systems (BEMS)
9.3.1 Comparing the Need for Energy With the Actual Energy Consumption
9.3.2 Use of Building Automation Systems
9.3.3 Maintenance and Improvement

10 HVAC Controls Market, By Application
10.1 Introduction
10.2 Residential Buildings
10.2.1 Energy Crisis: A Major Global Concern
10.2.2 Regulation and Tax Credit Promote HVAC
10.3 Industrial Buildings
10.3.1 Implementation of HVAC Ensures A Healthy and Productive Environment
10.3.2 Efficient HVAC System in Industries Helps to Reduce Energy Cost
10.4 Commercial Buildings
10.4.1 Regulations and Tax Benefits for Retrofits Expected to Boost the Market
10.4.2 Office Buildings
10.4.2.1 Regulations Supporting the Growth of the Commercial Buildings Application
10.4.3 Educational Centers
10.4.4 Healthcare Centers
10.4.5 Hospitality Centers
10.4.6 Retail Centers
10.4.7 Others

11 HVAC Controls Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 Regulatory Frameworks
11.2.2 Events to Be Held in North America in 2016 and 2017
11.2.3 U.S.
11.2.3.1 U.S. Holds A Large Share of the North American HVAC Controls Market
11.2.3.2 Support From U.S. Government to HVAC Controls Through Regulations
11.2.4 Canada
11.2.4.1 Standards and Regulations Driving the Market in Canada
11.2.5 Mexico
11.3 Europe
11.3.1 Regulatory Frameworks
11.3.2 Events to Be Held in Europe in 2016 and 2017
11.3.3 U.K.
11.3.3.1 European Directives and Epbd Contributing to the Growth of HVAC Controls Market in the U.K.
11.3.4 Germany
11.3.4.1 Germany’s Residential Retrofits to Drive the HVAC Controls Market
11.3.5 France
11.3.5.1 Trend of Retrofitting Old Buildings With HVAC Controls Driving the Market in France
11.3.6 Others
11.4 Asia-Pacific
11.4.1 Regulatory Frameworks
11.4.2 Events to Be Held in APAC Between 2016 and 2017
11.4.3 China
11.4.3.1 Growth of China is Attributed to Strong R&D and Technical Training Facilities
11.4.4 India
11.4.4.1 Ideal Location for Expansion of HVAC Controls Market
11.4.5 Japan
11.4.5.1 Joint Ventures and New Product Developments Supporting the Growth of the Market in Japan
11.4.6 Others
11.5 Rest of the World
11.5.1 Regulatory Frameworks
11.5.2 Events to Be Held in RoW in 2016
11.5.3 Middle East
11.5.3.1 Increasing Investments in Real Estate Driving the Market in the Middle East
11.5.4 South America
11.5.4.1 FDI and Foreign Investment Driving the Growth of the Market
11.5.5 Africa
11.5.5.1 Variation in Weather Conditions Lead to High Implementation of HVAC Controls

12 Competitive Landscape
12.1 Overview
12.2 Market Rank Analysis: HVAC Controls Market
12.3 Competitive Situation and Trends
12.3.1 New Product Developments
12.3.2 Acquisitions & Expansions
12.3.3 Agreements, Joint Ventures, & Contracts

13 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
13.1 Introduction
13.2 Honeywell International Inc.
13.3 Johnson Controls, Inc.
13.4 Schneider Electric SE
13.5 Siemens AG
13.6 United Technologies Corporation
13.7 Emerson Electric Co.
13.8 Ingersoll Rand PLC.
13.9 Lennox International Inc.
13.10 Delta Controls Inc.
13.11 Distech Controls Inc.
13.12 KMC Controls, Inc.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Subscription Portal
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports

List of Tables

Table 1 HVAC Controls Market, By System
Table 2 HVAC Controls Market, By Component
Table 3 HVAC Controls Market, By Revenue Source
Table 4 HVAC Controls Market, By Application
Table 5 Need for Improved Energy Efficiency and Low Environmental Impact Expected to Drive the Market
Table 6 Lack of Awareness Regarding Benefits of HVAC Controls
Table 7 Growing Consumer Inclination Toward Smart Devices
Table 8 Complexity in Retrofits of Existing Buildings
Table 9 HVAC Controls Market, By System, 2013 - 2022 (USD Billion)
Table 10 HVAC Controls Market for Temperature Control Systems, By Component, 2013 - 2022 (USD Billion)
Table 11 HVAC Controls Market for Temperature Control Systems, By Application, 2013 - 2022 (USD Billion)
Table 12 HVAC Controls Market for Temperature Control Systems, By Region, 2013 - 2022 (USD Million)
Table 13 HVAC Controls Market for Ventilation Control Systems, By Component, 2013 - 2022 (USD Million)
Table 14 HVAC Controls Market for Ventilation Control Systems, By Application, 2013 - 2022 (USD Million)
Table 15 HVAC Controls Market for Ventilation Control Systems, By Region, 2013 - 2022 (USD Million)
Table 16 HVAC Controls Market for Humidity Control Systems, By Component, 2013 - 2022 (USD Million)
Table 17 HVAC Controls Market for Humidity Control Systems, By Application, 2013 - 2022 (USD Million)
Table 18 HVAC Controls Market for Humidity Control Systems, By Region, 2013 - 2022 (USD Million)
Table 19 HVAC Controls Market for Integrated Control Systems, By Component, 2013 - 2022 (USD Billion)
Table 20 HVAC Controls Market for Integrated Control Systems, By Application, 2013 - 2022 (USD Million)
Table 21 HVAC Controls Market for Integrated Control Systems, By Region, 2013 - 2022 (USD Million)
Table 22 HVAC Controls Market, By Component, 2013 - 2022 (USD Billion)
Table 23 HVAC Controls Market Size, By Sensor, 2013 - 2022 (USD Billion) (Billion Units)
Table 24 HVAC Controls Market for Sensors, By System, 2013 - 2022 (USD Million)
Table 25 HVAC Controls Market for Sensor, By Application, 2013 - 2022 (USD Million)
Table 26 HVAC Controls Market for Sensors, By Region, 2013 - 2022 (USD Billion)
Table 27 HVAC Controls Market for Controllers and Controlled Devices, By Component, 2013 - 2022 (USD Billion)
Table 28 HVAC Controls Market for Controllers and Controlled Devices, By System, 2013 - 2022 (USD Billion)
Table 29 HVAC Controls Market for Controlled Equipment, By Component, 2013 - 2022 (USD Billion)
Table 30 HVAC Controls Market for Controllers & Controlled Devices, By Application, 2013 - 2022 (USD Billion)
Table 31 HVAC Controls Market for Controllers & Controlled Devices, By Region, 2013 - 2022 (USD Billion)
Table 32 HVAC Controls Market, By Revenue Source, 2013 - 2022 (USD Billion)
Table 33 HVAC Controls Market, By Application, 2013 - 2022 (USD Billion)
Table 34 HVAC Controls Market in Residential Buildings Application, By System, 2013 - 2022 (USD Billion)
Table 35 HVAC Controls Market for Residential Buildings Application, By Component, 2013 - 2022 (USD Billion)
Table 36 HVAC Controls Market for Residential Buildings Application, By Region, 2013 - 2022 (USD Billion)
Table 37 HVAC Controls Market for Residential Buildings Application in North America, By Country 2013 - 2022 (USD Million)
Table 38 HVAC Controls Market for Residential Buildings Application in Europe, By Country, 2013 - 2022 (USD Million)
Table 39 HVAC Controls Market in Residential Buildings Application in APAC, By Country, 2013 - 2022 (USD Million)
Table 40 HVAC Controls Market for Residential Buildings Application in RoW, By Region, 2013 - 2022 (USD Million)
Table 41 HVAC Controls Market for Industrial Buildings Application, By System, 2013 - 2022 (USD Billion)
Table 42 HVAC Controls Market for Industrial Buildings Application, By Component, 2013 - 2022 (USD Billion)
Table 43 HVAC Controls Market for Industrial Buildings Application, By Region, 2013 - 2022 (USD Million)
Table 44 HVAC Controls Market in Industrial Buildings Application in North America, By Country, 2013 - 2022 (USD Million)
Table 45 HVAC Controls Market in Industrial Buildings Application in Europe, By Country, 2013 - 2022 (USD Million)
Table 46 HVAC Controls Market for Industrial Buildings Application in APAC, By Country 2013 - 2022 (USD Million)
Table 47 HVAC Controls Market in Industrial Buildings Application in RoW, By Region, 2013 - 2022 (USD Million)
Table 48 HVAC Controls Market for Commercial Buildings Application, By Building Type, 2013 - 2022 (USD Million)
Table 49 HVAC Controls Market for Commercial Buildings Application, By System, 2013 - 2022 (USD Billion)
Table 50 HVAC Controls Market for Commercial Buildings Application, By Component, 2013 - 2022 (USD Billion)
Table 51 HVAC Controls Market for Commercial Buildings Application, By Region, 2013 - 2022 (USD Billion)
Table 52 HVAC Controls Market for Commercial Buildings Application in North America, By Country, 2013 - 2022 (USD Million)
Table 53 HVAC Controls Market in Commercial Buildings Application in Europe, By Country, 2013 - 2022 (USD Million)
Table 54 HVAC Controls Market for Commercial Buildings Application in APAC, By Country, 2013 - 2022 (USD Million)
Table 55 HVAC Controls Market for Commercial Buildings Application in RoW, By Region, 2013 - 2022 (USD Million)
Table 56 HVAC Controls Market, By Region, 2013 - 2022 (USD Billion)
Table 57 List of Events to Be Held in North America in 2016 and 2017
Table 58 HVAC Controls Market in North America, By Country, 2013 - 2022 (USD Billion)
Table 59 HVAC Controls Market in North America, By System, 2013 - 2022 (USD Billion)
Table 60 HVAC Controls Market in North America, By Application, 2013 - 2022 (USD Million)
Table 61 HVAC Controls Market in North America, By Component, 2013 - 2022 (USD Billion)
Table 62 List of Events to Be Held in Europe in 2016 and 2017
Table 63 HVAC Controls Market in Europe, By Country, 2013 - 2022 (USD Million)
Table 64 HVAC Controls Market in Europe, By System, 2013 - 2022 (USD Million)
Table 65 HVAC Controls Market in Europe, By Application, 2013 - 2022 (USD Million)
Table 66 HVAC Controls Market in Europe, By Component, 2013 - 2022 (USD Billion)
Table 67 List of Events to Be Held in APAC Between 2016 and 2017
Table 68 HVAC Controls Market in APAC, By Country, 2013 - 2022 (USD Billion)
Table 69 HVAC Controls Market in APAC, By System, 2013 - 2022 (USD Billion)
Table 70 HVAC Controls Market for APAC, By Application, 2013 - 2022 (USD Million)
Table 71 HVAC Controls Market in APAC, By Component, 2013 - 2022 (USD Billion)
Table 72 List of Events to Be Held in RoW in 2016
Table 73 HVAC Controls Market in RoW, By Region, 2013 - 2022 (USD Billion)
Table 74 HVAC Controls Market in RoW, By System, 2013 - 2022 (USD Million)
Table 75 HVAC Controls Market in RoW, By Application, 2013 - 2022 (USD Million)
Table 76 HVAC Controls Market in RoW, By Component, 2013 - 2022 (USD Billion)
Table 77 HVAC Controls Market Ranking, By Key Player, 2015
Table 78 New Product Developments, 2013 - 2016
Table 79 Acquisitions & Expansions, 2013 - 2015
Table 80 Agreements , Joint Ventures, & Contracts, 2013 - 2015
Table 81 Honeywell Corporation - Key Financial Statement (USD Billion)
Table 82 Johnson Controls, Inc. - Key Financial Statement (USD Billion)
Table 83 Schneider Electric SE - Key Financial Statement (USD Billion)
Table 84 Siemens AG - Key Financial Statement (USD Billion)
Table 85 United Technologies Corporation - Key Financial Statement (USD Billion)
Table 86 Emerson Electric Co. - Key Financial Statement (USD Billion)

List of Figures

Figure 1 Markets Covered
Figure 2 HVAC Controls Market: Research Design
Figure 3 HVAC Controls Market: Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 HVAC Controls Market Segmentation
Figure 8 HVAC Controls Market Snapshot, USD Billion (2016 - 2022)
Figure 9 Controllers & Controlled Devices Expected to Hold A Major Share of the HVAC Controls Market
Figure 10 Integrated Control Systems to Exhibit Potential Growth During the Forecast Period
Figure 11 HVAC Controls Market Snapshot, By Application (2016 vs 2020): Commercial Application Expected to Be the Largest Market During the Forecast Period
Figure 12 HVAC Controls Market, By Region, 2015
Figure 13 Attractive Growth Opportunities in the HVAC Controls Market
Figure 14 Temperature Control Systems Expected to Hold the Largest Market Share During the Forecast Period
Figure 15 Asia-Pacific to Hold the Largest Share of the HVAC Controls Market in 2016
Figure 16 China & the U.S. Held the Largest Share of HVAC Controls Market, 2015
Figure 17 Commercial Buildings Application to Lead the Overall Market in 2016
Figure 18 Controllers and Controlled Devices Expected to Hold the Largest Share of the HVAC Controls Market (2016)
Figure 19 Market, By Geography
Figure 20 Demand for HVAC Controls Expected to Grow Because of the Need for Improved Energy Efficiency & Low Environmental Impact
Figure 21 Global Electricity Prices in the U.S., By Application, (2014-2015)
Figure 22 Value Chain Analysis: Maximum Value Added During Manufacturing, Systems Integration, and Consultation Stages
Figure 23 Bargaining Power of Buyers Expected to Have A High Impact
Figure 24 Porter’s Five Forces Analysis
Figure 25 HVAC Controls Market: Intensity of Rivalry
Figure 26 HVAC Controls Market: Threat of Substitutes
Figure 27 HVAC Controls Market: Bargaining Power of Buyers
Figure 28 HVAC Controls Market: Bargaining Power of Suppliers
Figure 29 HVAC Controls Market: Threat of New Entrants
Figure 30 Temperature Control System Expected to Hold the Largest Market Size By 2022
Figure 31 Controllers & Controlled Devices Expected to Hold the Largest Market Size By 2022
Figure 32 The Market for the Commercial Buildings Application Expected to Grow at the Highest CAGR Between 2016 and 2022
Figure 33 APAC and North America are the Most Promising Markets for Temperature Control Systems During the Forecast Period
Figure 34 Controllers and Controlled Devices Expected to Hold the Largest Market Size During the Forecast Period
Figure 35 Commercial Buildings Application Expected to Hold the Largest Market Size During the Forecast Period
Figure 36 Ventilation Control Systems Market to Have High Growth Potential in Asia-Pacific
Figure 37 Controllers and Controlled Devices to Exhibit High Growth Between 2016 and 2022
Figure 38 The Market for Residential Buildings Application Expected to Grow at A High CAGR During the Forecast Period
Figure 39 Asia-Pacific Expected to Grow at A High CAGR During the Forecast Period
Figure 40 Market for Controllers and Controlled Devices Expected to Grow at A High CAGR During the Forecast Period
Figure 41 Integrated Control Systems to Have Maximum Use in Commercial Building Application During the Forecast Period
Figure 42 Asia-Pacific Expected to Grow at A High CAGR During the Forecast Period
Figure 43 Controllers & Controlled Devices Expected to Hold the Largest Market Size By 2022
Figure 44 Temperature Control Systems Expected to Grow at A High CAGR Between 2016 and 2022
Figure 45 Residential Buildings Application to Witness Highest Growth Between 2016 and 2022
Figure 46 APAC and North America are the Most Promising Markets for Sensors in HVAC Controls
Figure 47 Market for Smart Vents Expected to Grow at A High CAGR During the Forecast Period
Figure 48 Temperature Control Systems Expected to Lead the Market Between 2016 and 2022
Figure 49 Control Valves to Witness Highest Growth Rate Between 2016 and 2022
Figure 50 Commercial Buildings Application to Hold the Largest Market Size for Controllers & Controlled Devices During the Forecast Period
Figure 51 HVAC Controls Expected to Hold the Largest Market Size By 2022
Figure 52 Market Scope of HVAC Controls
Figure 53 Commercial Segment Expected to Hold the Largest Market Size for HVAC Controls By 2022
Figure 54 Market for Temperature Control Systems Expected to Grow at A High CAGR During the Forecast Period
Figure 55 Asia-Pacific to Witness High Growth for Residential Buildings Application Between 2016 and 2022
Figure 56 China to Lead the HVAC Controls Market in the Residential Buildings Application in APAC
Figure 57 Middle East and Africa are the Promising Markets for Residential Buildings Application
Figure 58 Integrated Control System S to Have High Growth Potential in the Industrial Buildings Application
Figure 59 Controllers and Controlled Devices Market for Industrial Buildings Application Expected to Grow at A High CAGR During the Forecast Period
Figure 60 Canada to Hold the Major Position in the Industrial Buildings Application in North America During the Forecast Period
Figure 61 China to Hold the Largest Market Size for Industrial Buildings Application in APAC During the Forecast Period
Figure 62 Office Buildings to Lead the HVAC Controls Market Till 2022
Figure 63 Temperature Control Systems in Commercial Buildings Application Expected to Hold A Large Market Size By 2022
Figure 64 Market for Sensors in the Commercial Buildings Application to Grow at the Highest CAGR Between 2016 and 2022
Figure 65 APAC to Lead the Market in Commercial Buildings Application By 2022
Figure 66 Market for Commercial Buildings Application in Canada to Grow at the Highest CAGR Between 2016 and 2022 in North America
Figure 67 Japan to Hold the Largest Market Size of Commercial Buildings Application in APAC By 2022
Figure 68 Middle East Expected to Hold A Major Share of the RoW Market for Commercial Buildings Application
Figure 69 Geographic Snapshot: Global HVAC Controls Market
Figure 70 APAC Market Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 71 North America Market Snapshot (2015 - 2022): Demand Likely to Be Driven By Residential and Commercial Buildings Application
Figure 72 Market for Integrated Control in North America Expected to Grow at A High Rate During the Forecast Period
Figure 73 Sensors Market to Witness Highest Growth in North America
Figure 74 Germany Expected to Hold Largest Market Size in 2016
Figure 75 Market for Commercial Buildings Application to Exhibit High Growth Potential By 2022
Figure 76 Asia-Pacific HVAC Controls Market Snapshot: India to Be the Most Lucrative Market
Figure 77 Integrated Control Systems Expected to Witness Highest Growth in APAC
Figure 78 Controllers and Controlled Devices to Hold Major Market Size By 2022 in APAC
Figure 79 The Middle East Expected to Lead the HVAC Controls Market During the Forecast Period
Figure 80 Integrated Control Systems Likely to Lead the Market By 2022
Figure 81 Sensors Market Expected to Witness Highest Growth in RoW
Figure 82 Companies Adopted New Product Development as the Key Growth Strategy Between 2013 and 2016
Figure 83 Market Evolution Framework: New Product Developments Fuelled Growth in the HVAC Controls Market
Figure 84 Battle for Market Share: New Product Development - The Key Strategy
Figure 85 Geographic Revenue Mix of Top Five Players (2014)
Figure 86 Honeywell International Inc.: Company Snapshot
Figure 87 Honeywell International Inc.: SWOT Analysis
Figure 88 Johnson Controls Inc.: Company Snapshot
Figure 89 Johnson Controls Inc.: SWOT Analysis
Figure 90 Schneider Electric SE: Company Snapshot
Figure 91 Schneider Electric SE: SWOT Analysis
Figure 92 Siemens AG: Company Snapshot
Figure 93 Siemens AG: SWOT Analysis
Figure 94 United Technologies Corporation: Company Snapshot
Figure 95 United Technologies Corporation: SWOT Analysis
Figure 96 Emerson Electric Co.: Company Snapshot
Figure 97 Ingersoll Rand PLC.: Company Snapshot
Figure 98 Lennox International Inc.: Company Snapshot

Note: Product cover images may vary from those shown
3 of 4

FEATURED COMPANIES

  • Delta Controls Inc.
  • Distech Controls Inc.
  • Emerson Electric Co.
  • Ingersoll Rand PLC.
  • Johnson Controls, Inc.
  • KMC Controls, Inc.
  • MORE

The HVAC controls market is expected to reach USD 17.51 Billion by 2022 at a CAGR of 10.8% between 2016 & 2022. The growth of the market is driven by factors such as the increasing demand for improved energy-efficient devices and low environmental impact with the use of HVAC controls, increasing use of IP technology, growing number of construction activities, and increased legislation and energy management initiatives. Factors such as high level of efficiency through wireless controls & sensors and tax reduction offered by government for the implementation of HVAC controls are also supporting the growth of this market.

The HVAC controls market for the commercial and residential buildings applications is expected to grow at a high CAGR as compared to that for the industrial buildings application. Building owners are implementing HVAC systems to reduce energy consumption and increase energy efficiency to reduce energy costs. There are a number of government regulations encouraging the implementation of HVAC controls in existing and new residential buildings. Furthermore, several governments offer tax credit on the installation of HVAC controls, which has further accelerated the adoption rate of HVAC controls in the residential buildings application.

The market for integrated control systems is growing because of their benefit of providing various controls such as temperature, ventilation, and humidity controls through a single device. It is majorly used in the industrial buildings application where there is a need to maintain the temperature according to the manufacturing process, the requirement of the products being manufactured, and the raw materials stored. The market for integrated control systems is expected to grow at the highest CAGR since these systems help in identifying and collecting data regarding the requirement of the environment to be maintained in that area and automatically maintain the environment at appropriate levels.

Asia-Pacific held the largest share of the market in 2015 and it is expected to grow at a high CAGR between 2016 and 2022. The growing industrial activities in APAC, the increasing demand for smart devices to handle HVAC controls, increasing population and raising per capita income, and the increasing urbanization are the major factors driving this market in APAC. The market for sensors is expected to grow at highest CAGR during the forecast period owing to the continuous developments taking place in this technology.

The major restraints for the development of the HVAC controls market are the lack of awareness regarding the benefits of HVAC controls, low cost of energy in the U.S., and substitution from wired to wireless network. There is low awareness regarding the cost-related benefits and environmentally friendly features of HVAC controls. Honeywell International Inc. (U.S.) invests heavily in R&D for designing innovative products to match the market needs and explore new opportunities to drive the growth and profitability. The company is focusing on new product developments and acquisitions as the major growth strategies. In February 2016, the company launched a new app which would provide managers with real-time data and analysis of a plant on their smartphones. In January 2016, it acquired Elster Division of Melrose Industries PLC (U.S.), one of the leading providers of thermal gas solutions for commercial, industrial, and residential heating systems.

Exteneded Description

"HVAC Controls Market by System (Temperature, Ventilation, Humidity & Integrated Controls), Component (Sensors and Controllers & Controlled Devices), Revenue Source (HVAC Controls & BEMS), Application, and Geography - Global Trend and Forecast to 2022"

The base year considered for the study is 2015 and the forecast period is considered between 2016 and 2022. This report provides a detailed analysis of the HVAC controls market based on system, revenue source, component, application, and geography. The market for the commercial buildings application is expected to hold a large share of the market because of the government regulations and tax credit schemes which are boosting the adoption of HVAC controls. The market for the commercial and residential buildings applications are expected to witness high CAGR between 2016 and 2022.

The research methodology used to estimate and forecast the HVAC controls market begins with capturing data on key vendor revenue through the secondary research. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the HVAC controls market from the revenue of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through the primary research by conducting extensive interviews with people holding key positions such as CEOs, VPs, directors, and executives. Market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

The ecosystem of the HVAC controls market includes component suppliers, product manufacturers, distributors, system integrators, and service providers. The companies involved in the development of HVAC controls include Delta Controls Inc. (U.S.), Distech Controls Inc. (U.S.), Emerson Electric Co. (U.S.), Honeywell International Inc. (U.S.), Ingersoll Rand Plc. (Ireland), Johnson Controls, Inc. (U.S.), KMC Controls Inc. (U.S.), Lennox International Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), and United Technologies Corporation (U.S.).

Key Target Audience

- End users of HVAC controls and products
- HVAC controls standard organizations and regulatory authorities
- Original equipment manufacturers (OEMs)
- Product manufacturers and suppliers
- Research organizations
- Service providers
- Technology investors

The study answers several questions for the target audiences, primarily, which market segments to focus on in the next two to five years for prioritizing efforts and investments.

Scope of the Report:

This research report categorizes the global HVAC controls market on the basis of system, component, revenue source, application, and geography.

By System:

- Temperature Control
- Ventilation Control
- Humidity Control
- Integrated Control

By Component:

- Sensors
- - By Sensor Type
- Controllers & Controlled Devices
- - Controlled Equipment
- - - Control Valves
- - - Heating and Cooling Coils
- - - Dampers
- - - Actuators
- - - Pumps & Fans
- - Smart Vents
- - Controllers
- - - VAV Controllers
- - - FCU Controllers

By Revenue Source:

- HVAC Controls
- Building Energy Management Systems (BEMS)

By Application:

- Residential Buildings
- Industrial Buildings
- Commercial Buildings
- - Office Buildings
- - Education Centers
- - Healthcare Centers
- - Hospitality Centers
- - Retail Centers
- - Others

By Geography:

- North America
- Europe
- APAC
- RoW

Note: Product cover images may vary from those shown
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- Delta Controls Inc.
- Distech Controls Inc.
- Emerson Electric Co.
- Honeywell International Inc.
- Ingersoll Rand PLC.
- Johnson Controls, Inc.
- KMC Controls, Inc.
- Lennox International Inc.
- Schneider Electric SE
- Siemens AG
- United Technologies Corporation

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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