Global HVAC Controls Market (2021-2026) by Application Type, System Type, Component Type, Implementation Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global HVAC Controls Market is estimated to be USD 14.6 Bn in 2021 and is expected to reach USD 28.31 Bn by 2026, growing at a CAGR of 14.16%.

Market Dynamics

The factors driving the global HVAC Controls Market due to increasing adoption from the construction sector. The need for energy-efficient building, growing demand for HVAC Systems. The developing smart home solutions and the growing Internet of Things (IoT) enabled HVAC Controls Systems are critical factors that help increase the market's growth. On the other hand, high costs associated with system installation and lack of awareness among end-users related to adoption and benefits of HVAC Controls Systems or Solutions. Furthermore, system complexities such as technical complexities associated with upgrading existing HVAC systems will also affect the market’s growth.

Moreover, technological advancements such as data storage equipment in HVAC. The HVAC loads, increasing demand for cloud computing systems, integrating smart devices with motion sensors in HVAC Systems, Artificial Intelligence, and latest networking and environmental benefits provided by the systems are factors creating opportunities for the market to grow in the forecasted period.

Market Segmentation

• The Global HVAC Controls Distributed Acoustic Sensing (DAS) Market is segmented further based on Application Type, System Type, Component Type, Implementation Type, and Geography.
• By Application Type, the market is classified into Residential, Commercials, and Industrial.
• By System Type, the HVAC Controls is classified into Temperature Controls System, Ventilation Controls Systems, Humidity Controls Systems, and Integrated Controls Systems.
• By Components Type, the HVAC Controls is classified into Sensors, Controllers, and Controlled Devices.
• By Implementation Type, the HVAC Controls is classified into New Construction and Retrofit.
• By Geography, Asia Pacific is projected to lead the market.

Recent Developments

1. Carrier Global Corporation collaborate Huadian Corporation to provide 15 AquaEdge® 19XR centrifugal chillers for the Guangzhou Wanbo Central Energy Station- September 27, 2021
2. Carrier Global Corporation launched Toshiba Carrier touchscreen controller for variable refrigerant flow systems in North America, which is also accessible to VRF, System-September 22, 2021
3. Distech Controls, Inc collaborates with Ecole de technologies superieure (ETS) and Laboratory of Imaging, Vision, and Artificial Intelligence (LIVIA) for developing machine learning solutions to control connected buildings-August 23, 2021
4. Lennox International, Inc introduced Ultimate Indoor Air Quality Systems for rooftop unit-June 9, 2021

Company Profiles

Some of the companies covered in this report are Carrier Global Corporation, Delta Controls, Inc, Distech Controls, Emerson Electric Co, Honeywell International, Inc, Johnson Controls International, Lennox International, Inc, Schneider Electric SA, Siemens AG, Trane Technologies plc, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global HVAC Controls Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market