The South America HVAC controls market is expected to grow from US$ 450.06 million in 2022 to US$ 1,102.18 million by 2028; it is estimated to grow at a CAGR of 16.1% from 2022 to 2028.
Cloud computing aids in data storage, process execution, and business operation by enabling internet servers to function across a distant area. It has developed into a catalyst for IT innovation in many businesses. Contractors maintain a range of data in HVAC systems, including information about HVAC loads, building equipment, bids, and maintenance activities, which are produced in several separate systems. Manually gathering such data increases the chance of data loss and the likelihood of misinterpretation. A single platform, such as cloud computing, can be utilized to address this issue and enable access to everyone involved in the project. A cloud platform simplifies updating information about the project, customer requirements, and equipment and control selection. The same information can also be referred to in the future. Cloud computing has made following laws, selecting energy-efficient HVAC systems and controls, assessing HVAC load, storing sales data, and preserving data for technicians a lot easier. Thus, rising adoption of cloud computing in HVAC is likely to create opportunity in HVAC controls market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America HVAC controls market. The South America HVAC controls market is expected to grow at a good CAGR during the forecast period.
Carrier Global Corporation; DAIKIN INDUSTRIES, Ltd.; Delta Controls; Distech Control; Emerson Electric Co.; Honeywell International Inc.; Johnson Controls, Inc.; Schneider Electric SE; Siemens AG; and Lennox International Inc. by Altair are among the leading companies in the South America HVAC controls market.
Cloud computing aids in data storage, process execution, and business operation by enabling internet servers to function across a distant area. It has developed into a catalyst for IT innovation in many businesses. Contractors maintain a range of data in HVAC systems, including information about HVAC loads, building equipment, bids, and maintenance activities, which are produced in several separate systems. Manually gathering such data increases the chance of data loss and the likelihood of misinterpretation. A single platform, such as cloud computing, can be utilized to address this issue and enable access to everyone involved in the project. A cloud platform simplifies updating information about the project, customer requirements, and equipment and control selection. The same information can also be referred to in the future. Cloud computing has made following laws, selecting energy-efficient HVAC systems and controls, assessing HVAC load, storing sales data, and preserving data for technicians a lot easier. Thus, rising adoption of cloud computing in HVAC is likely to create opportunity in HVAC controls market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America HVAC controls market. The South America HVAC controls market is expected to grow at a good CAGR during the forecast period.
South America HVAC Controls Market Segmentation
The South America HVAC controls market is segmented based on by component type, installation, system, end user, and country. Based on component, the South America HVAC controls market is divided into sensors, controllers, smart vents, and others. The smart vents segment dominated the South America HVAC controls market in 2022. Based on installation, the South America HVAC controls market is categorized into new installation and retrofit. The new installation segment dominated the South America HVAC controls market in 2022. Based on system, the South America HVAC controls market is categorized into temperature control system, humidity control system, ventilation control system, and integrated control system. The humidity control system segment dominated the South America HVAC controls market in 2022. Based on end user, the South America HVAC controls market is categorized into residential, commercial, and industrial. The commercial segment dominated the South America HVAC controls market in 2022. Based on country, the South America HVAC controls market is segmented into Brazil, Argentina, and Rest of South America. Brazil dominated the South America HVAC controls market in 2022.Carrier Global Corporation; DAIKIN INDUSTRIES, Ltd.; Delta Controls; Distech Control; Emerson Electric Co.; Honeywell International Inc.; Johnson Controls, Inc.; Schneider Electric SE; Siemens AG; and Lennox International Inc. by Altair are among the leading companies in the South America HVAC controls market.
Table of Contents
1. Introduction
3. Research Methodology
4. SAM HVAC Controls Market Landscape
5. SAM HVAC Controls Market - Key Market Dynamics
6. HVAC Controls Market - SAM Market Analysis
7. SAM HVAC Controls Market - Component
8. SAM HVAC Controls Market - Installation Type
9. SAM HVAC Controls Market - System
10. SAM HVAC Controls Market Revenue and Forecast to 2028 - End User
11. SAM HVAC Controls Market - Country Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Carrier Global Corporation
- DAIKIN INDUSTRIES, Ltd.
- Delta Controls
- Distech Control
- Emerson Electric Co.
- Honeywell International Inc.
- Johnson Controls, Inc.
- Schneider Electric SE
- Siemens AG
- Lennox International Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | October 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 450.06 Million |
| Forecasted Market Value ( USD | $ 1102.18 Million |
| Compound Annual Growth Rate | 16.1% |
