Global HVAC Controls Market is accounted for $14.8 billion in 2020 and is expected to reach $37.97 billion by 2028 growing at a CAGR of 12.5% during the forecast period. Emergence of IoT-enabled HVAC systems and increasing awareness of energy conservation and efficiency is driving the market growth.
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By geography, Asia Pacific is going to have high growth during the forecast period as technological advancements and inclination towards the use of energy-efficient products fuel the growth of the HVAC controls market in Asia Pacific. The growing population in developing countries in this region, along with environmental awareness, is supporting the adoption of HVAC controls. The rise in the adoption of green buildings and government initiatives to regulate energy-efficient practices across the commercial sector is also aiding the adoption of HVAC controls in this region.
Some of the key players profiled in the HVAC Controls Market include Schneider Electric, Siemens AG, Honeywell International Inc, Emerson Electric, Trane Technologies Plc, LG Electronics, Jackson Systems, Delta Controls, CoolAutomation, Innotech, Computrols, Danfoss, Daikin Industries, Ltd., Apollo America and Lennox International Inc.
Controls Covered in HVAC Controls Market
• Cleaning & Air Movement
• Cooling
• Heating
• Humidfying & Dehumidfying
• Ventilating
Control Systems Covered:
• Temperature Control Systems
• Humidity Control Systems
• Integrated Control Systems
• Ventilation Control Systems
Implementations Covered:
• New Construction
• Retrofit
Components Covered:
• Controllers & Controlled Devices
• Sensors
Control Loops Covered:
• Open-Loop Control
• Closed-Loop Control
Systems Covered:
• Electric/Electronic Systems
• Pneumatic Systems
• Direct Acting Systems
Applications Covered:
• Industrial
• Residential
• Commercial
• Pharmaceutical
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