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HVAC Control Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global HVAC control market reached a value of US$ 14.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 21.3 Billion by 2027 exhibiting a CAGR of 5.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

The heating, ventilation, and air conditioning (HVAC) control system is an automated mechanism used to regulate operations of heating and cooling conditions. They consist of control valves, sensors, energy sources and controlled devices. Ventilation, humidity, temperature and integrated are some of the commonly available HVAC systems. They are widely used to monitor and control HVAC performance and provide a comfortable environment by maintaining optimal temperature in enclosed spaces. HVAC control systems are equipped with sensing devices that compare the actual temperature of the area with a target temperature to enable the control systems to initiate an action. Some of the commonly used control systems include electronic, pneumatic and direct-acting systems. As a result, HVAC control units are widely used across various industry verticals such as hospitality, enterprises, retail and residential.

 

 
 

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HVAC Control Market Trends:

The significant growth in the construction of commercial, industrial and residential buildings across the globe is one of the key factors creating a positive outlook for the market. HVAC control systems are widely used due to the increasing demand for enhanced air quality, performance and environmental issues. In line with this, the rising demand for remote access control systems for energy efficiency, streamlining operations and cost-effectiveness are favoring the market growth. Moreover, various technological advancements, such as the integration of smart devices with motion sensors and the Internet of Things (IoT), are providing an impetus to the market growth. These technologies assist in detecting occupancy within the building and turning the heating or cooling system down to lower power usage when no movement is detected for a prolonged period of time. In addition to this, the introduction of green technology due to the rising environmental concerns among consumers is positively impacting the market growth. Other factors, including rising expenditure capacities and the implementation of various government initiatives to promote energy-efficient buildings, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global HVAC control market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, implementation type, system and end user.

Breakup by Component:

  • Sensors
  • Controllers and Controlled Devices
     

Breakup by Implementation Type:

  • New Construction
  • Retrofit
     

Breakup by System:

 

 
 

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  • Temperature Control Systems
  • Ventilation Control Systems
  • Humidity Control Systems
  • Integrated Control Systems
     

Breakup by End User:

  • Residential
  • Commercial
  • Industrial
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Azbil Corporation, Carrier Global Corporation, Computrols Inc., Daikin Industries Ltd, Danfoss, Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International, KMC Controls, Schneider Electric SE and Siemens AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Implementation Type, System, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Azbil Corporation, Carrier Global Corporation, Computrols Inc., Daikin Industries Ltd, Danfoss, Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International, KMC Controls, Schneider Electric SE and Siemens AG.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global HVAC control market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global HVAC control market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the implementation type?
  • What is the breakup of the market based on the system?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global HVAC control market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global HVAC Control Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Sensors
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Controllers and Controlled Devices
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Implementation Type
    7.1    New Construction
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Retrofit
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by System
    8.1    Temperature Control Systems
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Ventilation Control Systems
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Humidity Control Systems
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Integrated Control Systems
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by End User
    9.1    Residential
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Commercial
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Industrial
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Azbil Corporation
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
        15.3.2    Carrier Global Corporation
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
        15.3.3    Computrols Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Daikin Industries Ltd
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Danfoss
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 SWOT Analysis
        15.3.6    Delta Electronics Inc.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Emerson Electric Co.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Honeywell International Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Johnson Controls International
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    KMC Controls
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    Schneider Electric SE
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Siemens AG
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: HVAC Control Market: Major Drivers and Challenges
Figure 2: Global: HVAC Control Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: HVAC Control Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: HVAC Control Market: Breakup by Component (in %), 2021
Figure 5: Global: HVAC Control Market: Breakup by Implementation Type (in %), 2021
Figure 6: Global: HVAC Control Market: Breakup by System (in %), 2021
Figure 7: Global: HVAC Control Market: Breakup by End User (in %), 2021
Figure 8: Global: HVAC Control Market: Breakup by Region (in %), 2021
Figure 9: Global: HVAC Control (Sensors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: HVAC Control (Sensors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: HVAC Control (Controllers and Controlled Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: HVAC Control (Controllers and Controlled Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: HVAC Control (New Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: HVAC Control (New Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: HVAC Control (Retrofit) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: HVAC Control (Retrofit) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: HVAC Control (Temperature Control Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: HVAC Control (Temperature Control Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: HVAC Control (Ventilation Control Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: HVAC Control (Ventilation Control Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: HVAC Control (Humidity Control Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: HVAC Control (Humidity Control Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: HVAC Control (Integrated Control Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: HVAC Control (Integrated Control Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: HVAC Control (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: HVAC Control (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: HVAC Control (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: HVAC Control (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: HVAC Control (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: HVAC Control (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: HVAC Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: HVAC Control Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: HVAC Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: HVAC Control Industry: SWOT Analysis
Figure 81: Global: HVAC Control Industry: Value Chain Analysis
Figure 82: Global: HVAC Control Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: HVAC Control Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: HVAC Control Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: HVAC Control Market Forecast: Breakup by Implementation Type (in Million US$), 2022-2027
Table 4: Global: HVAC Control Market Forecast: Breakup by System (in Million US$), 2022-2027
Table 5: Global: HVAC Control Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: HVAC Control Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: HVAC Control Market: Competitive Structure
Table 8: Global: HVAC Control Market: Key Players


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