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Global HVAC Controls Market: By Control Loop Type: Open- Loop Control, Closed- Loop Control; By System; By Component; By Control System Type; By Implementation Type; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global HVAC Controls Market Outlook

The global HVAC controls market attained a value about USD 14.13 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 8.92% to reach nearly USD 23.58 billion by 2026.

 

Rising Deployment of HVAC Controls in Various Industries is Catalysing the Market Growth

The global market for HVAC controls is being driven by rapid industrialisation owing to the growing demand for cooling and heating equipment in several industries like mining and power generation. The introduction of stringent government regulations to combat increasing pollution levels is prompting various industries and commercial organisations to install HVAC control in their operating areas to reduce utility bills, thus fuelling the industry growth.

 

Global HVAC Controls Market

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The HVAC controls industry is anticipated to witness significant growth owing to the introduction of various government policies aimed at a clean, green, and sustainable environment. Moreover, several governments are offering favourable incentives to promote the use of energy-saving infrastructure in both commercial and residential spaces, which is expected to bolster the industry growth. The demand for HVAC control systems is also expected to soar due to the development of technologically advanced smart controls to automate the control systems. Furthermore, the increasing replacement activities of old control systems with more efficient, more intelligent, and more sophisticated controllers due to their advanced properties are also expected to bolster the market for HVAC controls in the forecast period.

 

HVAC Controls: Industry Definition and Segmentation

HVAC controls, variously known as heating, ventilation, and air conditioning controls, are equipment that regulates the heating and cooling conditions to aid in maintaining optimal temperature in enclosed spaces. A sensing tool typically compares the actual temperature of the spaces with a target temperature to enable the control system to initiate an action.

The major control loop types of HVAC controls are:

  • Open-Loop Control
  • Closed-Loop Control

Based on systems, the market is divided into:

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

By component, the industry is bifurcated into:

  • Sensors
  • Controllers and Controlled Devices

The market, based on control system type, can be classified into:

  • Direct Acting Systems
  • Electric/Electronic Systems
  • Pneumatic Systems

On the basis of implementation type, the HVAC controls industry is segmented into:

  • New construction
  • Retrofit

The market can be broadly categorised on the basis of its applications into:

  • Residential 
  • Commercial
  • Industrial

The EMR report looks into the regional markets of HVAC controls like North America, Europe, the Asia pacific, Latin America, and the Middle East and Africa.

 

Rapid Urbanisation and Industrialisation in Developing Economies to Augment the Growth of the HVAC Controls Industry

The increasing demand for remote control systems, which can be controlled easily is leading to a surge in investments in HVAC controls by industrial, residential, and commercial end users. This, in turn, is increasing research activities for the development of innovative HVAC control systems. The expansion of infrastructure of industrial, residential, and commercial buildings is further adding to the demand for HVAC controls. Furthermore, the exponential population growth in developing economies such as China, India, Brazil, and Mexico, among others is resulting in rapid urbanisation and industrialisation, which is surging the demand for HVAC controls.

The growing demand for HVAC controls can be attributed to rising disposable incomes and increasing consumer spending, across major economies, hence catalysing the market growth. In addition, rapid climate change is one of the major factors that is augmenting the demand for HVAC. As climate change is resulting in uncertain climate conditions and rising global temperature, HVAC controls equipment are increasingly deployed in residential spaces to enhance air quality. Furthermore, increasing demand for cloud computing in HVAC is expected to drive the market growth in the coming years.

 

Key Industry Players in the Global HVAC Controls Market

The report presents a detailed analysis of the following key players in the global HVAC controls market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Honeywell International Inc.
  • Siemens AG
  • Emerson Electric Co.
  • Schneider Electric SE
  • Lennox International Inc.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Control Loop Type, System, Component, Control System Type, Implementation Type, Application, Region
Breakup by Control Loop Type  Open- Loop Control, Closed- Loop Control
Breakup by System Temperature Control Systems, Ventilation Control Systems, Humidity Control Systems, Integrated Control Systems
Breakup by Component  Sensors, Controllers and Controlled Devices
Breakup by Control System Type Direct Acting Systems, Electric/Electronic Systems, Pneumatic Systems 
Breakup by Implementation Type New Construction, Retrofit
Breakup by Application Residential, Commercial, Industrial
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Honeywell International Inc., Siemens AG, Emerson Electric Co., Schneider Electric SE, Lennox International Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global HVAC Controls Market Analysis

    8.1    Key Industry Highlights
    8.2    Global HVAC Controls Historical Market (2016-2020) 
    8.3    Global HVAC Controls Market Forecast (2021-2026)
    8.4    Global HVAC Controls Market by Control Loop Type 
        8.4.1    Open- Loop Control 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Closed- Loop Control 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global HVAC Controls Market by System
        8.5.1    Temperature Control Systems
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Ventilation Control Systems
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Humidity Control Systems
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Integrated Control Systems
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
    8.6    Global HVAC Controls Market by Component 
        8.6.1    Sensors
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Controllers and Controlled Devices
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global HVAC Controls Market by Control System Type
        8.7.1    Direct Acting Systems
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Electric/Electronic Systems
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Pneumatic Systems 
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
    8.8    Global HVAC Controls Market by Implementation Type
        8.8.1    New Construction
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
        8.8.2    Retrofit 
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
    8.9    Global HVAC Controls Market by Application
        8.9.1    Residential 
            8.9.1.1    Market Share
            8.9.1.2    Historical Trend (2016-2020)
            8.9.1.3    Forecast Trend (2021-2026)
        8.9.2    Commercial
            8.9.2.1    Market Share
            8.9.2.2    Historical Trend (2016-2020)
            8.9.2.3    Forecast Trend (2021-2026)
        8.9.3    Industrial
            8.9.3.1    Market Share
            8.9.3.2    Historical Trend (2016-2020)
            8.9.3.3    Forecast Trend (2021-2026)
    8.10    Global HVAC Controls Market by Region
        8.10.1    Market Share
            8.10.1.1    North America
            8.10.1.2    Europe
            8.10.1.3    Asia Pacific
            8.10.1.4    Latin America
            8.10.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Honeywell International Inc.
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Siemens AG
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3      Emerson Electric Co.
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Schneider Electric SE
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Lennox International Inc.
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Others
14    Industry Events and Developments

 

List of Figures and Tables

1.    Global HVAC Controls Market: Key Industry Highlights, 2016 and 2026
2.    Global HVAC Controls Historical Market: Breakup by Control Loops Type (USD Billion), 2016-2020
3.    Global HVAC Controls Market Forecast: Breakup by Control Loops Type (USD Billion), 2021-2026
4.    Global HVAC Controls Historical Market: Breakup by Systems (USD Billion), 2016-2020
5.    Global HVAC Controls Market Forecast: Breakup by Systems (USD Billion), 2021-2026
6.    Global HVAC Controls Historical Market: Breakup by Components (USD Billion), 2016-2020
7.    Global HVAC Controls Market Forecast: Breakup by Components (USD Billion), 2021-2026
8.    Global HVAC Controls Historical Market: Breakup by Control System Type (USD Billion), 2016-2020
9.    Global HVAC Controls Market Forecast: Breakup by Control System Type (USD Billion), 2021-2026
10.    Global HVAC Controls Historical Market: Breakup by Implementation Type (USD Billion), 2016-2020
11.    Global HVAC Controls Market Forecast: Breakup by Implementation Type (USD Billion), 2021-2026
12.    Global HVAC Controls Historical Market: Breakup by Application (USD Billion), 2016-2020
13.    Global HVAC Controls Market Forecast: Breakup by Application (USD Billion), 2021-2026
14.    Global HVAC Controls Historical Market: Breakup by Region (USD Billion), 2016-2020
15.    Global HVAC Controls Market Forecast: Breakup by Region (USD Billion), 2021-2026
16.    North America HVAC Controls Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    North America HVAC Controls Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Europe HVAC Controls Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Europe HVAC Controls Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Asia Pacific HVAC Controls Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Asia Pacific HVAC Controls Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Latin America HVAC Controls Historical Market: Breakup by Country (USD Billion), 2016-2020
23.    Latin America HVAC Controls Market Forecast: Breakup by Country (USD Billion), 2021-2026
24.    Middle East and Africa HVAC Controls Historical Market: Breakup by Country (USD Billion), 2016-2020
25.    Middle East and Africa HVAC Controls Market Forecast: Breakup by Country (USD Billion), 2021-2026
26.    North America Historical Price Trends and Forecast 2016-2026
27.    Europe Historical Price Trends and Forecast 2016-2026
28.    Asia Pacific Historical Price Trends and Forecast 2016-2026
29.    Latin America Historical Price Trends and Forecast 2016-2026
30.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
31.    Global HVAC Controls Market Structure

Key Questions Answered in the Report

The global HVAC controls market attained a value of nearly USD 14.13 billion in 2020.

The market is projected to grow at a CAGR of 8.92% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 23.58 billion by 2026.

The market is being driven by the growing demand for cooling and heating equipment in various industries and the introduction of various favourable governments’ initiatives to boost the use of HVAC systems.

The industry is expected to be fuelled by rapid urbanisation and industrialisation and the increasing deployment of HVAC systems in the domestic sector.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The various control loop types of HVAC controls in the industry are open-loop control and closed-loop control.

The major systems of HVAC controls are temperature control systems, ventilation control systems, humidity control systems, and integrated control systems.

The different components of HVAC controls in the industry are sensors, controllers and controlled devices.

The significant control system types of HVAC controls in the industry are direct acting systems, electric/electronic systems, and pneumatic system.

The various implementation types of HVAC controls are new construction and retrofit.

The major application segments of HVAC controls in the industry are residential, commercial, and industrial.

The major players in the industry are Honeywell International Inc, Siemens AG, Emerson Electric Co, Schneider Electric SE, and Lennox International Inc, among others.

Analyst Review

The global HVAC controls market attained a value of about USD 14.13 billion in 2020, driven by the growing demand for cooling and heating equipment in various industries. Aided by the increasing deployment of HVAC systems in the domestic sector, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 8.92%. The market is projected to reach approximately USD 23.58 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on control loop types, the global HVAC controls industry can be segmented into open-loop control and closed-loop control. On the basis of system, the market can be divided into temperature control systems, ventilation control systems, humidity control systems, and integrated control systems. By component, market is divided into sensors, and controllers and controlled devices. On the basis of control system type, the market is categorised into direct acting systems, electric/electronic systems, and pneumatic system. Based on implementation type, HVAC controls industry is segmented into new construction and retrofit. By application, the industry is divided into residential, commercial, and industrial. The major regional markets for HVAC controls are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Honeywell International Inc., Siemens AG, Emerson Electric Co., Schneider Electric SE, and Lennox International Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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