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HVAC Controls Market

Global HVAC Controls Market Size, Share, Growth, Analysis: By Control Loop Type: Open- Loop Control, Closed- Loop Control; By System: Temperature Control Systems, Ventilation Control Systems, Others; By Component; By Control System Type; By Implementation Type; By Application; Regional Analysis; Competitive Landscape; 2024-2032

Global HVAC Controls Market Outlook

The global HVAC controls market attained a value about USD 18.25 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.92% to reach nearly USD 39.37 billion by 2032.    

 

Global HVAC Controls Market

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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. 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 Market 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.

 

Global HVAC Controls Market by Segment

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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.

 

Global HVAC Controls Market by Region

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global HVAC Controls Market Analysis

    8.1    Key Industry Highlights
    8.2    Global HVAC Controls Historical Market (2018-2023) 
    8.3    Global HVAC Controls Market Forecast (2024-2032)
    8.4    Global HVAC Controls Market by Control Loop Type 
        8.4.1    Open- Loop Control 
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Closed- Loop Control 
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global HVAC Controls Market by System
        8.5.1    Temperature Control Systems
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Ventilation Control Systems
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Humidity Control Systems
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Integrated Control Systems
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
    8.6    Global HVAC Controls Market by Component 
        8.6.1    Sensors
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Controllers and Controlled Devices
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global HVAC Controls Market by Control System Type
        8.7.1    Direct Acting Systems
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Electric/Electronic Systems
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Pneumatic Systems 
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
    8.8    Global HVAC Controls Market by Implementation Type
        8.8.1    New Construction
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Retrofit 
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
    8.9    Global HVAC Controls Market by Application
        8.9.1    Residential 
            8.9.1.1    Historical Trend (2018-2023)
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Commercial
            8.9.2.1    Historical Trend (2018-2023)
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Industrial
            8.9.3.1    Historical Trend (2018-2023)
            8.9.3.2    Forecast Trend (2024-2032)
    8.10    Global HVAC Controls Market by Region
        8.10.1    North America
            8.10.1.1    Historical Trend (2018-2023) 
            8.10.1.2    Forecast Trend (2024-2032)
        8.10.2    Europe
            8.10.2.1    Historical Trend (2018-2023) 
            8.10.2.2    Forecast Trend (2024-2032)
        8.10.3    Asia Pacific
            8.10.3.1    Historical Trend (2018-2023) 
            8.10.3.2    Forecast Trend (2024-2032)
        8.10.4    Latin America
            8.10.4.1    Historical Trend (2018-2023) 
            8.10.4.2    Forecast Trend (2024-2032)
        8.10.5    Middle East and Africa
            8.10.5.1    Historical Trend (2018-2023) 
            8.10.5.2    Forecast Trend (2024-2032)
9    North America HVAC Controls Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe HVAC Controls Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific HVAC Controls Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America HVAC Controls Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa HVAC Controls Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis
17    Competitive Landscape

    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Honeywell International Inc.
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Siemens AG
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Emerson Electric Co.
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Schneider Electric SE
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Lennox International Inc.
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Others
18    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global HVAC Controls Market: Key Industry Highlights, 2018 and 2032
2.    Global HVAC Controls Historical Market: Breakup by Control Loops Type (USD Billion), 2018-2023
3.    Global HVAC Controls Market Forecast: Breakup by Control Loops Type (USD Billion), 2024-2032
4.    Global HVAC Controls Historical Market: Breakup by Systems (USD Billion), 2018-2023
5.    Global HVAC Controls Market Forecast: Breakup by Systems (USD Billion), 2024-2032
6.    Global HVAC Controls Historical Market: Breakup by Components (USD Billion), 2018-2023
7.    Global HVAC Controls Market Forecast: Breakup by Components (USD Billion), 2024-2032
8.    Global HVAC Controls Historical Market: Breakup by Control System Type (USD Billion), 2018-2023
9.    Global HVAC Controls Market Forecast: Breakup by Control System Type (USD Billion), 2024-2032
10.    Global HVAC Controls Historical Market: Breakup by Implementation Type (USD Billion), 2018-2023
11.    Global HVAC Controls Market Forecast: Breakup by Implementation Type (USD Billion), 2024-2032
12.    Global HVAC Controls Historical Market: Breakup by Application (USD Billion), 2018-2023
13.    Global HVAC Controls Market Forecast: Breakup by Application (USD Billion), 2024-2032
14.    Global HVAC Controls Historical Market: Breakup by Region (USD Billion), 2018-2023
15.    Global HVAC Controls Market Forecast: Breakup by Region (USD Billion), 2024-2032
16.    North America HVAC Controls Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    North America HVAC Controls Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Europe HVAC Controls Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Europe HVAC Controls Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Asia Pacific HVAC Controls Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Asia Pacific HVAC Controls Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Latin America HVAC Controls Historical Market: Breakup by Country (USD Billion), 2018-2023
23.    Latin America HVAC Controls Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.    Middle East and Africa HVAC Controls Historical Market: Breakup by Country (USD Billion), 2018-2023
25.    Middle East and Africa HVAC Controls Market Forecast: Breakup by Country (USD Billion), 2024-2032
26.    North America Historical Price Trends and Forecast 2018-2028
27.    Europe Historical Price Trends and Forecast 2018-2028
28.    Asia Pacific Historical Price Trends and Forecast 2018-2028
29.    Latin America Historical Price Trends and Forecast 2018-2028
30.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
31.    Global HVAC Controls Market Structure

Key Questions Answered in the Report

The global HVAC controls market attained a value of nearly USD 18.25 billion in 2023.

The market is projected to grow at a CAGR of 8.92% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 39.37 billion by 2032.    

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

The key trends of the market include the rapid urbanisation and industrialisation and the increasing deployment of HVAC systems in the domestic sector.

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

The leading control loop types of HVAC controls in the market 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 market are sensors, controllers and controlled devices.

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

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

The major applications of HVAC controls in the market are residential, commercial, and industrial.

The key players in the global HVAC controls market 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 18.25 billion in 2023, 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 2024-2032, growing at a CAGR of 8.92%. The market is projected to reach approximately USD 39.37 billion by 2032.    

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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