HVAC Controls Market: By System, By Component, By Application and By Geography
HVAC Controls Market: By System, By Component, By Application and By Geography
HVAC Controls Market size was valued at US$ 16,287.9 Million in 2022 and is expected to grow at a significant CAGR of 10.2% from 2023 to 2029. The global market provides a detailed overview of the HVAC Controls Market and that can be segmented by System, Component, and Application. By system, the HVAC controls market has been segmented into Temperature Control Systems, Ventilation Control Systems, Humidity Control Systems, and Integrated Control Systems. Temperature Control Systems is likely to be the largest and fastest-growing segment in terms of system type. Based on component HVAC controls market is segmented into Sensors, Controllers, and Controlled Devices.Among these, the sensors segment is expected to have the fastest-growing market during the forecast period 2023-2029. Based on Application, the market is segmented into Residential, Commercial, and Industrial. The Residential segment accounts for the largest share in 2022. The commercial is the second-largest share during the forecast period 2023-2029 according to Precision Business Insights.
Study Period
2024-2030Base Year
2023CAGR
10.2%Largest Market
Asia PacificFastest Growing Market
Asia-Pacific
Rising investments by the corporate sector, increased construction activities, rapid industrialization, and the growth of the service sector are the key factors surge the growth of market in the future. Moreover, the pressing need for energy-efficient HVAC systems, growing replacement demand for HVAC systems, and surging infrastructure-based developments are expected to drive the industry growth over the forecast years.
hvac controls market is segmented into North America, South America, Europe, Asia Pacific and Middle East and Africa. Among these Asia Pacific is the largest region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
10.2% |
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By System |
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By Component |
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By Application |
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By Region |
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The HVAC Controls Market is projected to expand at a CAGR of 10.2% during the forecast period
The major players in the HVAC controls market are Carrier Global Corporation, Daikin Industries, Danfoss, Delta Controls, Emerson Electric, Honeywell International Inc, Johnson Controls, LG Electronics, Schneider Electric, Siemens
Asia-Pacific is the fastest-growing region for HVAC Controls Market
| 1. Executive Summary |
| 2. Global HVAC Controls Market Introduction |
| 2.1. Global HVAC Controls Market Taxonomy |
| 2.2. Global HVAC Controls Market Definitions |
| 2.2.1. By System |
| 2.2.2. By Component |
| 2.2.3. By Application |
| 2.2.4. By Geography |
| 3. Global HVAC Controls Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global HVAC Controls Market Dynamic Factors - Impact Analysis |
| 3.6. Global HVAC Controls Market Competition Landscape |
| 4. Global HVAC Controls Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global HVAC Controls Market, By System, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Temperature Control Systems |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Ventilation Control Systems |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Humidity Control Systems |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Integrated Control Systems |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global HVAC Controls Market Forecast, By Component Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1. Sensors |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Controllers and Controlled Devices |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global HVAC Controls Market, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. Residential |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Commercial |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Industrial |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Global HVAC Controls Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global HVAC Controls Market - Opportunity Analysis Index, By System, Component Type, Application and Region, 2023 - 2029 |
| 9. North America HVAC Controls Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. By System Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Temperature Control Systems |
| 9.1.2. Ventilation Control Systems |
| 9.1.3. Humidity Control Systems |
| 9.1.4. Integrated Control Systems |
| 9.2. Component Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Sensors |
| 9.2.2. Controllers and Controlled Devices |
| 9.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Residential |
| 9.3.2. Commercial |
| 9.3.3. Industrial |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America HVAC Controls Market - Opportunity Analysis Index, By System, Component Type, Application, and Country, 2023 - 2029 |
| 9.6. North America HVAC Controls Market Dynamics Trends |
| 10. Europe HVAC Controls Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. By System Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Temperature Control Systems |
| 10.1.2. Ventilation Control Systems |
| 10.1.3. Humidity Control Systems |
| 10.1.4. Integrated Control Systems |
| 10.2. Component Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Sensors |
| 10.2.2. Controllers and Controlled Devices |
| 10.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Residential |
| 10.3.2. Commercial |
| 10.3.3. Industrial |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Rest of Europe |
| 10.5. Europe HVAC Controls Market - Opportunity Analysis Index, By System, Component Type, Application, and Country, 2023 - 2029 |
| 10.6. Europe HVAC Controls Market Dynamics Trends |
| 11. Asia-Pacific HVAC Controls Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. By System Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Temperature Control Systems |
| 11.1.2. Ventilation Control Systems |
| 11.1.3. Humidity Control Systems |
| 11.1.4. Integrated Control Systems |
| 11.2. Component Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Sensors |
| 11.2.2. Controllers and Controlled Devices |
| 11.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Residential |
| 11.3.2. Commercial |
| 11.3.3. Industrial |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific HVAC Controls Market - Opportunity Analysis Index, By System, Component Type, Application, and Country, 2023 - 2029 |
| 11.6. Asia-Pacific HVAC Controls Market Dynamics Trends |
| 12. Latin America HVAC Controls Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. By System Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Temperature Control Systems |
| 12.1.2. Ventilation Control Systems |
| 12.1.3. Humidity Control Systems |
| 12.1.4. Integrated Control Systems |
| 12.2. Component Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Sensors |
| 12.2.2. Controllers and Controlled Devices |
| 12.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Residential |
| 12.3.2. Commercial |
| 12.3.3. Industrial |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America HVAC Controls Market - Opportunity Analysis Index, By System, Component Type, Application, and Country, 2023 - 2029 |
| 12.6. Latin America HVAC Controls Market Dynamics Trends |
| 13. Middle East and Africa HVAC Controls Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 13.1. By System Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Temperature Control Systems |
| 13.1.2. Ventilation Control Systems |
| 13.1.3. Humidity Control Systems |
| 13.1.4. Integrated Control Systems |
| 13.2. Component Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Sensors |
| 13.2.2. Controllers and Controlled Devices |
| 13.3. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Residential |
| 13.3.2. Commercial |
| 13.3.3. Industrial |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA HVAC Controls Market - Opportunity Analysis Index, By System, Component Type, Application, and Country, 2023 - 2029 |
| 13.6. MEA HVAC Controls Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Component Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Carrier Global Corporation |
| 14.2.2. Daikin Industries |
| 14.2.3. Danfoss |
| 14.2.4. Delta Controls |
| 14.2.5. Emerson Electric |
| 14.2.6. Honeywell International Inc |
| 14.2.7. Johnson Controls |
| 14.2.8. LG Electronics |
| 14.2.9. Schneider Electric |
| 14.2.10. Siemens |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
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