HVAC Controls Market: By System, By Component, By Application and Region Forecast 2020-2031

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HVAC Controls Market Size, Share, Growth, Trends, and Global Industry Analysis: By System (Temperature Control Systems, Ventilation Control Systems, Humidity Control Systems, Integrated Control Systems), By Component (Sensors, Controllers and Controlled Devices), By Application (Residential, Commercial, Industrial) and Region Forecast 2020-2031

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HVAC Controls Market size was valued at US$ 23.1 billion in 2024 and is expected to reach US$ 45.0 billion by 2031, growing at a significant CAGR of 10.0% from 2025-2031. The global market provides a detailed overview of the market and that can be segmented by System, Component, and Application. By system, the 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 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.

Key Developments

  • In July 2020, J2 Innovations, a siemens company, the developer of a software platform for building automation and IoT applications, partnered with Clivet SpA to develop innovative HVAC plant and building optimization solutions.

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Hvac Controls Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

10.0%

Largest Market

Asia-Pacific

Fastest Growing Market

Asia-Pacific

HVAC Controls Market Dynamics

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 Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2024

US$ 23.1 billion

Market Size in 2031

US$ 45.0 billion

Market CAGR

10.0%

By System

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

By Component

  • Sensors
  • Controllers and Controlled Devices

By Application

  • Residential Commercial Industrial

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The hvac controls market report provides granular level information about the market size, regional market share, historic market (2020-2024), and forecast (2025-2031)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startups details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis

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Frequently Asked Questions

HVAC controls market size was valued at US$ 23.1 billion in 2024 and is expected to reach US$ 45.0 billion by 2031, growing at a significant CAGR of 10.0%.

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, 2020-2024 and Forecast 2025-2031
4.1. Market Analysis,2020-2024 and Forecast 2025-2031 (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, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn)
5.1. Temperature Control Systems
5.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (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, 2020-2024 and Forecast 2025-2031 (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, 2020-2024 and Forecast 2025-2031 (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, 2020-2024 and Forecast 2025-2031 (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, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn)
6.1. Sensors
6.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (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, 2020-2024 and Forecast 2025-2031 (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, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn)
7.1. Residential
7.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (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, 2020-2024 and Forecast 2025-2031 (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, 2020-2024 and Forecast 2025-2031 (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, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (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, 2020-2024 and Forecast 2025-2031 (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, 2020-2024 and Forecast 2025-2031 (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, 2020-2024 and Forecast 2025-2031 (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, 2020-2024 and Forecast 2025-2031 (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, 2024-2030
9. North America HVAC Controls Market Analysis,2020-2024 and Forecast 2025-2031 (Revenue, USD Mn)
9.1. By System Analysis 2019-2023 and Forecast 2024-2030by 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030by 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, 2024-2030
9.6. North America HVAC Controls Market Dynamics Trends
10. Europe HVAC Controls Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn)
10.1. By System Analysis 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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, 2024-2030
10.6. Europe HVAC Controls Market Dynamics Trends
11. Asia-Pacific HVAC Controls Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn)
11.1. By System Analysis 2019-2023 and Forecast 2024-2030by 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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, 2024-2030
11.6. Asia-Pacific HVAC Controls Market Dynamics Trends
12. Latin America HVAC Controls Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn)
12.1. By System Analysis 2019-2023 and Forecast 2024-2030by 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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, 2024-2030
12.6. Latin America HVAC Controls Market Dynamics Trends
13. Middle East and Africa HVAC Controls Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn)
13.1. By System Analysis 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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 2019-2023 and Forecast 2024-2030 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, 2024-2030
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

  • Carrier Global Corporation
  • Daikin Industries
  • Danfoss
  • Delta Controls
  • Emerson Electric
  • Honeywell International Inc
  • Johnson Controls
  • LG Electronics
  • Schneider Electric
  • Siemens

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