HVAC Controls Market size is valued at USD 16,287.9 Million in 2021 and is expected to grow at a significant CAGR of 10.2% during the forecast period 2022 to 2028. 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 2022-2028.
Based on Application, the HVAC Controls market is segmented into Residential, Commercial, and Industrial. The Residential segment accounts for the largest share in 2021. The commercial is the second-largest share during the forecast period 2021-2028 according to Precision Business Insights.
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.