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HVAC Controls Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

HVAC Controls Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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HVAC Controls Market – 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 Geography

 

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Report

Description

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.

Key Development

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.

HVAC Controls Market

MARKET SUMMARY
-
10.2%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 10.2%
  • Largest Market– North American
  • Fastest Growing Market– Asia-Pacific

HVAC Controls Market

  • The HVAC Controls Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The HVAC Controls Market is segmented based on system, component, application and geography.
Key Players
  • Carrier Global Corporation
  • Daikin Industries
  • Danfoss
  • Delta Controls
  • Emerson Electric
HVAC Controls Market Drivers

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.

Asia-Pacific Got Significant Share

HVAC Controls Market

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
HVAC Controls Market Segmentation

segmentation-block-image

System

    • Temperature Control Systems
    • Ventilation Control Systems
    • Humidity Control Systems
    • Integrated Control Systems
segmentation-block-image

Component

    • Sensors
    • Controllers and Controlled Devices
segmentation-block-image

Application

    Residential
    Commercial
    Industrial

segmentation-block-image

By Geography

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • MEA
Location

GEOGRAPHY

Frequently Asked Questions

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

Report

Table Of Content

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,2017-2021 and Forecast, 2022-2028
4.1. Market Analysis,2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Temperature Control Systems
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.1. Sensors
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Residential
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2017-2021 and Forecast, 2022-2028 (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, 2022-2028
9. North America HVAC Controls Market Analysis,2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. By System Analysis 2017-2021 and Forecast 2022-2028by 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028by 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, 2022-2028
9.6. North America HVAC Controls Market Dynamics – Trends
10. Europe HVAC Controls Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. By System Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2022-2028
10.6. Europe HVAC Controls Market Dynamics – Trends
11. Asia-Pacific HVAC Controls Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. By System Analysis 2017-2021 and Forecast 2022-2028by 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2022-2028
11.6. Asia-Pacific HVAC Controls Market Dynamics – Trends
12. Latin America HVAC Controls Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. By System Analysis 2017-2021 and Forecast 2022-2028by 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2022-2028
12.6. Latin America HVAC Controls Market Dynamics – Trends
13. Middle East and Africa HVAC Controls Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. By System Analysis 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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 2017-2021 and Forecast 2022-2028 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, 2022-2028
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
Report

Company Profile

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

Description

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.

Key Development

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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