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Global HVAC Control Market to reach USD 34.22 billion by 2027.

Global HVAC Control Market Size study, by Type (Temperature, Ventilation, Humidity and Integrated Controls), by Application (Residential, Commercial and Industrial) and Regional Forecasts 2020-2027

Product Code: EAPPGAS_23620878
Publish Date: 5-11-2020
Page: 200

Global HVAC Control Market is valued approximately USD 14.52 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12.2 % over the forecast period 2020-2027. Over the years, the HVAC industry is tremendously growing due to rise in innovations and new technologies in heating, ventilation, and air conditioning. HVAC manages heating, ventilation and air conditioning in industrial, commercial and residential building. The global rise in urban population leads to the growing demand for commercial buildings and houses which impacts in the costly proposition of HVAC system. According to the world health organization, urban population accounts for 54% of the global population and is expected to increase by 10% in the upcoming years. Since, adoption of internet of things in HVAC system will efficiently help in minimizing energy consumption, thereby driving the growth of market over the forecast years. Internet of things-based devices are comprising of a smart electronic switch and a remote controller that collects data regarding energy usage and control operating status of the devices. Moreover, the global rise in construction sector such as commercial building & private house, the demand for HVAC systems will increase and results in significant growth of HVAC control market over the forecast years. As per National Investment Promotion & Facilitation Agency, the construction industry in India is expected to increase by 5.6% during 2016-20 as compared to 2.9% in during 2011-2015. Also, the capital investment in construction sector was USD 963 billion in 2018 and is expected to increase with USD 1181 billion by the end of 2020. Similarly, as per Statista, the construction sector of China was USD 893.58 billion in 2018 and is expected to increase with USD 1,117.42 billion till 2021. However, lack of awareness about various benefits offered by HVAC control systems is the major factor restraining the growth of global HVAC Control market during the forecast period.

The regional analysis of global HVAC Control market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the the fast adoption of new technology and growing focus on cost reduction in advertising. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
Delta Controls Inc.
Johnson Controls
Lennox International Inc.
ABB Ltd.
Distech Controls
Honeywell International Inc.
Schneider Electric SA
Emerson Electric Co.
Siemens AG
BCS Automotive Interface Solutions
Innotech Controls
Computrols Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Integrated Controls

By Application:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global HVAC Control Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. HVAC Control Market, by Region, 2018-2027 (USD Billion)
1.2.2. HVAC Control Market, by Type, 2018-2027 (USD Billion)
1.2.3. HVAC Control Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global HVAC Control Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global HVAC Control Market Dynamics
3.1. HVAC Control Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global HVAC Control Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global HVAC Control Market, by Type
5.1. Market Snapshot
5.2. Global HVAC Control Market by Type, Performance – Potential Analysis
5.3. Global HVAC Control Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. HVAC Control Market, Sub Segment Analysis
5.4.1. Temperature
5.4.2. Ventilation
5.4.3. Humidity
5.4.4. Integrated Controls
Chapter 6. Global HVAC Control Market, by Application
6.1. Market Snapshot
6.2. Global HVAC Control Market by Application, Performance – Potential Analysis
6.3. Global HVAC Control Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. HVAC Control Market, Sub Segment Analysis
6.4.1. Residential
6.4.2. Commercial
6.4.3. Industrial
Chapter 7. Global HVAC Control Market, Regional Analysis
7.1. HVAC Control Market, Regional Market Snapshot
7.2. North America HVAC Control Market
7.2.1. U.S. HVAC Control Market Type breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada HVAC Control Market
7.3. Europe HVAC Control Market Snapshot
7.3.1. U.K. HVAC Control Market
7.3.2. Germany HVAC Control Market
7.3.3. France HVAC Control Market
7.3.4. Spain HVAC Control Market
7.3.5. Italy HVAC Control Market
7.3.6. Rest of Europe HVAC Control Market
7.4. Asia-Pacific HVAC Control Market Snapshot
7.4.1. China HVAC Control Market
7.4.2. India HVAC Control Market
7.4.3. Japan HVAC Control Market
7.4.4. Australia HVAC Control Market
7.4.5. South Korea HVAC Control Market
7.4.6. Rest of Asia Pacific HVAC Control Market
7.5. Latin America HVAC Control Market Snapshot
7.5.1. Brazil HVAC Control Market
7.5.2. Mexico HVAC Control Market
7.6. Rest of The World HVAC Control Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Ecobee Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Delta Controls Inc.
8.2.3. Danfoss
8.2.4. Johnson Controls
8.2.5. Lennox International Inc.
8.2.6. ABB Ltd.
8.2.7. Distech Controls
8.2.8. Honeywell International Inc.
8.2.9. Schneider Electric SA
8.2.10. Emerson Electric Co.
8.2.11. Siemens AG
8.2.12. BCS Automotive Interface Solutions
8.2.13. Innotech Controls
8.2.14. Computrols Inc.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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