The global advanced HVAC controls market by product (sensors, field devices, and level controllers), end-user (commercial and residential), and geography (APAC, North America, Europe, MEA, and South America) has been added to Technavio's offering. The global advanced HVAC controls market is expected to grow by USD 5.14 billion, at a CAGR of over 8% during 2021-2025.
The sales of major products, such as refrigerators, air conditioners, microwave ovens, and other electronic appliances declined in 2020 due to the outbreak of COVID-19. Vendors operating in the market witnessed a fall in their sales. However, the market is recovering in 2021 with the relaxation of lockdown norms and the resumption of business activities.
The market is expected to be driven by factors such as the rising adoption of integrated smart technologies, the increasing preference for centralized HVAC systems, and the increasing residential and commercial construction activities.
Advanced HVAC Controls Market: Opportunities The tourism industry is thriving across the world, especially in countries such as Saudi Arabia, the UAE, and Qatar. This is encouraging government and private investors in these countries to increase investments in the development of luxury hotels, malls, and resorts. Also, steady growth in purchasing power of people in developing regions is increasing the demand for modern, advanced, and innovative products. Many such factors are expected to create significant opportunities for market players during the forecast period.
Advanced HVAC Controls Market: Segmentation by Product Based on the segmentation by product, the market generated maximum revenue in the sensors segment in 2020. The segment is driven by the launch of new products and increasing investments in the development of high-quality sensors by vendors. The market growth in the segment is expected to be significant during the forecast period.
Advanced HVAC Controls Market: Segmentation by Geography APAC held the largest market share in 2020 and the market growth in the region is expected to be the fastest compared to the growth of the market in other regions. The growth of the market in APAC can be attributed to the growing urbanization, infrastructure development, and government incentives and support. Also, the increasing number of office spaces, technological parks, and business parks is expected to foster the growth of the advanced HVAC controls market in APAC during the forecast period.
Azbil Corp. The company offers advanced HVAC controls such as sensors, building management systems, user terminals, controllers, valves, actuators, and others.
Delta Electronics Inc. The company offers advanced HVAC products that provide an energy-saving air-conditioning solution that is employed for the programmable logic controller (PLC) and variable torque AC motor drives, which are specially designed for medium and high horsepower fan and pump applications.
Emerson Electric Co. The company offers advanced HVAC such as Copeland Scroll compressors to highly precise Sensi smart thermostats to cutting-edge Emerson electronics.
Ingersoll Rand Inc. The company offers a wide range of advanced HVAC controls that include single-stage and two-stage reciprocating compressors, rotary screw compressors, centrifugal air compressors, oil-free and oil-flooded equipment, PET compressed air solutions, and more.
Johnson Controls International Plc The company offers advanced HVAC controls such as METASYS building automation systems that connect commercial HVAC, lighting, security, and protection systems, enabling them to communicate on a single platform to deliver the information.
Global HVAC Market – Global HVAC market is expected to witness maximum growth in APAC during 2021-2025. Explore information on the production, sustainability, and prospects of several leading companies. Download Exclusive Free Sample Report
Global Bus HVAC System Market – Analyze the impact of the COVID-19 pandemic on the flax bus HVAC system market, adopt better marketing tactics, and prepare for what's next. Download Exclusive Free Sample Report
Global Industrial HVAC Market – The global industrial HVAC market is expected to benefit from the increased demand for energy-efficient HVAC systems and the growing use of renewable energy sources for HVAC systems. Download Exclusive Free Sample Report
Global Residential HVAC Market – Global residential HVAC market is segmented by product (air conditioning system, heating system, and ventilation system) and geography (APAC, Europe, MEA, North America, and South America). Download Exclusive Free Sample Report
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Sensors - Market size and forecast 2020-2025
Field devices - Market size and forecast 2020-2025
Level controllers - Market size and forecast 2020-2025
Market opportunity by Product
Market Segmentation by End-user
Comparison by End-user
Commercial - Market size and forecast 2020-2025
Residential - Market size and forecast 2020-2025
Market opportunity by End-user
APAC - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
Delta Electronics Inc.
Emerson Electric Co.
Honeywell International Inc.
Ingersoll Rand Inc.
Johnson Controls International Plc
Lennox International Inc.
Mitsubishi Electric Corp.
Schneider Electric SE
Scope of the report
Currency conversion rates for US$
List of abbreviations
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