HVAC Controls Market worth $26.7 billion by 2027

1
MarketsandMarkets Presents

HVAC Controls Market worth 26.7 billion by
2027 HVAC Controls Market by Component (Sensors,
Controllers, and Controlled Equipment), System,
Implementation Type (New Construction, Retrofit),
Application (Residential, Commercial, Industrial)
and Region - Global Forecast to
2027 https//www.marketsandmarkets.com/Market-Rep
orts/smart-hvac-controls-market-130456761.html
2
The HVAC controls market size is estimated to
be USD 17.2 billion in 2022 and is projected to
reach USD 26.7 billion by 2027 it is expected to
grow at a CAGR of 9.2 from 2022 to
2027, according to a new report by
MarketsandMarkets. The growth of this market can
be attributed to the boom in the construction
sector, the increased adoption of HVAC controls,
benefits offered by IoT-enabled HVAC systems, and
rising demand for energy-efficient HVAC systems
in buildings and building automation systems
(BAS). The HVAC controls market includes major
Tier I and II players like Honeywell
International Inc. (US), Johnson Controls (US),
Siemens (Germany), Carrier (US), Emerson Electric
Co. (US) and others. These players have a strong
market presence for HVAC controls across various
countries in North America, Europe, APAC, and
RoW. Browse in-depth TOC on "HVAC Controls
Market" 197 Tables62 Figures246 Pages
3
Increasing government initiatives for
sustainable and energy-efficient HVAC
systems Conventional HVAC systems use fossil
fuels such as natural gas, LPG, kerosene, and
fuel oil for boilers and space heaters. For air
conditioning and cooling, different variants of
hydrofluorocarbons such as R-410A, R-32, and
R-134A are used, which have an impact on ozone
layer depletion. Governments are executing
policies on reducing greenhouse gas emissions by
incentivizing sustainable technologies for new
HVAC implementations as the reduction in carbon
emissions can reduce its impact on climate
change. The primary step is to implement
energy-efficient HVAC systems such that the
energy consumption by these systems is
reduced. Ask PDF Brochure https//www.marketsand
markets.com/pdfdownloadNew.asp?id130456761 Contr
ollers and controlled equipment is expected to
hold the highest market share during the forecast
period Controllers and controlled equipment are
expected to hold the highest market share from
2022 to 2027. Most HVAC control systems are
monitored using control valves for regulating
steam or hot/chilled water flows as the means of
trimming heat transfer therefore, control valves
are selected based on their size. In July 2021,
Warren Controls, a leading manufacturer of
control valves and specialty fluid handling
products, announced its two and three-way
electrically actuated HVAC/BAC control valves,
designed for domestic use and to assist in the
transport of low-pressure steam or hot/cold water
within a building for temperature regulation.
4
Integrated control system to hold the highest
CAGR of HVAC controls market during the forecast
period The HVAC controls market for integrated
control systems is expected to grow at the
highest CAGR between 2022 and 2027. Integrated
control systems are finding more use cases across
smart homes. Currently, there are 175 million
households in the world, equipped with smart
technologies and the number is expected to grow
exponentially in the coming years. This will
enhance the market for smart HVAC, which includes
smart thermostats, smart vents, smart
humidifiers, and others. With the demand for
smart homes growing, collaborations between HVAC
providers and IoT industries are predicted to
become the norm in the coming years. Request
Free Sample Pages https//www.marketsandmarkets.c
om/requestsampleNew.asp?id130456761 Commercial
applications to hold the highest CAGR during the
forecast period The commercial application
segment is expected to hold the largest market
share during the forecast period. The rise in the
construction of smart and green buildings has
resulted in the increased use of smart sensors
and HVAC control equipment such as programmable
thermostats, saving a significant amount of
energy in these buildings. The applications of
HVAC controls in commercial buildings ensure
switching on/off the HVAC equipment in a
particular area, depending on its occupancy. In a
huge commercial complex, all areas are not
constantly occupied by several people HVAC
controls play an important role in sensing the
number of occupants in the area to assure the
efficient use of energy.
5
HVAC controls market in APAC to hold the highest
market share during the forecast period APAC is
expected to lead the global HVAC controls
market. China held the largest size of the HVAC
controls market in APAC in 2021. In February
2021, Carrier China signed a contract worth USD
17 million (RMB 100 million) with China Eastern
Airlines Investment Co., Ltd. (CES Investment) to
provide XCT7 variable refrigerant flow (VRF)
systems for commercial offices and residential
projects throughout China. The contract is one of
the largest single VRF contracts that Carrier has
ever signed, representing a new milestone for
Carrier Chinas Light Commercial business.
  Honeywell International Inc. (US), Johnson
Controls (US), Siemens (Germany), Carrier (US),
Emerson Electric Co. (US), Schneider Electric
(France), Trane Technologies plc, (US), DAIKIN
INDUSTRIES (Japan), Delta Controls (Canada),
Distech Controls (Canada), Danfoss (Denmark),
Lennox (US), Fr. Sauter AG (Switzerland), LG
Electronics (South Korea), Mitsubishi Electric
Corporation (Japan), KMC Controls (US), Jackson
Systems Supply (US), Astronics Corporation
(US), OJ Electronics A/S (Denmark), Regin
(Sweden), Azbil Corporation (Japan), Robert Bosch
GmbH (Germany), Computrols, Inc (US), Cubic
Sensor and Instrument Co., Ltd. (China), and
Reliable Controls Corporation (Canada) are among
the many players in the HVAC controls market.
6
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. Our 850 fulltime analyst and
SMEs at MarketsandMarkets are tracking global
high growth markets following the "Growth
Engagement Model GEM". The GEM aims at
proactive collaboration with the clients to
identify new opportunities, identify most
important customers, write "Attack, avoid and
defend" strategies, identify sources of
incremental revenues for both the company and its
competitors. MarketsandMarkets now coming up
with 1,500 MicroQuadrants (Positioning top
players across leaders, emerging companies,
innovators, strategic players) annually in high
growth emerging segments. MarketsandMarkets is
determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations early to the market
by providing them research ahead of the
curve. MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of markets.
7
Contact Us
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 For More
Info https//www.marketsandmarkets.com/PressRelea
ses/smart-hvac-controls.asp