Authored By: Sarah
19 Jun 2024

 HVAC Control Systems Market to grow by USD 9664.8 million between 2024-2028

According to a research report “ HVAC Control Systems Market” by Product (Sensors, Controlled devices, Controllers) End-user (Automotive, Residential, Commercial, Industrial) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 9664.8 million at a CAGR of  7.51% during the forecast period. In today's business landscape, the necessity for reliable temperature maintenance and efficient monitoring of HVAC systems is escalating across various sectors. This surge in demand is particularly prominent in industries such as cold storage plants, data centers, food processing facilities, healthcare, and pharmaceuticals. For instance, these industries require highly efficient HVAC control systems to maintain specific temperatures for preserving perishable goods and sensitive materials, which have limited shelf lives. Moreover, the integration of automation in HVAC controls is gaining traction. The capacity of HVAC controls to optimally manage temperature and environment is a significant driver for automation adoption, particularly in cold storage plants..

Browse market data tables, figures, and in-depth TOC on “HVAC Control Systems Market” by Product (Sensors, Controlled devices, Controllers) End-user (Automotive, Residential, Commercial, Industrial) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028.

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By Product, the Sensors segment is projected to dominate the market size in 2024.

The HVAC control systems market witnesses significant growth due to the increasing demand for energy efficiency and automation in building infrastructure. These advanced systems enable businesses to optimize energy usage, reduce operational costs, and enhance indoor air quality. Key players in this sector invest in research and development to introduce innovative solutions, further fueling market expansion.

By End-user, Automotive  segment is expected to hold the largest market size for the year 2024.

The HVAC control systems market witnesses significant growth due to the increasing demand for energy efficiency and automation in building infrastructure. These advanced systems enable businesses to optimize energy usage, reduce operational costs, and enhance indoor air quality. Key players in this sector invest in research and development to introduce innovative solutions, further fueling market expansion.

APAC is forecasted to hold the largest market size by region in 2024.

The HVAC control systems market witnesses significant growth due to the increasing demand for energy efficiency and automation in building infrastructure. These advanced systems enable businesses to optimize energy usage, reduce operational costs, and enhance indoor air quality. Key players in this sector invest in research and development to introduce innovative solutions, further fueling market expansion.

The HVAC Control Systems Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ABB Ltd.
  • Acuity Brands Inc.
  • Azbil Corp.
  • Computime Group Ltd.
  • Delta Electronics Inc.
  • Emerson Electric Co.
  • Fr. Sauter AG
  • Generac Holdings Inc.
  • Honeywell International Inc.
  • Johnson Controls International Plc.
  • KMC Controls Inc.
  • Lennox International Inc.
  • Mass Electronics Pty Ltd.
  • Mitsubishi Electric Corp.
  • NanoSense
  • Quest Controls Inc.
  • Reliable Controls Corp.
  • Schneider Electric SE
  • Siemens AG
  • Trane Technologies plc
.

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Research Analysis Overview

In the commercial construction sector, urban population growth has led to an increased demand for advanced heating, ventilation, and air conditioning (HVAC) control systems. These systems are essential for implementing energy-efficient HVAC solutions in offices and residential buildings. HVAC control systems enable the optimization of temperature and humidity levels, reducing energy consumption and minimizing human intervention. Sensing devices, such as occupancy and light sensors, play a crucial role in building automation, ensuring energy efficiency and reducing energy wastage. The HVAC controls market caters to the technical complexities of conventional HVAC systems, offering solutions for heat ventilation, occupant detection, and lighting systems. By integrating these controls, residential buyers can enjoy the benefits of smart homes, including improved comfort, energy savings, and reduced environmental impact. The implementation of HVAC control systems is a significant step towards enhancing energy efficiency in the construction sector.

Market Research Overview

In the commercial construction sector, the market for HVAC (Heating, Ventilation, and Air Conditioning) control systems is experiencing significant growth. Integrated control systems, including humidity control systems and ventilation control systems, are essential for maintaining optimal temperature and humidity levels in urban populations' indoor areas. These systems utilize sensing devices, such as smart thermostats and controllers, to monitor and fine-tune temperature set points. HVAC control systems are crucial for energy-efficient practices in green buildings, such as hotels, healthcare institutions, educational institutions, shopping malls, and commercial applications. Implementing these systems can lead to cost savings, economic growth, and urbanization. However, technical complexities, including installation, custom fabrication, and preventative maintenance, require skilled labor. Digital twin technology, Artificial Intelligence (AI), and cloud computing are revolutionizing HVAC control systems. These advancements enable energy consumption reduction, occupant detection, and lighting systems integration. However, conventional HVAC systems still consume substantial energy, leading to energy wastage. Human intervention and building automation are essential for maximizing energy efficiency in the construction sector. HVAC control systems market encompasses various components, including coolers, space heaters, air conditioners, and zone control systems. Leaks in ductwork and environmental requirements necessitate guidelines and regulations for ensuring optimal system performance. Regular preventative maintenance is essential for maintaining HVAC control systems' efficiency and longevity.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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