HVAC Control Systems Market Analysis APAC,North America,Europe,Middle East and Africa,South America - US,China,India,Japan,Germany - Size and Forecast 2023-2027

Published: Oct 2023

Pages: 183

SKU: IRTNTR44536

Snapshot

HVAC Control Systems Market Forecast 2023-2027

The HVAC Control Systems Market size is estimated to increase by USD 9,335.64 million, at a CAGR of 7.7% between 2022 and 2027. The market's expansion relies on various factors, such as the increasing demand for HVAC controls that are efficient and reliable, the inorganic growth observed in the global market, and the emergence of smart HVAC systems.

It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the HVAC Control Systems Market During the Forecast Period?

Market Forecast 2023-2027

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Market Dynamic

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Key Driver- The advent of smart HVAC systems

There is an increasing growth of global HVAC control systems due to the increasing adoption of smart and connected HVAC systems. One of the key reasons is the advancement in portable devices and monitoring systems such that end-users can manage their HVAC systems in a much more convenient and efficient way. Additionally, there is an increasing demand for IoT-enabled devices as these devices are used to solve complex maintenance tasks in residential and commercial HVAC systems. Also, several HVAC system manufacturers are collaborating with startups and IoT solution providers in a bid to strengthen their HVAC solution offerings. For example, in June 2022, Midea Group Co., Ltd. (Midea) partnered with Taqeef Refrigeration and Air Condition Trading LLC (Taqeef), a UAE-based AC and cooling solutions provider, to offer the company's V8 Series with variable refrigerant flow rate (VRF) in the UAE, to unveil a new blueprint for developing intelligent solutions that deliver the highest energy efficiency and comfort in the HVAC industry. Hence such factors are expected to drive the growth of the global Heating, ventilation, and air conditioning (HVAC) Control Systems market during the forecast period.

Major Trends- Increasing focus on integrated building management systems

Factors such as the demand for reducing operational and maintenance costs, as well as optimizing energy use in commercial and residential buildings, are increasing, resulting in advances in lighting, cooling, heating, and ventilation systems, which account for about 60% of energy consumption in buildings.

Therefore, advances such as the integration of two or more systems help to optimize energy efficiency in buildings. For example, the integration of lighting systems and HVAC systems in buildings under a single platform minimizes energy consumption and improves the efficiency of building management systems. Thus, such integration helps in regulating the internal building environment in terms of temperature, humidity, and light. Hence, such integration is expected to drive the growth of the Market during the forecast period.

Significant Challenge- Cybersecurity issues

As there is increasing adoption of technological advances in HVAC systems, such as wireless technologies and connectivity features, is growing rapidly across the residential, commercial, and industrial segments, it poses a significant threat to the r HVAC system manufacturers in terms of making these safe from cybersecurity threats.

Most of the HVAC sytems, such as Wi-Fi-based thermostats, temperature sensors, relative humidity sensors, and flow sensors, are vulnerable to hacking. Hence, cyber security threats pose a significant challenge to the global market which can negatively impact the market growth during the forecast period.

Market Segmentation by Product, End-user, and Geography

Product Segment Analysis:

The sensors segment will account for a major share of the market's growth during the forecast period. One of the key applications of sensors in HVAC is to measure and detect changes in temperature, humidity, and airflow. Also, these sensors act as communication media between HVAC systems and end-users. Some of the types of sensors in HVAC systems include temperature sensors, relative humidity sensors, flow sensors, pressure sensors, and electric sensors.

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The sensors segment was valued at USD 7,436.10 million in 2017 and continued to grow until 2021. There is an increase in investments in research and development by several companies to enhance temperature sensor functionalities. For instance, many of them have started equipping independent temperature sensor systems in place of thermostats. Thus, such type of sensors facilitates these to automatically power off if the room is unoccupied or adjust the temperature based on the change in room temperature. Thus, these types of sensors have started replacing thermostats, especially in commercial buildings, making them obsolete. Hence such applications in commercial and residential buildings are expected to drive the growth of the global market during the forecast period.

End-user Segment Analysis:

Based on end-user, the market has been segmented into automotive, residential, commercial, and industrial. There is increasing adoption across all automotive systems as almost all passenger cars are equipped with these. But, there is a significant chance of to decline in the market share in the automotive segment when compared to other sectors owing to the slowdown in the production and sales of automobiles which is expected to recover after 2020. One of the major types that is gaining more market share in the automotive sector is the programmable HVAC system due to the increasing adoption of automatic and remote access in automobiles. Hence, such factors are expected to drive the growth of the global market during the forecast period.

Regional Analysis

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APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. One of the key regions is APAC, including several countries such as China, India, and Japan, due to the better awareness of the benefits. Factors such as the growth of construction activities and the rise in the number of commercial office spaces are increasing the demand in the region. India, Singapore, Taiwan, and South Korea are some of the prominent players in the market as they are prime locations for investments by Western multinational companies, particularly in the fields of technology and healthcare. Thus such factors are expected to drive the growth of the global market in the region during the forecast period.

Who are the Major HVAC Control Systems Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Azbil Corp: The company offers ACTIVAL+ series of motorized valves and actuators, which are designed for precise control of chilled or hot water in HVAC applications.

Delta Electronics Inc: The company offers torque AC motor drives, and programmable logic controllers.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027.

Product Outlook (USD Million, 2017 - 2027)
- Sensors
- Controlled devices
- Controllers
End-user Outlook (USD Million, 2017 - 2027)
- Automotive
- Residential
- Commercial
- Industrial
Geography Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Market Analyst Overview

The market is experiencing growth due to factors like increasing construction sector spending, driven by rapid urbanization and rising disposable incomes. Concerns over climate change have led to government initiatives promoting energy-saving equipment, with incentives like tax deductions.

Technologically advanced solutions, including Internet of Things (IoT)-enabled controls like ControlPad, are replacing old products, leading to reduced operating costs and increased energy efficiency. They incorporate various sensors like CO2, humidity, occupancy, and temperature sensors to optimize performance. Residential, commercial, and industrial sectors are adopting integrated building automation for better coordination. Customers prefer that offers comfort and remote operation. The demand for HVAC equipment, especially those with advanced control units, is expected to rise further as energy management becomes a priority amidst environmental concerns.

HVAC Control Systems Market Scope
Report Coverage	Details
Page number	183
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 7.7%
Market growth 2023-2027	USD 9,335.64 million
Market structure	Fragmented
YoY growth 2022-2023(%)	6.56
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 42%
Key countries	US, China, India, Japan, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	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, and Trane Technologies plc
Market dynamics	Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
Precise estimation of the size of the market size and its contribution to the parent market
Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive market analysis and report on the factors that will challenge the market research and growth of market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global HVAC control systems market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global hvac control systems market 2017 - 2021 ($ million)

4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product

6.3 Sensors - Market size and forecast 2022-2027
- Exhibit 34: Chart on Sensors - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Sensors - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Sensors - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Sensors - Year-over-year growth 2022-2027 (%)

6.4 Controlled devices - Market size and forecast 2022-2027
- Exhibit 38: Chart on Controlled devices - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Controlled devices - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Controlled devices - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Controlled devices - Year-over-year growth 2022-2027 (%)

6.5 Controllers - Market size and forecast 2022-2027
- Exhibit 42: Chart on Controllers - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Controllers - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Controllers - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Controllers - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Product
- Exhibit 46: Market opportunity by Product ($ million)
- Exhibit 47: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 48: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 49: Data Table on End-user - Market share 2022-2027 (%)

7.2 Comparison by End-user
- Exhibit 50: Chart on Comparison by End-user
- Exhibit 51: Data Table on Comparison by End-user

7.3 Automotive - Market size and forecast 2022-2027
- Exhibit 52: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Automotive - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

7.4 Residential - Market size and forecast 2022-2027
- Exhibit 56: Chart on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Residential - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Residential - Year-over-year growth 2022-2027 (%)

7.5 Commercial - Market size and forecast 2022-2027
- Exhibit 60: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Commercial - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

7.6 Industrial - Market size and forecast 2022-2027
- Exhibit 64: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Industrial - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

7.7 Market opportunity by End-user
- Exhibit 68: Market opportunity by End-user ($ million)
- Exhibit 69: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2022-2027 (%)
- Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027
- Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027
- Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027
- Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027
- Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027
- Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 India - Market size and forecast 2022-2027
- Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)

9.11 Germany - Market size and forecast 2022-2027
- Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.12 Japan - Market size and forecast 2022-2027
- Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 115: Market opportunity by geography ($ million)
- Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption

11.4 Industry risks
- Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 121: Vendors covered

12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification

12.3 ABB Ltd.
- Exhibit 123: ABB Ltd. - Overview
- Exhibit 124: ABB Ltd. - Business segments
- Exhibit 125: ABB Ltd. - Key news
- Exhibit 126: ABB Ltd. - Key offerings
- Exhibit 127: ABB Ltd. - Segment focus

12.4 Acuity Brands Inc.
- Exhibit 128: Acuity Brands Inc. - Overview
- Exhibit 129: Acuity Brands Inc. - Business segments
- Exhibit 130: Acuity Brands Inc. - Key news
- Exhibit 131: Acuity Brands Inc. - Key offerings
- Exhibit 132: Acuity Brands Inc. - Segment focus

12.5 Azbil Corp.
- Exhibit 133: Azbil Corp. - Overview
- Exhibit 134: Azbil Corp. - Business segments
- Exhibit 135: Azbil Corp. - Key news
- Exhibit 136: Azbil Corp. - Key offerings
- Exhibit 137: Azbil Corp. - Segment focus

12.6 Computime Group Ltd.
- Exhibit 138: Computime Group Ltd. - Overview
- Exhibit 139: Computime Group Ltd. - Business segments
- Exhibit 140: Computime Group Ltd. - Key offerings
- Exhibit 141: Computime Group Ltd. - Segment focus

12.7 Delta Electronics Inc.
- Exhibit 142: Delta Electronics Inc. - Overview
- Exhibit 143: Delta Electronics Inc. - Business segments
- Exhibit 144: Delta Electronics Inc. - Key offerings
- Exhibit 145: Delta Electronics Inc. - Segment focus

12.8 Emerson Electric Co.
- Exhibit 146: Emerson Electric Co. - Overview
- Exhibit 147: Emerson Electric Co. - Business segments
- Exhibit 148: Emerson Electric Co. - Key news
- Exhibit 149: Emerson Electric Co. - Key offerings
- Exhibit 150: Emerson Electric Co. - Segment focus

12.9 Fr. Sauter AG
- Exhibit 151: Fr. Sauter AG - Overview
- Exhibit 152: Fr. Sauter AG - Product / Service
- Exhibit 153: Fr. Sauter AG - Key offerings

12.10 Generac Holdings Inc.
- Exhibit 154: Generac Holdings Inc. - Overview
- Exhibit 155: Generac Holdings Inc. - Business segments
- Exhibit 156: Generac Holdings Inc. - Key news
- Exhibit 157: Generac Holdings Inc. - Key offerings
- Exhibit 158: Generac Holdings Inc. - Segment focus

12.11 Honeywell International Inc.
- Exhibit 159: Honeywell International Inc. - Overview
- Exhibit 160: Honeywell International Inc. - Business segments
- Exhibit 161: Honeywell International Inc. - Key news
- Exhibit 162: Honeywell International Inc. - Key offerings
- Exhibit 163: Honeywell International Inc. - Segment focus

12.12 Johnson Controls International Plc
- Exhibit 164: Johnson Controls International Plc - Overview
- Exhibit 165: Johnson Controls International Plc - Business segments
- Exhibit 166: Johnson Controls International Plc - Key news
- Exhibit 167: Johnson Controls International Plc - Key offerings
- Exhibit 168: Johnson Controls International Plc - Segment focus

12.13 Lennox International Inc.
- Exhibit 169: Lennox International Inc. - Overview
- Exhibit 170: Lennox International Inc. - Business segments
- Exhibit 171: Lennox International Inc. - Key offerings
- Exhibit 172: Lennox International Inc. - Segment focus

12.14 Mitsubishi Electric Corp.
- Exhibit 173: Mitsubishi Electric Corp. - Overview
- Exhibit 174: Mitsubishi Electric Corp. - Business segments
- Exhibit 175: Mitsubishi Electric Corp. - Key news
- Exhibit 176: Mitsubishi Electric Corp. - Key offerings
- Exhibit 177: Mitsubishi Electric Corp. - Segment focus

12.15 Schneider Electric SE
- Exhibit 178: Schneider Electric SE - Overview
- Exhibit 179: Schneider Electric SE - Business segments
- Exhibit 180: Schneider Electric SE - Key news
- Exhibit 181: Schneider Electric SE - Key offerings
- Exhibit 182: Schneider Electric SE - Segment focus

12.16 Siemens AG
- Exhibit 183: Siemens AG - Overview
- Exhibit 184: Siemens AG - Business segments
- Exhibit 185: Siemens AG - Key news
- Exhibit 186: Siemens AG - Key offerings
- Exhibit 187: Siemens AG - Segment focus

12.17 Trane Technologies plc
- Exhibit 188: Trane Technologies plc - Overview
- Exhibit 189: Trane Technologies plc - Business segments
- Exhibit 190: Trane Technologies plc - Key offerings
- Exhibit 191: Trane Technologies plc - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 192: Inclusions checklist
- Exhibit 193: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 194: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 195: Research methodology
- Exhibit 196: Validation techniques employed for market sizing
- Exhibit 197: Information sources

13.5 List of abbreviations
- Exhibit 198: List of abbreviations

adoption of automation in manufacturing process: The requirement for automation has evolved multifold in the industrial environment. The automation solutions have improved from the implementation of fixed automation to the current flexible and integrated automation, which enables end-users to integrate various processes into a single closed solution. The need to address the optimization of processes, extend the level of autonomous processes, continuous monitoring, and control of process parameters, and safety concerns are driving the implementation of flexible automation solutions in the process and discrete industries.

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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