HVAC Control Systems Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44536
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 HVAC Control Systems Market - 2021-2025

The HVAC control systems market size is expected to reach a value of USD 6.53 billion, at a CAGR of 6.09%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as rising demand for efficient and fail-proof HVAC controls are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on the market growth.

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HVAC Control Systems Market Segments

From this Technavio report, get actionable insights on the HVAC control systems market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by product (sensors, controlled devices, and controllers), end-user (automotive, residential, commercial, and Industrial), and geography (APAC, North America, Europe, MEA, and South America) in this HVAC control systems market report to pursue growth opportunities.

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis on the post-pandemic HVAC control systems market predictions on consumer demand changes for 2021-2025.

HVAC Control Systems Market Key Vendors and Competitive Analysis

Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The HVAC control systems market is fragmented and the vendors are deploying organic and inorganic growth strategies to gain competitive advantage.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the HVAC control systems market share during 2021-2025.

The HVAC control systems market forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

HVAC Control Systems Market Vendors

Regional Opportunities in HVAC Control Systems Market - 2021-2025

43% of the HVAC control systems market growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for HVAC control systems in APAC. This report encompasses exclusive information on potential business locations and understand the demographics of current and prospective customers.

HVAC Control Systems Market Share by Geography

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APAC has been exhibiting a significant growth rate for HVAC control systems market vendors. Factors such as the growth of construction activities and the rise in the number of commercial office spaces are accelerating the HVAC control systems market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.

The HVAC control systems market share growth in APAC will be faster than the growth of the market in other regions. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.

HVAC Control Systems Market Share and Revenue by Product

HVAC Control Systems Market Share by Product

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The HVAC control systems market share growth by the sensors segment will be significant during the forecast period. This segment is expected to witness steady growth during the forecast period. The growth is attributed to the release of innovative products with enhanced temperature sensor functionalities. There is an increase in investments in sensor technology by major HVAC control system manufacturers such as Siemens, Honeywell International, Johnson Controls International, Schneider Electric, and NanoSense.

The commercial and residential segments are expected to generate the maximum revenue for the global HVAC control systems market in the sensors segment. Sensors used in HVAC controls are used to measure and detect changes in temperature, humidity, and airflow. This report provides an accurate prediction of the contribution of all the segments to the growth of the HVAC control systems market size.

From the HVAC control systems market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

 Key HVAC Control Systems Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding HVAC control systems market growth is the lack of skilled workforce. In this research report, our analysts have elucidated exhaustive all key industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

This HVAC control systems market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.


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HVAC Control Systems Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive HVAC control systems market growth during the next five years
  • Precise estimation of the HVAC control systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the HVAC control systems market across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of HVAC control systems market vendors

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HVAC Control Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.09%

Market growth 2021-2025

$ 6.53 billion

Market structure

Fragmented

YoY growth (%)

3.76

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 43%

Key consumer countries

US, China, India, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Azbil Corp., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, Lennox International Inc., Mitsubishi Electric Corp., Schneider Electric SE, Siemens AG, and Trane Technologies plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Sensors - Market size and forecast 2020-2025
    • Controlled devices - Market size and forecast 2020-2025
    • Controllers - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Automotive - Market size and forecast 2020-2025
    • Residential - Market size and forecast 2020-2025
    • Commercial - Market size and forecast 2020-2025
    • Industrial - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • 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 drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Azbil Corp.
      • Delta Electronics Inc.
      • Emerson Electric Co.
      • Honeywell International Inc.
      • Johnson Controls International Plc
      • Lennox International Inc.
      • Mitsubishi Electric Corp.
      • Schneider Electric SE
      • Siemens AG
      • Trane Technologies plc

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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.

      TechnavioINFORMATION 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
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      TechnavioDATA 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
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      TechnavioREPORT 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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      The hvac control systems market growth will increase by $4891.85 million during 2019-2024.
      The hvac control systems market is expected to grow at a CAGR of 4.79% during 2019-2024.
      Technavio has segmented the hvac control systems market by product (Sensors, Controlled devices, and Controllers) ,end user (Automotive, Residential, Commercial, and Industrial) , and geographic (APAC, North America, Europe, MEA, and South America).
      Azbil Corp., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, Lennox International Inc., Mitsubishi Electric Corp., Schneider Electric SE, Siemens AG, Trane Technologies Plc are a few of the key vendors in the hvac control systems market.
      APAC will register the highest growth rate of 43.48% among the other regions. Therefore, the hvac control systems market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the hvac control systems market growth are:
      • Advances in temperature control systems
      • Personalization of HVAC controls
      The hvac control systems market vendors should focus on grabbing business opportunities from the sensors segment as it accounted for the largest market share in the base year.
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