NEW YORK , July 6, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "HVAC Controls Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component Type (Sensors, Controllers, Smart Vents, and Others), Installation Type (New Installation and Retrofit), System (Temperature Control System, Humidity Control System, Ventilation Control System, and Integrated Control System), and End User (Residential, Commercial, and Industrial)", the global HVAC controls market size is expected to grow from $6.50 Billion in 2021 to $20.12 Billion by 2028; it is estimated to grow at a CAGR of 17.63% from 2022 to 2028.
Download PDF Brochure of HVAC Controls Market Size - COVID-19 Impact and Global Analysis with Strategic Developments at: https://www.theinsightpartners.com/sample/TIPEL00002153/
HVAC Controls Market Report Scope & Strategic Insights:
No. of Charts & Figures
Component Type, Installation Type, System, and End-User
North America; Europe; Asia Pacific; Latin America; MEA
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
HVAC Controls Market: Competitive Landscape and Key Developments
Carrier, Daikin, Delta Controls, Distech Control Inc., Emerson Electric Co., Honeywell International Inc, Johnson Controls, Lennox International Inc, Siemens, and Schneider Electric are among the key players in the HVAC Controls market. The leading companies are focusing on expanding and diversifying their market presence and acquiring a new customer base, thereby tapping prevailing business opportunities.
Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPEL00002153/
In January 2022 , Daikin announced its recent investment in Wlab Ltd., a startup company providing airborne allergy detection sensors.
HVAC Controls Market: Key Insights
The HVAC controls market growth driven by the development of green technology due to the rising environmental concerns among consumers, rising spending power and the deployment of several government programs to encourage energy-efficient construction. One of the primary causes fostering an optimistic view of the market is the notable increase in the building of commercial, industrial, and residential structures worldwide. HVAC control systems are frequently used due to the rising demand for improved air quality, performance, and environmental concerns. Moreover, the HVAC controls market is expected to grow due to the rising demand for remote access control systems owing to their cost-effectiveness, energy efficiency, and operational efficiency.
The demand for HVAC Controls market is anticipated to be fueled by the building industry's rapid expansion, particularly in emerging nations. Additionally, it is anticipated that the use of HVAC systems with IoT capabilities would grow for applications in smart homes. In the upcoming years, the HVAC Controls Market is anticipated to be driven by the rising demand for energy-efficient buildings and government programmes to support energy-efficient systems.. The HVAC controls market is developing due to factors such as rising spending power and the deployment of several government programs to encourage energy-efficient construction.
Have a question? Speak to Research Analyst: https://www.theinsightpartners.com/speak-to-analyst/TIPEL00002153
Impact of COVID-19 Pandemic on HVAC Controls Market:
The European semiconductor producers struggled to provide their products to the appropriate clients in sufficient quantities during the COVID-19 pandemic because of the severe disruption in the industry's raw material supply chain. The producers of semiconductor components or sensors are experiencing a two-week or longer delay in the delivery of raw materials, forcing the manufacturers to slow down the production speed and exhibiting a decline in revenue creation. Many manufacturers of HVAC systems and sensors in the UK, France , and Russia have a disproportionately high concentration of HVAC equipment producers. Manufacturers of European HVAC systems and market participants for HVAC controls suffered due to the COVID-19 virus's appearance. Additionally, over the past few weeks, the second wave of COVID-19 was observed in the UK, France , Germany , and Italy . As a result, the manufacturers were again forced to limit the number of workers in their production units, which slowed the demand for HVAC Controls. During the forecast period, the HVAC Controls market in Europe is anticipated to expand at a solid CAGR.
Implementation of Smart, Connected, and Energy Efficient IOT-enabled HVAC Systems to Propel HVAC Controls Market Growth in Coming Years:
The HVAC system is one of the major electricity consumers, particularly in commercial or residential buildings. At present, air conditioners and electric fans contribute to ~20% of the total electricity consumption in a building; furthermore, as per International Energy Agency's (IEA) report, the energy demand from air conditioners is further expected to grow three times by 2050. According to the US Department of Energy (DOE), commercial buildings use energy worth US$ 190 billion annually. The growing energy demands from HVAC systems are resulting in rising electricity costs. Therefore, the HVAC manufacturers are seeking ways to enhance their products' energy efficiency and offer tools to customers that can help them monitor their devices/systems.
Avail Lucrative DISCOUNTS on "HVAC Controls Market" Research Study: https://www.theinsightpartners.com/discount/TIPEL00002153/
Implementation of IoT into the HVAC sector enables remote appliance control and significantly better customer-centric services. The main advantages of integrating IoT in the energy sector are the operational insight into HVAC appliances and techniques to significantly reduce energy usage. For instance, HVAC contractors can get their devices to monitor occupancy inside the building by combining smart devices with motion sensors. The system might recommend that the customer dial down the heating (or cooling) to save energy through an app message when there is no movement for an extended time inside the building. Moreover, the controls readily use the most recent networking and AI technologies, enabling them to gradually learn the preferences of the tenants and adapt to their comfort requirements. HVAC manufacturers aim to grow their HVAC controls market share by offering consumers intelligent HVAC solutions. Lighting and HVAC systems use the most energy in commercial or residential buildings. Implementing machine-to-machine (M2M) connectivity with IoT in various applications supports cost savings, resource conservation, predictive maintenance, comfort control, and healthy building performance. As a result, there is a higher need for IoT-based HVAC control systems. Thus, the implementation of smart, connected, and energy-efficient IoT-enabled HVAC systems will drive the demand for HVAC controls.
HVAC Controls Market: Installation Type Overview
Based on installation type, the HVAC controls market is bifurcated into new installation and retrofit. The new installation segment is expected to dominate the HVAC control market during the forecast period. For instance, China intends for 50% of all new construction to be green-certified within the next four to five years. Energy-efficient HVAC systems and HVAC controls can be used to achieve this, which calls for the efficient use of energy.
Directly Purchase Premium Copy of HVAC Controls Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPEL00002153/
Smart HVAC Controls Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Smart Thermostat, Smart Air Vent); Implementation Type (New Construction, Retrofit); Application (Residential, Commercial, Industrial) and Geography
HVAC Systems Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Heating (Heat pumps, Furnaces, Space heaters, Boilers); Cooling (Room Unitary air conditioners, Chillers, VRF systems, Coolers, Others); Ventilation (Air filters, Air purifiers, Centrifugal fans, Roof vent, Ventilation fan, Air handling unit, Others); Implementation (New installation, Retrofit); Application (Residential, Commercial, Industrial) and Geography
HVAC Valves Market to 2027 - Global Analysis and Forecasts by Product (Ball Valve, Globe Valve, Butterfly Valve, and Pressure Independent Valves); and Application (Residential, Industrial, and Commercial)
Handheld HVAC Monitoring Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Device Type (Temperature and Humidity Meters, Gas Detector, HVAC Multimeter, Airflow Meter, and Pressure Gauge Meter) and Application (Residential, Industrial, and Commercial)
Automotive HVAC Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology Type (Automatic HVAC System, Manual HVAC System); Equipment Type (Rooftop Package Unit, Split System, Chilled Water Air Handler, Variable Air Volume, Air to Air Heat Pump); Component (Condenser, Evaporator, Compressor, Drier, Others); Application (Passenger Vehicles, Commercial Vehicle) and Geography
Intelligent Building Management Systems Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Product (Communication Protocols, HVAC Controls, General Lighting Controls, Security and Access Controls, St and ards and Data Distribution, Outdoor Controls, Others); Application (Hospitality, Energy and Infrastructure, Educational Centers, Residential and Retail, Religious Centers, Manufacturing Buildings, Others) and Geography
Smart Office Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Components (Hardware, Software, Service); Product (Smart Lighting, Security System, Energy Management System, HVAC Control System, Audio-Video Conferencing System) and Geography
Home Energy Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Offering (Hardware, Software, Services); Product Type (Lighting Controls, Self-Monitoring Systems and Services, Programmable Communicating Thermostats, Advanced Central Controllers, Intelligent HVAC Controllers); Technology (Z-Wave, ZigBee, Wi-Fi, Ethernet, Others) and Geography
Smart Home Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Sensors, User interface devices, Controllers, Actuators, Networking Products, Others); Application (Security and Surveillance System, Energy Management, HVAC Control, Lighting Systems, Entertainment Control, Others) and Geography
Home Automation Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Lighting Control, Security and Access Control, HVAC Control, Entertainment Control, Others); Technology (Wired, Wireless); Type (Luxury, Managed, Mainstream, Do It Yourself (DIY)) and Geography
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi E-mail: sales@theinsightpartners.com Phone: +1-646-491-9876 Press Release: https://www.theinsightpartners.com/pr/hvac-controls-market
Logo: https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/hvac-controls-market-worth-20-12-billion-by-2028-at-17-63-cagr-driven-by-construction-sector-deep-dive-analysis-of-18-countries-across-5-key-regions-50-companies-scrutinized-in-new-research-by-the-insight-partners-301581364.html
(Bloomberg) -- About 70,000 truck owner-operators who form the bedrock of California’s transport industry are in limbo as state-level labor rules start applying to them, creating another choke point in stressed US supply chains.Most Read from BloombergWho Shot Shinzo Abe and Why? Everything We Know So FarEx-Japan Leader Abe Killed in Shooting That Shocks NationMusk Backs Out of $44 Billion Twitter Deal Over Bot AccountsStocks Score Weekly Gain as Jobs Fuel Rate Bets: Markets WrapWorking From Hom
“You know, it's embarrassing," well-known crypto podcaster Scott Melker tells Fortune. "I'm a person who talks about risk management and protecting your assets, but I was arguably, in hindsight, overexposed."
Warren Buffett, now in his 57th year at Berkshire Hathaway’s helm, has picked up the pace of investments this year.
Tim Cook, the CEO of Apple ( ), has undoubtedly revived the rivalry with Tesla ( ) and its boss Elon Musk. Cook and Musk are among the most recognizable faces in tech, along with Mark Zuckerberg of social media giant Meta Platforms ( ). If Cook has often appeared discreet, Musk cultivates his character as an omnipresent and influential CEO.
Machine Gun Kelly's daughter seems to be following in his musical footsteps! The 32-year-old musician shared a video on Instagram of him and his 13-year-old daughter, Casie, rapping a portion of JAY-Z's part in Beyoncé's 2003 track, 'Crazy in Love.'
Many Americans are surprised to see they have not prepared as well as they had hoped for retirement when they finally get ready to call it quits. The bad news is, you’ll probably have to make some realistic assumptions of what your retirement will look like. If you’ve lived primarily paycheck to paycheck in your working years, that may continue to feel the case in your retirement.
Millions of barrels of oil from the U.S. Strategic Petroleum reserve are being exported to Europe and Asia despite record-breaking fuel prices
Successful entrepreneur and star of the Shark Tank tv show is a crypto investor but one of his bets just backfired.
It's been a rough six months for most S&P 500 investors. But if you think that's bad, try owning a money-losing stock for a decade.
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergElon’s OutWho Shot Shinzo Abe and Why? Everything We Know So FarEx-Japan Leader Abe Killed in Shooting That Shocks NationPutin Is Set to Halt Gas and Germany Fears It’s Not Coming BackMusk Backs Out of $44 Billion Twitter Deal Over Bot AccountsUS inflation data in the coming week may stiffen the resolve of Federal Reserve policy makers to proceed with another big
(Bloomberg) -- The precious-metals business at JPMorgan Chase & Co. operated for years as a corrupt group of traders and sales staff who manipulated gold and silver markets for the benefit of the bank and its prized clients, a federal prosecutor told jurors in Chicago.Most Read from BloombergElon’s OutWho Shot Shinzo Abe and Why? Everything We Know So FarEx-Japan Leader Abe Killed in Shooting That Shocks NationPutin Is Set to Halt Gas and Germany Fears It’s Not Coming BackMusk Backs Out of $44 B
Boeing CEO Dave Calhoun recently hinted that his company could drop the longest version of the MAX jet from its product lineup.
Shares of the clinical-stage biotech Oramed Pharmaceuticals (NASDAQ: ORMP) were up by a staggering 41.6% as of 3:30 p.m. ET on Friday afternoon. To put this surge in volume into the proper context, the average daily volume for Oramed's stock over the prior 30-day period has been less than 900,000 shares. Over the last 12 months, Oramed's stock has attracted short sellers in droves, thanks to the global turmoil in financial markets, the drawdown across clinical-stage biotech stocks, geopolitical unrest, and rising interest rates.
At the same time, dividend stocks now sport higher yields, as the yield of a stock and its price move inversely. Altria is primarily a manufacturer and distributor of smokeable and other tobacco products in the U.S. The company owns the highly lucrative Marlboro brand, as well as Black & Mild cigars and pipe tobacco, moist smokeless tobacco brands such as Copenhagen and Skoal. In addition to those traditional tobacco products, Altria's portfolio has On!
A surge in repossessed autos reflects broader economic problems. The question: How might a bursting of an auto bubble affect the broader U.S. economy?
One of the top officials at the U.S. Federal Reserve, Vice Chair Lael Brainard, made it abundantly clear that the central bank – which is also a powerful financial watchdog – is paying careful attention to the flaws showing up as the crypto sector founders.
EV stocks have multiplied in Tesla’s wake and as electric cars look to go mainstream. Here are the top-rated electric-vehicle makers.
When Buffett backs growth stocks, it's worth paying attention. Especially when they're on sale.
See: I’m a 57-year-old nurse with no retirement savings and I want to retire within seven years. Having $110,000 in retirement accounts is great, and you don’t want to have to start dwindling that down while also trying to manage a way to effectively pay down credit card debt and a mortgage. “I think she needs to take a hard look at her income and expenses,” said Tammy Wener, a financial adviser and co-founder of RW Financial Planning.
The Labor Department released its latest monthly jobs report at 8:30 a.m. ET on Friday. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg.