HVAC Control Systems Market Size, Share & Trends Analysis Report By Component (Sensors, Controllers), By System, By Application (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2019 - 2025

Published: Oct, 2019 | Pages: 100 | Publisher: Grand View Research
Industry: Construction | Report Format: Electronic (PDF)

The global HVAC control systems market size is expected to reach USD 29.2 billion by 2025, expanding at a CAGR of 12.2%, according to a study conducted by Grand View Research, Inc. The rise in demand for HVAC equipment and advent of smart controllers are some factors anticipated to positively affect market growth. The growing adoption of building management systems is also expected to impel market growth.

Advancements in the field of sensors is anticipated to offer opportunities for market growth over the forecast years. Numerous sensors including temperature and humidity form a core component of any HVAC system. These sensors gather real-time data and help smart functioning of the equipment by analyzing surrounding changes.

Technological upgrades in systems that improve energy efficiency of HVAC equipment are expected to further fuel the HVAC control systems market. For instance, Siemens provides Synco 700, a primary controller equipped with KNX communication standard. KNX helps in communicating energy related information and thus saves energy wasted in unnecessary heating/cooling. Such advancements are expected to increase adoption of energy efficient systems for controlling heating, ventilation, and air conditioning over the forecast period.

Furthermore, the rising demand for replacement and retrofit of controllers is expected to drive the market growth. Considering high installation costs, consumers seldom replace their heating, ventilation, and air conditioning equipment. However, just changing a unit used to operate the HVAC equipment can increase its efficiency. Thus, the demand for replacement and retrofit systems is anticipated to surge over the next six years.

The Asia Pacific market held largest market share in 2018 and is anticipated to continue its dominance over the forecast period. This is attributed to rising demand for heating, ventilation, and air conditioning in emerging economies such as India and China. In addition, rising disposable income among consumers will drive the regional market. The North America market is likely to exhibit more than 10% CAGR over the forecast period. This is attributed to rising adoption of smart homes in the region. In addition, presence of key market players in the region such as Nest and Honeywell will drive the market in this region.

Further key findings from the study suggest:

• The global HVAC control systems market is gaining traction owing to increasing popularity of building management systems that provide ease of controlling all the connected equipment in a building

• The sensors segment accounted for a market share of over 30% in 2018 owing to the use of multiple sensors in HVAC controllers. These sensors are essential for measuring the environment condition and sending signals to the controller

• The integrated control segment is anticipated to grow at a substantial CAGR of more than 12.0% from 2019 to 2025 owing to ease and comfort it offers by combining functions of multiple controllers in a single unit

• The commercial segment is anticipated to witness healthy growth due to increasing demand across the hospitality sector

• Climate change and increasing awareness regarding energy conservation are the primary growth drivers for the Asia Pacific market.

 Table of Content

Chapter 1. Methodology and Scope
                    1.1. Research Methodology
                    1.2. Research Scope and Assumptions
                    1.3. List of Data Sources
Chapter 2. Executive Summary
                    2.1. HVAC control systems- Industry Snapshot & Key Buying Criteria, 2015 - 2025
Chapter 3. HVAC control systems Industry Outlook
                    3.1. Market Segmentation
                    3.2. Market Size and Growth Prospects, 2015 - 2025
                    3.3. Value Chain Analysis
                    3.4. Market Dynamics
                         3.4.1. Market driver analysis
                         3.4.2. Market restraint/challenge analysis
                         3.4.3. Market opportunity analysis
                    3.5. Key Opportunities Prioritized
                    3.6. Industry Analysis - Porter's
                         3.6.1. Supplier Power
                         3.6.2. Buyer Power
                         3.6.3. Substitution Threat
                         3.6.4. Threat from new entrant
                    3.7. PEST Analysis
                         3.7.1. Political Landscape
                         3.7.2. Environmental Landscape
                         3.7.3. Social Landscape
                         3.7.4. Technology Landscape
                    3.8. Market Lineage outlook
                         3.8.1. Parent market outlook
Chapter 4. HVAC Control Systems Market: Component Outlook
                    4.1. HVAC Control Systems Market Share by Component, 2018 & 2025 (USD Million)
                    4.2. Sensors
                         4.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         4.2.2. Market estimates and forecast by region, 2015 - 2025 (USD Million)
                    4.3. Controllers
                         4.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         4.3.2. Market estimates and forecast by region, 2015 - 2025 (USD Million)
                    4.4. Controlled Devices
                         4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         4.4.2. Market estimates and forecast by region, 2015 - 2025 (USD Million)
Chapter 5. HVAC Control Systems Market: System Outlook
                    5.1. HVAC Control Systems Market Share by System, 2018 & 2025 (USD Million)
                    5.2. Temperature & Humidity Control System
                         5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         5.2.2. Market estimates and forecast by region, 2015 - 2025 (USD Million)
                    5.3. Ventilation Control System
                         5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         5.3.2. Market estimates and forecast by region, 2015 - 2025 (USD Million)
                    5.4. Integrated Control System
                         5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         5.4.2. Market estimates and forecast by region, 2015 - 2025 (USD Million)
Chapter 6. HVAC Control Systems Market: Application Outlook
                    6.1. HVAC Control Systems Market Share by Application, 2018 & 2025 (USD Million)
                    6.2. Residential
                         6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         6.2.2. Market estimates and forecast by region, 2015 - 2025 (USD Million)
                    6.3. Commercial
                         6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         6.3.2. Market estimates and forecast by region, 2015 - 2025 (USD Million)
                    6.4. Industrial
                         6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         6.4.2. Market estimates and forecast by region, 2015 - 2025 (USD Million)
Chapter 7. HVAC control systems Market: Regional Outlook
                    7.1. HVAC control systems Market Share by Region, 2015 & 2025 (USD Million)
                    7.2. North America
                         7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.2.2. Market estimates and forecast by component, 2015 - 2025 (USD Million)
                         7.2.3. Market estimates and forecast by system, 2015 - 2025 (USD Million)
                         7.2.4. Market estimates and forecast by application, 2015 - 2025 (USD Million)
                         7.2.5. U.S.
                              7.2.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.2.5.2. Market estimates and forecast by component, 2015 - 2025 (USD Million)
                              7.2.5.3. Market estimates and forecast by system, 2015 - 2025 (USD Million)
                              7.2.5.4. Market estimates and forecast by application, 2015 - 2025 (USD Million)
                         7.2.6. Canada
                              7.2.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.2.6.2. Market estimates and forecast by component, 2015 - 2025 (USD Million)
                              7.2.6.3. Market estimates and forecast by system, 2015 - 2025 (USD Million)
                              7.2.6.4. Market estimates and forecast by application, 2015 - 2025 (USD Million)
                    7.3. Europe
                         7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.3.2. Market estimates and forecast by component, 2015 - 2025 (USD Million)
                         7.3.3. Market estimates and forecast by system, 2015 - 2025 (USD Million)
                         7.3.4. Market estimates and forecast by application, 2015 - 2025 (USD Million)
                         7.3.5. U.K.
                              7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.3.5.2. Market estimates and forecast by component, 2015 - 2025 (USD Million)
                              7.3.5.3. Market estimates and forecast by system, 2015 - 2025 (USD Million)
                              7.3.5.4. Market estimates and forecast by application, 2015 - 2025 (USD Million)
                         7.3.6. Germany
                              7.3.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.3.6.2. Market estimates and forecast by component, 2015 - 2025 (USD Million)
                              7.3.6.3. Market estimates and forecast by system, 2015 - 2025 (USD Million)
                              7.3.6.4. Market estimates and forecast by application, 2015 - 2025 (USD Million)
                         7.3.7. France
                              7.3.7.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.3.7.2. Market estimates and forecast by component, 2015 - 2025 (USD Million)
                              7.3.7.3. Market estimates and forecast by system, 2015 - 2025 (USD Million)
                              7.3.7.4. Market estimates and forecast by application, 2015 - 2025 (USD Million)
                    7.4. Asia Pacific
                         7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.4.2. Market estimates and forecast by component, 2015 - 2025 (USD Million)
                         7.4.3. Market estimates and forecast by system, 2015 - 2025 (USD Million)
                         7.4.4. Market estimates and forecast by application, 2015 - 2025 (USD Million)
                         7.4.5. China
                              7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.4.5.2. Market estimates and forecast by component, 2015 - 2025 (USD Million)
                              7.4.5.3. Market estimates and forecast by system, 2015 - 2025 (USD Million)
                              7.4.5.4. Market estimates and forecast by application, 2015 - 2025 (USD Million)
                         7.4.6. India
                              7.4.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.4.6.2. Market estimates and forecast by component, 2015 - 2025 (USD Million)
                              7.4.6.3. Market estimates and forecast by system, 2015 - 2025 (USD Million)
                              7.4.6.4. Market estimates and forecast by application, 2015 - 2025 (USD Million)
                         7.4.7. Japan
                              7.4.7.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.4.7.2. Market estimates and forecast by component, 2015 - 2025 (USD Million)
                              7.4.7.3. Market estimates and forecast by system, 2015 - 2025 (USD Million)
                              7.4.7.4. Market estimates and forecast by application, 2015 - 2025 (USD Million)
                    7.5. Latin America
                         7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.5.2. Market estimates and forecast by component, 2015 - 2025 (USD Million)
                         7.5.3. Market estimates and forecast by system, 2015 - 2025 (USD Million)
                         7.5.4. Market estimates and forecast by application, 2015 - 2025 (USD Million)
                         7.5.5. Brazil
                              7.5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.5.5.2. Market estimates and forecast by component, 2015 - 2025 (USD Million)
                              7.5.5.3. Market estimates and forecast by system, 2015 - 2025 (USD Million)
                              7.5.5.4. Market estimates and forecast by application, 2015 - 2025 (USD Million)
                         7.5.6. Mexico
                              7.5.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.5.6.2. Market estimates and forecast by component, 2015 - 2025 (USD Million)
                              7.5.6.3. Market estimates and forecast by system, 2015 - 2025 (USD Million)
                              7.5.6.4. Market estimates and forecast by application, 2015 - 2025 (USD Million)
                    7.6. Middle East & Africa
                         7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.6.2. Market estimates and forecast by component, 2015 - 2025 (USD Million)
                         7.6.3. Market estimates and forecast by system, 2015 - 2025 (USD Million)
                         7.6.4. Market estimates and forecast by application, 2015 - 2025 (USD Million)
Chapter 8. Competitive Analysis
                    8.1. Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
                    8.2. Vendor Landscape
                         8.2.1. Key company market share analysis / key company rankings, 2018
Chapter 9. Competitive Landscape
                    9.1. United Technologies Corporation
                         9.1.1. Company overview
                         9.1.2. Financial performance
                         9.1.3. Product benchmarking
                         9.1.4. Strategic initiatives
                    9.2. Delta Controls
                         9.2.1. Company overview
                         9.2.2. Financial performance
                         9.2.3. Product benchmarking
                         9.2.4. Strategic initiatives
                    9.3. Honeywell International
                         9.3.1. Company overview
                         9.3.2. Financial performance
                         9.3.3. Product benchmarking
                         9.3.4. Strategic initiatives
                    9.4. Johnson Controls
                         9.4.1. Company overview
                         9.4.2. Financial performance
                         9.4.3. Product benchmarking
                         9.4.4. Strategic initiatives
                    9.5. Lennox International Inc.
                         9.5.1. Company overview
                         9.5.2. Financial performance
                         9.5.3. Product benchmarking
                         9.5.4. Strategic initiatives
                    9.6. Mitsubishi Electric Corporation
                         9.6.1. Company overview
                         9.6.2. Financial performance
                         9.6.3. Product benchmarking
                         9.6.4. Strategic initiatives
                    9.7. Nest
                         9.7.1. Company overview
                         9.7.2. Financial performance
                         9.7.3. Product benchmarking
                         9.7.4. Strategic initiatives
                    9.8. Ingersoll-Rand plc
                         9.8.1. Company overview
                         9.8.2. Financial performance
                         9.8.3. Product benchmarking
                         9.8.4. Strategic initiatives
                    9.9. Siemens
                         9.9.1. Company overview
                         9.9.2. Financial performance
                         9.9.3. Product benchmarking
                         9.9.4. Strategic initiatives
                    9.10. Trane
                         9.10.1. Company overview
                         9.10.2. Financial performance
                         9.10.3. Product benchmarking
                         9.10.4. Strategic initiatives

List of Tables

Table 1 List of Abbreviation
Table 2 HVAC control systems market - Industry snapshot & key buying criteria, 2015 - 2025
Table 3 HVAC control systems market, 2015 - 2025 (USD Million)
Table 4 HVAC control systems market, by region, 2015 - 2025 (USD Million)
Table 5 HVAC control systems market, by component, 2015 - 2025 (USD Million)
Table 6 HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 7 HVAC control systems market, by application, 2015 - 2025 (USD Million)
Table 8 HVAC control systems market - Regulatory framework
Table 9 Sensors market, 2015 - 2025 (USD Million)
Table 10 Controller market, 2015 - 2025 (USD Million)
Table 11 Controlled devices market, 2015 - 2025 (USD Million)
Table 12 Temperature & Humidity control system market, 2015 - 2025 (USD Million)
Table 13 Ventilation market, 2015 - 2025 (USD Million)
Table 14 Integrated control system market, 2015 - 2025 (USD Million)
Table 15 Residential market, 2015 - 2025 (USD Million)
Table 16 Commercial market, 2015 - 2025 (USD Million)
Table 17 Industrial market, 2015 - 2025 (USD Million)
Table 18 Sensors market, 2015 - 2025 (USD Million)
Table 19 Sensors market, 2015 - 2025 (USD Million)
Table 20 Sensors market, 2015 - 2025 (USD Million)
Table 21 Controller market, 2015 - 2025 (USD Million)
Table 22 Controlled devices market, 2015 - 2025 (USD Million)
Table 23 Temperature & Humidity control system market, 2015 - 2025 (USD Million)
Table 24 Ventilation market, 2015 - 2025 (USD Million)
Table 25 Integrated control system market, 2015 - 2025 (USD Million)
Table 26 Residential market, 2015 - 2025 (USD Million)
Table 27 Commercial market, 2015 - 2025 (USD Million)
Table 28 Industrial market, 2015 - 2025 (USD Million)
Table 29 North America HVAC control systems market, 2015 - 2025 (USD Million)
Table 30 North America HVAC control system, by component, 2015 - 2025 (USD Million)
Table 31 North America HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 32 North America HVAC control system, by application, 2015 - 2025 (USD Million)
Table 33 U.S. HVAC control systems market, 2015 - 2025 (USD Million)
Table 34 U.S. HVAC control systems market, by component, 2015 - 2025 (USD Million)
Table 35 U.S. HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 36 U.S. HVAC control systems market, by application, 2015 - 2025 (USD Million)
Table 37 Canada HVAC control systems market, 2015 - 2025 (USD Million)
Table 38 Canada HVAC control systems market, by component, 2015 - 2025 (USD Million)
Table 39 Canada HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 40 Canada c HVAC control systems market, by application, 2015 - 2025 (USD Million)
Table 41 Europe HVAC control systems market, 2015 - 2025 (USD Million)
Table 42 Europe HVAC control system, by component, 2015 - 2025 (USD Million)
Table 43 Europe HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 44 Europe HVAC control system, by application, 2015 - 2025 (USD Million)
Table 45 U.K. HVAC control systems market, 2015 - 2025 (USD Million)
Table 46 U.K. HVAC control systems market, by component, 2015 - 2025 (USD Million)
Table 47 U.K. HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 48 U.K. HVAC control systems market, by application, 2015 - 2025 (USD Million)
Table 49 Germany HVAC control systems market, 2015 - 2025 (USD Million)
Table 50 Germany HVAC control systems market, by component, 2015 - 2025 (USD Million)
Table 51 Germany HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 52 Germany HVAC control systems market, by application, 2015 - 2025 (USD Million)
Table 53 France HVAC control systems market, 2015 - 2025 (USD Million)
Table 54 France HVAC control systems market, by component, 2015 - 2025 (USD Million)
Table 55 France HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 56 France HVAC control systems market, by application, 2015 - 2025 (USD Million)
Table 57 Asia Pacific HVAC control systems market, 2015 - 2025 (USD Million)
Table 58 Asia Pacific HVAC control system, by component, 2015 - 2025 (USD Million)
Table 59 Asia Pacific HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 60 Asia Pacific HVAC control system, by application, 2015 - 2025 (USD Million)
Table 61 China HVAC control systems market, 2015 - 2025 (USD Million)
Table 62 China HVAC control systems market, by component, 2015 - 2025 (USD Million)
Table 63 China HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 64 China HVAC control systems market, by application, 2015 - 2025 (USD Million)
Table 65 India HVAC control systems market, 2015 - 2025 (USD Million)
Table 66 India HVAC control systems market, by component, 2015 - 2025 (USD Million)
Table 67 India HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 68 India HVAC control systems market, by application, 2015 - 2025 (USD Million)
Table 69 Japan HVAC control systems market, 2015 - 2025 (USD Million)
Table 70 Japan HVAC control systems market, by component, 2015 - 2025 (USD Million)
Table 71 Japan HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 72 Japan HVAC control systems market, by application, 2015 - 2025 (USD Million)
Table 73 Latin America HVAC control systems market, 2015 - 2025 (USD Million)
Table 74 Latin America HVAC control system, by component, 2015 - 2025 (USD Million)
Table 75 Latin America HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 76 Latin America HVAC control system, by application, 2015 - 2025 (USD Million)
Table 77 Brazil HVAC control systems market, 2015 - 2025 (USD Million)
Table 78 Brazil HVAC control systems market, by component, 2015 - 2025 (USD Million)
Table 79 Brazil HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 80 Brazil HVAC control systems market, by application, 2015 - 2025 (USD Million)
Table 81 Mexico HVAC control systems market, 2015 - 2025 (USD Million)
Table 82 Mexico HVAC control systems market, by component, 2015 - 2025 (USD Million)
Table 83 Mexico HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 84 Mexico HVAC control systems market, by application, 2015 - 2025 (USD Million)
Table 85 Middle East & Africa HVAC control systems market, 2015 - 2025 (USD Million)
Table 86 Middle East & Africa HVAC control system, by component, 2015 - 2025 (USD Million)
Table 87 Middle East & Africa HVAC control systems market, by system, 2015 - 2025 (USD Million)
Table 88 Middle East & Africa HVAC control system, by application, 2015 - 2025 (USD Million)

List of Figures

Fig. 1 HVAC control system market, by 2018 (USD Million)
Fig. 2 HVAC control system market segmentation
Fig. 3 Value chain analysis
Fig. 4 HVAC control system market dynamics
Fig. 5 HVAC control system market driver impact
Fig. 6 HVAC control system market challenge impact
Fig. 7 HVAC control system penetration & growth prospects mapping
Fig. 8 HVAC control system market - Porters five forces
Fig. 9 HVAC control system market - PEST Analysis
Fig. 10 HVAC market, by region, 2018 & 2025
Fig. 11 HVAC control system market, by component, 2018 & 2025 (USD Million)
Fig. 12 HVAC control system market, by system, 2018 & 2025 (USD Million)
Fig. 13 HVAC control system market, by application, 2018 & 2025 (USD Million)
Fig. 14 HVAC control system market, by region, 2018 & 2025

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