HVAC Controls Market - By System (Temperature Control System, Ventilation Control System, Humidity Control System, Integrated Control System), By Component (Sensors, Controllers & Controlled Equipment), By Implementation Type, By Application, Forecast 2024 - 2032

HVAC Controls Market - By System (Temperature Control System, Ventilation Control System, Humidity Control System, Integrated Control System), By Component (Sensors, Controllers & Controlled Equipment), By Implementation Type, By Application, Forecast 2024 - 2032

HVAC Controls Market Size

HVAC Controls Market size was valued at over USD 21 billion in 2023 and is anticipated to grow at a CAGR of over 10% between 2024 & 2032, driven by rapid urbanization and ongoing construction activities as new buildings require efficient heating, ventilation & air conditioning systems.

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Growing urban populations and development projects necessitate greater climate control, driving the adoption of HVAC controls. These technologies reduce energy consumption, improve indoor comfort, and exceed environmental norms, making them indispensable in modern buildings & contributing to market growth. For instance, in April 2022, Siemens launched PXC7, an addition to its Desigo portfolio, to offer more flexibility to building automation practitioners. This new addition allows professionals to program Heating, Ventilation, and Air Conditioning (HVAC) applications for larger buildings.

HVAC controls refer to automated systems that regulate heating, ventilation, and air conditioning in buildings. These systems manage temperature, humidity, and air quality by monitoring & adjusting equipment such as heaters, air conditioners, and ventilation fans. HVAC controls enhance energy efficiency, comfort, and environmental conditions by automating the operation of these components based on set parameters and occupant needs.
 

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A weakly constructed system may fail to meet the specific needs of a building, resulting in inefficiency and discomfort. Building size, occupancy patterns, and climate are a few parameters that should be considered in the design. Inadequate planning can lead to excessive or inadequate equipment, which compromises energy efficiency and system effectiveness. To ensure that the HVAC management system is matched to the individual characteristics of the building, optimizing performance, and minimizing energy consumption, i.e., a thorough and thoughtful design process, is required.

HVAC Controls Market Trends

The HVAC industry is witnessing an increase in smart systems that incorporate IoT devices for real-time monitoring and control. Smart HVAC solutions allow users to remotely alter settings, reducing energy usage and improving overall system efficiency. These systems frequently use machine learning algorithms for predictive maintenance, which improves longevity and lowers operational costs.

Building automation, which involves the integration of HVAC controls into centralized management systems, is an important trend. This method simplifies operations, improves coordination across building systems, and enables real-time adjustments based on occupancy, weather & other factors. Building automation improves not only energy efficiency but also simplifies maintenance and provides a comprehensive view of a building's performance.

HVAC Controls Market Analysis

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Based on system, the market is segmented into temperature control system, ventilation control system, humidity control system, and integrated control system. The temperature control system segment dominated the market in 2023 with a share of over 30%.

• Advanced temperature control systems contribute to improved occupant comfort by maintaining consistent and desired temperatures within a space. This is crucial in residential, commercial & industrial applications, driving market growth as comfort remains a priority.
• HVAC control system providers are increasingly focusing on developing innovative temperature control solutions to gain a competitive edge. This fosters product development and market expansion, contributing to overall growth

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Based on application, the HVAC controls market is divided into below residential, commercial, and industrial. The residential segment is anticipated to register a CAGR of over 10.5% by 2032.

• The increasing trend of smart home adoption is driving the demand for HVAC controls. Homeowners seek energy-efficient and connected solutions, leading to the integration of smart thermostats & HVAC systems.
• HVAC control systems are increasingly designed to integrate seamlessly with broader smart home ecosystems. This integration enhances the overall home automation experience, making it easier for residents to manage multiple aspects of their home environment through a unified platform.

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Asia-Pacific dominated the HVAC controls market with a share of over 30% in 2023. The Asia-Pacific market is expanding due to growing construction activities, increasing urbanization, and a growing emphasis on energy efficiency. Modern HVAC systems are witnessing an increase in demand from both residential and commercial buildings as the regional economy grows. Market expansion is further driven by government programs that support sustainable practices and the implementation of smart technologies. The Asia-Pacific market is expanding rapidly due to the requirement for temperature control solutions in various climates and rising environmental awareness.

HVAC Controls Market Share

Players operating in the market focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market.

HVAC Controls Market Companies

Some of the major players operating in the HVAC controls industry are

• Carrier Global Corporation
• Daikin Industries
• Honeywell International Inc.
• Johnson Controls
• Schneider Electric
• Siemens
• Trane Technologies

HVAC Controls Industry News

• In January 2023, Johnson acquired Hybrid Energy AS, a provider of high-temperature energy management solutions with a focus on heat pumps for district heating and industrial processes.
   
• In February 2022, Carrier acquired Systemax, a provider of automated building controls in Queensland and Northern Territory, Australia, and Papua New Guinea. The acquisition expanded Carrier's global footprint in building automation & controls in the region.

The HVAC controls market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments

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By System, 2018 – 2032

• Temperature control system
• Ventilation control system
• Humidity control system
• Integrated control system

By Component, 2018 – 2032

• Sensors
• Controllers & controlled equipment

By Implementation Type, 2018 – 2032

• New construction
• Retrofit

By Application, 2018 – 2032

• Residential
• Commercial
• Industrial

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Rest of Asia-Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA