Global HVAC Controls Market Size By System (Temperature Control System, Ventilation Control System), By Implementation Type (New Construction, Retrofit), By End User (Residential, Commercial, Industrial), By Geographic Scope And Forecast

HVAC Controls Market Size And Forecast

HVAC Controls Market size was valued at USD 14.06 Billion in 2024 and is projected to reach USD 30.19 Billion by 2031, growing at a CAGR of 10.04% during the forecast period 2024-2031.

We're seeing a boom in construction, particularly in developing nations, and that's likely going to really boost the demand for HVAC Controls. Plus, with the rise of IoT-enabled HVAC systems, we're expecting to see even more of them popping up in smart homes. And let's not forget the push for energy-efficient buildings and government programs that back energy-saving systems; all this should really get the HVAC Controls Market moving in the next few years. Want the full picture? The Global HVAC Controls Market report gives you a complete look at everything happening in the market. It breaks down the key areas, trends, what's driving and holding things back, who's competing, and all the major things influencing the market right now.

Global HVAC Controls Market Definition

HVAC systems, or heating, ventilation, and air conditioning, let you take charge of the temperature wherever you are. Think of them as the systems that shuttle air between inside and outside, keeping your home or office comfy, whether it's hot or cold. These systems are a big deal in construction these days! Not only do they control the temperature, but they also work to improve the air you breathe by getting rid of things like moisture, smoke, odors, and even dust and bacteria. Plus, they help with temperature control and keeping the air fresh with oxygen. Learn more about HVAC benefits.

The entire HVAC system consists of three main parts, the heating element usually refers to a furnace or boiler. It includes a pipe system for liquids that carry heat, or a duct system if using a circulating air system. The ventilation elements are either natural or forced, and when forced, it is more often used for air purification purposes as well. Lastly, the third element of the system is air conditioning whose function is to remove the existing heat from the interior of the home.

Global HVAC Controls Market Overview

Boom in the construction sector in the emerging countries is one of the major factors expected to boost demand for HVAC Controls. In countries such as India, the residential sector is expected to grow significantly, with the central government aiming to build 20 million affordable houses in urban areas across the country by 2022. States and cities in India are moving ahead with energy-efficient buildings owing to rapid urbanization. In recent years, due to rapid urbanization, the floor area of ??urban buildings has increased significantly, and the need for room cooling has increased.

Think about itright now, buildings in India, both homes and businesses, are already gobbling up almost 30% of all the electricity used in the country! And get this – they're expected to be using a whopping 48% by 2042. That's why it's so important to get the Energy Conservation Building Code (ECBC) up and running in all our cities. It's key to saving energy and, in turn, driving demand for HVAC Controls. With things like technological advancements, climate change, and global warming happening, HVAC control systems are really starting to shine. All these factors are pushing everyone to focus on energy-efficient solutions, no matter what industry they're in. One study even showed that using really good HVAC equipment can save a lot of energy, cut down on emissions, and save you a good chunk of money too (like, 10%–40%!).

Hey, here's the dealthe U.S. Energy Information Administration (EIA) says that by 2050, commercial buildings nationwide will actually use about 6% less energy to stay warm! And get thisa big reason for that is supposed to be fancy new HVAC sensors and controls. They're predicting a 13% drop in energy used to heat offices just because of those things. So, if you're in the HVAC control business, this could be your moment! The catch? These systems can be pricey, so they're mainly showing up in richer countries. Plus, many contractors just don't have the skills, money, or even know-how about the latest energy standards, which kinda slows things down.

Global HVAC Controls Market Segmentation Analysis

The Global HVAC Controls Market is Segmented on the basis of System, Implementation Type, End User, And Geography.

HVAC Controls Market, By System

• Temperature Control System• Ventilation Control System• Integrated Control System• Humidity Control System

Based on System, The market is segmented into Temperature Control System, Ventilation Control System, Integrated Control System, and Humidity Control System. The temperature control system and humidity control system segment is projected to dominate in the overall market owing to the growing need to maintain a consistent temperature in a dynamic environment.

HVAC Controls Market, By Implementation Type

• New Construction• Retrofit

Based on Implementation Type, The market is bifurcated into New Construction and Retrofit. Replacing an existing commercial HVAC system can be costly and hence Retrofitting which involves the installation of new or tailored parts to an already existing system, serves as a cost-effective option.

HVAC Controls Market, By End User

• Residential• Commercial• Industrial

Based on End User, The market is bifurcated Residential, Commercial, and Industrial. The residential market accounted for the largest share owing to the rise in the number of residential units coming up in the emerging countries with a growing focus towards implementing energy-efficient solutions for the buildings.

HVAC Controls Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, The Global HVAC Controls Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific will hold the highest share of the market. The expanding population in Asia-Pacific is driving demand for HVAC services in the residential sector, resulting in new installations. Maintenance and replacement services account for the majority of the market in developed nations such as Europe and North America.

Key Players

The “Global HVAC Controls Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Carrier Global Corporation, Daikin Industries, Danfoss, Delta Controls, Emerson Electric, Honeywell International Inc, Johnson Controls, LG Electronics, Schneider Electric, and Siemens.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In September 2020, Carrier launched the Weather Expert rooftop unit series, which features real variable-speed cooling capacity and control, including the variable-speed 48JC gas/electric and 50JC electric/electric versions that can cool down to 25% of typical capacity and up to 105 percent.

• In July 2020, Clivet SpA and Siemens collaborated to develop novel HVAC plant and building optimization solutions. Siemens is the developer of a software platform for building automation and IoT applications.

• In June 2020, Honeywell and SAP SE partnered to improve building performance using integrated cloud-based business and operational technology data, which delivers financial and operational analytics for corporate and real estate owners and operators.

Report Scope

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We dig deep into the market, looking at both the numbers and the less tangible stuff, like what people really want. We'll break down the market into segments and tell you the value (in USD Billion!) of each piece. You'll see which regions and segments are set to explode with growth, and which ones already rule the roost. We'll analyze how different areas use the product or service and pinpoint what's driving (or hindering) the market in each place. Get the lowdown on who's on top with competitive rankings, plus all the juicy details on new products, partnerships, expansions, and acquisitions from the last five years. We provide in-depth company profiles with an overview, key insights, product comparisons, and even a SWOT analysis for the big players. Expect a look at where the market is now and where it's going, covering recent trends, growth opportunities, what's helping and hurting growth in both up-and-coming and established areas. Plus, we'll give you a thorough analysis of the market using Porter's five forces. Understand the VC and see how it works. We'll paint a picture of the market's dynamics, highlighting future growth opportunities. Oh, and did we mention 6 months of analyst support after you buy?

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met