Product Code: A08245
The global advanced HVAC control systems market was valued at $3,115.7 million in 2022 and is projected to reach $6,795.9 million by 2032, registering a CAGR of 8.3 % from 2023 to 2032. An advanced HVAC control system is a sophisticated and automated solution that enhances the management and efficiency of HVAC systems by incorporating technologies like IoT, AI, and automation. It enables precise control over temperature, humidity, air quality, and other environmental factors, contributing to energy savings and improved comfort in residential, commercial, and industrial spaces.
The advanced HVAC control systems market is witnessing a rapid growth rate owing to surge in concerns over the deteriorating condition of the earth's environment due to the excess release of greenhouse gases. Advanced HVAC control systems automate the operation HVAC system based on the total occupancy of the space, temperature, humidity, and various other elements. This prevents the wastage of energy on the HVAC system. Moreover, HVAC systems are an integral part of many buildings including residential, and commercial. Therefore, the market is witnessing growth, with the rise in the number of buildings. Industries especially food and beverages, pharmaceuticals, and warehouses make significant use of HVAC systems, and rise in industrialization is driving the market growth. However, the high cost of these systems is anticipated to have a negative impact on the market growth. Contrarily, advancements in technology that make the advanced HVAC control systems more user-friendly is expected to be a major growth opportunity for the market.
Furthermore, the price of oil & gas and the price of raw materials are experiencing increased volatility globally, due to a rise in inflation mainly driven by Ukraine-Russia war. This has led to slow-paced growth of the advanced HVAC control systems market.
The advanced HVAC control systems market is segmented on the basis of installation type, system, application, and region. By Installation type, the market is divided into new installation, and retrofit. By system, the market is categorized into temperature control system, ventilation control system, humidity control system, and integrated control system. By application, the market is divided into residential, commercial, and industrial. Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competition Analysis
Competitive analysis and profiles of the major players in the advanced HVAC control systems market are provided in the report. Major companies in the report include Carrier Global Corporation, Danfoss A/S, Lennox International Inc., Honeywell International Inc., Johnson Control, Schneider Electric SE, Siemens AG, Daikin Industries, OJ Electronics A/S, and Ecobee Inc. Major players to remain competitive adopt development strategies such as product launches, business expansion, acquisitions, expansion, partnerships, and mergers.
Key benefits for stakeholders
- The report provides an extensive analysis of the current and emerging advanced HVAC control systems market trends.
- In-depth advanced HVAC control systems market analysis is conducted by constructing market estimations for key market segments between 2022 and 2032.
- Extensive analysis of the advanced HVAC control systems market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The advanced HVAC control systems market revenue and volume forecast analysis from 2023 to 2032 is included in the report.
- The key players within the advanced HVAC control systems market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the advanced HVAC control systems industry.
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- Consumer Buying Behavior Analysis
- Investment Opportunities
- Product Benchmarking / Product specification and applications
- Technology Trend Analysis
- Average Consumer Expenditure
- Consumer Preference and Product Specifications
- Go To Market Strategy
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Strategic Recommedations
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Average Selling Price Analysis / Price Point Analysis
- Brands Share Analysis
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Import Export Analysis/Data
- Market share analysis of players at global/region/country level
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Installation Type
- New Installation
- Retrofit
By System
- Temperature Control System
- Ventilation Control System
- Humidity Control System
- Integrated Control System
By Application
- Residential
- Commercial
- Industrial
By Region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Danfoss A/S
- johnson control
- Schneider Electric SE
- Ecobee Inc.
- Siemens AG
- Lennox International Inc.
- Carrier Global Corporation
- Honeywell International Inc.
- Daikin Industries, Ltd.
- OJ Electronics A/S
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Development of the building construction market
- 3.4.1.2. Growing trend for sustainable development
- 3.4.1.3. Rise in demand for building automation systems (BASs)
- 3.4.2. Restraints
- 3.4.2.1. High upfront cost
- 3.4.3. Opportunities
- 3.4.3.1. Development of new control systems
CHAPTER 4: ADVANCED HVAC CONTROL SYSTEMS MARKET, BY INSTALLATION TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. New Installation
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Retrofit
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: ADVANCED HVAC CONTROL SYSTEMS MARKET, BY SYSTEM
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Temperature Control System
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Ventilation Control System
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Humidity Control System
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Integrated Control System
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: ADVANCED HVAC CONTROL SYSTEMS MARKET, BY APPLICATION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Residential
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Commercial
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Industrial
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
CHAPTER 7: ADVANCED HVAC CONTROL SYSTEMS MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Installation Type
- 7.2.3. Market size and forecast, by System
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Installation Type
- 7.2.5.1.2. Market size and forecast, by System
- 7.2.5.1.3. Market size and forecast, by Application
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Installation Type
- 7.2.5.2.2. Market size and forecast, by System
- 7.2.5.2.3. Market size and forecast, by Application
- 7.2.5.3. Maxico
- 7.2.5.3.1. Market size and forecast, by Installation Type
- 7.2.5.3.2. Market size and forecast, by System
- 7.2.5.3.3. Market size and forecast, by Application
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Installation Type
- 7.3.3. Market size and forecast, by System
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Market size and forecast, by Installation Type
- 7.3.5.1.2. Market size and forecast, by System
- 7.3.5.1.3. Market size and forecast, by Application
- 7.3.5.2. France
- 7.3.5.2.1. Market size and forecast, by Installation Type
- 7.3.5.2.2. Market size and forecast, by System
- 7.3.5.2.3. Market size and forecast, by Application
- 7.3.5.3. UK
- 7.3.5.3.1. Market size and forecast, by Installation Type
- 7.3.5.3.2. Market size and forecast, by System
- 7.3.5.3.3. Market size and forecast, by Application
- 7.3.5.4. Italy
- 7.3.5.4.1. Market size and forecast, by Installation Type
- 7.3.5.4.2. Market size and forecast, by System
- 7.3.5.4.3. Market size and forecast, by Application
- 7.3.5.5. Rest of Europe
- 7.3.5.5.1. Market size and forecast, by Installation Type
- 7.3.5.5.2. Market size and forecast, by System
- 7.3.5.5.3. Market size and forecast, by Application
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Installation Type
- 7.4.3. Market size and forecast, by System
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Installation Type
- 7.4.5.1.2. Market size and forecast, by System
- 7.4.5.1.3. Market size and forecast, by Application
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Installation Type
- 7.4.5.2.2. Market size and forecast, by System
- 7.4.5.2.3. Market size and forecast, by Application
- 7.4.5.3. South Korea
- 7.4.5.3.1. Market size and forecast, by Installation Type
- 7.4.5.3.2. Market size and forecast, by System
- 7.4.5.3.3. Market size and forecast, by Application
- 7.4.5.4. India
- 7.4.5.4.1. Market size and forecast, by Installation Type
- 7.4.5.4.2. Market size and forecast, by System
- 7.4.5.4.3. Market size and forecast, by Application
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Market size and forecast, by Installation Type
- 7.4.5.5.2. Market size and forecast, by System
- 7.4.5.5.3. Market size and forecast, by Application
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Installation Type
- 7.5.3. Market size and forecast, by System
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Installation Type
- 7.5.5.1.2. Market size and forecast, by System
- 7.5.5.1.3. Market size and forecast, by Application
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Installation Type
- 7.5.5.2.2. Market size and forecast, by System
- 7.5.5.2.3. Market size and forecast, by Application
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Installation Type
- 7.5.5.3.2. Market size and forecast, by System
- 7.5.5.3.3. Market size and forecast, by Application
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Schneider Electric SE
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.2. Honeywell International Inc.
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. johnson control
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. Carrier Global Corporation
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Siemens AG
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. Danfoss A/S
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.7. Daikin Industries, Ltd.
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.8. Lennox International Inc.
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.9. OJ Electronics A/S
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. Ecobee Inc.
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio