Growing Climate Change Effects to Drive the HVAC Controls Market

Growing Climate Change Effects to Drive the HVAC Controls Market

By Knowledge Sourcing Intelligence Thought Articles

The Global HVAC Controls market size was valued at US$11.299 billion in 2020 and is anticipated to increase at a Compound Annual Growth Rate of 8.77% over the predictive period to reach US$20.354 billion by 2027. Heating, ventilation, and air conditioning (HVAC) controls are devices that regulate the functioning of HVAC equipment. HVAC controls are used for efficient and effective monitoring and control of HVAC devices. HVAC controls use sensors to determine the current state of variables such as humidity, temperature, air quality, etc, to provide optimal results in HVAC systems. The major purpose and function of HVAC controls are to provide a pleasant atmosphere for residential or building occupants. Rapid climate change effects have resulted in an increase in temperatures recorded across different countries. This has led to the growing adoption of HVAC systems and controls across industries and an increase in market demand across the world.

Uses of HVAC Controls

Cost-Effective: - HVAC controls that are part of bigger units such as Building Automation Systems or Energy Management Systems contain high-functioning sensors, which can help large-scale or residential HVAC systems in saving huge amounts of money. These sensors can automatically sense a change in humidity, temperature, and air quality, and can automatically schedule systems to optimize energy usage.

Water management: - HVAC control systems help in monitoring water levels in the cooling reservoirs to prevent overflow, which helps in preventing water wastage. It also performs functions such as checking fill valve settings and operation. Some HVAC systems may also contain alarm systems to help in saving water.

Safety: - Modern HVAC controls have been launched with certain safety functions that can help the user in maintaining a safe environment. Smart HVAC controls can detect motion and movement to alert the user, which is an essential function considering the increasing number of robberies and break-ins in residential areas.

Developments in HVAC Controls Market

SiteLineTM Building Controls, introduced in January 2022, is a collection of scalable, cloud-based solutions from Daikin Applied that makes it easy to connect, monitor, and control individual pieces of both HVAC equipment and integrated building systems. Building owners and operators may utilize SiteLine to increase performance, improve indoor air quality, and reduce energy consumption and carbon emissions.

Johnson Controls has launched an all-in-one system that allows building operators to assess sustainability, health, and wellness indicators while also decreasing energy, water, waste, and carbon emissions, according to a news report released on July 31, 2020. Buildings will be able to change modes in response to a variety of critical factors, including building access, ventilation, elevator operation, door locks, lighting, open collaboration, and other environmental and safety settings. By connecting HVAC equipment with fresh data and AI, users of the platform may expect to save 20-60% on energy expenditures and IAQ parameters.

Products in the HVAC Controls Market

The T9100 and T9180 Digital Thermostats, manufactured by Johnson Controls, are multi-functional devices with proven energy efficiency and Title 24 compliance. They include high-resolution color touch panels that make it simple to monitor and manage the room's temperature. Johnson Controls.

The Honeywell TRUEZONE® HZ311 panel is a device that may be used in up to three zones with standard single-stage operations. It has a voltage level of 24 volts and is suitable with the Discharge Air Temperature Sensor. Auto changeover and a resettable fuse are also included with this panel. It has sturdy push terminals, sensible LEDs, variable-speed fan control, and minimal environmental impact.

The Siemens G120P variable speed drive is designed for optimum air and liquid media management in standard commercial and residential HVAC systems. The G120P may reduce up to 60% energy expenditures by using intelligent approaches to regulate fans and pumps, compared to traditional control methods. The G120P is extremely consistent and reliable, with a variety of clever features and functions suited for most HVAC needs.

Asia Pacific Region to Lead the Market

Throughout the forecast period, the Asia Pacific region is likely to have the leading market share in the HVAC controls sector. The market is expected to expand as a consequence of factors such as the region's growing population and increased infrastructure developments. Market expansion is likely to be fueled by the implementation of energy-efficient practices and government policies. Furthermore, owing to the increasing investments in the construction sector, the region has reported a significant growth in construction activities. The rising industrialization in countries like India and China has increased the demand for heating and cooling systems. Increasing energy consumption and rising costs have given a rise to the demand for efficient control systems for HVAC equipment. Moreover, the introduction of IoT-enabled HVAC systems has also contributed to rising market demand, which is expected to increase considerably in the area during the estimated period.

COVID-19 Insight

The COVID-19 outbreak caused a worldwide economic slowdown. Most businesses have suffered major losses due to the lockdown and social isolation restrictions enacted by governments. This had a negative influence on the HVAC controls business as well. The HVAC controls market has suffered a setback as a result of the global shutdown of most construction operations. Due to the interruption of important supply and manufacturing lines, the sector suffered huge losses. China, which is one of the biggest producers of electronic sensors, was the worst hit by the virus outbreak, leading to a decrease in supply. However, due to the restart of industrial operations and the withdrawal of COVID-19 protocols in some countries, the market is said to be rebounding. Moreover, with the introduction of significant improvements in technology and government initiatives, the HVAC controls market is expected to increase considerably over the estimated period.