Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market, "HVAC Controls Market – which is forecasted from 2020 to 2027”.
The emergence of industry 4.0 and swift penetration of automation technologies are anticipated to be one of the prime growth factors attributing to the growth of the HVAC Controls Market in the forecasted period. Furthermore, the multiple strategic initiatives deployed by various brand owners are expected to supplement this growth trend.
As per the report, the HVAC Controls Market is projected to grow at a steady pace.
Heating, ventilation, and air conditioning, or HVAC in short, deploys multiple technologies to supervise and regulate the temperature, purity, and humidity in an indoor surrounding environment. The HVAC technology functions based on the principles of fluid mechanics, heat transfer, and thermodynamics, offering superior and optimal air quality and thermal comfort in enclosed environments. HVACs are used in many utility areas, from standard residential applications to industrial facilities for large-scale use. Furthermore, HVACs not only improve the output of the devices but also increases the life span of the machines. The emergence of IoTs and their fast adoption into the commercial and residential segments are the factors driving the market. The strategic developments deployed by the key players and multiple government initiatives are further fuelling the market size.
On the basis of the system, the HVAC controls market is segmented into Humidity control, temperature control, Ventilation control, and Integrated Control. Integrated control systems are anticipated to show significant growth owing to easy convenience, optimal integration, and space optimization offered by the devices. Similarly, based on the basis of components, the market is segmented into sensors, heating & cooling coil, controllers, and others.
On the basis of end-user industries, the market is segmented into residential, industrial, commercial, and others. The positive attributes such as increased efficiency of the devices and reduced electricity and water consumption are expected to propel the increased adoption of HVAC controls in the commercial segment and the industrial segment.
On the basis of geographical region, the HVAC controls market is segmented into the Americas, Europe, the Middle East and Africa (EMEA), and the Asia Pacific. The Asia Pacific is anticipated to witness rapid growth in the forecasted period owing to the developing economies in countries like India, China, Japan, and Australia, among a few others.
COVID-19 pandemic slowed the HVAC controls market. Amidst the outbreak, the surge of infected cases has led to the enforcement of nationwide lockdowns and social distancing measures across the globe. The subsequent closure of production facilities and restrictions across the borders had further affected the imports and exports, disrupting demand and supply chain around the world. Consequently, the end-user industries of the HVAC control market also were impacted negatively.
As a part of the report, the key players active in the HVAC Controls Market that has been covered are Honeywell International, Inc., Emerson Electric, Siemens AG, Delta Controls, Johnson Controls, Mitsubishi Electric, Ingersoll Rand, Schneider Electric, Azbil, Lennox International.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/hvac-controls-market
This analytics report segments the HVAC Controls Market on the following basis:
- By System
- Humidity Control
- Temperature Control
- Ventilation Control
- Integrated Control
- By Component
- Heating and Cooling Coils
- By End-User
- By Geography
- The USA
- Europe, Middle East, and Africa
- The UK
- Saudi Arabia