Get a free sample of HVAC Controls Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of HVAC Controls Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
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.
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.
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.
How big is the HVAC controls market?
HVAC controls industry size surpassed USD 21 billion in 2023 and is set to expand at over 10% CAGR from 2024 and 2032 driven by rapid urbanization and ongoing construction activities with new buildings requiring efficient heating, ventilation & air conditioning systems.
Why is the demand for temperature HVAC control systems growing?
The temperature control system segment held over 30% share of the HVAC controls market in 2023 and is estimated to witness high demand through 2032 owing to their increasing use in residential, commercial, and industrial applications.
What is the size of the Asia Pacific HVAC controls industry?
Asia-Pacific held more than 30% revenue share of the HVAC controls industry in 2023 and is poised to expand at a notable CAGR through 2032 attributed to the growing construction activities, increasing urbanization, and the strong emphasis on energy efficiency across the region.
Which are the leading firms operating in the HVAC controls industry?
Some of the major HVAC controls industry players are Carrier Global Corporation, Daikin Industries, Johnson Controls, Honeywell International Inc., Schneider Electric, Trane Technologies, and Siemens, among others.