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Smart HVAC Controls Market Share

Report ID: GMI710
Published Date: Nov 2018
Report Format: PDF

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Smart HVAC Controls Market Share

Key players in the smart HVAC controls market include:

Nest Labs
United Technologies
Lennox Intl
Haier Group
Ingersoll-Rand PLC
LG electronics
Daikin Industries Ltd
Honeywell International
Delta
Lenox International
Siemens
Distech
Hitachi Ltd.
KMC Keen Home
Schneider Electric
Johnson Controls.

These players are continuously investing in the development of innovative products that are technologically advanced and can be integrated with other products such as smart lighting. For instance, Nest Labs developed Learning Thermostat, a sensor-driven, programmable, and Wi-Fi-enabled thermostat that can be adjusted according to heating & cooling requirements. Growing consumer inclination toward smart devices may force players to innovate new devices in order to gain a competitive advantage in the market.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of smart HVAC controls was valued over USD 7 billion in 2017.

The industry share of smart HVAC controls is projected to witness 19% growth rate during 2018 to 2024.

Robust penetration of Internet of Things (IoT) and integration of HVAC systems with IoT would foster the industry in the upcoming years.

Various citizens across Germany are extensively adopting systems which enable them to take hold of sunlight, humidity, and temperature with an intent to augmenting the in-house comfort.

Thermostat's low cost, ease of installation, and easy configuration and integration with smart home appliances is anticipated to let the product gain massive momentum across the globe.

Key players in the smart HVAC controls industry include Nest Labs, United Technologies, Lennox Intl, Haier Group, Ingersoll-Rand PLC, LG electronics, Daikin Industries Ltd., Honeywell International, Delta, Lenox International, Siemens, Distech, Hitachi Ltd., KMC Keen Home, Schneider Electric, and Johnson Controls.