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Tuesday, January 11, 2022

Global HVAC Controls Market Report to be Driven by the Increasing Industrialisation in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global HVAC Controls Report and Forecast 2022-2027’, gives an in-depth analysis of the global HVAC controls market, assessing the market based on its segments like market by loop type, system, component, implementation type, applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2021): USD 14.13 billion
  • Forecast CAGR (2022-2027): 92 %
  • Forecast Market Size (2027): USD 23.58 billion

Increased industrialisation is driving the worldwide HVAC controls sector, which is driven by increased demand for cooling and heating equipment in industries including mining and energy generation. Furthermore, strict government regulations to prevent rising pollution levels and to create a cleaner, greener, and more sustainable environment have prompted a number of industries and commercial organizations to install HVAC control in their operational areas in order to save money on electricity bills, further propelling industry growth.

Industry Definition and Major Segments

HVAC controls, also known as heating, ventilation, and air conditioning controls, are devices that manage heating and cooling conditions to help keep enclosed spaces at an ambient temperature. To enable the control system to take an action, a sensing instrument typically controls the actual temperature of the areas to a target temperature.

Explore the full report with the table of contents@

The HVAC controls market, on the basis of loop type, can be segmented into:

  • Open-Loop Control
  • Closed-Loop Control

Based on systems, the market is divided into:

  • Temperature Control Systems
  • Ventilation Control Systems
  • Humidity Control Systems
  • Integrated Control Systems

Based on component, the industry is bifurcated into:

Based on control system type, the market can be classified into:

  • Direct Acting Systems
  • Electric/Electronic Systems
  • Pneumatic Systems

On the basis of implementation type, the HVAC controls industry is segmented into:

  • New construction
  • Retrofit

On the basis of its applications, the market is segmented into:

  • Residential
  • Commercial
  • Industrial

The regional markets include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Market Trends

End users in the industrial, residential, and commercial sectors are increasing their investments in HVAC controls due to the increased demand for easy remote-control systems. As a result, research projects for the development of novel HVAC control systems are on the rise. As the infrastructure of industrial, residential, and commercial buildings expands, so does the demand for HVAC controls. Rapid urbanisation and industrialisation are also resulting from exponential population growth in developing economies such as China, India, Brazil, and Mexico, among others, driving up need for HVAC controls. The growth of the market has been supported by rising disposable incomes and increased consumer spending in key countries. Furthermore, rapid climate change is one of the key factors driving rising HVAC demand. HVAC controls technology is increasingly being employed in residential settings to improve air quality due to changing climate conditions and rising global temperatures as a result of rapid climate change. Furthermore, due to rising demand for cloud computing in the HVAC industry, the market is expected to rise rapidly throughout the forecast period.

Latest News on Global HVAC Controls Market@

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

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Contact Person: Sofia Williams, Corporate Sales Specialist – U.S.A.
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Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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