HVAC Controls Market Size, Share, and Analysis, By System (Temperature Control System, Ventilation Control System, Humidity Control System, Integrated Control System), By Component (Sensors, Controllers & Controlled Equipment), By Implementation (New Construction, Retrofit), By Application (Residential, Commercial, and Industrial), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
HVAC Controls Market Size, Share, and Analysis, By System (Temperature Control System, Ventilation Control System, Humidity Control System, Integrated Control System), By Component (Sensors, Controllers & Controlled Equipment), By Implementation (New Construction, Retrofit), By Application (Residential, Commercial, and Industrial), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
HVAC Controls Market is expected to experience a 9.7% CAGR during the forecast period (2024-2034). The market size was valued at USD 18.1 billion in 2023 and is projected to reach USD 50.3 billion by 2034.
HVAC Controls are systems that regulate heating, ventilation, and air conditioning to improve performance, comfort, and energy efficiency. Key components include temperature, ventilation, and humidity control systems, along with integrated systems that combine these functions. These systems are composed of sensors, controllers, and equipment that monitor and manage HVAC operations. The market is segmented based on implementation into new construction and retrofit projects, and by application into residential, commercial, and industrial sectors. Technological advancements, such as IoT and smart systems, are propelling market growth by enhancing system integration and energy efficiency. Regulatory standards and the increasing emphasis on energy efficiency are driving broader adoption and innovation in HVAC controls.
MARKET HIGHLIGHTS
HVAC Controls Market is expected to achieve a value of USD 50.3 billion, with a growth rate of 9.7% driven by the rising need for energy efficiency and improved indoor comfort. Technological developments, including smart and IoT-enabled systems, are expanding capabilities and improving integration with building management systems. Strict regulations on energy consumption and environmental impact continue to support market expansion. Additionally, the rise in urbanization and infrastructure development is increasing the demand for advanced HVAC solutions in both new buildings and renovations. The growing focus on indoor air quality and building automation also contributes to the market's growth. Future advancements and the broader acceptance of intelligent, interconnected technologies are expected to drive continued development.
HVAC Controls Market Segments:
Growth Drivers
Growing Demand for Smart Homes and Buildings to Facilitate Demand for HVAC Controls
Increasing Focus on Energy Efficiency to Drive Demand for Advanced HVAC Systems and Controls
Restraint
High Implementation Costs Can Hinder Growth for Businesses and Homeowners
Key Players
PRODUCT OVERVIEW
HVAC Controls Market is expected to experience a 9.7% CAGR during the forecast period (2024-2034). The market size was valued at USD 18.1 billion in 2023 and is projected to reach USD 50.3 billion by 2034.
HVAC Controls are systems that regulate heating, ventilation, and air conditioning to improve performance, comfort, and energy efficiency. Key components include temperature, ventilation, and humidity control systems, along with integrated systems that combine these functions. These systems are composed of sensors, controllers, and equipment that monitor and manage HVAC operations. The market is segmented based on implementation into new construction and retrofit projects, and by application into residential, commercial, and industrial sectors. Technological advancements, such as IoT and smart systems, are propelling market growth by enhancing system integration and energy efficiency. Regulatory standards and the increasing emphasis on energy efficiency are driving broader adoption and innovation in HVAC controls.
MARKET HIGHLIGHTS
HVAC Controls Market is expected to achieve a value of USD 50.3 billion, with a growth rate of 9.7% driven by the rising need for energy efficiency and improved indoor comfort. Technological developments, including smart and IoT-enabled systems, are expanding capabilities and improving integration with building management systems. Strict regulations on energy consumption and environmental impact continue to support market expansion. Additionally, the rise in urbanization and infrastructure development is increasing the demand for advanced HVAC solutions in both new buildings and renovations. The growing focus on indoor air quality and building automation also contributes to the market's growth. Future advancements and the broader acceptance of intelligent, interconnected technologies are expected to drive continued development.
HVAC Controls Market Segments:
- By System
- Temperature Control System
- Ventilation Control System
- Humidity Control System
- Integrated Control System
- By Component
- Sensors
- Controllers & Controlled Equipment
- By Implementation
- New Construction
- Retrofit
- By Application
- Residential
- Commercial
- Industrial
Growth Drivers
Growing Demand for Smart Homes and Buildings to Facilitate Demand for HVAC Controls
Increasing Focus on Energy Efficiency to Drive Demand for Advanced HVAC Systems and Controls
Restraint
High Implementation Costs Can Hinder Growth for Businesses and Homeowners
Key Players
- Johnson Controls International plc
- Honeywell International Inc.
- Schneider Electric SE
- Siemens AG
- ABB Ltd.
- Emerson Electric Co.
- Trane Technologies plc
- Lennox International Inc.
- Mitsubishi Electric Corporation
- Bosch Thermotechnology
- Daikin Industries, Ltd.
- Ingersoll Rand Inc.
- Control4 Corporation
- United Technologies Corporation (Carrier)
- Belimo Holding AG
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1.Regional Market Share
1.2. Business Trends
1.3.HVAC Controls Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.HVAC Controls Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. HVAC CONTROLS MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. HVAC CONTROLS MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.HVAC CONTROLS MARKET SIZE & FORECAST 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By System
11.3.1.1. Temperature Control System
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Ventilation Control System
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Humidity Control System
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.4.Integrated Control System
11.3.1.4.1.By Value (USD Million) 2024-2034F
11.3.1.4.2. Market Share (%) 2024-2034F
11.3.1.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Component
11.3.2.1.Sensors
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Controllers & Controlled Equipment
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By Implementation
11.3.3.1.New Construction
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Retrofit
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.4. By Application
11.3.4.1.Residential
11.3.4.1.1.By Value (USD Million) 2024-2034F
11.3.4.1.2. Market Share (%) 2024-2034F
11.3.4.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.2. Commercial
11.3.4.2.1. By Value (USD Million) 2024-2034F
11.3.4.2.2.Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.3. Industrial
11.3.4.3.1. By Value (USD Million) 2024-2034F
11.3.4.3.2. Market Share (%) 2024-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
12. NORTH AMERICA HVAC CONTROLS MARKET SIZE & FORECAST 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By System
12.3.2.By Component
12.3.3.By Implementation
12.3.4.By Application
12.4. Country
12.4.1.United States
12.4.2.Canada
13. EUROPE HVAC CONTROLS MARKET SIZE & FORECAST 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By System
13.3.2.By Component
13.3.3.By Implementation
13.3.4.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC HVAC CONTROLS MARKET SIZE & FORECAST 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By System
14.3.2.By Component
14.3.3.By Implementation
14.3.4. By Application
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA HVAC CONTROLS MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By System
15.3.2.By Component
15.3.3.By Implementation
15.3.4.By Application
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA HVAC CONTROLS MARKET SIZE & FORECAST 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By System
16.3.2.By Component
16.3.3.By Implementation
16.3.4.By Application
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Johnson Controls International plc
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Honeywell International Inc.
18.3.Schneider Electric SE
18.4.Siemens AG
18.5.ABB Ltd.
18.6.Emerson Electric Co.
18.7.Trane Technologies plc
18.8.Lennox International Inc.
18.9.Mitsubishi Electric Corporation
18.10.Bosch Thermotechnology
18.11. Daikin Industries, Ltd.
18.12.Ingersoll Rand Inc.
18.13.Control4 Corporation
18.14.United Technologies Corporation (Carrier)
18.15.Belimo Holding AG
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1.Regional Market Share
1.2. Business Trends
1.3.HVAC Controls Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.HVAC Controls Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. HVAC CONTROLS MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. HVAC CONTROLS MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.HVAC CONTROLS MARKET SIZE & FORECAST 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By System
11.3.1.1. Temperature Control System
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Ventilation Control System
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Humidity Control System
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.4.Integrated Control System
11.3.1.4.1.By Value (USD Million) 2024-2034F
11.3.1.4.2. Market Share (%) 2024-2034F
11.3.1.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Component
11.3.2.1.Sensors
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Controllers & Controlled Equipment
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By Implementation
11.3.3.1.New Construction
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Retrofit
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.4. By Application
11.3.4.1.Residential
11.3.4.1.1.By Value (USD Million) 2024-2034F
11.3.4.1.2. Market Share (%) 2024-2034F
11.3.4.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.2. Commercial
11.3.4.2.1. By Value (USD Million) 2024-2034F
11.3.4.2.2.Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.3. Industrial
11.3.4.3.1. By Value (USD Million) 2024-2034F
11.3.4.3.2. Market Share (%) 2024-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
12. NORTH AMERICA HVAC CONTROLS MARKET SIZE & FORECAST 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By System
12.3.2.By Component
12.3.3.By Implementation
12.3.4.By Application
12.4. Country
12.4.1.United States
12.4.2.Canada
13. EUROPE HVAC CONTROLS MARKET SIZE & FORECAST 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By System
13.3.2.By Component
13.3.3.By Implementation
13.3.4.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC HVAC CONTROLS MARKET SIZE & FORECAST 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By System
14.3.2.By Component
14.3.3.By Implementation
14.3.4. By Application
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA HVAC CONTROLS MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By System
15.3.2.By Component
15.3.3.By Implementation
15.3.4.By Application
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA HVAC CONTROLS MARKET SIZE & FORECAST 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By System
16.3.2.By Component
16.3.3.By Implementation
16.3.4.By Application
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Johnson Controls International plc
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Honeywell International Inc.
18.3.Schneider Electric SE
18.4.Siemens AG
18.5.ABB Ltd.
18.6.Emerson Electric Co.
18.7.Trane Technologies plc
18.8.Lennox International Inc.
18.9.Mitsubishi Electric Corporation
18.10.Bosch Thermotechnology
18.11. Daikin Industries, Ltd.
18.12.Ingersoll Rand Inc.
18.13.Control4 Corporation
18.14.United Technologies Corporation (Carrier)
18.15.Belimo Holding AG
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
