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Europe HVAC Controls Market Forecast to 2030 - Regional Analysis - by Component (Hardware and Software & Services), Installation Type (New Installation and Retrofit), System (Temperature Control System, Humidity Control System, Ventilation Control System, and Integrated Control System), and End User (Residential, Commercial, and Industrial)

December 2023 | 113 pages | ID: E0BEC3BF878BEN
The Insight Partners

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The Europe HVAC controls market is expected to grow from US$ 1,815.69 million in 2022 to US$ 7,582.79 million by 2030. It is estimated to grow at a CAGR of 19.6% from 2022 to 2030.

Development of Smart Cities Drive Europe HVAC Controls Market

Various governments across the world are taking initiatives to develop smart cities in their respective economies due to the rising trend of urbanization. Moreover, the European Commission (EC) aims to significantly promote energy-efficient and low-carbon technologies under its Smart Cities Initiative. Therefore, the increasing focus of governments worldwide on the development of smart cities is expected to create lucrative opportunities for the Europe HVAC controls market during the forecast period.

Europe HVAC Controls Market Overview

The Europe HVAC controls market is segmented into Germany, France, Russia, the UK, Italy, and the Rest of Europe. In Germany, the HVAC control system provides warmth or cooling in residential, commercial, or industrial building areas and fresh outdoor air to remove interior airborne contaminants, including volatile organic compounds and odors released by interior fixtures or different cleaning agents. The market growth in Europe is primarily driven by increased housing projects, growing construction spending, rising government investment in green building initiatives, fast urbanization, and rising disposable income. In European countries, such as the UK, Germany, and France, the government rules addressing energy efficiency and the use of environment-friendly refrigerants are projected to enhance the demand for HVAC equipment. Over the past ten years, the UK and France have built a comprehensive regulatory framework and binding targets for the transportation and building sectors under European commitments to boost energy efficiency by 20% by 2021.

The French organization Smart Buildings Alliance (SBA) works to advance the smart building sector in smart cities. The alliance has brought together 170 organizations from various trades within the building sector (industrial companies, service companies, builders, developers, design offices, architects, developers, and innovative startups). Moreover, the rising initiatives for sustainable building development in Europe will offer lucrative opportunities to HVAC control manufacturers. For instance, huge European cities and businesses committed to reducing their building's CO2 emissions to zero in December 2019. As part of the agreement, major participants in the construction industry, including BuroHappold, Deerns, Carbon Credentials, and Grimshaw Architects, joined Helsinki and Valladolid in signing the World Green Building Council's Net Zero Carbon Buildings Commitment. Also, in May 2023, Johnson Controls expanded its collection of residential and commercial contractor resources with the new Johnson Controls Ducted Systems (DS) Solutions App. The free app provides contractors instant access to commercial and residential equipment information to help streamline installation, troubleshooting, and maintenance processes. Thus, all the aforementioned factors are positively influencing the Europe HVAC controls market.

Europe HVAC Controls Market Revenue and Forecast to 2030 (US$ Million)

Europe HVAC Controls Market Segmentation

The Europe HVAC controls market is segmented into component, installation type, system, end user, and country.

Based on component, the Europe HVAC controls market is bifurcated into hardware and software & services. In 2022, the hardware and software segment registered a larger share in the Europe HVAC controls market. The hardware segment is further segmented into sensor, controllers, smart vents, and others.

Based on installation type, the Europe HVAC controls market is bifurcated into new installation and retrofit. In 2022, the retrofit segment registered a larger share in the Europe HVAC controls market

Based on system, the Europe HVAC controls market is segmented into temperature control system, humidity control system, ventilation control system, and integrated control system. In 2022, the temperature control system segment registered the largest share in the Europe HVAC controls market.

Based on end user industry, the Europe HVAC controls market is segmented into residential, commercial, and industrial. In 2022, the commercial segment registered the largest share in the Europe HVAC controls market.

Based on country, the Europe HVAC controls market is segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe. In 2022, the UK registered the largest share in the Europe HVAC controls market.

Carrier Global Corporation; DAIKIN INDUSTRIES, Ltd.; Acuity Brands, Inc.; Emerson Electric Co.; Honeywell International Inc.; Johnson Controls, Inc.; Schneider Electric SE; Siemens AG; and Lennox International Inc. are some of the leading companies operating in the Europe HVAC controls market.
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. EUROPE HVAC CONTROLS MARKET LANDSCAPE

4.1 Overview
4.2 Ecosystem Analysis
  4.2.1 List of Vendors in The Value Chain

5. EUROPE HVAC CONTROLS MARKET - KEY INDUSTRY DYNAMICS

5.1 Europe HVAC Controls Market - Key Industry Dynamics
5.2 Market Drivers
  5.2.1 Growth in Construction Sector
  5.2.2 Implementation of Smart, Connected, and Energy Efficient IOT-enabled HVAC Systems
5.3 Market Restraints
  5.3.1 High Cost and Technical complexities
5.4 Market Opportunities
  5.4.1 Rising Adoption of Cloud Computing in HVAC
  5.4.2 Development of Smart Cities
5.5 Future Trends
  5.5.1 Advancement in Green Technology
5.6 Impact of Drivers and Restraints:

6. HVAC CONTROLS MARKET - EUROPE MARKET ANALYSIS

6.1 Europe HVAC Controls Market Revenue (US$ Million), 2022 – 2030
6.2 Europe HVAC Controls Market Forecast and Analysis

7. EUROPE HVAC CONTROLS MARKET ANALYSIS - COMPONENT

7.1 Hardware
  7.1.1 Overview
  7.1.2 Hardware Market, Revenue and Forecast to 2030 (US$ Million)
  7.1.3 Sensor
    7.1.3.1 Overview
    7.1.3.2 Sensor Market, Revenue and Forecast to 2030 (US$ Million)
  7.1.4 Controllers
    7.1.4.1 Overview
    7.1.4.2 Controllers Market, Revenue and Forecast to 2030 (US$ Million)
  7.1.5 Smart Vents
    7.1.5.1 Overview
    7.1.5.2 Smart Vents Market, Revenue and Forecast to 2030 (US$ Million)
  7.1.6 Others
    7.1.6.1 Overview
    7.1.6.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Software & Services
  7.2.1 Overview
  7.2.2 Software & Services Market, Revenue and Forecast to 2030 (US$ Million)

8. EUROPE HVAC CONTROLS MARKET ANALYSIS - INSTALLATION TYPE

8.1 Retrofit
  8.1.1 Overview
  8.1.2 Retrofit Market Revenue, and Forecast to 2030 (US$ Million)
8.2 New Installation
  8.2.1 Overview
  8.2.2 New Installation Market Revenue, and Forecast to 2030 (US$ Million)

9. EUROPE HVAC CONTROLS MARKET ANALYSIS - SYSTEM

9.1 Temperature Control System
  9.1.1 Overview
  9.1.2 Temperature Control System Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Integrated Control System
  9.2.1 Overview
  9.2.2 Integrated Control System Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Ventilation Control System
  9.3.1 Overview
  9.3.2 Ventilation Control System Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Humidity Control System
  9.4.1 Overview
  9.4.2 Humidity Control System Market Revenue, and Forecast to 2030 (US$ Million)

10. EUROPE HVAC CONTROLS MARKET ANALYSIS – END USER

10.1 Commercial
  10.1.1 Overview
  10.1.2 Commercial Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Industrial
  10.2.1 Overview
  10.2.2 Industrial Market Revenue, and Forecast to 2030 (US$ Million)
10.3 Residential
  10.3.1 Overview
  10.3.2 Residential Market Revenue, and Forecast to 2030 (US$ Million)

11. EUROPE HVAC CONTROLS MARKET - COUNTRY ANALYSIS

11.1 Overview
  11.1.1 Europe HVAC Controls Market Revenue and Forecasts and Analysis - By Country
    11.1.1.1 Europe HVAC Controls Market Revenue and Forecasts and Analysis - By Country
    11.1.1.2 UK HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)
      11.1.1.2.1 UK HVAC Controls Market Breakdown by Component
        11.1.1.2.1.1 UK HVAC Controls Market Breakdown by Hardware
      11.1.1.2.2 UK HVAC Controls Market Breakdown by Installation Type
      11.1.1.2.3 UK HVAC Controls Market Breakdown by System
      11.1.1.2.4 UK HVAC Controls Market Breakdown by End User
    11.1.1.3 Germany HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)
      11.1.1.3.1 Germany HVAC Controls Market Breakdown by Component
        11.1.1.3.1.1 Germany HVAC Controls Market Breakdown by Hardware
      11.1.1.3.2 Germany HVAC Controls Market Breakdown by Installation Type
      11.1.1.3.3 Germany HVAC Controls Market Breakdown by System
      11.1.1.3.4 Germany HVAC Controls Market Breakdown by End User
    11.1.1.4 France HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)
      11.1.1.4.1 France HVAC Controls Market Breakdown by Component
        11.1.1.4.1.1 France HVAC Controls Market Breakdown by Hardware
      11.1.1.4.2 France HVAC Controls Market Breakdown by Installation Type
      11.1.1.4.3 France HVAC Controls Market Breakdown by System
      11.1.1.4.4 France HVAC Controls Market Breakdown by End User
    11.1.1.5 Italy HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)
      11.1.1.5.1 Italy HVAC Controls Market Breakdown by Component
        11.1.1.5.1.1 Italy HVAC Controls Market Breakdown by Hardware
      11.1.1.5.2 Italy HVAC Controls Market Breakdown by Installation Type
      11.1.1.5.3 Italy HVAC Controls Market Breakdown by System
      11.1.1.5.4 Italy HVAC Controls Market Breakdown by End User
    11.1.1.6 Russia HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)
      11.1.1.6.1 Russia HVAC Controls Market Breakdown by Component
        11.1.1.6.1.1 Russia HVAC Controls Market Breakdown by Hardware
      11.1.1.6.2 Russia HVAC Controls Market Breakdown by Installation Type
      11.1.1.6.3 Russia HVAC Controls Market Breakdown by System
      11.1.1.6.4 Russia HVAC Controls Market Breakdown by End User
    11.1.1.7 Rest of Europe HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)
      11.1.1.7.1 Rest of Europe HVAC Controls Market Breakdown by Component
        11.1.1.7.1.1 Rest of Europe HVAC Controls Market Breakdown by Hardware
      11.1.1.7.2 Rest of Europe HVAC Controls Market Breakdown by Installation Type
      11.1.1.7.3 Rest of Europe HVAC Controls Market Breakdown by System
      11.1.1.7.4 Rest of Europe HVAC Controls Market Breakdown by End User

12. COMPETITIVE LANDSCAPE

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13. INDUSTRY LANDSCAPE

13.1 Overview
13.2 Market Initiatives
13.3 New Product Development
13.4 Merger and Acquisition

14. COMPANY PROFILES

14.1 Carrier Global Corporation
  14.1.1 Key Facts
  14.1.2 Business Description
  14.1.3 Products and Services
  14.1.4 Financial Overview
  14.1.5 SWOT Analysis
  14.1.6 Key Developments
14.2 DAIKIN INDUSTRIES, Ltd.
  14.2.1 Key Facts
  14.2.2 Business Description
  14.2.3 Products and Services
  14.2.4 Financial Overview
  14.2.5 SWOT Analysis
  14.2.6 Key Developments
14.3 Acuity Brands, Inc.
  14.3.1 Key Facts
  14.3.2 Business Description
  14.3.3 Products and Services
  14.3.4 Financial Overview
  14.3.5 SWOT Analysis
  14.3.6 Key Developments
14.4 Emerson Electric Co.
  14.4.1 Key Facts
  14.4.2 Business Description
  14.4.3 Products and Services
  14.4.4 Financial Overview
  14.4.5 SWOT Analysis
  14.4.6 Key Developments
14.5 Honeywell International Inc.
  14.5.1 Key Facts
  14.5.2 Business Description
  14.5.3 Products and Services
  14.5.4 Financial Overview
  14.5.5 SWOT Analysis
  14.5.6 Key Developments
14.6 Johnson Controls, Inc.
  14.6.1 Key Facts
  14.6.2 Business Description
  14.6.3 Products and Services
  14.6.4 Financial Overview
  14.6.5 SWOT Analysis
  14.6.6 Key Developments
14.7 Schneider Electric SE
  14.7.1 Key Facts
  14.7.2 Business Description
  14.7.3 Products and Services
  14.7.4 Financial Overview
  14.7.5 SWOT Analysis
  14.7.6 Key Developments
14.8 Siemens AG
  14.8.1 Key Facts
  14.8.2 Business Description
  14.8.3 Products and Services
  14.8.4 Financial Overview
  14.8.5 SWOT Analysis
  14.8.6 Key Developments
14.9 Lennox International Inc.
  14.9.1 Key Facts
  14.9.2 Business Description
  14.9.3 Products and Services
  14.9.4 Financial Overview
  14.9.5 SWOT Analysis
  14.9.6 Key Developments

15. APPENDIX

15.1 About the Insight Partners
15.2 Word Index


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