hvac controls Market

The HVAC Controls Market size is expected to reach US$ 41.32 billion by 2030 from 9.73 billion in 2022, with an estimated CAGR of 19.8% from 2022 to 2030.

The North American HVAC controls Market is segmented into the US, Canada, and Mexico. The US is estimated to hold the largest HVAC controls market share during the forecast period. HVAC control systems are widely used across the region owing to several benefits, such as power-saving measures. The market is primarily driven by increasing housing projects, high construction spending, fast urbanization, and rising disposable income. Canada and the US are two of the top ten energy-consuming nations in the world, with the US registering the second position after China. The majority of people in the US have air conditioners. Moreover, Daikin is anticipated to increase the adoption of lower global warming potential (GWP) refrigerant R32 by creating ducted and ductless homes and light commercial and air conditioning solutions for North America. Daikin claims that the selection of R32 is consistent with its widespread popularity. Similarly, in January 2022, Daikin Applied introduced SiteLine Building Controls, a portfolio of cloud-based, scalable technologies to effortlessly monitor, connect, and manage individual HVAC equipment and integrated building systems. With SiteLine, building owners and operators will be able to access tools and insights to optimize performance, improve indoor air quality, and trim energy use and carbon emissions.

Based on end user, the HVAC controls market is segmented into commercial, industrial, and residential. The commercial segment held the largest share in the HVAC controls market. Buildings with commercial HVAC systems have interconnected systems that deliver heating, ventilation, and cooling to specific floors or other parts of the building. Heat pumps are frequently a part of commercial HVAC systems and are used to heat water or air. Water source heat pumps are equipped with pipes that distribute water throughout the structure. Although they could be on the ground, roof top units are normally on the building's roof. They work to supply the facility with the conditioned air. Cool water is produced by chillers and supplied through pipes to air cooling coils. There are two types of heaters used in commercial HVAC systems: furnaces that burn fuel to heat the air within the building and radiant heaters that use infrared radiation to heat the air.

Based on installation type, the HVAC controls market is segmented into retrofit and new installation. The retrofit segment held the largest share in the HVAC controls market. The majority of retrofit projects are the consequence of nagging comfort, operational, and efficiency issues that can't be resolved by changing the air distribution system or calibrating the equipment. The type of heating and cooling system that is currently installed in the building will have a significant impact on the HVAC commercial retrofit possibilities. The best retrofit candidates are often package rooftop units, boilers, and chillers. Poor air flow, varying temperatures in different zones, and high humidity are issues that can be resolved with a commercial HVAC retrofit. Performance can be significantly improved with even minor adjustments like adding economizers and sealing the ducting. The comfort, health, and safety of the building can be increased relatively cheaply by retrofitting commercial HVAC systems. It leads to the growth of HVAC controls market

Carrier, Daikin, Delta Controls, Distech Control Inc., Emerson Electric Co., Honeywell International Inc, Johnson Controls, Lennox International Inc, Siemens, and Schneider Electric are among the key HVAC Controls Market players that are profiled in this market study.

The overall HVAC Controls Market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the HVAC Controls Market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the HVAC Controls Market.