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HVAC Controls Market Worth 17.51 Billion USD by 2022


News provided by

MarketsandMarkets

01 Apr, 2016, 13:30 GMT

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PUNE, India, April 1, 2016 /PRNewswire/ --

According to the new market research report "HVAC Controls Market by System (Temperature, Ventilation, Humidity & Integrated Controls), Component (Sensors and Controllers & Controlled Devices), Revenue Source (HVAC Controls & BEMS), Application, and Geography - Global Trend and Forecast to 2022", published by MarketsandMarkets, the market is expected to reach USD 17.51 Billion by 2022, at a CAGR of 10.8% between 2016 and 2022.

     (Photo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 86 Tables and 101 Figures spread through 222 Pages and in-depth TOC on "HVAC Controls Market".

http://www.marketsandmarkets.com/Market-Reports/smart-hvac-controls-market-130456761.html

Early buyers will receive 10% customization on this report. 

The major factors driving the HVAC controls market include the growing demand for improved energy-efficient devices and low environmental impact with the use of HVAC controls, growing number of construction activities, and increased legislation and energy management initiatives by the government for increasing the adoption of HVAC. Factors such as the high level of efficiency through wireless controls and sensors and tax reduction from government further support the growth of the HVAC controls market.

Sensors market expected to grow rapidly during the forecast period 

The market for the sensors component of HVAC controls is expected to grow at a higher CAGR as compared to the controllers and controlled devices market. The main factor driving the demand for sensors is the continuous technological development in the field for developing new types of sensor for the commercial and residential building markets. In the HVAC industry, sensor is an integral component which helps in conditioning the smart HVAC control efficiently. The major factor driving this market is growing need for sensors to adjust the environment according to the external climate and the occupancy in the building, which requires various sensors such as humidity, air flow, and air quality sensors.

Integrated control systems market to have potential growth by 2022 

The market for integrated control systems is expected to grow at the highest CAGR during the forecast period. This is mainly because that they deliver the benefits of two to more controls within a single device. This helps in ensuring the smooth process of maintaining, controlling, and managing the temperature inside the building. It also eliminates the need to give different inputs for different functions, which is time-consuming. The high demand for integrated control systems in industrial buildings as well as the regulations in the residential and commercial buildings would drive the growth rate of the HVAC controls market in these applications as well.

Market in APAC expected to grow at the highest CAGR during the forecast period 

HVAC controls are increasingly being implemented in APAC owing to the growing demand for high-quality energy-efficient devices and the increasing number of construction activities. Moreover, HVAC controls help in reducing the energy consumption as well as the cost required for the energy. The implementation of HVAC controls helps improve the efficiency of residential as well as commercial buildings.

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=130456761

The major companies involved in the development of HVAC controls include Delta Controls Inc. (U.S.), Distech Controls Inc. (U.S.), Emerson Electric Co. (U.S.), Honeywell International Inc. (U.S.), Ingersoll Rand Plc. (Ireland), Johnson Controls, Inc. (U.S.), KMC Controls Inc. (U.S.), Lennox International Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), and United Technologies Corporation (U.S.).

This research report categorizes the global HVAC controls market on the basis of system, component, revenue source, application, and geography. This report describes the drivers, restraints, opportunities, and challenges with respect to the HVAC controls market. The Porter's five forces analysis has been included in the report with a description of each of the forces along with its respective impact on the HVAC controls market.

Browse Related Reports 

Building Automation System Market - by Product Segments (HVAC Controls, Lighting Control system, video surveillance, biometric access control, fire sprinkler, fire alarm), Communication Protocol Application and Geography - Global Forecast To 2022

http://www.marketsandmarkets.com/Market-Reports/building-automation-control-systems-market-408.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors  

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