Apr 3, 2020   SOURCE: BusinessWire

Worldwide HVAC Control Systems Industry (2019 to 2023) - by End-users, Product and Geography - ResearchAndMarkets.com

The "HVAC Control Systems Market by End-users, Product, and Geography - Global Forecast and Analysis 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The HVAC control systems market analysis considers sales from products like sensors, controlled devices, and controllers. Our analysis also considers the sales of HVAC control systems in APAC, Europe, North America, South America, and MEA.

In 2018, the sensors segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as significant investment in R&D to develop and enhance temperature sensor functionalities will play a significant role in the sensors segment to maintain its market position.

Also, our global HVAC control systems market report looks at factors such as advances in temperature control systems, inorganic growth of global HVAC control systems market, and rising demand for efficient and fail-proof HVAC controls. However, the need for high R&D investments, cybersecurity issues in HVAC control systems, and lack of skilled labor in HVAC industry may hamper the growth of the HVAC control systems industry over the forecast period.

Global HVAC Control Systems Market: Overview

Rising demand for efficient and fail-proof HVAC controls

The demand for stable temperature maintenance and efficient monitoring of HVAC systems is increasing across several industries. This is increasing the demand for efficient and fail-proof HVAC controls, especially from cold storage plants, data centers, food processing facilities, medical, and pharmaceutical industry. The ability of HVAC controls to operate and maintain the temperature and environment at optimum levels is a key factor that increases the adoption of automation in HVAC controls, mainly in cold storage plants. Similarly, the increase in the number of data centers that comprise sensitive electronic components and require continuous monitoring of temperature, humidity, airflow, and other parameters is driving the demand for efficient and fail-proof HVAC controls. This will lead to the expansion of the global HVAC control systems market at a CAGR of almost 6% during the forecast period.

Personalization of HVAC controls

Building automation is becoming one of the fastest-growing segments in the automation industry. Advances in automation have led to the introduction of personalization in HVAC controls, which allows occupants in buildings to adjust the temperature, humidity, and various other parameters within a certain area. Further, personalized HVAC controls can also be integrated with analytics software to track user behavior. Moreover, the personalization of HVAC controls improves the energy efficiency of buildings. The rising need for energy efficiency in several commercial buildings across regions will increase the adoption of such types of HVAC control systems, which will positively impact the growth of the global HVAC control systems market during the forecast period.

Key Topics Covered:

1. EXECUTIVE SUMMARY

2. SCOPE OF THE REPORT

  • Preface
  • Currency conversion rates for US$

3. MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

4. MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

5. FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

6. MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user
  • Comparison by end-user
  • Automotive - Market size and forecast 2018-2023
  • Residential - Market size and forecast 2018-2023
  • Commercial - Market size and forecast 2018-2023
  • Industrial - Market size and forecast 2018-2023
  • Market opportunity by end-user

7. CUSTOMER LANDSCAPE

8. MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • Sensors - Market size and forecast 2018-2023
  • Controlled devices - Market size and forecast 2018-2023
  • Controllers - Market size and forecast 2018-2023
  • Market opportunity by product

9. GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

10. DECISION FRAMEWORK

11. DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

12. MARKET TRENDS

  • Personalization of HVAC controls
  • Communication advances in HVAC control systems
  • Increasing focus on integrated building management systems

13. VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

14. VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

15. APPENDIX

Companies Mentioned

  • Azbil Corp.
  • Delta Electronics Inc.
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Ingersoll-Rand Plc
  • Johnson Controls International Plc
  • Lennox International Inc.
  • Mitsubishi Electric Corp.
  • Schneider Electric SE
  • Siemens AG.

For more information about this report visit https://www.researchandmarkets.com/r/hllopj