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Global Advanced HVAC Controls Market 2017-2021

Global Advanced HVAC Controls Market 2017-2021

About Advanced HVAC Controls

HVAC control systems are devices that are used to reduce energy consumption and boost the performance of HVAC units. According to the purpose for which they are used, these controllers are classified into sensors, field devices, and floor-level controllers and building-level controllers. These devices form essential components in all HVAC equipment and are used in both residential and non-residential installations. Advanced HVAC controls can reduce operational and maintenance costs and energy consumption efficiently.

Technavio’s analysts forecast the global advanced HVAC controls market to grow at a CAGR of 6.04% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global advanced hvac controls market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Advanced HVAC Controls Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Honeywell International
  • Johnson Controls
  • Mitsubishi Electric
  • Schneider Electric
  • Siemens
Other prominent vendors
  • Azbil
  • Delta Controls
  • Distech Controls
  • Mass Electronics
  • KMC Controls
  • NanoSense
  • Reliable Controls
  • Fr. Sauter AG
  • Trane
  • Triatek
Market driver
  • Increasing demand for HVAC equipment
  • For a full, detailed list, view our report
Market challenge
  • High capital and R&D investments
  • For a full, detailed list, view our report
Market trend
  • Increasing use of building automated systems (BAS)
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Advanced HVAC Controls Market 2017-2021

Technavio recognizes the following companies as the key players in the global advanced HVAC controls market: Honeywell International, Johnson Controls, Mitsubishi Electric, Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: Azbil, Delta Controls, Distech Controls, Mass Electronics, KMC Controls, NanoSense, Reliable Controls, Fr. Sauter AG, Trane, and Triatek.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of building automated systems (BAS). Technology is advancing each day, and everyone is keen on following the latest trend. Whether it is home or office, people prefer home or office to be advanced, thus spurring the demand for building automated systems (BAS) to higher levels.”

According to the report, one driver in the market is increasing demand for HVAC equipment. According to Technavio, the global HVAC market is expected to grow at a CAGR of 5.24% during 2016-2021. This data shows that the advanced HVAC controls market has huge potential as these forms an important component of HVAC equipment. There is a high demand for HVAC equipment in countries where both heating and cooling devices are used. In addition, countries like China, which are developing rapidly, require air quality monitoring systems to prevent respiratory diseases due to the rampant pollution.

Further, the report states that one challenge in the market is high capital and R&D investments. The HVAC controls market requires huge initial investments, especially to manufacture technologically advanced and high-quality products. Vendors need to make high investments in R&D as the HVAC controls market is growing more advanced technologically, while customers also prefer to buy an updated product rather than opting for an outdated one. This compels companies to invest more in R&D to update the controls with the advances in the HVAC market.

Companies Mentioned

Honeywell International, Johnson Controls, Mitsubishi Electric, Schneider Electric, Siemens, Azbil, Delta Controls, Distech Controls, Mass Electronics, KMC Controls, NanoSense, Reliable Controls, Fr. Sauter AG, Trane, and Triatek.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Major functions of advanced HVAC controls
      • Table Global advanced HVAC controls market by geography 2016-2021
  • Market landscape
    • Market overview
      • Table Global advanced HVAC controls market segmentation
    • Market size and forecast
      • Table Global advanced HVAC controls market 2016-2021 ($ billion)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global advanced HVAC controls market segmentation by products
      • Table Global advanced HVAC controls market by product 2016 and 2021 (%)
    • Sensors
      • Table Global advanced HVAC controls market by sensors ($ billions)
      • Table Different types of sensors used in HVAC systems
    • Field devices
      • Table Global advanced HVAC controls market by field devices ($ billions)
    • Floor-level and building level controllers
      • Table Global advanced HVAC controls market by floor-level and building-level controllers($ billions)
  • Market segmentation by end-user
    • Market overview
      • Table Global advanced HVAC controls market by end-user 2016 and 2021 (%)
    • Non-residential
      • Table Global advanced HVAC controls market in non-residential sector ($ billions)
    • Residential
      • Table Global advanced HVAC controls market in residential sector ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Global advanced HVAC controls market by geography 2016 and 2021 (%)
    • APAC
      • Table Advanced HVAC controls market in APAC ($ billions)
    • EMEA
      • Table Advanced HVAC controls market in EMEA ($ billions)
    • Americas
      • Table Advanced HVAC controls market in Americas ($ billions)
      • Table Residential and non-residential construction in US 2014-2016 (in thousands of units)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global HVAC market 2016-2021 ($ billions)
      • Table Newly constructed privately owned housing units in US 2014-2016 (number of units)
    • Market challenges
      • Table Difficulties in operating advanced HVAC controls
  • Market trends
    • Table Major trends in HVAC controls market
    • Increasing use of building automated systems (BAS)
    • Adoption of IoT and Cloud-based systems
    • Growing market for smart thermostats
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Honeywell International
      • Table Honeywell International: Product portfolio
      • Table Honeywell International: Advanced HVAC control products
      • Table Honeywell International: Key highlights
    • Johnson Controls
      • Table Johnson Controls: HVAC control products
      • Table Johnson Controls: Key highlights
    • Mitsubishi Electric
      • Table Mitsubishi Electric: Product portfolio
      • Table Mitsubishi Electric: Key highlights
    • Schneider Electric
      • Table Schneider Electric: Product portfolio
      • Table Schneider Electric: Key highlights
    • Siemens
      • Table Siemens: HVAC product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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