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HVAC Control Systems Market by End-users, Product, and Geography - Global Forecast and Analysis 2019-2023

HVAC Control Systems Market by End-users, Product, and Geography - Global Forecast and Analysis 2019-2023

Global HVAC Control Systems Market: About this market

Technavio’s 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.

For the detailed list of factors that will drive the global HVAC control systems market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global HVAC control systems market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading HVAC control systems manufacturers, that include 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, and Siemens AG.

Also, the HVAC control systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendors: Key product offerings
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global electrical equipment market
      • Table Segments of global electrical equipment market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Automotive - Market size and forecast 2018-2023
      • Table Automotive - Market size and forecast 2018-2023 ($ millions)
      • Table Automotive - Year-over-year growth 2019-2023 (%)
    • Residential - Market size and forecast 2018-2023
      • Table Residential - Market size and forecast 2018-2023 ($ millions)
      • Table Residential - Year-over-year growth 2019-2023 (%)
    • Commercial - Market size and forecast 2018-2023
      • Table Commercial - Market size and forecast 2018-2023 ($ millions)
      • Table Commercial - Year-over-year growth 2019-2023 (%)
    • Industrial - Market size and forecast 2018-2023
      • Table Industrial - Market size and forecast 2018-2023 ($ millions)
      • Table Industrial - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Sensors - Market size and forecast 2018-2023
      • Table Sensors - Market size and forecast 2018-2023 ($ millions)
      • Table Sensors - Year-over-year growth 2019-2023 (%)
    • Controlled devices - Market size and forecast 2018-2023
      • Table Controlled devices - Market size and forecast 2018-2023 ($ millions)
      • Table Controlled devices - Year-over-year growth 2019-2023 (%)
    • Controllers - Market size and forecast 2018-2023
      • Table Controllers - Market size and forecast 2018-2023 ($ millions)
      • Table Controllers - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Personalization of HVAC controls
    • Communication advances in HVAC control systems
    • Increasing focus on integrated building management systems
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Azbil Corp.
      • Table Azbil Corp. - Vendor overview
      • Table Azbil Corp. - Product segments
      • Table Azbil Corp. - Organizational developments
      • Table Azbil Corp. - Geographic focus
      • Table Azbil Corp. - Segment focus
      • Table Azbil Corp. - Key offerings
    • Delta Electronics Inc.
      • Table Delta Electronics Inc. - Vendor overview
      • Table Delta Electronics Inc. - Business segments
      • Table Delta Electronics Inc. - Organizational developments
      • Table Delta Electronics Inc. - Geographic focus
      • Table Delta Electronics Inc. - Segment focus
      • Table Delta Electronics Inc. - Key offerings
    • Emerson Electric Co.
      • Table Emerson Electric Co. - Vendor overview
      • Table Emerson Electric Co. - Business segments
      • Table Emerson Electric Co. - Organizational developments
      • Table Emerson Electric Co. - Geographic focus
      • Table Emerson Electric Co. - Segment focus
      • Table Emerson Electric Co. - Key offerings
    • Honeywell International Inc.
      • Table Honeywell International Inc. - Vendor overview
      • Table Honeywell International Inc. - Business segments
      • Table Honeywell International Inc. - Organizational developments
      • Table Honeywell International Inc. - Geographic focus
      • Table Honeywell International Inc. - Segment focus
      • Table Honeywell International Inc. - Key offerings
    • Ingersoll-Rand Plc
      • Table Ingersoll-Rand Plc - Vendor overview
      • Table Ingersoll-Rand Plc - Business segments
      • Table Ingersoll-Rand Plc - Organizational developments
      • Table Ingersoll-Rand Plc - Geographic focus
      • Table Ingersoll-Rand Plc - Segment focus
      • Table Ingersoll-Rand Plc - Key offerings
    • Johnson Controls International Plc
      • Table Johnson Controls International Plc - Vendor overview
      • Table Johnson Controls International Plc - Business segments
      • Table Johnson Controls International Plc - Organizational developments
      • Table Johnson Controls International Plc - Geographic focus
      • Table Johnson Controls International Plc - Segment focus
      • Table Johnson Controls International Plc - Key offerings
    • Lennox International Inc.
      • Table Lennox International Inc. - Vendor overview
      • Table Lennox International Inc. - Business segments
      • Table Lennox International Inc. - Organizational developments
      • Table Lennox International Inc. - Geographic focus
      • Table Lennox International Inc. - Segment focus
      • Table Lennox International Inc. - Key offerings
    • Mitsubishi Electric Corp.
      • Table Mitsubishi Electric Corp. - Vendor overview
      • Table Mitsubishi Electric Corp. - Business segments
      • Table Mitsubishi Electric Corp. - Organizational developments
      • Table Mitsubishi Electric Corp. - Geographic focus
      • Table Mitsubishi Electric Corp. - Segment focus
      • Table Mitsubishi Electric Corp. - Key offerings
    • Schneider Electric SE
      • Table Schneider Electric SE - Vendor overview
      • Table Schneider Electric SE - Business segments
      • Table Schneider Electric SE - Organizational developments
      • Table Schneider Electric SE - Geographic focus
      • Table Schneider Electric SE - Segment focus
      • Table Schneider Electric SE - Key offerings
    • Siemens AG
      • Table Siemens AG - Vendor overview
      • Table Siemens AG - Business segments
      • Table Siemens AG - Organizational developments
      • Table Siemens AG - Geographic focus
      • Table Siemens AG - Segment focus
      • Table Siemens AG - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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