Asia Pacific HVAC Controls Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component Type (Sensors, Controllers, Smart Vents, and Others), Installation Type (New Installation and Retrofit), System (Temperature Control System, Humidity
Description
Asia Pacific HVAC Controls Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component Type (Sensors, Controllers, Smart Vents, and Others), Installation Type (New Installation and Retrofit), System (Temperature Control System, Humidity Control System, Ventilation Control System, and Integrated Control System), and End User (Residential, Commercial, and Industrial)
The Asia Pacific HVAC controls market is expected to grow from US$ 1,370.07 million in 2022 to US$ 3,661.03 million by 2028; it is estimated to grow at a CAGR of 17.8% from 2022 to 2028.
Geothermal systems and smart thermostats have incorporated new green technologies that are fundamentally altering the HVAC sector. A green approach to real estate development has become crucial for HVAC professionals and property owners. As a result, many HVAC experts and customers have expressed an interest in purchasing energy-efficient systems for cost saving purpose. The growth of HVAC systems with alternate heating fuel use, such as electricity and hydrogen, is driven by the surge in demand for green labelled items due to increased consumer environmental awareness. Manufacturers such as Daikin and Carrier are constantly working to offer cleaner solutions to satisfy the needs of environmentally conscious consumers. For instance, Carriers' Hybrid Heat System combines smart infinity control technology with a heat source, and the heat pump can switch between affordable energy sources according to the weather outside. Governments have begun to support eco-initiatives and advance eco-friendly HVAC systems. There will always be resources and support available under this voluntary initiative to assist participants in implementing additional possibilities for improvement. Green solutions are available for heating and cooling, and sustainability programs. The ultimate objective is to reduce emissions over the NYC by 85% by 2050. Thus, advancements in green technology will boost the demand for HVAC controls in the coming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific HVAC controls market. The Asia Pacific HVAC controls market is expected to grow at a good CAGR during the forecast period.
Asia Pacific HVAC Controls Market Revenue and Forecast to 2028 (US$ Million )
Asia Pacific HVAC controls market Segmentation
The Asia Pacific HVAC controls market is segmented based on by component type, installation, system, end user, and country. Based on component, the Asia Pacific HVAC controls market is divided into Sensors, controllers, smart vents, and others. The controllers segment dominated the Asia Pacific HVAC controls market in 2022. Based on installation, the Asia Pacific HVAC controls market is categorized into new installation and retrofit. The retrofit segment dominated the Asia Pacific HVAC controls market in 2022. Based on system, the Asia Pacific HVAC controls market is categorized into temperature control system, humidity control system, ventilation control system, and integrated control system. The temperature control system segment dominated the Asia Pacific HVAC controls market in 2022. Based on end user, the Asia Pacific HVAC controls market is categorized into residential, commercial, and industrial. The industrial segment dominated the Asia Pacific HVAC controls market in 2022. Based on country, the Asia Pacific HVAC controls market is segmented into Australia, India, China, Japan, South Korea, and Rest of Asia Pacific. China dominated the Asia Pacific HVAC controls market in 2022.
Carrier Global Corporation; DAIKIN INDUSTRIES, Ltd.; Delta Controls; Distech Control; Emerson Electric Co.; Honeywell International Inc.; Johnson Controls, Inc.; Schneider Electric SE; Siemens AG; and Lennox International Inc. by Altair are among the leading companies in the Asia Pacific HVAC controls market.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC HVAC controls market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC HVAC controls market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the APAC HVAC controls market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
The Asia Pacific HVAC controls market is expected to grow from US$ 1,370.07 million in 2022 to US$ 3,661.03 million by 2028; it is estimated to grow at a CAGR of 17.8% from 2022 to 2028.
Geothermal systems and smart thermostats have incorporated new green technologies that are fundamentally altering the HVAC sector. A green approach to real estate development has become crucial for HVAC professionals and property owners. As a result, many HVAC experts and customers have expressed an interest in purchasing energy-efficient systems for cost saving purpose. The growth of HVAC systems with alternate heating fuel use, such as electricity and hydrogen, is driven by the surge in demand for green labelled items due to increased consumer environmental awareness. Manufacturers such as Daikin and Carrier are constantly working to offer cleaner solutions to satisfy the needs of environmentally conscious consumers. For instance, Carriers' Hybrid Heat System combines smart infinity control technology with a heat source, and the heat pump can switch between affordable energy sources according to the weather outside. Governments have begun to support eco-initiatives and advance eco-friendly HVAC systems. There will always be resources and support available under this voluntary initiative to assist participants in implementing additional possibilities for improvement. Green solutions are available for heating and cooling, and sustainability programs. The ultimate objective is to reduce emissions over the NYC by 85% by 2050. Thus, advancements in green technology will boost the demand for HVAC controls in the coming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific HVAC controls market. The Asia Pacific HVAC controls market is expected to grow at a good CAGR during the forecast period.
Asia Pacific HVAC Controls Market Revenue and Forecast to 2028 (US$ Million )
Asia Pacific HVAC controls market Segmentation
The Asia Pacific HVAC controls market is segmented based on by component type, installation, system, end user, and country. Based on component, the Asia Pacific HVAC controls market is divided into Sensors, controllers, smart vents, and others. The controllers segment dominated the Asia Pacific HVAC controls market in 2022. Based on installation, the Asia Pacific HVAC controls market is categorized into new installation and retrofit. The retrofit segment dominated the Asia Pacific HVAC controls market in 2022. Based on system, the Asia Pacific HVAC controls market is categorized into temperature control system, humidity control system, ventilation control system, and integrated control system. The temperature control system segment dominated the Asia Pacific HVAC controls market in 2022. Based on end user, the Asia Pacific HVAC controls market is categorized into residential, commercial, and industrial. The industrial segment dominated the Asia Pacific HVAC controls market in 2022. Based on country, the Asia Pacific HVAC controls market is segmented into Australia, India, China, Japan, South Korea, and Rest of Asia Pacific. China dominated the Asia Pacific HVAC controls market in 2022.
Carrier Global Corporation; DAIKIN INDUSTRIES, Ltd.; Delta Controls; Distech Control; Emerson Electric Co.; Honeywell International Inc.; Johnson Controls, Inc.; Schneider Electric SE; Siemens AG; and Lennox International Inc. by Altair are among the leading companies in the Asia Pacific HVAC controls market.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC HVAC controls market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC HVAC controls market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the APAC HVAC controls market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
152 Pages
- 1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 APAC HVAC Controls Market – By Component Type
- 1.3.2 APAC HVAC Controls Market – By Installation
- 1.3.3 APAC HVAC Controls Market – By Application
- 1.3.4 Industrial APAC HVAC Controls Market – By End User
- 1.3.5 APAC HVAC Controls Market – By Country
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. APAC HVAC Controls Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 APAC
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. APAC HVAC Controls Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Development in Construction Sector
- 5.1.2 Progress of Smart, Connected, and Energy Efficient IOT-enabled HVAC Systems
- 5.2 Market Restraints
- 5.2.1 Absence of Awareness Among End-Users Leads to Low HVAC Controls Adoption
- 5.3 Market Opportunities
- 5.3.1 Growing Adoption of Cloud Computing in HVAC
- 5.3.2 Growth of Smart Cities
- 5.4 Future Trends
- 5.4.1 Raise in Green Technology
- 5.5 Impact Analysis of Drivers and Restraints
- 6. HVAC Controls Market – APAC Market Analysis
- 6.1 APAC HVAC Controls Market Forecast and Analysis
- 7. APAC HVAC Controls Market – by Component
- 7.1 Overview
- 7.2 APAC HVAC Controls Market, By Component (2021 And 2028)
- 7.3 Sensors
- 7.3.1 Overview
- 7.3.2 Sensors: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
- 7.4 Controllers
- 7.4.1 Overview
- 7.4.2 Controllers: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
- 7.5 Smart Vents
- 7.5.1 Overview
- 7.5.2 Smart Vents: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
- 7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
- 8. APAC HVAC Controls Market – By Installation Type
- 8.1 Overview
- 8.2 APAC HVAC Controls Market, By Installation Type (2021 And 2028)
- 8.3 New Installation
- 8.3.1 Overview
- 8.3.2 New Installation: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
- 8.4 Retrofit
- 8.4.1 Overview
- 8.4.2 Retrofit: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
- 9. APAC HVAC Controls Market – by System
- 9.1 Overview
- 9.2 APAC HVAC Controls Market, By System (2021 And 2028)
- 9.3 Temperature Control System
- 9.3.1 Overview
- 9.3.2 Temperature Control System: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
- 9.4 Humidity Control System
- 9.4.1 Overview
- 9.4.2 Humidity Control System: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
- 9.5 Ventilation Control System
- 9.5.1 Overview
- 9.5.2 Ventilation Control System: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
- 9.6 Integrated Control System
- 9.6.1 Overview
- 9.6.2 Integrated Control System: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
- 10. APAC HVAC Controls Market – by End User
- 10.1 Overview
- 10.2 APAC HVAC Controls Market, By End User (2021 And 2028)
- 10.3 Residential
- 10.3.1 Overview
- 10.3.2 Residential: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
- 10.4 Commercial
- 10.4.1 Overview
- 10.4.2 Commercial: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
- 10.5 Industrial
- 10.5.1 Overview
- 10.5.2 Industrial: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
- 11. APAC HVAC Controls Market – by Country Analysis
- 11.1 APAC: HVAC Controls Market
- 11.1.1 Overview
- 11.1.2 APAC: HVAC Controls, by Key Country
- 11.1.2.1 Australia HVAC Controls Market, Revenue and Forecast to 2028 (US$ million)
- 11.1.2.1.1 Australia: HVAC Controls, By Component
- 11.1.2.1.2 Australia: HVAC Controls Market, By Installation Type
- 11.1.2.1.3 Australia: HVAC Controls Market, By System
- 11.1.2.1.4 Australia: HVAC Controls Market, By End User
- 11.1.2.2 China HVAC Controls Market, Revenue and Forecast to 2028 (US$ million)
- 11.1.2.2.1 China: HVAC Controls, By Component
- 11.1.2.2.2 China: HVAC Controls Market, By Installation Type
- 11.1.2.2.3 China: HVAC Controls Market, By System
- 11.1.2.2.4 China: HVAC Controls Market, By End User
- 11.1.2.3 India HVAC Controls Market, Revenue and Forecast to 2028 (US$ million)
- 11.1.2.3.1 India: HVAC Controls, By Component
- 11.1.2.3.2 India: HVAC Controls Market, By Installation Type
- 11.1.2.3.3 India: HVAC Controls Market, By System
- 11.1.2.3.4 India: HVAC Controls Market, By End User
- 11.1.2.4 Japan HVAC Controls Market, Revenue and Forecast to 2028 (US$ million)
- 11.1.2.4.1 Japan: HVAC Controls, By Component
- 11.1.2.4.2 Japan: HVAC Controls Market, By Installation Type
- 11.1.2.4.3 Japan: HVAC Controls Market, By System
- 11.1.2.4.4 Japan: HVAC Controls Market, By End User
- 11.1.2.5 South Korea HVAC Controls Market, Revenue and Forecast to 2028 (US$ million)
- 11.1.2.5.1 South Korea: HVAC Controls, By Component
- 11.1.2.5.2 South Korea: HVAC Controls Market, By Installation Type
- 11.1.2.5.3 South Korea: HVAC Controls Market, By System
- 11.1.2.5.4 South Korea: HVAC Controls Market, By End User
- 11.1.2.6 Rest of APAC HVAC controls market, Revenue and Forecast to 2028 (US$ million)
- 11.1.2.6.1 Rest of APAC: HVAC Controls, By Component
- 11.1.2.6.2 Rest of APAC: HVAC Controls Market, By Installation Type
- 11.1.2.6.3 Rest of APAC: HVAC Controls Market, By System
- 11.1.2.6.4 Rest of APAC: HVAC Controls Market, By End User
- 12. Industry Landscape
- 12.1 Market Initiative
- 12.2 Merger and Acquisition
- 12.3 New Development
- 13. Company Profiles
- 13.1 Carrier Global Corporation
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 DAIKIN INDUSTRIES, Ltd.
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Delta Controls
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 Distech Controls
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Emerson Electric Co.
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 Honeywell International Inc.
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 Johnson Controls, Inc.
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Schneider Electric SE
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 Siemens AG
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Lennox International Inc.
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
- 14. Appendix
- 14.1 About The Insight Partners
- 14.2 Glossary
- LIST OF TABLES
- Table 1. APAC HVAC Controls Market, Revenue and Forecast, 2019–2028 (US$ Million)
- Table 2. Australia: HVAC Controls, By Component –Revenue and Forecast to 2028 (US$ Million)
- Table 3. Australia: HVAC Controls Market, By Installation Type –Revenue and Forecast to 2028 (US$ Million)
- Table 4. Australia: HVAC Controls Market, By System–Revenue and Forecast to 2028 (US$ Million)
- Table 5. Australia: HVAC Controls Market, By End User –Revenue and Forecast to 2028 (US$ Million)
- Table 6. China: HVAC Controls, By Component –Revenue and Forecast to 2028 (US$ Million)
- Table 7. China: HVAC Controls Market, By Installation Type –Revenue and Forecast to 2028 (US$ Million)
- Table 8. China: HVAC Controls Market, By System–Revenue and Forecast to 2028 (US$ Million)
- Table 9. China: HVAC Controls Market, By End User –Revenue and Forecast to 2028 (US$ Million)
- Table 10. India: HVAC Controls, By Component –Revenue and Forecast to 2028 (US$ Million)
- Table 11. India: HVAC Controls Market, By Installation Type –Revenue and Forecast to 2028 (US$ Million)
- Table 12. India: HVAC Controls Market, By System–Revenue and Forecast to 2028 (US$ Million)
- Table 13. India: HVAC Controls Market, By End User –Revenue and Forecast to 2028 (US$ Million)
- Table 14. Japan: HVAC Controls, By Component –Revenue and Forecast to 2028 (US$ Million)
- Table 15. Japan: HVAC Controls Market, By Installation Type –Revenue and Forecast to 2028 (US$ Million)
- Table 16. Japan: HVAC Controls Market, By System–Revenue and Forecast to 2028 (US$ Million)
- Table 17. Japan: HVAC Controls Market, By End User –Revenue and Forecast to 2028 (US$ Million)
- Table 18. South Korea: HVAC Controls, By Component –Revenue and Forecast to 2028 (US$ Million)
- Table 19. South Korea: HVAC Controls Market, By Installation Type –Revenue and Forecast to 2028 (US$ Million)
- Table 20. South Korea: HVAC Controls Market, By System–Revenue and Forecast to 2028 (US$ Million)
- Table 21. South Korea: HVAC Controls Market, By End User –Revenue and Forecast to 2028 (US$ Million)
- Table 22. Rest of APAC: HVAC Controls, By Component –Revenue and Forecast to 2028 (US$ Million)
- Table 23. Rest of APAC: HVAC Controls Market, By Installation Type –Revenue and Forecast to 2028 (US$ Million)
- Table 24. Rest of APAC: HVAC Controls Market, By System–Revenue and Forecast to 2028 (US$ Million)
- Table 25. Rest of APAC: HVAC Controls Market, By End User –Revenue and Forecast to 2028 (US$ Million)
- Table 26. Glossary of Terms, HVAC Controls Market
- LIST OF FIGURES
- Figure 1. APAC HVAC Controls Market Segmentation
- Figure 2. APAC HVAC Controls Market Segmentation – by Country
- Figure 3. APAC HVAC Controls Market Overview
- Figure 4. APAC HVAC Controls Market, By Component Type
- Figure 5. APAC HVAC Controls Market, By Installation
- Figure 6. APAC HVAC Controls Market, By Application
- Figure 7. APAC HVAC Controls Market, By End User
- Figure 8. APAC HVAC Controls Market, By Country
- Figure 9. APAC: PEST Analysis
- Figure 10. APAC HVAC Controls Market Ecosystem Analysis
- Figure 11. APAC Expert Opinion
- Figure 12. APAC HVAC Controls Market: Impact Analysis of Drivers and Restraints
- Figure 13. APAC HVAC Controls Market, Forecast and Analysis (US$ Million)
- Figure 14. APAC HVAC Controls Market, By Component (2021 and 2028)
- Figure 15. APAC Sensors: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
- Figure 16. APAC Controllers: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
- Figure 17. APAC Smart Vents: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
- Figure 18. APAC Others: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
- Figure 19. APAC HVAC Controls Market, By Installation Type (2021 and 2028)
- Figure 20. APAC New Installation: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
- Figure 21. APAC Retrofit: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
- Figure 22. APAC HVAC Controls Market, By System (2021 and 2028)
- Figure 23. APAC Temperature Control System: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
- Figure 24. APAC Humidity Control System: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
- Figure 25. APAC Ventilation Control System: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
- Figure 26. APAC Integrated Control System: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
- Figure 27. APAC HVAC Controls Market, By End User (2021 and 2028)
- Figure 28. APAC Residential: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
- Figure 29. APAC Commercial: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
- Figure 30. APAC Industrial: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
- Figure 31. APAC: HVAC Controls Market, By Key Country – Revenue (2021) (US$ Million)
- Figure 32. APAC: HVAC Controls Revenue Share, By Key Country (2021 and 2028)
- Figure 33. Australia HVAC Controls Market, Revenue and Forecast To 2028 (US$ million)
- Figure 34. China HVAC Controls Market, Revenue and Forecast To 2028 (US$ million)
- Figure 35. India HVAC Controls Market, Revenue and Forecast To 2028 (US$ million)
- Figure 36. Japan HVAC Controls Market, Revenue and Forecast To 2028 (US$ million)
- Figure 37. South Korea HVAC Controls Market, Revenue and Forecast To 2028 (US$ million)
- Figure 38. Rest of APAC HVAC controls market, Revenue and Forecast To 2028 (US$ million)
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