DUBLIN--(BUSINESS WIRE)--The "HVAC Controls Market by System (Temperature, Ventilation, Humidity, Integrated Controls), Component (Sensors, and Controllers & Controlled Devices), Implementation Type, Application, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The HVAC controls market was valued at USD 13.63 billion in 2018 and is expected to reach USD 27.04 billion by 2023, at a CAGR of 12.1% between 2018 and 2023
Major driving factors of the market include the need for efficient use of energy in buildings, growing construction market, increasing adoption of IoT in the HVAC industry, and rising demand for building automation systems (BASs). However, complexity in upgrading the existing HVAC systems pose a challenge for the market growth.
The integrated control system is expected to grow at the highest CAGR between 2018 and 2023. The integrated control system includes the combination of temperature, ventilation, and other control systems. This combined effect enables users to benefit from different features of different controls. Integrated control systems are also expected to integrate communication modes such as Wi-Fi, cloud computing, and Internet of Things (IoT), which would help in virtually controlling, monitoring, and maintaining HVAC systems from anywhere.
Controlled equipment is responsible for the execution process of an HVAC control system. This equipment carries out physical operations to alter the temperature, humidity, and flow of air, and achieve user-defined standards of internal atmosphere. Controllers receive data from sensors, convert the data into a compatible format, and then compares them with user-defined parameters to make logical decisions to turn on or off HVAC equipment, controlled equipment, control valves, and dampers. These two major components helps in the proper execution of the process of HVAC.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 HVAC Controls Market, By System
7 HVAC Controls Market, By Components
8 HVAC Controls Market, By Implementation Type
9 HVAC Controls Market, By Application
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Apollo America
- Daikin Industries
- Delta Controls
- Distech Controls
- Emerson Electric
- ICM Controls
- Jackson Systems
- Johnson Controls
- KMC Controls
- LG Electronics
- Schneider Electric
- United Technologies
For more information about this report visit https://www.researchandmarkets.com/research/2flxp9/hvac_controls?w=4