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Global HVAC Controls Growth Opportunities
Global HVAC Controls Growth Opportunities
Technology Strategy for Energy-efficient and Smart HVAC is the Key Approach to Controls Development
RELEASE DATE
15-Jun-2023
15-Jun-2023
REGION
North America
North America
Deliverable Type
Market Research
Market Research
Research Code: PE9D-01-00-00-00
SKU: EN01392-GL-MT_27738
$4,950.00
Special Price $4,207.50 save 15 %
In stock
SKU
EN01392-GL-MT_27738
The global HVAC controls market has witnessed significant growth in recent years, driven by various Mega Trends that have shaped its landscape, including increasingly stringent energy efficiency regulations, the adoption of intelligent and connected technologies, and a growing focus on sustainability and environmental conservation. As a result, the market has reached maturity, with a wide range of established participants competing to meet customers' demands across different regions. In 2022, the global HVAC controls market generated a revenue of $8,553.0 million, and it is expected to grow at a compound annual growth rate (CAGR) of 5.2% between 2022 and 2028.
Despite the market's maturity, numerous growth opportunities exist. The increasing focus on energy efficiency in buildings and the rising demand
for energy-efficient solutions continue to drive growth, with emerging economies providing untapped potential. In addition, the retrofitting and renovation of existing buildings with advanced HVAC controls offers opportunities for market expansion.
To capitalize on these opportunities, companies must prioritize technological advancements, product differentiation, and strategic partnerships. Moreover, addressing the specific requirements of different regions and catering to diverse industry verticals will be crucial to sustained growth in the competitive global HVAC controls market.
Key global HVAC control market participants include Johnson Controls International, Honeywell, Schneider Electric, Siemens, and Trane Technologies. Success factors in this market involve providing reliable and efficient control systems, offering seamless integration with other building automation systems, and providing exceptional customer support and after-sales services.
Author: Dennis Marcell Victor
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global HVAC Controls Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Vertical Segmentation
Market Measurements
Key Competitors
Growth Metrics
Channel Approach Strategies
Growth Drivers
Growth Driver Analysis
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Restraints
Growth Restraint Analysis
Growth Restraint Analysis (continued)
Growth Restraint Analysis (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast Analysis
Percent Revenue Forecast by Region
Revenue Forecast by Region
Revenue Forecast Analysis by Region
Percent Revenue Forecast by Vertical
Revenue Forecast by Vertical
Revenue Forecast Analysis by Vertical
Competitive Analysis—Porter’s Five Forces
Competitive Environment
Revenue Share
SWOT Analysis of Key Market Participants
Growth Metrics
Revenue Forecast
Percent Revenue Forecast by Vertical
Revenue Forecast by Vertical
Forecast Analysis
Revenue Share
Growth Metrics
Revenue Forecast
Percent Revenue Forecast by Vertical
Revenue Forecast by Vertical
Forecast Analysis
Revenue Share
Growth Metrics
Revenue Forecast
Percent Revenue Forecast by Vertical
Revenue Forecast by Vertical
Forecast Analysis
Revenue Share
Growth Metrics
Revenue Forecast
Percent Revenue Forecast by Vertical
Revenue Forecast by Vertical
Forecast Analysis
Revenue Share
Growth Opportunity 1: Integration and Interoperability through Open Protocols
Growth Opportunity 1: Integration and Interoperability through Open Protocols (continued)
Growth Opportunity 2: Remote Services through HVAC Controls for Proactive Maintenance
Growth Opportunity 2: Remote Services through HVAC Controls for Proactive Maintenance (continued)
Growth Opportunity 3: Leveraging the Untapped Retrofitting Market
Growth Opportunity 3: Leveraging the Untapped Retrofitting Market (continued)
Growth Opportunity 4: Focusing on Energy Efficiency
Growth Opportunity 4: Focusing on Energy Efficiency (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- HVAC Controls: Revenue, Global 2022 and 2028
- HVAC Controls: Growth Metrics, Global, 2022
- HVAC Controls: Channel Strategies, Global, 2022
- HVAC Controls: Growth Drivers, Global, 2023-2028
- HVAC Controls: Growth Restraints, Global, 2023-2028
- HVAC Controls: Revenue Forecast, Global, 2020-2028
- HVAC Controls: Percent Revenue Forecast by Region, Global, 2020-2028
- HVAC Controls: Revenue Forecast by Region, Global, 2020-2028
- HVAC Controls: Percent Revenue Forecast by Vertical, Global, 2020-2028
- HVAC Controls: Revenue Forecast by Vertical, Global, 2020-2028
- HVAC Controls: Revenue Share of Top Participants, Global, 2022
- HVAC Controls: Growth Metrics, North America, 2022
- HVAC Controls: Revenue Forecast, North America, 2020-2028
- HVAC Controls: Percent Revenue Forecast by Vertical, North America, 2020-2028
- HVAC Controls: Revenue Forecast by Vertical, North America, 2020-2028
- HVAC Controls: Revenue Share of Top Participants, North America, 2022
- HVAC Controls: Growth Metrics, Europe, 2022
- HVAC Controls: Revenue Forecast, Europe, 2020-2028
- HVAC Controls: Percent Revenue Forecast by Vertical, Europe, 2020-2028
- HVAC Controls: Revenue Forecast by Vertical, Europe, 2020-2028
- HVAC Controls: Revenue Share of Top Participants, Europe, 2022
- HVAC Controls: Growth Metrics, Asia-Pacific, 2022
- HVAC Controls: Revenue Forecast, Asia-Pacific, 2020-2028
- HVAC Controls: Percent Revenue Forecast by Vertical, Asia-Pacific, 2020-2028
- HVAC Controls: Revenue Forecast by Vertical, Asia-Pacific, 2020-2028
- HVAC Controls: Revenue Share of Top Participants, Asia-Pacific, 2022
- HVAC Controls: Growth Metrics, Rest of World, 2022
- HVAC Controls: Revenue Forecast, Rest of World, 2020-2028
- HVAC Controls: Percent Revenue Forecast by Vertical, Rest of World, 2020-2028
- HVAC Controls: Revenue Forecast by Vertical, Rest of World, 2020-2028
- HVAC Controls: Revenue Share of Top Participants, Rest of World, 2022
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A tailored session with you where we identify the:- Strategic Imperatives
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Impacting your company's future growth potential.
The global HVAC controls market has witnessed significant growth in recent years, driven by various Mega Trends that have shaped its landscape, including increasingly stringent energy efficiency regulations, the adoption of intelligent and connected technologies, and a growing focus on sustainability and environmental conservation. As a result, the market has reached maturity, with a wide range of established participants competing to meet customers' demands across different regions. In 2022, the global HVAC controls market generated a revenue of $8,553.0 million, and it is expected to grow at a compound annual growth rate (CAGR) of 5.2% between 2022 and 2028.
Despite the market's maturity, numerous growth opportunities exist. The increasing focus on energy efficiency in buildings and the rising demand
for energy-efficient solutions continue to drive growth, with emerging economies providing untapped potential. In addition, the retrofitting and renovation of existing buildings with advanced HVAC controls offers opportunities for market expansion.
To capitalize on these opportunities, companies must prioritize technological advancements, product differentiation, and strategic partnerships. Moreover, addressing the specific requirements of different regions and catering to diverse industry verticals will be crucial to sustained growth in the competitive global HVAC controls market.
Key global HVAC control market participants include Johnson Controls International, Honeywell, Schneider Electric, Siemens, and Trane Technologies. Success factors in this market involve providing reliable and efficient control systems, offering seamless integration with other building automation systems, and providing exceptional customer support and after-sales services.
Author: Dennis Marcell Victor
| Deliverable Type | Market Research |
|---|---|
| Author | Dennis Marcell Victor |
| Industries | Environment |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | HVAC Controls Market |
| Keyword 2 | HVAC Market |
| Keyword 3 | HVAC Controllers Market |
| List of Charts and Figures | HVAC Controls: Revenue, Global 2022 and 2028~ HVAC Controls: Growth Metrics, Global, 2022~ HVAC Controls: Channel Strategies, Global, 2022~ HVAC Controls: Growth Drivers, Global, 2023-2028~ HVAC Controls: Growth Restraints, Global, 2023-2028~ HVAC Controls: Revenue Forecast, Global, 2020-2028~ HVAC Controls: Percent Revenue Forecast by Region, Global, 2020-2028~ HVAC Controls: Revenue Forecast by Region, Global, 2020-2028~ HVAC Controls: Percent Revenue Forecast by Vertical, Global, 2020-2028~ HVAC Controls: Revenue Forecast by Vertical, Global, 2020-2028~ HVAC Controls: Revenue Share of Top Participants, Global, 2022~ HVAC Controls: Growth Metrics, North America, 2022~ HVAC Controls: Revenue Forecast, North America, 2020-2028~ HVAC Controls: Percent Revenue Forecast by Vertical, North America, 2020-2028~ HVAC Controls: Revenue Forecast by Vertical, North America, 2020-2028~ HVAC Controls: Revenue Share of Top Participants, North America, 2022~ HVAC Controls: Growth Metrics, Europe, 2022~ HVAC Controls: Revenue Forecast, Europe, 2020-2028~ HVAC Controls: Percent Revenue Forecast by Vertical, Europe, 2020-2028~ HVAC Controls: Revenue Forecast by Vertical, Europe, 2020-2028~ HVAC Controls: Revenue Share of Top Participants, Europe, 2022~ HVAC Controls: Growth Metrics, Asia-Pacific, 2022~ HVAC Controls: Revenue Forecast, Asia-Pacific, 2020-2028~ HVAC Controls: Percent Revenue Forecast by Vertical, Asia-Pacific, 2020-2028~ HVAC Controls: Revenue Forecast by Vertical, Asia-Pacific, 2020-2028~ HVAC Controls: Revenue Share of Top Participants, Asia-Pacific, 2022~ HVAC Controls: Growth Metrics, Rest of World, 2022~ HVAC Controls: Revenue Forecast, Rest of World, 2020-2028~ HVAC Controls: Percent Revenue Forecast by Vertical, Rest of World, 2020-2028~ HVAC Controls: Revenue Forecast by Vertical, Rest of World, 2020-2028~ HVAC Controls: Revenue Share of Top Participants, Rest of World, 2022~ |
| Podcast | No |
| WIP Number | PE9D-01-00-00-00 |