Global Market for HVAC Control is Anticipated to grow at a Significant Pace i.e., USD 32.5 Billion during the Forecast Period 2025 - 2030

Published Date: Mar, 2024

The global HVAC control market is expected to witness a CAGR of 10.6% during the forecast period 2025-2030. The HVAC controls are adopted for automation and control heating, ventilation, and air conditioning of several buildings. The equipment used for this purpose includes controlled equipment, sensors, and control devices, such as thermostats, control valves, and controllers. The rising population in emerging economies like India, China, Mexico, Brazil, etc. has led to robust industrialization, resulting in the development of the industrial sector and a surge in the demand for HVAC controls. Governments all across the world are also assisting in the development of industrial infrastructure. For example, in October 2020, the Indian government is expected to invest $1.4 trillion in infrastructure development over the next five years. Also, in August 2020, Tokyo International Conference on African Development (TICAD) announced will invest $20 billion in Africa over the next three years. During the projected period, this is expected to support the HVAC control market's growth. The increasing trend of smartphones during the COVID-19 pandemic has propelled the growth of the HVAC controls market. Furthermore, growth in the construction sector, development of IoT-enabled HVAC systems, rising need to attain energy efficiency in buildings will accelerate the growth of the HVAC controls market. Thus, these factors have propelled the growth of HVAC controls in industrial, residential, and commercial applications.

The HVAC control market refers to the industry segment that deals with the development, manufacturing, and deployment of control systems and devices for heating, ventilation, and air conditioning (HVAC) systems. HVAC control systems are designed to regulate and monitor the operation of HVAC equipment, ensuring optimal comfort, energy efficiency, and indoor air quality in residential, commercial, and industrial buildings.

The HVAC control market has experienced significant growth in recent years due to several factors, including:

Increasing demand for energy-efficient solutions: Energy efficiency has become a key focus in the HVAC industry as buildings strive to reduce energy consumption and greenhouse gas emissions. HVAC control systems play a crucial role in optimizing energy usage by monitoring and controlling heating, cooling, and ventilation processes based on occupancy, ambient conditions, and setpoint preferences. The growing demand for energy-efficient HVAC systems has driven the adoption of advanced control technologies.

Smart building and IoT integration: The rise of smart buildings and the integration of HVAC systems with the Internet of Things (IoT) have accelerated the growth of the HVAC control market. IoT-enabled HVAC control systems can collect and analyze data from various sensors, occupancy detectors, weather forecasts, and energy meters to make intelligent decisions and adjustments in real-time. This connectivity and data-driven approach enable enhanced automation, remote monitoring, and centralized control of HVAC systems.

Focus on indoor air quality and occupant comfort: HVAC control systems are essential for maintaining optimal indoor air quality and occupant comfort. These systems can monitor and adjust parameters such as temperature, humidity, airflow, and ventilation rates to ensure a healthy and comfortable indoor environment. With growing awareness of the importance of indoor air quality and its impact on occupant well-being and productivity, the demand for advanced HVAC control solutions has increased.

Building regulations and energy codes: Stringent building regulations and energy codes enforced by governments and regulatory bodies worldwide have driven the adoption of HVAC control systems. These regulations mandate the use of energy-efficient HVAC equipment and control strategies to meet specific energy performance standards. Compliance with these regulations has stimulated the growth of the HVAC control market.

Retrofit and upgradation of existing HVAC systems: The retrofit and upgradation of existing HVAC systems have contributed to the demand for HVAC control solutions. Building owners and operators are investing in control systems to enhance the performance, energy efficiency, and automation capabilities of their HVAC systems without the need for a complete replacement.

In June 2022, Honeywell has partnered with Trane technologies to accelerate the transition to next-generation, environmentally preferable refrigerant via field testing Honeywell's Solstice® N41 (R-466A), the industry's first non-flammable alternative to R-410A.

The COVID-19 outbreak has halted the production in various industry verticals resulted in a decline in the growth of the HVAC controls. However, the market is anticipated to grow moderately once the end-user industries will recover from the impact of the crisis.  

Browse 63 market data Tables and 40 Figures spread through 250 Pages and in-depth TOC on " HVAC Control Market by System (Temperature Control Systems, Ventilation Control Systems, Humidity Control Systems, and Integrated Control Systems), by Component (Sensors and Controllers and Controlled Devices), by Implementation Type (New Construction and Retrofit), by End-User (Residential, Commercial, and Industrial), and Region - Global Forecast to 2030"

By system, the temperature and humidity control system contributes to the largest share during the forecast period.

Based on the system, the global HVAC controls market is segmented into temperature control systems, ventilation control systems, humidity control systems, and integrated control systems. The temperature and humidity control system contributes to the largest share during the forecast period 2023-2030 owing to the increasing usage of heating and cooling equipment globally. Moreover, the businesses are focusing on providing systems that combine temperature and humidity control capabilities in a single unit. Munters offers the ML Plus System, a compact, standardized standalone dehumidification system that also controls temperature and humidity.

Global HVAC Control Market Segmentation and Key Players

Segment / Key Players

Categorization

System

Temperature Control Systems, Ventilation Control Systems, Humidity Control Systems, and Integrated Control Systems

Component

Sensors and Controllers and Controlled Devices

Implementation Type

New Construction and Retrofit

End-User

Residential, Commercial, and Industrial

Key Players

DAIKIN INDUSTRIES, Ltd., Johnson Controls, Emerson Electric Co, Honeywell International Inc., Schneider Electric, Siemens, Trane Technologies plc, Carrier, ACUITY BRANDS LIGHTING, INC, and Lennox International Inc.

Discover More About This Report, Download A Free Sample Copy of Global HVAC Controls Market

“APAC is anticipated to grow at a faster pace during 2025-2030.”

APAC is anticipated to grow at a faster pace owing to technological development and focus on energy-efficient products that will fuel the growth of the HVAC controls market in the region. The mounting population in emerging economies, environmental awareness, and rising adoption of green buildings and initiatives by the government in regulating energy-efficient practices in the commercial sector will propel the growth in the region.

Some of the major players in the global HVAC Control market include DAIKIN INDUSTRIES, Ltd., Johnson Controls, Emerson Electric Co, Honeywell International Inc., Schneider Electric, Siemens, Trane Technologies plc, Carrier, ACUITY BRANDS LIGHTING, INC, and Lennox International Inc.

Global HVAC Control Market Coverage

System Insight and Forecast 2025-2030

  • Temperature Control Systems
  • Ventilation Control Systems
  • Humidity Control Systems
  • Integrated Control Systems

Component Insight and Forecast 2025-2030

  • Sensors
  • Controllers and Controlled Devices

Implementation Type Insight and Forecast 2025-2030

  • New Construction
  • Retrofit

End-User Insight and Forecast 2025-2030

  • Residential
  • Commercial
  • Industrial

Geographical Segmentation

HVAC Control Market by Region

North America

  • By System
  • By Component
  • By Implementation Type
  • By End-User
  • By Country – U.S., Canada, and Mexico

Europe

  • By System
  • By Component
  • By Implementation Type
  • By End-User
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By System
  • By Component
  • By Implementation Type
  • By End-User
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By System
  • By Component
  • By Implementation Type
  • By End-User
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries