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HVAC Controls Market by System (Temperature, Ventilation, Humidity, Integrated Controls), Component (Sensors, and Controllers & Controlled Devices), Implementation Type (New Construction, Retrofit), Application, and Geography - Global Forecast to 2023

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Date: 14-May-2018
No. of pages: 161
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“HVAC controls market is expected to grow at a significant CAGR between 2018 and 2023”

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.

“Market for integrated control system is expected to grow at the highest CAGR between 2018 and 2023”

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.

“Market for controllers and controlled equipment is expected to grow at the highest CAGR between 2018 and 2023”

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.

“APAC to hold the largest share of the global HVAC controls market during the forecast period”

APAC is expected to hold the largest share of the HVAC controls market between 2018 and 2023.In APAC, growth in building construction and strict regulations for maintaining high energy efficiency of the HVAC equipment in new buildings are increasing. China plans to have 50% of all the new buildings to be certified as green buildings by 2020. This requires an efficient utility of energy, which can be achieved with the use of energy-efficient HVAC systems and HVAC controls. India, being the second-most populated country, has a large number of infrastructure projects, including residential and commercial. Increasing awareness about energy preservation through the use of energy-efficient equipment is fueling the growth of the smart home industry in India. Initiatives such as Foreign Direct Investment (FDI), expansion of metro rail, smart city projects, and “Housing for All by 2020” are expected to boost the demand for HVAC controls in this country.

Breakdown of the profiles of primary participants for the report has been given below:


  • By Company Type: Tier 1 = 44%, Tier 2= 32%, and Tier 3 = 24%

  • By Designation: C-Level Executives = 43%, Directors = 37%, and Others = 20%

  • By Region: North America = 45%, Europe= 22%, APAC = 24%, and RoW = 9%


Key players operating in the HVAC controls market are Honeywell (US), Johnson Controls (US), Siemens (Germany), Schneider Electric (France), Emerson (US), Delta Controls (Canada), Ingersoll-Rand (Ireland),United Technologies (US), Lennox (US), and Distech Controls (Canada).

Research Coverage

The research report analyzes the HVAC controls market on the basis of system, component, implementation type, application, and geography. Based on system, the HVAC controls market has been classified into temperature, ventilation, humidity, and integrated control system. The market has been segmented on the basis of component into sensors and controllers & controlled devices.  Based on implementation type, the market has been segmented into new construction and retrofit. Based on application, the HVAC controls market has been classified into residential, commercial and industrial. The report covers 4major regions—North America, Europe, APAC, and RoW.

Key Benefits of Buying the Report:


  • Illustrative segmentation, analysis, and forecast of the market based on system, component, implementation type, application, and geography have been conducted to give an overall view of the HVAC controls market.

  • Major drivers, restraints, opportunities, and challenges pertaining to the HVAC controls market have been detailed in this report.

  • The report includes a detailed competitive landscape, along with the profiles of key market players.

HVAC Controls Market by System (Temperature, Ventilation, Humidity, Integrated Controls), Component (Sensors, and Controllers & Controlled Devices), Implementation Type (New Construction, Retrofit), Application, and Geography - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency & Pricing
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary and Primary Research
2.1.2 Secondary Data
2.1.2.1 List of Major Secondary Sources
2.1.2.2 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Interviews With Experts
2.1.3.2 Key Data From Primary Sources
2.1.3.3 Key Industry Insights
2.1.3.4 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at the Market Share By the Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities for the HVAC Controls Market
4.2 HVAC Controls Market, By System (2018–2023)
4.3 HVAC Controls Market, By Component (2018–2023)
4.4 HVAC Controls Market, By Application (2018–2023)
4.5 HVAC Controls Market in APAC, By Component (2018)
4.6 HVAC Controls Market, By Geography (2018)

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Need for Efficient Use of Energy in Buildings
5.1.1.2 Growing Construction Market to Boom the Adoption of HVAC Controls
5.1.1.3 Increasing Adoption of IoT in the HVAC Industry
5.1.1.4 Rising Demand for Building Automation Systems (BASs)
5.1.2 Restraints
5.1.2.1 Lack of Awareness About the Benefits of HVAC Controls
5.1.2.2 Huge Investments for Carrying Out R&D and Product Differentiation
5.1.3 Opportunities
5.1.3.1 Growing Demand for Cloud Computing in Hvac
5.1.3.2 Increasing Adoption of Smart Devices
5.1.4 Challenge
5.1.4.1 Complexity in Upgrading the Existing HVAC Systems

6 HVAC Controls Market, By System
6.1 Introduction
6.2 Temperature Control System
6.3 Ventilation Control System
6.4 Humidity Control System
6.5 Integrated Control System

7 HVAC Controls Market, By Components
7.1 Introduction
7.2 Sensors
7.2.1 By Type
7.2.1.1 Temperature and Humidity Sensors
7.2.1.2 Occupancy Sensors
7.2.1.3 Pressure Sensors
7.2.1.4 Flow Sensors
7.2.1.5 Other Sensors
7.2.2 Sensors, By Connection Type
7.2.2.1 Wired Sensors
7.2.2.2 Wireless Sensors
7.3 Controllers and Controlled Devices
7.3.1 Controlled Equipment
7.3.1.1 Control Valves
7.3.1.2 Heating and Cooling Coils
7.3.1.3 Dampers
7.3.1.4 Pumps and Fans
7.3.2 Smart Vents
7.3.3 Controllers
7.3.3.1 VAV Controllers
7.3.3.2 FCU Controllers

8 HVAC Controls Market, By Implementation Type
8.1 Introduction
8.2 New Construction
8.3 Retrofit

9 HVAC Controls Market, By Application
9.1 Introduction
9.2 Residential
9.3 Commercial
9.3.1 Office Buildings
9.3.2 Education Centers
9.3.3 Healthcare Centers
9.3.4 Hospitality
9.3.5 Retail Centers
9.3.6 Others
9.4 Industrial

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 Regulatory Framework
10.2.2 Events to Be Held in North America in 2018
10.2.3 US
10.2.4 Canada
10.2.5 Mexico
10.3 Europe
10.3.1 Regulatory Framework
10.3.2 Events to Be Held in Europe in 2018
10.3.3 UK
10.3.4 Germany
10.3.5 France
10.3.6 Rest of Europe
10.4 APAC
10.4.1 Regulatory Framework
10.4.2 Events to Be Held in APAC in 2018
10.4.3 China
10.4.4 India
10.4.5 Japan
10.4.6 Rest of APAC
10.5 RoW
10.5.1 Regulatory Framework
10.5.2 Events to Be Held in RoW in 2018
10.5.3 South America
10.5.4 Middle East
10.5.5 Africa

11 Competitive Landscape
11.1 Overview
11.2 Ranking of Players, 2017
11.3 Competitive Situation and Trends
11.3.1 Product Launches and Developments
11.3.2 Acquisitions
11.3.3 Joint Ventures, Mergers, Contracts, and Agreements
11.3.4 Expansions

12 Company Profiles
12.1 Introduction
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.2 Key Players
12.2.1 Honeywell
12.2.2 Johnson Controls
12.2.3 Schneider Electric
12.2.4 Siemens
12.2.5 United Technologies
12.2.6 Emerson Electric
12.2.7 Ingersoll-Rand
12.2.8 Lennox
12.2.9 Delta Controls
12.2.10 Distech Controls
12.3 Other Key Players
12.3.1 KMC Controls
12.3.2 Daikin Industries
12.3.3 LG Electronics
12.3.4 Jackson Systems
12.3.5 PECO
12.3.6 Belimo
12.3.7 Apollo America
12.3.8 ICM Controls
12.3.9 Azbil
12.3.10 Sauter

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Introducing RT: Real-Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports

List of Tables

Table 1 HVAC Controls Market, By System, 2015–2023 (USD Billion)
Table 2 HVAC Controls Market for Temperature Control System, By Component, 2015–2023 (USD Billion)
Table 3 HVAC Controls Market for Temperature Control System, By Application, 2015–2023 (USD Billion)
Table 4 HVAC Controls Market for Temperature Control System, By Region, 2015–2023 (USD Billion)
Table 5 HVAC Controls Market for Ventilation Controls System, By Component, 2015–2023 (USD Million)
Table 6 HVAC Controls Market for Ventilation Control System, By Application, 2015–2023 (USD Million)
Table 7 HVAC Controls Market for Ventilation Control System, By Region, 2015–2023 (USD Million)
Table 8 HVAC Controls Market for Humidity Control System, By Component, 2015–2023 (USD Million)
Table 9 HVAC Controls Market for Humidity Control System, By Application, 2015–2023 (USD Million)
Table 10 HVAC Controls Market for Humidity Control System, By Region, 2015–2023 (USD Million)
Table 11 HVAC Controls Market for Integrated Control System, By Component, 2015–2023 (USD Million)
Table 12 HVAC Controls Market for Integrated Control System, By Application, 2015–2023 (USD Billion)
Table 13 HVAC Controls Market for Integrated Control System, By Region, 2015–2023 (USD Billion)
Table 14 HVAC Controls Market, By Components, 2015–2023 (USD Billion)
Table 15 HVAC Controls Market Size, By Sensor, 2015–2023 (USD Billion and Billion Units)
Table 16 HVAC Controls Market of Sensors, By Sensor Type, 2015–2023 (USD Million)
Table 17 HVAC Controls Market of Sensors, By Connection Type, 2015–2023 (USD Billion)
Table 18 HVAC Controls Market of Wired Sensors, By Application, 2015–2023 (USD Million)
Table 19 HVAC Controls Market of Wired Sensor, By Region, 2015–2023 (USD Million)
Table 20 HVAC Controls Market of Wireless Sensors, By Application, 2015–2023 (USD Million)
Table 21 HVAC Controls Market of Wireless Sensors, By Region, 2015–2023 (USD Million)
Table 22 HVAC Controls Market for Sensors, By System, 2015–2023 (USD Million)
Table 23 HVAC Controls Market for Sensors, By Application, 2015–2023 (USD Million)
Table 24 HVAC Controls Market for Sensors, By Region, 2015–2023 (USD Million)
Table 25 HVAC Controls Market, By Controllers and Controlled Equipment, 2015–2023 (USD Billion)
Table 26 HVAC Controls Market for Controllers and Controlled Equipment, By System, 2015–2023 (USD Billion)
Table 27 HVAC Controls Market for Controllers and Controlled Equipment, By Application, 2015–2023 (USD Billion)
Table 28 HVAC Controls Market for Controllers and Controlled Equipment, By Region, 2015–2023 (USD Billion)
Table 29 HVAC Controls Market, By Implementation Type, 2015–2023 (USD Billion)
Table 30 HVAC Controls Market, By Application, 2015–2023 (USD Million)
Table 31 HVAC Controls Market for Residential Application, By System, 2015–2023 (USD Million)
Table 32 HVAC Controls Market for Residential Application, By Component, 2015–2023 (USD Billion)
Table 33 HVAC Controls Market for Residential Application, By Region, 2015–2023 (USD Billion)
Table 34 HVAC Controls Market for Residential Application, By Connection Type, 2015–2023 (USD Million)
Table 35 Difference Between Residential and Commercial Applications
Table 36 HVAC Controls Market for Commercial Application, By System, 2015–2023 (USD Billion)
Table 37 HVAC Controls Market for Commercial Application, By Component, 2015–2023 (USD Billion)
Table 38 HVAC Controls Market for Commercial Application, By Region, 2015–2023 (USD Billion)
Table 39 HVAC Controls Market for Commercial Application, By Connection Type, 2015–2023 (USD Million)
Table 40 HVAC Controls Market for Industrial Application, By System, 2015–2023 (USD Million)
Table 41 HVAC Controls Market for Industrial Application, By Component, 2015–2023 (USD Billion)
Table 42 HVAC Controls Market for Industrial Application, By Region, 2015–2023 (USD Million)
Table 43 HVAC Controls Market for Industrial Application, By Connection Type, 2015–2023 (USD Million)
Table 44 HVAC Controls Market, By Region, 2015–2023 (USD Billion)
Table 45 HVAC Controls Market in North America, By Country, 2015–2023 (USD Billion)
Table 46 HVAC Controls Market in North America, By System, 2015–2023 (USD Million)
Table 47 HVAC Controls Market in North America, By Application, 2015–2023 (USD Billion)
Table 48 HVAC Controls Market in North America, By Component, 2015–2023 (USD Billion)
Table 49 HVAC Controls Market in North America, By System, 2015–2023 (USD Million)
Table 50 List of Events to Be Held in Europe in 2018
Table 51 HVAC Controls Market in Europe, By Country/Region, 2015–2023 (USD Million)
Table 52 HVAC Controls Market in Europe, By System, 2015–2023 (USD Million)
Table 53 HVAC Controls Market in Europe, By Application, 2015–2023 (USD Million)
Table 54 HVAC Controls Market in Europe, By Component, 2015–2023 (USD Billion)
Table 55 HVAC Controls Market in Europe, By Connection Type, 2015–2023 (USD Million)
Table 56 German Greenhouse Gas Emission Reduction Sector Targets 2030
Table 57 List of Events to Be Held in APAC in 2018
Table 58 HVAC Controls Market in APAC, By Country, 2015–2023 (USD Billion)
Table 59 HVAC Controls Market in APAC, By System, 2015–2023 (USD Million)
Table 60 HVAC Controls Market in APAC, By Application, 2015–2023 (USD Billion)
Table 61 HVAC Controls Market in APAC, By Component, 2015–2023 (USD Billion)
Table 62 HVAC Controls Market for Sensors in APAC, By Connection Type, 2015–2023 (USD Million)
Table 63 List of Events to Be Held in RoW in 2018
Table 64 HVAC Controls Market in RoW, By Region, 2015–2023 (USD Million)
Table 65 HVAC Controls Market in RoW, By System, 2015–2023 (USD Million)
Table 66 HVAC Controls Market in RoW, By Application, 2015–2023 (USD Million)
Table 67 HVAC Controls Market in RoW, By Component, 2015–2023 (USD Billion)
Table 68 HVAC Controls Market in RoW, By Connection Type, 2015–2023 (USD Million)
Table 69 Ranking of the Key Players in the HVAC Controls Market, 2017

List of Figures

Figure 1 HVAC Controls Market Segmentation
Figure 2 HVAC Controls Market: Research Design
Figure 3 HVAC Controls Market: Bottom-Up Approach
Figure 4 HVAC Controls Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions for the Research Study
Figure 7 HVAC Controls Market for Integrated Control System to Grow at the Highest CAGR During the Forecast Period
Figure 8 Commercial Application to Hold the Largest Size of the HVAC Controls Market By 2023
Figure 9 Controllers and Controlled Equipment of HVAC Controls Market to Grow at A Higher CAGR During the Forecast Period
Figure 10 HVAC Controls Market for New Construction to Have the Largest Market Share By 2023
Figure 11 HVAC Controls Market, By Region
Figure 12 Need for Efficient Use of Energy in Buildings, Growing Construction Market and Adoption of IoT Boost Adoption of HVAC Controls
Figure 13 Market for Temperature Control System to Grow at the Highest CAGR During the Forecast Period
Figure 14 Market for Controllers and Controlled Equipment to Hold the Largest Share of the HVAC Controls Market for Components During the Forecast Period
Figure 15 Commercial Application to Dominate the HVAC Controls Market in 2018
Figure 16 Temperature Control System to Hold the Largest Share of the HVAC Controls Market in APAC
Figure 17 HVAC Controls Market in India to Grow at the Highest CAGR During the Forecast Period
Figure 18 Need for Efficient Use of Energy in Buildings Drives the HVAC Controls Market
Figure 19 India’s Projected Energy Demand By 2047
Figure 20 HVAC Controls Market, By System
Figure 21 Temperature Control System to Dominate the HVAC Controls Market During the Forecast Period
Figure 22 General Temperature Control System
Figure 23 Commercial Application for Temperature Control System to Grow at the Highest Rate in Forecast Period
Figure 24 Controllers and Controlled Equipment to Hold the Largest Size of Market for Ventilation Controls System By 2023
Figure 25 Market for Humidity Control System for Residential Application to Grow at the Highest CAGR Between 2018 and 2023
Figure 26 North America to Hold the Largest Size of the HVAC Controls Market for Integrated Control System By 2023
Figure 27 HVAC Controls Market, By Components
Figure 28 Controllers and Controlled Equipment to Dominate the HVAC Controls Market During the Forecast Period
Figure 29 Working of Thermocouple
Figure 30 HVAC Controls Market for Occupancy Sensors to Grow at the Highest CAGR Between 2018 and 2023
Figure 31 Temperature Control System to Hold the Largest Size of the HVAC Controls Market for Sensors By 2023
Figure 32 Commercial Application to Dominate the Market of Controllers and Controlled Equipment During the Forecast Period
Figure 33 HVAC Controls Market, By Implementation Type
Figure 34 New Construction to Dominate the HVAC Controls Market During the Forecast Period
Figure 35 HVAC Controls Market, By Application
Figure 36 Commercial Application to Dominate the HVAC Controls Market During the Forecast Period
Figure 37 Controllers and Controlled Equipment to Hold the Largest Size of the HVAC Controls Market for Residential Application By 2023
Figure 38 HVAC Controls Market for Sensors in Commercial Application to Grow at A Higher CAGR Between 2018 and 2023
Figure 39 Wireless Sensor to Grow at A Highest Rate in Commercial Application in HVAC Controls Market During Forecast Period
Figure 40 Temperature Control Systems to Hold the Largest Size of the HVAC Controls Market for Industrial Application By 2023
Figure 41 APAC to Hold the Largest Size of the HVAC Controls Market for Industrial Application By 2023
Figure 42 HVAC Controls Market, By Geography
Figure 43 Geographic Snapshot of the HVAC Controls Market
Figure 44 HVAC Controls Market in APAC to Hold the Largest Size During the Forecast Period
Figure 45 North America: Market Snapshot
Figure 46 Integrated Control System to Lead the HVAC Controls Market in North America During the Forecast Period
Figure 47 Europe: Market Snapshot
Figure 48 HVAC Controls Market in the Germany Held the Largest Size in Europe in 2018
Figure 49 Sensors are Expected to Grow at A Higher Rate in HVAC Controls Market in Europe Between 2018 and 2023
Figure 50 APAC: Market Snapshot
Figure 51 Temperature Control System to Dominate the HVAC Controls Market in APAC During the Forecast Period
Figure 52 Wired Sensor to Dominate the HVAC Controls Market for Sensors in APAC During the Forecast Period
Figure 53 South America to Dominate the HVAC Controls Market in RoW Between 2018 and 2023
Figure 54 Commercial Application to Dominate the HVAC Controls Market in RoW Between 2018 and 2023
Figure 55 Product Launches and Developments Emerged as the Key Growth Strategies Adopted By the Market Players Between 2015 and 2018
Figure 56 Honeywell: Company Snapshot
Figure 57 Johnson Controls: Company Snapshot
Figure 58 Schneider Electric: Company Snapshot
Figure 59 Siemens: Company Snapshot
Figure 60 United Technologies: Company Snapshot
Figure 61 Emerson Electric: Company Snapshot
Figure 62 Ingersoll-Rand: Company Snapshot
Figure 63 Lennox: Company Snapshot

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