Table of Content

1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 DEFINITION 31
1.2.1 INCLUSIONS AND EXCLUSIONS 32
1.3 STUDY SCOPE 33
1.3.1 MARKET COVERED 33
1.3.2 GEOGRAPHIC SCOPE 33
1.3.3 YEARS CONSIDERED 34
1.4 CURRENCY 34
1.5 LIMITATIONS 34
1.6 STAKEHOLDERS 35
1.7 SUMMARY OF CHANGES 35

2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 1 RESEARCH DESIGN 37
2.1.1 SECONDARY AND PRIMARY RESEARCH 38
2.1.2 SECONDARY DATA 39
2.1.2.1 Secondary sources 39
2.1.3 PRIMARY DATA 39
2.1.3.1 Primary sources 40
2.1.3.2 Key industry insights 40
2.1.3.3 Breakdown of primaries 41
2.2 MARKET SIZE ESTIMATION 41
2.2.1 BOTTOM-UP APPROACH 41
FIGURE 2 BOTTOM-UP APPROACH 42
2.2.2 TOP-DOWN APPROACH 43
FIGURE 3 TOP-DOWN APPROACH 44
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY FOR HVAC CONTROLS MARKET THROUGH SUPPLY-SIDE ANALYSIS 44
2.3 DATA TRIANGULATION 45
FIGURE 5 DATA TRIANGULATION 45
2.4 RESEARCH ASSUMPTIONS 46

3 EXECUTIVE SUMMARY 47
FIGURE 6 COVID-19 IMPACT ON HVAC CONTROLS MARKET 47
3.1 PRE-COVID-19 SCENARIO 47
TABLE 1 PRE-COVID-19 SCENARIO: HVAC CONTROLS MARKET 47
3.2 POST-COVID-19 SCENARIO 48
TABLE 2 POST-COVID-19 SCENARIO: HVAC CONTROLS MARKET 48
3.3 OPTIMISTIC SCENARIO (POST-COVID-19) 48
TABLE 3 OPTIMISTIC SCENARIO (POST-COVID-19): HVAC CONTROLS MARKET 48
3.4 PESSIMISTIC SCENARIO (POST-COVID-19) 48
TABLE 4 PESSIMISTIC SCENARIO (POST-COVID-19): HVAC CONTROLS MARKET 48
FIGURE 7 INTEGRATED CONTROL SYSTEM SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD IN HVAC CONTROLS MARKET, BY SYSTEM 49
FIGURE 8 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATION TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 50
FIGURE 9 APAC TO HOLD LARGEST SHARE OF HVAC CONTROLS MARKET IN 2020 51

4 PREMIUM INSIGHTS 53
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN HVAC CONTROLS MARKET 53
FIGURE 10 BOOMING CONSTRUCTION SECTOR AND RISING USAGE OF IOT-ENABLED HVAC SYSTEMS TO DRIVE HVAC CONTROLS MARKET 53
4.2 HVAC CONTROLS MARKET, BY SYSTEM 53
FIGURE 11 MARKET FOR INTEGRATED CONTROL SYSTEMS TO REGISTER HIGHEST CAGR FROM 2020 TO 2025 53
4.3 HVAC CONTROLS MARKET, BY COMPONENT 54
FIGURE 12 CONTROLLERS AND CONTROLLED EQUIPMENT TO GARNER HIGH DEMAND IN COMING YEARS 54
4.4 HVAC CONTROLS MARKET, BY IMPLEMENTATION TYPE 54
FIGURE 13 NEW CONSTRUCTION SEGMENT TO HOLD LARGER SIZE OF HVAC CONTROLS MARKET FROM 2020 TO 2025 54
4.5 HVAC CONTROLS MARKET, BY APPLICATION 55
FIGURE 14 COMMERCIAL SEGMENT IS EXPECTED TO CONTINUE TO ACCOUNT FOR LARGEST SHARE OF HVAC CONTROLS MARKET DURING FORECAST PERIOD 55
4.6 HVAC CONTROLS MARKET IN APAC, BY COUNTRY AND APPLICATION 55
FIGURE 15 CHINA AND COMMERCIAL SEGMENTS LIKELY TO HOLD LARGEST SHARE OF HVAC CONTROLS MARKET IN APAC BY 2025 55

5 MARKET OVERVIEW 56
5.1 INTRODUCTION 56
5.2 MARKET DYNAMICS 56
FIGURE 16 NEED FOR EFFICIENT USE OF ENERGY IN BUILDINGS DRIVES
HVAC CONTROLS MARKET 56
5.2.1 DRIVERS 57
5.2.1.1 Consolidating trend of smart homes, accelerated further by
COVID-19 situation to boost HVAC controls market growth 57
5.2.1.2 Boom in construction sector fueling demand for HVAC controls 57
5.2.1.3 Emergence of IoT-enabled HVAC systems 57
5.2.1.4 Need to achieve energy efficiency in buildings 58
FIGURE 17 INDIA’S PROJECTED ENERGY DEMAND BY 2047 58
FIGURE 18 IMPACT OF DRIVERS ON HVAC CONTROLS MARKET 59
5.2.2 RESTRAINTS 59
5.2.2.1 Low adoption of HVAC controls due to lack of awareness
among end users 59
5.2.2.2 High costs and technical complexities associated with installation of HVAC control systems 60
5.2.3 OPPORTUNITIES 60
5.2.3.1 Growing demand for cloud computing in HVAC 60
5.2.3.2 Integration of smart devices with HVAC systems 60
FIGURE 19 IMPACT OF RESTRAINTS AND OPPORTUNITIES ON HVAC CONTROLS MARKET 61
5.2.4 CHALLENGE 61
5.2.4.1 Decelerated growth of HVAC controls market due to likelihood of spread of COVID-19 through operation of air-conditioning and ventilation systems 61
5.2.4.2 Complexities in upgrading existing HVAC systems 62
FIGURE 20 IMPACT OF CHALLENGES ON HVAC CONTROLS MARKET 63
5.3 VALUE CHAIN ANALYSIS 63
FIGURE 21 VALUE CHAIN ANALYSIS: HVAC CONTROLS MARKET 63
5.4 ECOSYSTEM ANALYSIS 64
5.5 PORTER’S FIVE FORCES ANALYSIS 65
TABLE 5 IMPACT OF EACH FORCE ON MARKET 65
5.6 CASE STUDY ANALYSIS 66
5.7 TECHNOLOGY ANALYSIS 66
FIGURE 22 PARAMETERS CONTROLLED BY HVAC CONTROL SYSTEMS 67
5.8 PRICING ANALYSIS 67
FIGURE 23 HVAC INSTALLATION COST 67
TABLE 6 AVERAGE SELLING PRICE RANGE OF SENSORS 68
5.9 TRADE ANALYSIS 69
TABLE 7 IMPORT DATA, BY COUNTRY, 2015–2019 (USD MILLION) 69
TABLE 8 EXPORT DATA, BY COUNTRY, 2015–2019 (USD MILLION) 69
5.10 PATENT ANALYSIS 70
TABLE 9 PATENTS IN HVAC CONTROLS MARKET 70
5.11 REGULATORY LANDSCAPE 74
5.12 CODES AND STANDARDS FOR HVAC SYSTEMS 75
TABLE 10 MANDATORY CODES AND STANDARDS IN HVAC INDUSTRY 75

6 TYPES OF CONTROL LOOPS IN HVAC CONTROL SYSTEMS 77
6.1 INTRODUCTION 77
FIGURE 24 TYPES OF CONTROLS IN HVAC SYSTEMS 77
6.2 OPEN-LOOP CONTROL 77
6.2.1 OPEN-LOOP CONTROLS ARE NOT SUITABLE FOR AIR-CONDITIONING
AND REFRIGERATION SYSTEMS AS PARAMETERS TO BE CONTROLLED CANNOT BE COMPARED 77
FIGURE 25 OPEN-LOOP CONTROL 78
_
6.3 CLOSED-LOOP CONTROL 79
6.3.1 CLOSED-LOOP CONTROL PROVIDES BETTER CONTROL THAN OPEN LOOP STRATEGY, RESULTING IN MORE EFFICIENT USE OF ENERGY AND IMPROVED OCCUPANT COMFORT 79
FIGURE 26 CLOSED-LOOP CONTROL 79

7 HVAC CONTROLS MARKET, BY SYSTEM 80
7.1 INTRODUCTION 81
FIGURE 27 HVAC CONTROLS MARKET, BY SYSTEM 81
FIGURE 28 TEMPERATURE CONTROL SYSTEM TO DOMINATE HVAC CONTROLS MARKET DURING FORECAST PERIOD 81
TABLE 11 HVAC CONTROLS MARKET, BY SYSTEM, 2016–2019 (USD MILLION) 81
TABLE 12 HVAC CONTROLS MARKET, BY SYSTEM, 2020–2025 (USD MILLION) 82
7.2 TEMPERATURE CONTROL SYSTEMS 83
7.2.1 THERMOSTATS ARE WIDELY USED TEMPERATURE CONTROL SYSTEMS THAT CONSTANTLY MEASURE TEMPERATURE OF AN AREA AND CONTROL HEATER AND COOLER OPERATIONS 83
FIGURE 29 WORKING MECHANISM OF CONVENTIONAL TEMPERATURE
CONTROL SYSTEMS 83
TABLE 13 HVAC CONTROLS MARKET FOR TEMPERATURE CONTROL SYSTEM,
BY COMPONENT, 2016–2019 (USD MILLION) 83
TABLE 14 HVAC CONTROLS MARKET FOR TEMPERATURE CONTROL SYSTEM,
BY COMPONENT, 2020–2025 (USD MILLION) 84
TABLE 15 HVAC CONTROLS MARKET FOR TEMPERATURE CONTROL SYSTEM,
BY APPLICATION, 2016–2019 (USD MILLION) 84
TABLE 16 HVAC CONTROLS MARKET FOR TEMPERATURE CONTROL SYSTEM,
BY APPLICATION, 2020–2025 (USD MILLION) 84
TABLE 17 HVAC CONTROLS MARKET FOR TEMPERATURE CONTROL SYSTEM,
BY REGION, 2016–2019 (USD MILLION) 85
TABLE 18 HVAC CONTROLS MARKET FOR TEMPERATURE CONTROL SYSTEM,
BY REGION, 2020–2025 (USD MILLION) 85
7.3 VENTILATION CONTROL SYSTEMS 86
7.3.1 VENTILATION CONTROL SYSTEMS VENTILATE FRESH AIR WITHIN THE BUILDING TO KEEP OCCUPANTS HEALTHY AND CONSERVE ENERGY
BY MAINTAINING ROOM TEMPERATURE 86
FIGURE 30 CONTROLLERS AND CONTROLLED EQUIPMENT TO HOLD LARGEST SIZE OF VENTILATION CONTROL SYSTEM MARKET BY 2025 86
TABLE 19 HVAC CONTROLS MARKET FOR VENTILATION CONTROL SYSTEM,
BY COMPONENT, 2016–2019 (USD MILLION) 87
TABLE 20 HVAC CONTROLS MARKET FOR VENTILATION CONTROL SYSTEM,
BY COMPONENT, 2020–2025 (USD MILLION) 87
TABLE 21 HVAC CONTROLS MARKET FOR VENTILATION CONTROL SYSTEM,
BY APPLICATION, 2016–2019 (USD MILLION) 87
TABLE 22 HVAC CONTROLS MARKET FOR VENTILATION CONTROL SYSTEM,
BY APPLICATION, 2020–2025 (USD MILLION) 87
TABLE 23 HVAC CONTROLS MARKET FOR VENTILATION CONTROL SYSTEM, BY REGION, 2016–2019 (USD MILLION) 88
TABLE 24 HVAC CONTROLS MARKET FOR VENTILATION CONTROL SYSTEM, BY REGION, 2020–2025 (USD MILLION) 88
7.4 HUMIDITY CONTROL SYSTEMS 88
7.4.1 HUMIDITY CONTROL SYSTEMS ENSURE QUALITY OF PRODUCT,
ADEQUATE PRODUCTION RATE, AND WORKER SAFETY AND COMFORT 88
TABLE 25 HVAC CONTROLS MARKET FOR HUMIDITY CONTROL SYSTEM,
BY COMPONENT, 2016–2019 (USD MILLION) 89
TABLE 26 HVAC CONTROLS MARKET FOR HUMIDITY CONTROL SYSTEM,
BY COMPONENT, 2020–2025 (USD MILLION) 89
FIGURE 31 HUMIDITY CONTROL SYSTEM MARKET FOR RESIDENTIAL APPLICATION TO GROW AT HIGHEST CAGR BETWEEN 2020 AND 2025 89
TABLE 27 HVAC CONTROLS MARKET FOR HUMIDITY CONTROL SYSTEM,
BY APPLICATION, 2016–2019 (USD MILLION) 90
TABLE 28 HVAC CONTROLS MARKET FOR HUMIDITY CONTROL SYSTEM,
BY APPLICATION, 2020–2025 (USD MILLION) 90
TABLE 29 HVAC CONTROLS MARKET FOR HUMIDITY CONTROL SYSTEM, BY REGION, 2016–2019 (USD MILLION) 90
TABLE 30 HVAC CONTROLS MARKET FOR HUMIDITY CONTROL SYSTEM, BY REGION, 2020–2025 (USD MILLION) 91
7.5 INTEGRATED CONTROL SYSTEMS 91
7.5.1 INTEGRATED CONTROL SYSTEMS ENSURE HIGHER ENERGY EFFICIENCY
AND POWER SAVING BY OFFERING BENEFITS OF ALL HVAC CONTROL SYSTEMS IN A SINGLE UNIT 91
TABLE 31 HVAC CONTROLS MARKET FOR INTEGRATED CONTROL SYSTEM,
BY COMPONENT, 2016–2019 (USD MILLION) 92
TABLE 32 HVAC CONTROLS MARKET FOR INTEGRATED CONTROL SYSTEM,
BY COMPONENT, 2020–2025 (USD MILLION) 92
TABLE 33 HVAC CONTROLS MARKET FOR INTEGRATED CONTROL SYSTEM,
BY APPLICATION, 2016–2019 (USD MILLION) 92
TABLE 34 HVAC CONTROLS MARKET FOR INTEGRATED CONTROL SYSTEM,
BY APPLICATION, 2020–2025 (USD MILLION) 92
TABLE 35 HVAC CONTROLS MARKET FOR INTEGRATED CONTROL SYSTEM, BY REGION, 2016–2019 (USD MILLION) 93
FIGURE 32 NORTH AMERICA TO HOLD LARGEST SIZE OF HVAC CONTROLS MARKET FOR INTEGRATED CONTROL SYSTEM BY 2025 93
TABLE 36 HVAC CONTROLS MARKET FOR INTEGRATED CONTROL SYSTEM, BY REGION, 2020–2025 (USD MILLION) 93

8 HVAC CONTROLS MARKET, BY COMPONENT 95
8.1 INTRODUCTION 96
FIGURE 33 HVAC CONTROLS MARKET, BY COMPONENT 96
FIGURE 34 CONTROLLERS AND CONTROLLED EQUIPMENT TO ACCOUNT FOR LARGER SIZE OF HVAC CONTROLS MARKET DURING FORECAST PERIOD 96
TABLE 37 HVAC CONTROLS MARKET, BY COMPONENT, 2016–2019 (USD BILLION) 97
TABLE 38 HVAC CONTROLS MARKET, BY COMPONENT, 2020–2025 (USD BILLION) 97
8.2 SENSORS 98
TABLE 39 HVAC CONTROLS MARKET, IN TERMS OF VALUE AND VOLUME,
BY SENSOR, 2016–2019 98
TABLE 40 HVAC CONTROLS MARKET, IN TERMS OF VALUE AND VOLUME,
BY SENSOR, 2020–2025 98
8.2.1 BY TYPE 99
8.2.1.1 Temperature and humidity sensors 99
8.2.1.1.1 Temperature and humidity sensors are most commonly used sensors in HVAC control systems 99
FIGURE 35 WORKING OF THERMOCOUPLES 99
FIGURE 36 WORKING OF THERMOCOUPLES 99
8.2.1.2 Occupancy sensors 100
8.2.1.2.1 Major types of sensors and technologies used for making occupancy sensors are infrared, ultrasonic, and microwave 100
8.2.1.3 Pressure sensors 100
8.2.1.3.1 Pressure sensors measure airflow and air pressure to ensure effective air distribution necessary for ventilation control systems 100
8.2.1.4 Flow sensors 101
8.2.1.4.1 Flow sensors are becoming smarter with emergence of microcontrollers, remote two-way communication,
self-diagnosis capability, and other smart functions 101
8.2.1.5 Other sensors 101
TABLE 41 HVAC CONTROLS MARKET, BY SENSOR TYPE, 2016–2019 (USD MILLION) 101
FIGURE 37 HVAC CONTROLS MARKET FOR OCCUPANCY SENSORS TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 102
TABLE 42 HVAC CONTROLS MARKET, BY SENSOR TYPE, 2020–2025 (USD MILLION) 102
TABLE 43 HVAC CONTROLS MARKET FOR SENSORS, BY SYSTEM,
2016–2019 (USD MILLION) 102
TABLE 44 HVAC CONTROLS MARKET FOR SENSORS, BY SYSTEM TYPE,
2020–2025 (USD MILLION) 103
TABLE 45 HVAC CONTROLS MARKET FOR SENSORS, BY APPLICATION,
2016–2019 (USD MILLION) 103
TABLE 46 HVAC CONTROLS MARKET FOR SENSORS, BY APPLICATION,
2020–2025 (USD MILLION) 103
TABLE 47 HVAC CONTROLS MARKET FOR SENSORS, BY REGION,
2016–2019 (USD MILLION) 103
TABLE 48 HVAC CONTROLS MARKET FOR SENSORS, BY REGION,
2020–2025 (USD MILLION) 104
8.2.2 SENSORS, BY CONNECTION TYPE 104
TABLE 49 HVAC CONTROLS MARKET, BY CONNECTION TYPE,
2016–2019 (USD MILLION) 104
FIGURE 38 WIRED SENSORS TO HOLD LARGEST SIZE OF
HVAC CONTROLS MARKET IN 2025 105
TABLE 50 HVAC CONTROLS MARKET, BY CONNECTION TYPE,
2020–2025 (USD MILLION) 105
8.2.2.1 Wired sensors 105
8.2.2.1.1 Wired sensors make HVAC control system bulky
and clustered 105
TABLE 51 HVAC CONTROLS MARKET FOR WIRED SENSORS, BY APPLICATION,
2016–2019 (USD MILLION) 106
TABLE 52 HVAC CONTROLS MARKET FOR WIRED SENSORS, BY APPLICATION,
2020–2025 (USD MILLION) 106
8.2.2.2 Wireless sensors 107
8.2.2.2.1 Reduced installation cost, miniaturization of sensor nodes, and better connectivity than wired sensors are major factors that accelerate demand for wireless sensors 107
TABLE 53 HVAC CONTROLS MARKET FOR WIRELESS SENSORS, BY APPLICATION, 2016–2019 (USD MILLION) 107
TABLE 54 HVAC CONTROLS MARKET FOR WIRELESS SENSORS, BY APPLICATION, 2020–2025 (USD MILLION) 107
8.3 CONTROLLERS AND CONTROLLED DEVICES 108
8.3.1 CONTROLLED EQUIPMENT 108
8.3.1.1 Control valves 108
8.3.1.1.1 Control valves manage pressure, temperature, and liquid levels by constricting or loosening flow passage using signals given by controllers 108
8.3.1.2 Heating and cooling coils 108
8.3.1.2.1 Heating and cooling coils play crucial role in HVAC control systems by monitoring temperature change 108
8.3.1.3 Dampers 109
8.3.1.3.1 Various types of dampers such as parallel and opposed blade dampers and round dampers are available in market 109
8.3.1.4 Actuators 109
8.3.1.4.1 Selection of actuator type depends on characteristics and choice of control system 109
8.3.1.5 Pumps and fans 109
8.3.1.5.1 Pumps and fans support functions of chillers, boilers, cooling towers, domestic water systems, and hydronic distribution systems 109
8.3.2 SMART VENTS 110
8.3.2.1 Implementation of smart vents is highly economical 110
8.3.3 CONTROLLERS 110
8.3.3.1 Controllers can be qualified as airside controllers, chiller controllers, general controllers, and variable frequency drives 110
8.3.3.2 VAV controllers 110
8.3.3.2.1 VAV controllers analyze need for ventilation and operate air handling units to continuously provide fresh air 110
8.3.3.3 FCU controllers 110
8.3.3.3.1 FCUs can be less expensive to install than ducted systems and are available in ceiling, freestanding, and floor-mounted configurations 110
TABLE 55 HVAC CONTROLS MARKET, BY CONTROLLER AND CONTROLLED EQUIPMENT, 2016–2019 (USD MILLION) 111
TABLE 56 HVAC CONTROLS MARKET, BY CONTROLLER AND CONTROLLED EQUIPMENT, 2020–2025 (USD MILLION) 111
TABLE 57 HVAC CONTROLS MARKET FOR CONTROLLER AND CONTROLLED EQUIPMENT, BY SYSTEM, 2016–2019 (USD MILLION) 111
TABLE 58 HVAC CONTROLS MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY SYSTEM, 2020–2025 (USD MILLION) 112
TABLE 59 HVAC CONTROLS MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY APPLICATION, 2016–2019 (USD MILLION) 112
FIGURE 39 COMMERCIAL APPLICATIONS TO HOLD LARGEST SIZE OF HVAC CONTROLS MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT DURING FORECAST PERIOD 112
TABLE 60 HVAC CONTROLS MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY APPLICATION, 2020–2025 (USD MILLION) 113
TABLE 61 HVAC CONTROLS MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY REGION, 2016–2019 (USD MILLION) 113
TABLE 62 HVAC CONTROLS MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY REGION, 2020–2025 (USD MILLION) 113

9 TYPE OF CONTROL SYSTEMS IN HVAC CONTROL SYSTEMS 115
9.1 INTRODUCTION 115
FIGURE 40 TYPES OF CONTROL SYSTEMS 115
9.2 DIRECT ACTING SYSTEMS 115
9.2.1 DIRECT-ACTING SYSTEMS FACILITATE INDIVIDUAL AND INEXPENSIVE EMITTER CONTROL 115
9.3 ELECTRIC/ELECTRONIC SYSTEMS 115
9.3.1 ELECTRIC SYSTEMS ELIMINATE PERSONNEL SAFETY AND FIRE RISKS ASSOCIATED WITH LINE VOLTAGE 115
9.4 PNEUMATIC SYSTEMS 116
9.4.1 PNEUMATIC CONTROL SYSTEMS ARE MAINLY USED IN LARGE BUILDINGS AS THEY CAN FACILITATE BOTH ON-OFF AND MODULATING CONTROL 116
10 HVAC CONTROLS MARKET, BY IMPLEMENTATION TYPE 117
10.1 INTRODUCTION 118
FIGURE 41 HVAC CONTROLS MARKET, BY IMPLEMENTATION TYPE 118
FIGURE 42 NEW CONSTRUCTION SEGMENT TO DOMINATE HVAC CONTROLS MARKET DURING FORECAST PERIOD 118
TABLE 63 HVAC CONTROLS MARKET, BY IMPLEMENTATION TYPE,
2016–2019 (USD BILLION) 119
TABLE 64 HVAC CONTROLS MARKET, BY IMPLEMENTATION TYPE,
2020–2025 (USD BILLION) 119
10.2 NEW CONSTRUCTION 120
10.2.1 NEW CONSTRUCTION HOLDS LARGER SHARE OF HVAC CONTROLS MARKET 120
10.3 RETROFIT 120
10.3.1 HVAC RETROFITS ARE UNDERTAKEN TO ENSURE COST-EFFECTIVE SYSTEM PERFORMANCE IMPROVEMENT AND ENERGY SAVING 120
FIGURE 43 BENEFITS OF RETROFIT IMPLEMENTATION STRATEGY 121
_
11 HVAC CONTROLS MARKET, BY APPLICATION 122
11.1 INTRODUCTION 123
FIGURE 44 HVAC CONTROLS MARKET, BY APPLICATION 123
FIGURE 45 COMMERCIAL APPLICATIONS TO DOMINATE HVAC CONTROLS MARKET DURING FORECAST PERIOD 123
TABLE 65 HVAC CONTROLS MARKET, BY APPLICATION, 2016–2019 (USD BILLION) 123
TABLE 66 HVAC CONTROLS MARKET, BY APPLICATION, 2020–2025 (USD BILLION) 124
11.2 IMPACT OF COVID-19 ON APPLICATION SEGMENTS OF HVAC CONTROLS MARKET 125
11.3 RESIDENTIAL 125
11.3.1 TAX CREDITS AND INCENTIVES OFFERED BY GOVERNMENTS IN DEVELOPED COUNTRIES SUPPORT ADOPTION OF HVAC CONTROL SYSTEMS IN RESIDENTIAL APPLICATIONS 125
TABLE 67 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS,
BY COMPONENT, 2016–2019 (USD MILLION) 126
TABLE 68 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS,
BY COMPONENT, 2020–2025 (USD MILLION) 126
TABLE 69 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS,
BY CONNECTION TYPE, 2016–2019 (USD MILLION) 126
TABLE 70 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS,
BY CONNECTION TYPE, 2020–2025 (USD MILLION) 126
TABLE 71 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS, BY SYSTEM, 2016–2019 (USD MILLION) 127
TABLE 72 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS, BY SYSTEM, 2020–2025 (USD MILLION) 127
TABLE 73 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS,
BY IMPLEMENTATION TYPE, 2016–2019 (USD BILLION) 127
TABLE 74 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS,
BY IMPLEMENTATION TYPE, 2020–2025 (USD BILLION) 128
TABLE 75 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 2016–2019 (USD MILLION) 128
TABLE 76 HVAC CONTROLS MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 2020–2025 (USD MILLION) 128
11.4 COMMERCIAL 129
TABLE 77 DIFFERENCE BETWEEN RESIDENTIAL AND COMMERCIAL APPLICATIONS 129
11.4.1 OFFICE BUILDINGS 130
11.4.1.1 The use of HVAC controls in office buildings is driven by the adoption of smart, green, and environmentally friendly buildings 130
11.4.2 EDUCATION CENTERS 130
11.4.2.1 The use of advanced sensors, along with controlled devices in
HVAC controls, helps in reducing the power consumption and keep it at optimum levels 130
11.4.3 HEALTHCARE FACILITIES 131
11.4.3.1 The use of HVAC controls helps in conserving energy and channelizing its use for life-saving purposes in a healthcare center 131
11.4.4 HOSPITALITY CENTERS 131
11.4.4.1 The use of HVAC controls helps optimize energy usage without causing any discomfort to occupants in hospitality centers 131
11.4.5 RETAIL STORES 131
11.4.5.1 Pre-programmed thermostats and smart sensors can be used for managing HVAC systems to save energy and carry out operations in the retail stores 131
11.4.6 OTHERS 131
TABLE 78 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS,
BY COMPONENT, 2016–2019 (USD BILLION) 132
TABLE 79 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS,
BY COMPONENT, 2020–2025 (USD BILLION) 132
TABLE 80 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS,
BY CONNECTION TYPE, 2016–2019 (USD MILLION) 132
TABLE 81 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS,
BY CONNECTION TYPE, 2020–2025 (USD MILLION) 132
TABLE 82 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS, BY SYSTEM, 2016–2019 (USD MILLION) 133
TABLE 83 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS, BY SYSTEM, 2020–2025 (USD MILLION) 133
TABLE 84 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS,
BY IMPLEMENTATION TYPE, 2016–2019 (USD BILLION) 133
TABLE 85 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATION,
BY IMPLEMENTATION TYPE, 2020–2025 (USD BILLION) 134
TABLE 86 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2016–2019 (USD MILLION) 134
TABLE 87 HVAC CONTROLS MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2020–2025 (USD MILLION) 134
11.5 INDUSTRIAL 135
11.5.1 HVAC SYSTEMS PROVIDE EFFICIENT TEMPERATURES BY MAINTAINING ACCURATE TEMPERATURES AND HUMIDITY ACCORDING TO REQUIREMENTS IN THE MANUFACTURING ZONE 135
TABLE 88 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY COMPONENT, 2016–2019 (USD BILLION) 135
TABLE 89 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY COMPONENT, 2020–2025 (USD BILLION) 135
TABLE 90 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY CONNECTION TYPE, 2016–2019 (USD MILLION) 136
TABLE 91 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY CONNECTION TYPE, 2020–2025 (USD MILLION) 136
TABLE 92 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY SYSTEM, 2016–2019 (USD MILLION) 136
TABLE 93 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY SYSTEM, 2020–2025 (USD MILLION) 136
TABLE 94 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS,
BY IMPLEMENTATION TYPE, 2016–2019 (USD BILLION) 137
TABLE 95 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS,
BY IMPLEMENTATION TYPE, 2020–2025 (USD BILLION) 137
TABLE 96 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2016–2019 (USD MILLION) 137
TABLE 97 HVAC CONTROLS MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2020–2025 (USD MILLION) 138

12 GEOGRAPHIC ANALYSIS 139
12.1 INTRODUCTION 140
FIGURE 46 HVAC CONTROLS MARKET, BY REGION 140
FIGURE 47 REGIONAL SNAPSHOT: INDIA TO WITNESS SIGNIFICANT GROWTH
DURING FORECAST PERIOD 140
FIGURE 48 HVAC CONTROLS MARKET IN APAC TO HOLD LARGEST SIZE
DURING FORECAST PERIOD 141
TABLE 98 HVAC CONTROLS MARKET, BY REGION, 2016–2019 (USD BILLION) 141
TABLE 99 HVAC CONTROLS MARKET, BY REGION, 2020–2025 (USD BILLION) 141
12.2 NORTH AMERICA 142
FIGURE 49 NORTH AMERICA: MARKET SNAPSHOT 144
TABLE 100 HVAC CONTROLS MARKET IN NORTH AMERICA, BY COUNTRY,
2016–2019 (USD BILLION) 144
TABLE 101 HVAC CONTROLS MARKET IN NORTH AMERICA, BY COUNTRY,
2020–2025 (USD BILLION) 145
TABLE 102 HVAC CONTROLS MARKET IN NORTH AMERICA, BY COMPONENT,
2016–2019 (USD BILLION) 145
TABLE 103 HVAC CONTROLS MARKET IN NORTH AMERICA, BY COMPONENT,
2020–2025 (USD BILLION) 145
TABLE 104 HVAC CONTROLS MARKET IN NORTH AMERICA, BY SYSTEM,
2015–2023 (USD MILLION) 145
TABLE 105 HVAC CONTROLS MARKET IN NORTH AMERICA, BY SYSTEM,
2020–2025 (USD MILLION) 146
TABLE 106 HVAC CONTROLS MARKET IN NORTH AMERICA, BY APPLICATION,
2016–2019 (USD BILLION) 146
TABLE 107 HVAC CONTROLS MARKET IN NORTH AMERICA, BY APPLICATION,
2020–2025 (USD BILLION) 146
12.2.1 US 147
12.2.1.1 The HVAC controls market in the US is driven by the increasing
use of HVAC controls in existing and new residential and
commercial buildings 147
12.2.2 CANADA 147
12.2.2.1 Environmental awareness among consumers of energy-efficient technologies is driving the HVAC controls market in Canada 147
12.2.3 MEXICO 147
12.2.3.1 The HVAC controls market in Mexico has huge potential and is attracting many foreign investors 147
12.3 EUROPE 148
FIGURE 50 EUROPE: MARKET SNAPSHOT 149
TABLE 108 HVAC CONTROLS MARKET IN EUROPE, BY COUNTRY,
2016–2019 (USD MILLION) 149
TABLE 109 HVAC CONTROLS MARKET IN EUROPE, BY COUNTRY,
2020–2025 (USD MILLION) 150
TABLE 110 HVAC CONTROLS MARKET IN EUROPE, BY COMPONENT,
2016–2019 (USD BILLION) 150
TABLE 111 HVAC CONTROLS MARKET IN EUROPE, BY COMPONENT,
2020–2025 (USD BILLION) 150
TABLE 112 HVAC CONTROLS MARKET IN EUROPE, BY SYSTEM,
2015–2023 (USD MILLION) 150
TABLE 113 HVAC CONTROLS MARKET IN EUROPE, BY SYSTEM,
2020–2025 (USD MILLION) 151
TABLE 114 HVAC CONTROLS MARKET IN EUROPE, BY APPLICATION,
2016–2019 (USD MILLION) 151
TABLE 115 HVAC CONTROLS MARKET IN EUROPE, BY APPLICATION,
2020–2025 (USD MILLION) 151
12.3.1 UK 152
12.3.1.1 The expansion of construction industry in UK is fuelling the growth of the HVAC controls market 152
12.3.2 GERMANY 152
12.3.2.1 The adoption of zero-energy systems and smart HVAC devices and the development of smart cities are expected to propel the demand for HVAC controls 152
TABLE 116 GERMAN GREENHOUSE GAS EMISSION REDUCTION SECTOR TARGETS 2030 152
12.3.3 FRANCE 153
12.3.3.1 The rising demand in the smart homes market in France is expected to fuel the demand for HVAC controls in this country 153
12.3.4 REST OF EUROPE 153
12.4 APAC 154
FIGURE 51 APAC: MARKET SNAPSHOT 155
TABLE 117 HVAC CONTROLS MARKET IN APAC, BY COUNTRY,
2016–2019 (USD BILLION) 155
TABLE 118 HVAC CONTROLS MARKET IN APAC, BY COUNTRY,
2020–2025 (USD BILLION) 156
TABLE 119 HVAC CONTROLS MARKET IN APAC, BY COMPONENT,
2016–2019 (USD BILLION) 156
TABLE 120 HVAC CONTROLS MARKET IN APAC, BY COMPONENT,
2020–2025 (USD BILLION) 156
TABLE 121 HVAC CONTROLS MARKET IN APAC, BY SYSTEM, 2015–2023 (USD MILLION) 156
TABLE 122 HVAC CONTROLS MARKET IN APAC, BY SYSTEM, 2020–2025 (USD MILLION) 157
TABLE 123 HVAC CONTROLS MARKET IN APAC, BY APPLICATION,
2016–2019 (USD BILLION) 157
TABLE 124 HVAC CONTROLS MARKET IN APAC, BY APPLICATION,
2020–2025 (USD BILLION) 157
12.4.1 CHINA 158
12.4.1.1 China has a large construction industry, which is driven by the need to meet the increasing demand for HVAC in the country 158
12.4.2 INDIA 158
12.4.2.1 Initiatives such as Foreign Direct Investment (FDI), expansion of metro rail, and smart city projects are expected to boost the demand for HVAC controls in this country 158
12.4.3 JAPAN 158
12.4.3.1 The compactness of the housing systems and the need for energy efficiency is driving the use of HVAC controls in this country 158
12.4.4 REST OF APAC 159
12.5 ROW 159
TABLE 125 HVAC CONTROLS MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION) 159
TABLE 126 HVAC CONTROLS MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION) 160
TABLE 127 HVAC CONTROLS MARKET IN ROW, BY COMPONENT,
2016–2019 (USD BILLION) 160
TABLE 128 HVAC CONTROLS MARKET IN ROW, BY COMPONENT,
2020–2025 (USD BILLION) 160
TABLE 129 HVAC CONTROLS MARKET IN ROW, BY SYSTEM, 2015–2023 (USD MILLION) 160
TABLE 130 HVAC CONTROLS MARKET IN ROW, BY SYSTEM, 2020–2025 (USD MILLION) 161
TABLE 131 HVAC CONTROLS MARKET IN ROW, BY APPLICATION,
2016–2019 (USD MILLION) 161
TABLE 132 HVAC CONTROLS MARKET IN ROW, BY APPLICATION,
2020–2025 (USD MILLION) 161
12.5.1 SOUTH AMERICA 162
12.5.1.1 Development of residential and commercial sectors aiding growth of HVAC controls market 162
12.5.2 MIDDLE EAST & AFRICA 162
12.5.2.1 African governments have implemented programs for energy-saving and increasing efficiency of HVAC 162

13 COMPETITIVE LANDSCAPE 163
13.1 INTRODUCTION 163
13.2 TOP 5 COMPANY REVENUE ANALYSIS 163
FIGURE 52 HVAC CONTROLS MARKET: REVENUE ANALYSIS (2019) 163
13.3 MARKET SHARE ANALYSIS, 2019 164
TABLE 133 HVAC CONTROLS MARKET: MARKET SHARE ANALYSIS (2019) 164
13.4 COMPANY EVALUATION MATRIX 165
13.4.1 STAR 165
13.4.2 PERVASIVE 165
13.4.3 EMERGING LEADERS 165
13.4.4 PARTICIPANT 165
FIGURE 53 HVAC CONTROLS MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2019 166<