Global Advanced HVAC Control Market By Type (Programmable HVAC Control , and Smart HVAC Control), By Application (Commercial , and Residential), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

The Global Advanced HVAC Control Market size is expected to be worth around USD 41.47 Billion by 2032 from USD 17.2 Billion in 2022, growing at a CAGR of 9.2% during the forecast period 2023 to 2032.

Market.us announces the publication of its most recently generated research report titled, “Global Advanced HVAC Control Market by Product Type (Programmable HVAC Control, Smart HVAC Control, Other Types), By Application (Industrial, Commercial, Residential, Other Applications), and by Region – Global Forecast to 2028”. It offers a holistic view of the Global Advanced HVAC Control Market through systematic segmentation that covers every aspect of the target market.

Market Dynamics:

Driver

There is a growing demand for smart building automation in homes and offices

Building automation and other smart building technologies are being increasingly adopted. They automate processes, reduce human intervention, increase the efficiency of HVAC systems, eliminate waste, and lower costs. Organizations have resumed their offices after COVID-19. Offices are large enough to house large numbers of employees. Offices are large enough to accommodate many employees. This means that traditional HVAC systems and lighting consume a lot of energy. Companies are now focusing on cutting costs by using smart building automation technologies that can detect the presence or absence of an occupant in a particular room or area. This will allow building automation systems to control the lighting and HVAC systems in rooms where employees are present, decreasing energy consumption and thereby decreasing cost.

Be patient Implementing HVAC systems can be costly and complex.

Residential buyers should consider purchasing a new HVAC system. The cost of the system is influenced by its lifespan. Upgrades to control systems and the development of innovative HVAC control systems require huge investments. It is difficult for small and medium-sized businesses (SMEs) to get into the HVAC control market. HVAC systems need to be tuned and custom-fabricated during installation in order to ensure their efficiency and avoid failure. Professionals are required to install HVAC systems correctly. Professionals are required to install HVAC systems. This will result in higher costs for repair and operation. The cost of installation is also higher because skilled labor is required. It could also hinder HVAC system implementation.

Opportunity

Cloud computing is a growing demand in HVAC

Cloud computing is gaining popularity in various industries. It provides advanced Artificial Intelligence capabilities that can be used for HVAC. A digital twin is an advanced use of cloud computing and IoT. It stimulates the HVAC system in real time and reduces operational costs. By automating processes using machine learning, digital twins can make buildings smarter.

Carrier China, part of Carrier Global Corporation, supplied 30 AquaEdge19XRV low voltage variable frequency centrifugal chilleders and Carrier Comfort Network communication controls to Zhejiang Cloud Computing Center, which supports up to 200,000 servers. The integrated controls will reduce operating costs and enable facility managers to remotely monitor performance and plan preventive maintenance.

Challenge

The complexity of retrofitting HVAC controls to existing systems

As part of their environmental obligations, the governments of different countries have established guidelines and regulations for upgrading existing HVAC systems. Upgrading such systems can be costly, time-consuming, and complex. It is possible to increase the cost of installation if the HVAC equipment is installed in existing ductwork. This depends on the condition of the ductwork. If the ductwork is damaged or has leaks, it would not be advisable to install a central air conditioner. The installation cost will rise because the repair work must be completed before the new conditioner can be installed.

Global Advanced HVAC Control Market Scope:

HVAC is known as the Heating, Ventilation, and Air Conditioning technology of environmental comfort. HVAC system reduces heat and enhances indoor air quality by removing carbon dioxide, moisture, dust, smoke, airborne bacteria, unpleasant smells, and other gases for a better environment in domestic and commercial buildings such as apartments, office buildings, hotels, hospitals, etc. HVAC system works on the principle of heat transfer, thermodynamics, and fluid mechanics.

An advanced HVAC system is a fully programmable system that may be customized as per the intended use. Advanced HVAC system programs can be coded for controllers, time schedules, timers, trend logs, logic, and alarm.

Advanced HVAC control system works as the decision maker for the HVAC system as it controls the heat pump, and flow of air and sets the indoor environment according to the outside environment condition. Advanced HVAC control devices allow the HVAC system to work energy efficiency while reducing energy consumption and cost.

Global Advanced HVAC Control Market Revenue (US$ Mn), 2018–2028  

Increasing demand for the replacement of conventional HVAC systems with smart HVAC systems, which work on intelligent technology, is helping in increasing the growth of the Advanced HVAC Control System Market.

Technology advancement in the I-O-T (Internet of Things) and increasing proliferation of smart devices is uplifting the development of advanced HVAC control devices which utilize remote sensors to alter output automatically on the basis of outer climate and humidity is expected to help in market growth.

However, high capital and R&D investments in the Advanced HVAC Market may restrict the growth of the market. Also, high installation and maintenance costs and large skeletons of HVAC or BAS systems may obstruct market growth. Nonetheless, the rapid growth of construction in the industrial segment is expected to aid the market growth of the advanced HVAC control market. The advanced HVAC control market is also expected to grow due to the increasing popularity of HVAC systems in nations where both cooling and heating systems are used. Countries that are developing at a rapid pace, require air quality observing devices to avert respiratory diseases owing to excessive pollution, which in turn is expected to boost advanced HVAC control market growth.

Global Advanced HVAC Control Market is segmented on the basis of product type, application, and region.

On the basis of product type, the market is segmented into programmable HVAC control, smart HVAC control, and other types. The programmable HVAC Control segment is estimated to contribute 30.9% in 2018 and is expected to grow at a CAGR of over 5% during the forecast period.

Global Advanced HVAC Control Market by Product Type, 2018

On the basis of application, the market is segmented into industrial, commercial, residential, and other applications. The residential application accounts for a majority share in the Global Advanced HVAC Control Market and is projected to grow stable pace during the forecast period.

On the basis of region, the market is segmented into North America, South America, Europe, Asia-Pacific, Africa, and the Middle East. North America accounts for the majority share in the Global Advanced HVAC Control Market, followed by Asia-Pacific. Regions such as North America and Europe are expected to register steady growth over the forecast period.

The research report on the global Advanced HVAC Control Market includes profiles of some of the major companies such as Alphabet Inc., Schneider Electric SE, Honeywell International Inc., Siemens AG, Ingersoll-Rand Plc, Johnson Controls International Plc, Lennox International Plc, Kreuter Engineering, Inc, Fr. Sauter Holding Ag, Delta Controls Inc., Acquity Brands, Inc., SALUS Controls, Ecobee, Inc., Emerson Electric Co, OJ Electronics A/S, etc.

Key Market Segments

By Product Type

• Programmable HVAC Control
• Smart HVAC Control And Other

By Application

• Industrial
• Commercial
• Residential And Other

Key Market Players included in the report:

• Alphabet Inc.
• Schneider Electric SE
• Honeywell International Inc.
• Siemens AG
• Ingersoll-Rand Plc
• Johnson Controls International Plc
• Lennox International Plc
• Kreuter Engineering Inc.
• Fr. Sauter Holding Ag
• Delta Controls Inc.
• Acquity Brands Inc.
• SALUS Controls
• Ecobee Inc.
• Emerson Electric Co
• OJ Electronics A/S

For the Global Advanced HVAC Control Market research study, the following years have been considered to estimate the market size: