The Global Advanced Heating, Ventilation, & Air Conditioning Controls Market to grow from USD 214,232.42 Million in 2019 to USD 314,561.50 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 6.61%.
Market Segmentation & Coverage:
The research report categorizes the Advanced Heating, Ventilation, & Air Conditioning Controls Market to forecast the revenues and analyze the trends in each of the following segments:
Based on Implementation Type, the Advanced Heating, Ventilation, & Air Conditioning Controls Market studied across New Construction and Retrofit.
Based on Component, the Advanced Heating, Ventilation, & Air Conditioning Controls Market studied across Cooling Equipment, Heating Equipment, and Ventilation Equipment. The Cooling Equipment further studied across Chillers, Cooling Towers, Room Air Conditioners, Unitary Air Conditioners, and VRF Systems. The Heating Equipment further studied across Boilers, Furnaces, Heat Pumps, and Unitary Heaters. The Ventilation Equipment further studied across Air Filters, Air Handling Units, Air Purifiers, Dehumidifiers, Humidifiers, and Ventilation Fans.
Based on Application, the Advanced Heating, Ventilation, & Air Conditioning Controls Market studied across Commercial Offices, Industrial, and Residential.
"The Asia-Pacific is projected to witness the highest growth during the forecast period"
Based on Geography, the Advanced Heating, Ventilation, & Air Conditioning Controls Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The Americas commanded the largest size in the Advanced Heating, Ventilation, & Air Conditioning Controls Market in 2019, followed by the Europe, Middle East & Africa. On the other hand, the Asia-Pacific expected to grow at the fastest CAGR during the forecast period, followed by the Europe, Middle East & Africa.
The factors attributing to the growth of the market are increasing demand of iot integrated control systems, government enforcement to promote green buildings, and technological advancement and decreasing prices of the sensors. However, some factors such as high capital and r&d investment and lack of awareness may hinder the market growth. The Advanced Heating, Ventilation, & Air Conditioning Controls Market expected to showcase the opportunities such as increasing use of building automated systems, adoption of cloud-based systems and smart thermostats, and rapid constructional activities and huge demand for high quality and energy-efficient devices. Soon market may face the possible challenges in the growth due to complexity in upgrading the existing hvac systems. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the Advanced Heating, Ventilation, & Air Conditioning Controls Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The Advanced Heating, Ventilation, & Air Conditioning Controls Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Advanced Heating, Ventilation, & Air Conditioning Controls Market, including A Carrier Company, AIRON Group of Companies, Azbil Corporation, Caverion Corporation, Delta Controls Inc., Distech Controls Inc, Electrolux AB, Fr. Sauter AG, Honeywell International, Inc., Johnson Controls International PLC, Lennox International Inc., Mass Electronics Pty Ltd, Mitsubishi Corporation, NanoSense, Reliable Controls Corporation, Schneider Electric S.E., Siemens AG, Trane Inc., Triatek LLC, and WABCO.