Chicago, December 8, 2020, Xinhua PR News/-According to a new market research report, “Through systems (temperature, integrated control), components (sensors, controllers, and controlled devices), the type of impact COVID-19 is realized The HVAC control market “(New Construction, Renovation), the market is expected to grow from USD 14.8 billion in 2020 to USD 24.4 billion in 2025; From 2020 to 2025, the compound annual growth rate will reach 10.5%. HVAC controls are used to automate and control the heating, ventilation and air conditioning of various buildings. For this purpose, controlled equipment, sensors and control equipment such as thermostats, control valves and controllers are usually used. It is expected that the growth of this market will be driven by the trend of smart home integration, and the COVID-19 situation will further accelerate to promote the growth of the HVAC control market, the prosperity of the construction industry, the emergence of HVAC systems based on the Internet of Things, and the growth of demand. To achieve the energy efficiency of the building. These factors have helped the HVAC control market gain attention in industrial, residential and commercial applications.
The HVAC control industry (based on implementation type) is dominated by the new construction sector (in terms of scale). The rapid development of infrastructure, the improvement of living standards and the increasing focus on the development of energy-efficient HVAC systems have promoted the growth of the new building HVAC controls market. Various regulations on energy-efficient HVAC systems and controls implemented by the government have led to the widespread adoption of HVAC controls in new buildings.
It is expected that the integrated control system market will register with the highest growth rate during the forecast period
The integrated control system is a combination of temperature, ventilation, lighting and other control systems. This combination provides users with the benefits of different functions of different controls. Integrated control systems are also expected to integrate communication modes, such as Wi-Fi, cloud computing, and the Internet of Things (IoT), which will help control, monitor, and maintain HVAC systems almost anywhere. The surge in the use of the Internet of Things in building infrastructure and the demand for smart homes are driving the growth of this market. The increasing demand for energy efficiency in buildings is also a major factor driving the growth of the integrated control system market.
The Asia-Pacific region has the largest HVAC control market share in 2019, followed by North America and Europe. Due to its large population, China is one of the fastest growing economies in the Asia-Pacific region, followed by India. In terms of land area, Japan is a relatively small country, but compared to most countries in the Asia-Pacific region, Japan is a developed country with advanced technology. Technological progress and preference for the use of energy-saving products have promoted the growth of the Japanese HVAC control market. These factors are driving the growth of the HVAC control market in the Asia-Pacific region.
Some of the major HVAC control manufacturers headquartered in the Asia-Pacific region are Daikin Industries (Japan), LG Electronics (South Korea), Azbil (Japan) and Cubic Sensor and Instrument Co., Ltd. (China).
Covid-19 Industrial Sensor Market Affected by Sensors (Level Sensors, Image Sensors, Gas Sensors, Pressure Sensors, Position Sensors, Temperature, Humidity and Humidity Sensors), Types, End-use Industries and Geographical Environment-Global Forecast to 2025
HVAC system market by heating equipment (heat pumps, furnaces), ventilation equipment (air handling units, air filters), cooling equipment (integrated air conditioners, VRF systems), application, implementation type, and geographic area-global by 2025 prediction
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Post time: Dec-10-2020