HVAC Controls Market Segmentation:
Type Segment Analysis
The temperature & humidity control segment is estimated to hold 48% share of the global HVAC controls market in the coming years owing to the increasing adoption of heating and cooling systems such as air conditioners, furnaces, storage water heaters, and so on throughout the world. The ability of an HVAC system to remove humidity, maintain ideal indoor air quality, and guard against health and safety risks, has led to a higher demand for HVAC temperature & humidity control systems.
Moreover, it helps in efficiently regulating the temperature and also results in energy savings by lowering the need for excessive usage of heating and cooling systems. For instance, in the United States, the total shipments of gas-warm air furnaces reached approximately 379,295 units in December 2020. Whereas, the worldwide demand for room air conditioners grossed nearly 96.5 million units in 2021.
End-User Segment Analysis
The commercial HVAC controls market is set to garner a notable share of 50% shortly on the account of rapid globalization. As a result, there is more demand for HVAC systems in commercial settings since they are essential to control the environment in a business building to maintain comfortable working conditions. Moreover, commercial structures need to function well during their full lifespan, therefore they require HVAC control systems to optimize energy management in commercial buildings, which lowers running costs and ensures occupant comfort and health.
Our in-depth analysis of the global market includes the following segments:
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