HVAC Controls Market Share

APAC Market Forecast

HVAC Controls market in Asia Pacific is predicted to account for the largest share of 45% by 2036 impelled by the expanding industrialization in the various countries. This would increase the need for efficient temperature regulation in residential and commercial spaces which may increase the demand for HVAC control in the region to ensure sustainable operations Bangladesh's industrial sector expanded by around 7.2% in 2020. In contrast, Vietnam saw a nearly 5% boost in the same.

North American Market Statistics

The North America HVAC controls market is estimated to hold the second largest of 25%, during the forecast timeframe led by the increasing frequency of commercial construction activities. HVAC systems are a crucial component of contemporary structures since large-capacity buildings require sufficient ventilation, this may increase the demand for HVAC control systems in the region to make sure that people who spend a lot of time in business buildings may do so in a relaxed and controlled setting. For instance, in 2020, the proportion of commercial buildings in the United States increased to around 6 million.