Advanced HVAC Controls Market Report 2024 (Global Edition)

Global Advanced HVAC Controls Market Report 2024 Market Size Split by Type (Temperature Control System , Ventilation Control System , Humidity Control System , Integrated Control System), by Applic...

Advanced HVAC Controls Market Report Description

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Competitive Landscape of the Advanced HVAC Controls Market

In the competitive landscape of the Advanced HVAC Controls market, several key players vie for market share and innovation dominance. Established companies such as Johnson Controls, Siemens AG, Honeywell International Inc., and Schneider Electric SE are prominent players, offering a wide range of advanced HVAC control solutions tailored to various customer needs and building types.

Advanced HVAC Controls Industry News 

In April 2022, Siemens added the PXC7 to its Desigo portfolio to offer even more flexibility to building automation practitioners. This new addition allows professionals to program heating, ventilation, and air conditioning (HVAC) applications for larger buildings.

(Source: https://press.siemens.com/global/en/pressrelease/smart-automation-controllers-siemens-now-available-all-types-buildings)

In February 2022, Carrier acquired a stake in Toshiba for manufacturing variable refrigerant flow (VRF) and light commercial HVAC systems.

(Source: https://mechanicalbusiness.com/2022/08/02/carrier-acquires-toshibas-hvac-business/#:~:text=Carrier%20Global%20Corporation%20has%20acquired,cent%20ownership%20stake%20in%20TCC.

Top Companies Market Share in Advanced HVAC Controls Industry: (In no particular order of Rank)

• Ojelectronics
• Sauter
• Siemens
• Lennox
• Distech Controls
• Trane
• Regin
• Salus
• Emerson
• Johnson Controls
• Delta Controls
• Honeywell
• Schneider
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Advanced HVAC Controls 

Which Region Dominates the Advanced HVAC Controls  Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America asserts dominance in the Advanced HVAC Controls Market for several key reasons. Firstly, the region boasts a mature construction industry and a high level of technological adoption, particularly in commercial buildings and industrial facilities, where advanced HVAC controls are essential for energy management and operational efficiency. Additionally, stringent energy efficiency regulations and sustainability initiatives drive the demand for advanced HVAC controls, as building owners and operators seek solutions to reduce energy consumption and lower carbon emissions.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific emerges as the fastest-growing region in the Advanced HVAC Controls Market due to several key factors. Firstly, the region's rapid urbanization and industrialization drive the demand for advanced HVAC systems in new construction projects as well as in retrofitting existing buildings. With a growing population and expanding urban areas, there is an increasing need for efficient heating, ventilation, and air conditioning solutions to maintain indoor air quality and comfort levels. Additionally, rising environmental concerns and government initiatives aimed at reducing energy consumption and carbon emissions further propel the adoption of advanced HVAC controls in the region.

The current report Scope analyzes Advanced HVAC Controls Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Advanced HVAC Controls Market

According to Cognitive Market Research, the global Advanced HVAC Controls market size was estimated at USD 2651.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1060.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2031.In the Advanced HVAC Controls Market, the North America region demonstrates a robust landscape characterized by technological innovation, stringent energy regulations, and a diverse range of applications. Regional analysis reveals North America as a leading market for advanced HVAC controls, driven by factors such as the region's mature construction industry, high adoption rate of smart building technologies, and strong focus on energy efficiency and sustainability. Segmentation analysis highlights a diverse customer base, including commercial, residential, and industrial sectors, each with unique needs and requirements for HVAC control solutions. In conclusion, North America's Advanced HVAC Controls Market presents lucrative opportunities for manufacturers, suppliers, and service providers, driven by factors such as technological advancements, regulatory mandates, and increasing awareness of environmental sustainability.

• According to Cognitive Market Research, the US had a major share in the Advanced HVAC Controls market with a market size of USD 836.72million in 2024 and is projected to grow at a CAGR of 17.0%during the forecast period. The demand is amplified by the nation's technological advancements, regulatory mandates, and increasing awareness of environmental sustainability propels consistent growth. 
• The Canada Advanced HVAC Controls market had a market share of USD 127.26million in 2024 and is projected to grow at a CAGR of 18.0%during the forecast period. Canada's regulatory mandates, and increasing awareness of environmental sustainability to increased usage of Advanced HVAC Controls.
• The Mexico Advanced HVAC Controls market is projected to witness growth at a CAGR of 17.7%during the forecast period with a market size of USD 96.50million in 2024.

Europe Advanced HVAC Controls Market

According to Cognitive Market Research, the global Advanced HVAC Controls market size was estimated at USD 2651.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 795.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.5%from 2024 to 2031.In the Advanced HVAC Controls Market, Europe emerges as a prominent region characterized by a strong emphasis on energy efficiency, stringent regulatory frameworks, and technological innovation. Regional analysis indicates that Europe is a leading market for advanced HVAC controls, driven by factors such as the region's commitment to reducing carbon emissions and enhancing sustainability in building operations. Segmentation analysis reveals a diverse customer base, encompassing commercial, residential, and industrial sectors, each with specific requirements for HVAC control solutions. In conclusion, Europe's Advanced HVAC Controls Market offers lucrative opportunities for manufacturers, suppliers, and service providers, driven by regulatory mandates, technological advancements, and increasing awareness of environmental sustainability.

• The United Kingdom Advanced HVAC Controls market had a market share of USD 133.62million in 2024 and is projected to grow at a CAGR of 18.3%during the forecast period. In the UK, Advanced HVAC Controls sales witness an upswing due to the nation's technological advancements, and increasing awareness of environmental sustainability.
• The France Advanced HVAC Controls market is projected to witness growth at a CAGR of 16.7%during the forecast period with a market size of USD 73.17million in 2024.
• According to Cognitive Market Research, the Germany Advanced HVAC Controls market size was valued at USD 157.48million in 2024 and is projected to grow at a CAGR of 17.7%during the forecast period. In Germany, Advanced HVAC Controls sales surge due to the nation's increasing awareness of environmental sustainability. 
• The Italy Advanced HVAC Controls market is projected to witness growth at a CAGR of 16.9%during the forecast period with a market size of USD 68.40million in 2024.
• The Russia Advanced HVAC Controls market is projected to witness growth at a CAGR of 16.5%during the forecast period with a market size of USD 123.28million in 2024.
• The Spain Advanced HVAC Controls market is projected to witness growth at a CAGR of 16.6%during the forecast period with a market size of USD 65.22million in 2024.
• The Luxembourg Advanced HVAC Controls market is projected to witness growth at a CAGR of 17.6%during the forecast period with a market size of USD 24.66million in 2024.
• The Portugal Advanced HVAC Controls market is projected to witness growth at a CAGR of 17.3%during the forecast period with a market size of USD 16.70million in 2024.
• The Greece Advanced HVAC Controls market is projected to witness growth at a CAGR of 17.8%during the forecast period with a market size of USD 9.54million in 2024.
• Rest of Europe Advanced HVAC Controls market is projected to witness growth at a CAGR of 16.2%during the forecast period with a market size of USD 123.28million in 2024.

Asia Pacific Advanced HVAC Controls Market

According to Cognitive Market Research, the global Advanced HVAC Controls market size was estimated at USD 2651.2 Million out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 609.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.0% from 2024 to 2031.In the Advanced HVAC Controls Market, the Asia Pacific region emerges as a dynamic and rapidly growing market driven by factors such as rapid urbanization, industrialization, and increasing focus on energy efficiency. Regional analysis indicates that Asia Pacific is witnessing significant investments in infrastructure development, particularly in emerging economies like China, India, and Southeast Asian countries. Segmentation analysis reveals a diverse customer base, encompassing commercial, residential, and industrial sectors, each with unique requirements for HVAC control solutions. Commercial buildings, including office towers, shopping malls, and hospitality establishments, represent a substantial market segment in Asia Pacific, where advanced HVAC controls are deployed to optimize energy usage, enhance indoor comfort, and comply with regulatory standards. In conclusion, the Asia Pacific Advanced HVAC Controls Market presents vast opportunities for manufacturers, suppliers, and service providers, fuelled by rapid urbanization, increasing awareness of environmental sustainability, and government initiatives promoting energy efficiency.

• According to Cognitive Market Research, the China Advanced HVAC Controls market size was valued at USD 274.40million in 2024 and is projected to grow at a CAGR of 20.5%during the forecast period. Advanced HVAC Controls sales surge in China due to the nation's rapid urbanization, industrialization, and increasing focus on energy efficiency.
• The Japan Advanced HVAC Controls market is projected to witness growth at a CAGR of 19.5%during the forecast period with a market size of USD 84.15million in 2024.
• The India Advanced HVAC Controls market had a market share of USD 73.17million in 2024 and is projected to grow at a CAGR of 22.8%during the forecast period. The demand is augmented by India's industrialization, and increasing focus on energy efficiency.
• The South Korea Advanced HVAC Controls market is projected to witness growth at a CAGR of 9.3% during the forecast period with a market size of USD 20.1%million in 2024.
• The Australia Advanced HVAC Controls market is projected to witness growth at a CAGR of 20.7% during the forecast period with a market size of USD 31.71million in 2024.
• The South East Asia Advanced HVAC Controls market is projected to witness growth at a CAGR of 22.0%during the forecast period with a market size of USD 42.07million in 2024.
• The Rest of Asia Pacific Advanced HVAC Controls market is projected to witness growth at a CAGR of 20.8%during the forecast period with a market size of USD 43.29million in 2024.

 

South America Advanced HVAC Controls Market

According to Cognitive Market Research, the global Advanced HVAC Controls market size was estimated at USD 2651.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 132.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.4% from 2024 to 2031.In the Advanced HVAC Controls Market, Latin America represents a region with emerging opportunities driven by urbanization, economic growth, and increasing awareness of energy efficiency. Regional analysis indicates that Latin America is witnessing rapid urban development, particularly in countries like Brazil, Mexico, and Chile, leading to a surge in construction activities and infrastructure investments. Segmentation analysis reveals a diverse customer base, including commercial, residential, and industrial sectors, each with distinct requirements for HVAC control solutions. In conclusion, Latin America's Advanced HVAC Controls Market offers promising opportunities for manufacturers, suppliers, and service providers, driven by economic growth, infrastructure development, and increasing awareness of environmental sustainability.

• According to Cognitive Market Research, the Brazil Advanced HVAC Controls market size was valued at USD 56.74million in 2024 and is projected to grow at a CAGR of 19.0%during the forecast period. Advanced HVAC Controls sales flourish in Brazil due to the nation's economic growth, infrastructure development, and increasing awareness of environmental sustainability.
• The Argentina Advanced HVAC Controls market had a market share of USD 22.27million in 2024 and is projected to grow at a CAGR of 19.3%during the forecast period. The demand is augmented by Argentina's increasing awareness of environmental sustainability.
• The Colombia Advanced HVAC Controls market is projected to witness growth at a CAGR of 18.2% during the forecast period with a market size of USD 22.27million in 2024.
• The Peru Advanced HVAC Controls market is projected to witness growth at a CAGR of 18.6%during the forecast period with a market size of USD 10.87million in 2024.
• The Chile Advanced HVAC Controls market is projected to witness growth at a CAGR of 18.7%during the forecast period with a market size of USD 9.54million in 2024.
• The Rest of Latin America Advanced HVAC Controls market is projected to witness growth at a CAGR of 17.5%during the forecast period with a market size of USD 21.34million in 2024.

Middle East and Africa Advanced HVAC Controls Market

According to Cognitive Market Research, the global Advanced HVAC Controls market size was estimated at USD 2651.2 Million out of which Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 292.42 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.In the Advanced HVAC Controls Market, the Middle East and Africa region present a landscape of opportunities driven by rapid urbanization, infrastructure development, and increasing investments in sustainability. Regional analysis reveals that the Middle East and Africa are witnessing substantial growth in construction activities, particularly in countries like the United Arab Emirates, Saudi Arabia, and South Africa, leading to a rising demand for advanced HVAC control solutions. Segmentation analysis highlights a diverse customer base, including commercial, residential, and industrial sectors, each with unique requirements for HVAC control systems. In conclusion, the Middle East and Africa's Advanced HVAC Controls Market offer promising opportunities for manufacturers, suppliers, and service providers, fuelled by urbanization, infrastructure investments, and sustainability initiatives.

• According to Cognitive Market Research, the GCC Countries Advanced HVAC Controls market size was valued at USD 22.69million in 2024 and is projected to grow at a CAGR of 19.5%during the forecast period. Advanced HVAC Controls sales flourish in the GCC Countries due to the region's rapid urbanization, infrastructure development, and increasing investments in sustainability.
• The Egypt Advanced HVAC Controls market is projected to witness growth at a CAGR of 19.5%during the forecast period with a market size of USD 5.57million in 2024.
• The South Africa Advanced HVAC Controls market is projected to witness growth at a CAGR of 19.7%during the forecast period with a market size of USD 8.38million in 2024.Advanced HVAC Controls sales flourish in the South Africa due to the region's increasing investments in sustainability.
• The Turkey Advanced HVAC Controls market is projected to witness growth at a CAGR of 18.2%during the forecast period with a market size of USD 4.56million in 2024.
• The Nigeria Advanced HVAC Controls market is projected to witness growth at a CAGR of 17.8%during the forecast period with a market size of USD 30.70 million in 2024.
• The Rest of MEA Advanced HVAC Controls market is projected to witness growth at a CAGR of 17.7%during the forecast period with a market size of USD 6.26million in 2024.

Advanced HVAC Controls Market Analysis

Advanced HVAC Controls System Segment Analysis

According to Cognitive Market Research, the dominating category is the Integrated Control System. Integrated control systems offer comprehensive solutions that combine temperature control, ventilation control, humidity control, and other functionalities into a single, cohesive platform. These systems provide seamless integration and coordination of various HVAC components, allowing for optimized performance, energy efficiency, and occupant comfort. Additionally, integrated control systems streamline maintenance and troubleshooting processes by providing centralized monitoring and control capabilities, reducing complexity and improving system reliability. As buildings become more complex and interconnected, the demand for integrated control systems continues to grow, driving market dominance.

The fastest-growing category in the Advanced HVAC Controls Market is the Ventilation Control System. With increasing awareness of indoor air quality and the importance of proper ventilation in mitigating airborne contaminants and pathogens, there is a growing demand for advanced ventilation control systems. These systems offer features such as demand-controlled ventilation, air quality monitoring, and airflow optimization, enabling precise control over ventilation rates and air exchange rates based on occupancy levels, outdoor air quality, and other factors. The COVID-19 pandemic has further accelerated the adoption of ventilation control systems as businesses and building owners seek to improve indoor air quality and minimize the risk of airborne transmission.

• Temperature Control System 
• Ventilation Control System 
• Humidity Control System 
• Integrated Control System

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Advanced HVAC Controls Industry. Request a Free Sample PDF!

Advanced HVAC Controls Application Segment Analysis

According to Cognitive Market Research, the dominating category is the Commercial sector. Commercial buildings, including office buildings, retail spaces, and hotels, require sophisticated HVAC control systems to maintain comfortable indoor environments for occupants while optimizing energy efficiency. Advanced HVAC controls in commercial buildings enable precise temperature regulation, ventilation management, and energy usage monitoring, leading to significant cost savings and enhanced occupant satisfaction. Additionally, the commercial sector often adopts integrated control systems that combine various HVAC functionalities into a centralized platform for streamlined operation and maintenance.

The fastest-growing category in the Advanced HVAC Controls Market is the Residential sector. With increasing concerns about energy efficiency, comfort, and indoor air quality, homeowners are increasingly investing in advanced HVAC control systems for their residences. Smart thermostats, zoning systems, and air quality sensors are among the popular features adopted in residential HVAC control systems. The growing trend towards smart homes and the availability of user-friendly, affordable solutions contribute to the rapid growth of advanced HVAC controls in the residential sector. Additionally, the COVID-19 pandemic has heightened awareness about indoor air quality and the importance of ventilation and filtration systems in residential spaces, further driving demand for advanced HVAC controls in the residential market.

• Residential 
• Commercial 
• Industrial

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Advanced HVAC Controls Installation Type Segment Analysis

According to Cognitive Market Research, the dominating category is Retrofit installations. Retrofitting involves upgrading existing HVAC systems with advanced controls to improve energy efficiency, comfort, and performance. Retrofit installations are prevalent in older buildings and facilities where the existing HVAC infrastructure may not meet modern energy efficiency standards or occupant comfort requirements. Retrofitting offers a cost-effective solution for building owners and operators to enhance system functionality and extend the lifespan of their HVAC equipment without the need for a complete system overhaul. Moreover, retrofit installations often yield quick returns on investment by reducing energy consumption and operating costs, making them a preferred choice for many building owners looking to optimize their HVAC systems.

The fastest-growing category in the Advanced HVAC Controls Market is New Installations. As new construction projects proliferate, there is a growing demand for advanced HVAC control systems in newly built residential, commercial, and industrial buildings. New installations provide an opportunity for developers, architects, and building owners to incorporate state-of-the-art HVAC controls from the outset, ensuring optimal system performance and energy efficiency from the start. Additionally, advancements in building automation technology and regulatory requirements for energy efficiency and sustainability drive the adoption of advanced HVAC controls in new construction projects. The growing trend towards smart buildings and green building practices further accelerates the demand for new installations of advanced HVAC control systems.

• Installation Type 
• New Installation 
• Retrofit

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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