Automatic Environmental Control Global Market Report 2024

The automatic environmental control market size has grown strongly in recent years. It will grow from $17.57 billion in 2023 to $18.72 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth observed during the historic period can be attributed to factors such as industrialization and urbanization, concerns related to energy efficiency, adherence to regulatory standards, emphasis on comfort and convenience, and advancements in sensor technology.

The automatic environmental control market size is expected to see strong growth in the next few years. It will grow to $23.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period can be attributed to efforts in climate change mitigation, the emergence of smart buildings and IoT technologies, a heightened focus on health and wellness, energy management initiatives, and increased building renovations and retrofits. Notable trends in the forecast period encompass building energy management, the integration of artificial intelligence and machine learning, sensing of occupancy and behavior patterns, the integration of energy storage solutions, and a greater emphasis on user-centric design.

The rapid expansion of manufacturing industries plays a pivotal role in propelling the automatic environmental control market's growth. Within the Indian economy, the industrial manufacturing sector is the primary driver of growth, encompassing a wide range of companies involved in the production of machinery, construction materials, rubber and plastic products, electrical and mechanical items, cement, and automation technology products. Furthermore, both China and Brazil are poised for substantial growth in manufacturing output, with annual growth rates projected at 7.1% and 5.0%, respectively, over the next five years. As such, the upsurge in manufacturing industries is poised to drive the growth of the automatic environmental control market.

The key categories within the automatic environmental control market consist of heating equipment, refrigeration equipment, and air conditioning equipment. Heating equipment, in the context of automatic environmental control, pertains to systems responsible for maintaining and providing controlled levels of heat. This category encompasses products like environmental monitors, environmental monitoring sensors, and wearable environmental monitors, which find applications in residential, commercial, and industrial settings.

The automatic environmental control global market research report is one of a series of new reports that provides automatic environmental control market statistics, including automatic environmental control industry global market size, regional shares, competitors with an automatic environmental control market share, detailed automatic environmental control market segments, market trends and opportunities, and any further data you may need to thrive in the automatic environmental control industry. This automatic environmental control market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The rising popularity of smart homes is anticipated to be a driving force behind the growth of the automatic environmental control market in the foreseeable future. A smart home, often referred to as a connected or automated residence, is a residential space equipped with a multitude of interconnected devices and systems that can be controlled and monitored remotely. The core objective of a smart home is to enhance the living environment's comfort, convenience, safety, and energy efficiency by harnessing technology and automation. Automatic environmental control plays a crucial role in improving indoor air quality while achieving energy savings, facilitating remote monitoring, enhancing comfort, and reducing carbon footprint. Smart homes employ sensors and automation to manage environmental conditions effectively. Homes equipped with automatic environmental control systems are instrumental in reducing energy consumption, optimizing energy usage, and minimizing wastage. For example, as of August 2023, statistics from Earthweb Inc., a US-based independent technology research blog with a focus on cybersecurity, blockchain, social media, and marketing, indicate that the global count of smart homes in 2021 stood at 258.54 million. Additionally, in the United States, 23% of households with broadband connectivity possess more than three smart home devices. Hence, the surging demand for smart homes is a key driver of growth in the automatic environmental control market.

The rising trend of trade protectionism poses a significant challenge to the global automatic environmental control market. Trade protectionism is characterized by a country or a coalition of countries forming trade alliances and imposing trade barriers to safeguard their domestic economies from potential risks associated with global trade. The primary objective of trade protectionism is to protect the fundamental economic interests of a nation, including key industries, commodities, and the employment of its workforce. Numerous trade barriers have been erected, with one of the most prominent being the imposition of higher tariffs in bilateral trade between the United States and China. This escalation in protectionist measures has led to a deceleration in global economic growth, primarily through direct impacts on trade volumes, disruptions in supply chains, and increased import costs. It has also indirectly affected business sentiment, heightened uncertainty, and constrained global investments. Hence, the upward trend in trade protectionism is anticipated to have an adverse impact on the growth prospects of the automatic environmental control market.

The adoption of smart thermostats is a prominent trend in the automatic environmental control market. Smart thermostats incorporate advanced technology that enables users to control and manage temperature settings using various internet-connected devices, such as smartphones, laptops, smart speakers, or other computers. This technology allows for the scheduling of preferred temperature settings and seamless integration into home automation systems. For example, Ecobee was among the pioneers to introduce smart thermostat solutions to the market. The company has witnessed significant growth, with its revenues doubling each year. By 2022, Ecobee had achieved impressive revenue figures, totaling $550 million. Ecobee's success is evident in its significant market presence, capturing a substantial 30% market share in smart thermostats across North America. This showcases the growing popularity of smart thermostats and their importance in the automatic environmental control market.

Prominent companies in the automatic environmental control market are channeling their efforts towards the development of innovative solutions to cater to the evolving demands of their customer base. These innovative solutions, exemplified by products like the RICOH EH Environment Sensor D201/202, revolve around environmental sensors designed to assess and monitor environmental conditions across various settings, including smart homes, data centers, and industrial facilities. For instance, in September 2021, Ricoh Company, Ltd., a leading Japanese imaging and electronics corporation, unveiled the RICOH EH Environment Sensor D201/202. These cutting-edge devices are engineered to collect environmental data, such as internal temperature, humidity, brightness, and air pressure, even in challenging environments like refrigerated, high-temperature, and high-humidity conditions. The distinguishing feature of these sensors is their ability to function without the need for batteries or a physical connection. They harness Bluetooth wireless technology or Wi-FiTM2 to provide real-time data access through computers or smart devices, automating data storage and allowing for customizable alerts. This advancement streamlines the transition to digital environmental management by eliminating the necessity for manual temperature and humidity monitoring, battery maintenance, and complex wiring, particularly beneficial in sectors like food processing, industrial operations, and retail establishments.

Major companies operating in the automatic environmental control market include Johnson Controls Inc., Schneider Electric, United Technologies Corporation, Honeywell International Inc., Ingersoll Rand, Siemens AG, Emerson Electric Co., Agilent Technologies, Danaher, Thermo Fisher Scientific Inc, Shimadzu Corporation, PerkinElmer, 3M company, bioMérieux S.A., Merck KGaA, Forbes Marshall, Carrier Corporation, Daikin Industries Ltd., LG Electronics Inc., Mitsubishi Electric Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd., Sharp Corporation, Toshiba Corporation, Trane Inc., York International Corporation, ABB Ltd., Eaton Corporation, General Electric Company, Rockwell Automation Inc.

The Asia-Pacific was the largest region in the automatic environmental control market in 2023. North America is the second-largest region in the automatic environmental control market. The regions covered in the automatic environmental control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the automatic environmental control market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The automatic environmental control global market consists of sales of airflow controllers, air conditioning and refrigeration, heating and cooling system controls, heating regulators, and other automatic environmental controls. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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