The North America HVAC Controls Market is expected to witness market growth of 8.5% CAGR during the forecast period (2022-2028).
These Digital Device controllers (DDC) groups can be networked or not and still constitute a layer of systems. This "subsystem" is essential to the entire HVAC system's functionality and fundamental operation. The "brain" of the HVAC system is the DDC system. Every damper and valve in a system must be installed at a certain location as decided by the DDCs. It determines the type, speed, and capacity of fans, pumps, and chillers that operate.
This has transformed the idea of controls and made it easier to make way for building automation. Smart HVAC systems have the ability to automate HVAC controls and anticipate when maintenance is necessary before any serious problems begin to damage the system. This modern technological development can eliminate interruptions during routine checkup downtime. The planning, execution, and management of these processes are integrated into one or more HVAC systems in contemporary structures.
The need for HVAC systems is growing in a variety of industries, including the manufacturing, real estate, and service sectors, as a result of factors like the desire for convenience, rising heating costs, and rising disposable income. The highest contribution and penetration rate for heating HVAC equipment is in North America. Given the rising cost of building, continued development is anticipated to produce quick gains. As per the US Department of Energy and ENERGY STAR, Three million heating and cooling systems are replaced each year in the US, and tens of billion are spent on HVAC servicing and repairs.
The US market dominated the North America HVAC Controls Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $5,876 million by 2028. The Canada market is poised to grow at a CAGR of 10.5% during (2022 - 2028). Additionally, The Mexico market is expected to witness a CAGR of 10.3% during (2022 - 2028).
Based on Application, the market is segmented into Commercial, Industrial, and Residential. Based on Component, the market is segmented into Controllers & Controlled Equipment and Sensors. Based on Implementation Type, the market is segmented into New Construction and Retrofit. Based on System, the market is segmented into Temperature Control System, Ventilation Control System, Humidity Control System, and Integrated Control System. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., LG Electronics, Inc. (LG Corporation), Siemens AG, Schneider Electric SE, Emerson Electric Co., Johnson Controls International PLC, Trane Technologies PLC, Daikin Industries, Ltd., Mitsubishi Electric Corporation, and Carrier Global Corporation.
These Digital Device controllers (DDC) groups can be networked or not and still constitute a layer of systems. This "subsystem" is essential to the entire HVAC system's functionality and fundamental operation. The "brain" of the HVAC system is the DDC system. Every damper and valve in a system must be installed at a certain location as decided by the DDCs. It determines the type, speed, and capacity of fans, pumps, and chillers that operate.
This has transformed the idea of controls and made it easier to make way for building automation. Smart HVAC systems have the ability to automate HVAC controls and anticipate when maintenance is necessary before any serious problems begin to damage the system. This modern technological development can eliminate interruptions during routine checkup downtime. The planning, execution, and management of these processes are integrated into one or more HVAC systems in contemporary structures.
The need for HVAC systems is growing in a variety of industries, including the manufacturing, real estate, and service sectors, as a result of factors like the desire for convenience, rising heating costs, and rising disposable income. The highest contribution and penetration rate for heating HVAC equipment is in North America. Given the rising cost of building, continued development is anticipated to produce quick gains. As per the US Department of Energy and ENERGY STAR, Three million heating and cooling systems are replaced each year in the US, and tens of billion are spent on HVAC servicing and repairs.
The US market dominated the North America HVAC Controls Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $5,876 million by 2028. The Canada market is poised to grow at a CAGR of 10.5% during (2022 - 2028). Additionally, The Mexico market is expected to witness a CAGR of 10.3% during (2022 - 2028).
Based on Application, the market is segmented into Commercial, Industrial, and Residential. Based on Component, the market is segmented into Controllers & Controlled Equipment and Sensors. Based on Implementation Type, the market is segmented into New Construction and Retrofit. Based on System, the market is segmented into Temperature Control System, Ventilation Control System, Humidity Control System, and Integrated Control System. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., LG Electronics, Inc. (LG Corporation), Siemens AG, Schneider Electric SE, Emerson Electric Co., Johnson Controls International PLC, Trane Technologies PLC, Daikin Industries, Ltd., Mitsubishi Electric Corporation, and Carrier Global Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Application- Commercial
- Industrial
- Residential
- Controllers & Controlled Equipment
- Sensors
- New Construction
- Retrofit
- Temperature Control System
- Ventilation Control System
- Humidity Control System
- Integrated Control System
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- LG Electronics, Inc. (LG Corporation)
- Siemens AG
- Schneider Electric SE
- Emerson Electric Co.
- Johnson Controls International PLC
- Trane Technologies PLC
- Daikin Industries, Ltd.
- Mitsubishi Electric Corporation
- Carrier Global Corporation
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- Exhaustive coverage
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America HVAC Controls Market by Application
Chapter 5. North America HVAC Controls Market by Component
Chapter 6. North America HVAC Controls Market by Implementation Type
Chapter 7. North America HVAC Controls Market by System
Chapter 8. North America HVAC Controls Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Honeywell International, Inc.
- LG Electronics, Inc. (LG Corporation)
- Siemens AG
- Schneider Electric SE
- Emerson Electric Co.
- Johnson Controls International PLC
- Trane Technologies PLC
- Daikin Industries, Ltd.
- Mitsubishi Electric Corporation
- Carrier Global Corporation
Methodology
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