HVAC Controls Market Best Workable Strategy That Will Help to Boost your Revenue Till 2030

The HVAC Controls Market size is expected to reach US$ 41.32 billion by 2030 from 9.73 billion in 2022, with an estimated CAGR of 19.8% from 2022 to 2030.

The North American HVAC controls Market is segmented into the US, Canada, and Mexico. The US is estimated to hold the largest HVAC controls market share during the forecast period. HVAC control systems are widely used across the region owing to several benefits, such as power-saving measures. The market is primarily driven by increasing housing projects, high construction spending, fast urbanization, and rising disposable income. Canada and the US are two of the top ten energy-consuming nations in the world, with the US registering the second position after China. The majority of people in the US have air conditioners.

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Analysis of the Top Market Players:

1. Acuity brands inc.
2. Lennox international Inc.
3. Johnson Controls
4. Honeywell
5. Siemens
6. Schneider Electric
7. Emerson
8. Carrier
9. Daikin
10. Delta Controls

In this report, the market has been segmented on the basis of:

Component
• Hardware and Software & Services

Installation Type
• New Installation and Retrofit

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

Moreover, Daikin is anticipated to increase the adoption of lower global warming potential (GWP) refrigerant R32 by creating ducted and ductless homes and light commercial and air conditioning solutions for North America. Daikin claims that the selection of R32 is consistent with its widespread popularity. Similarly, in January 2022, Daikin Applied introduced SiteLine Building Controls, a portfolio of cloud-based, scalable technologies to effortlessly monitor, connect, and manage individual HVAC equipment and integrated building systems. With SiteLine, building owners and operators will be able to access tools and insights to optimize performance, improve indoor air quality, and trim energy use and carbon emissions.

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Based on end user, the HVAC controls market is segmented into commercial, industrial, and residential. The commercial segment held the largest share in the HVAC controls market. Buildings with commercial HVAC systems have interconnected systems that deliver heating, ventilation, and cooling to specific floors or other parts of the building. Heat pumps are frequently a part of commercial HVAC systems and are used to heat water or air. Water source heat pumps are equipped with pipes that distribute water throughout the structure. Although they could be on the ground, roof top units are normally on the building's roof. They work to supply the facility with the conditioned air. Cool water is produced by chillers and supplied through pipes to air cooling coils. There are two types of heaters used in commercial HVAC systems: furnaces that burn fuel to heat the air within the building and radiant heaters that use infrared radiation to heat the air.

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