A $30.2 Billion Global Opportunity for HVAC Controls by 2026

FACTS AT A GLANCE
Edition: 4; Released: April 2021
Executive pool: 758
Businesses: 36 – The players include Daikin Industries; Delta controls; Distech controls; Emerson Electric; honey; Ingerrsoll-Rand; Jackson systems; Johnson controls; KMC controls; Lennox; LG electronics; peko; Schneider Electric; Siemens; United Technologies and others.
Coverage: All major geographies and major segments
Segments: System (Temperature and Humidity Control, Ventilation Control, Integrated Control); Application (residential, commercial, industrial)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and the rest of Europe); Asia-Pacific (Australia; India; South Korea; and the rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and the rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and the rest of Middle East); and Africa.

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ABSTRACT-

Reach Global Market for HVAC Controls $30.2 billion by 2026
Amid the COVID-19 crisis, the global HVAC control market is estimated to be US$16.1 billion in the year 2020, is expected to reach a revised size of $30.2 billion by 2026, growing at a CAGR of 10.9% over the analysis period. Temperature and humidity control, one of the segments analyzed in the report, is expected to reach a CAGR of 11.9% and a range US$14.7 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the economic crisis caused, growth in the Ventilation Control segment is adjusted to a revised CAGR of 9.8% for the next 7 years.

The US market is estimated at: $4.8 billion in 2021, while China is expected to reach $6.3 billion by 2026
The US HVAC control market is estimated to be US$4.8 billion in 2021. China, the world’s second largest economy, is expected to have an expected market size of US$6.3 billion by the year 2026 at a CAGR of 14.5% over the analysis period. Among the other notable geographic markets are: Japan and Canada, each of which will grow by 7.4% and 9.4% respectively over the analysis period. Inside Europe, Germany is expected to grow at approximately 8.5% CAGR.

Integrated control segment to achieve US$7.1 billion by the year 2026
In the global Integrated Control segment, USA, Canada, Japan, China and Europe will generate the estimated 9.9% CAGR for this segment. These regional markets account for a combined market size of US$2.9 billion in the year 2020, a projected size of US$5.6 billion at the end of the analysis period. China remains one of the fastest growing in this cluster of regional markets. More

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