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Research Nester published a report titled “HVAC Controls Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global HVAC controls market in terms of market segmentation by type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The globalHVAC controls market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of type into temperature control, ventilation control, integrated control, and others, out of which, the ventilation control segment is estimated to hold a significant share over the forecast owing to the rising demand for good ventilation in buildings, post the COVID-19 outbreak, to avoid infection. In the end-user segment, the residential segment is anticipated to hold largest market size over the forecast period owing to the increasing adoption of HVAC systems in houses, and rising construction of residential buildings.
The globalHVAC controls market is estimated to increasing penetration of HVAC systems backed by extreme climatic conditions across the world caused by global warming. Rising construction of residential buildings is estimated to boost the market growth, as HVAC systems are being highly installed in houses. The HVAC controls provide central regulation of all the systems of heating, ventilation, and air conditioner, which is estimated to boost the market growth.
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On the basis of geographical analysis, the global HVAC controls market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to gain largest market share over the forecast period, owing to the increasing construction activities backed by the rising population and growing urbanization in the region. Increasing population of countries, such as, India, and China, is a crucial factor estimated to boost the market growth.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Increasing Adoption of HVAC Systems to boost the Market Growth
HVAC or heating, ventilating and air conditioning systems are being increasingly used in commercial and residential buildings, due to rising global temperature and extreme climatic conditions. This is estimated to boost the market growth. Moreover, increasing construction of residential buildings, is estimated to fuel the market growth.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, high cost of HVAC controls is expected to operate as key restraint to the growth of the global HVAC controls market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global HVAC controls market which includes company profiling of Schneider Electric SE, Siemens AG, Daikin Industries, Ltd., Johnson Controls, Carrier Global Corporation, Trane Technologies plc, Emerson Electric Co., Lennox International Inc., Distech Controls Inc. and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global HVAC controls market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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