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Global HVAC Control Systems Market 2019-2023| Rising Demand for Efficient and Fail-Proof HVAC Controls to Boost Growth| Technavio

September 12, 2019 GMT
Global HVAC Control Systems Market 2019-2023| Rising Demand for Efficient and Fail-Proof HVAC Controls to Boost Growth| Technavio
Global HVAC Control Systems Market 2019-2023| Rising Demand for Efficient and Fail-Proof HVAC Controls to Boost Growth| Technavio

LONDON--(BUSINESS WIRE)--Sep 12, 2019--

The global HVAC control systems market size is poised to reach USD 5.08 billion by 2023, according to a new report by Technavio, progressing at a CAGR of 6% during the forecast period.

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This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190912005474/en/

Technavio has announced its latest market research report titled global HVAC control systems market 2019-2023. (Graphic: Business Wire)

“Apart from the rising demand for efficient and fail-proof HVAC controls, the personalization of HVAC controls and the increasing focus on integrated building management system are some other major factors that are expected to drive market growth during the forecast period,” says a senior analyst at Technavio. Request Free Sample Pages

The market is driven by the rising demand for efficient and fail-proof HVAC controls. In addition, advances in temperature control systems are anticipated to further boost the HVAC control systems market growth during the forecast period.

The demand for stable temperature maintenance and efficient monitoring of HVAC systems is increasing across several industries. This is increasing the demand for efficient and fail-proof HVAC controls, especially from cold storage plants, data centers, food processing facilities, and medical and pharmaceutical industry. The ability of HVAC controls to operate and maintain the temperature and environment at optimum levels increases their adoption in cold storage plants and data centers. Therefore, the rapid increase in storage plants and data centers is expected to further drive the demand for HVAC controls.

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Advances in temperature control systems such as thermostats and control valves are increasing the adoption of HVAC control systems across various industries. For instance, zoning systems allow users to set varying heating and cooling parameters to regulate temperatures in different zones. Such advances and continuous innovations in HVAC control systems are expected to boost the growth of the market during the forecast period.

For More Information: Request Free Sample Pages

The report includes detailed profiles of the leading companies & prominent vendors of the market:

  • Azbil Corp.
  • Delta Electronics Inc.
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Ingersoll-Rand Plc
  • Johnson Controls International Plc
  • Lennox International Inc.
  • Mitsubishi Electric Corp.
  • Schneider Electric SE
  • Siemens AG

Market Segmentation by Category and Product Types:

The HVAC Control Systems Market can be broadly categorized into the following applications:

  • Sensors
  • Controlled devices
  • Controllers

Key Regions for the HVAC Control Systems Market:

Featuring a breakdown of region-wise market shares until 2019.

  • North America
  • Europe
  • APAC
  • South America
  • MEA

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

     

Market Sizing

  • Market definition
  • Market size and forecast

     

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Related Reports on Industrials Market are:

Hydrographic Equipment Market – Global Hydrographic Equipment Market by application (hydrographic charting, offshore oil and gas, port and harbor management, and coastal engineering) and geography (APAC, Europe, MEA, North America, and South America).

Hydrogen Compressor Market – Global Hydrogen Compressor Market by end-users (oil and gas, chemicals, and other end-users), technology (multistage hydrogen compressors and single-stage hydrogen compressors), type (oil-based and oil-free), power range (below 100 hp, 101 hp - 200 hp, and 201 hp and above), and geography (APAC, Europe, MEA, North America, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190912005474/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD: SOUTH AMERICA NORTH AMERICA ASIA PACIFIC MIDDLE EAST EUROPE

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY INTERIOR DESIGN

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 09/12/2019 07:26 AM/DISC: 09/12/2019 07:26 AM

http://www.businesswire.com/news/home/20190912005474/en

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