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Allied Market Research

Advanced HVAC Control Systems Market - Global opportunity analysis and industry forecast, 2020-2027

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Jun 2021 | 196 Views
 
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COVID-19

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Heating ventilation and air conditioning (HVAC) is one of the most important systems used everywhere including homes, buildings and industries. Without having proper control system, HVAC equipment would not be able to perform properly. Hence, appropriate control system should be present to get the proper functioning of the HVAC equipment. By using appropriate control system, the air conditioning or heating operations of these equipment are regulated. Generally, sensing device is implied in the HVAC equipment, which compares the actual state of atmosphere with required state of atmosphere and performs accordingly.

Market scope and structure

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Component, Application, Systems and Region

  Companies covered

Major players analyzed includeHoneywell International, Johnson Controls, Schneider Electric, Delta Controls, Nest, Ingersoll-Rand plc, Mitsubishi Electric Corporation, KMC Controls, Emerson, Siemens

Regions covered

North America

Europe

Asia-Pacific

LAMEA

U.S., Canada and Mexico

Germany, France, UK, Italy, Spain and the Rest of Europe

China, Japan, India, South Korea and the Rest of Asia Pacific

Latin America, Middle East and Africa

COVID-19 scenario analysis:

  • The demand for advanced HVAC control systems is expected to decrease in the year 2020, owing to low demand from various industries as a result of lockdown been imposed by governments of many countries.
  • COVID-19 pandemic has forced many companies including manufacturers and service providers in the advanced HVAC control systems market to halt their business operations to comply with new government rules and regulations. This halt in operations directly impacts revenue flow of the market players and thereby the global advanced HVAC control systems market.
  • Moreover, research scientists are unable to rule out the possibility of spread of corona virus through heating, ventilation, and air conditioning (HVAC) systems.
  • Consumers around the world are confused whether HVAC air filtration systems can protect them from COVID-19 exposure.
  • Some systems such asgermicidal wavelength UV fixtures were capable of filtering air in previous cases of SARS and MERS viruses but the same cannot be scientifically claimed for COVID-19, as research is still ongoing.
  • Installation and servicing operations would be impeded as contact prevention norms reduce the number of orders that can be handled per day by HVAC companies.

Top impacting factors:

HVAC control systems plays very crucial role in the performance of different HVAC devices or equipment such as air conditioners, heater and pumps. The working of the HVAC devices mostly depends upon the signals which they receives from the advanced control systems. Hence, proper control system must be implied in every HVAC device. Different components are used in HVAC control systems such as controlled devices, controllers, and sensors. Each component of HVAC control systems need to perform its function in a proper way. Sensors in the control system are used for measuring value of environmental factors such as temperature and humidity.

Different types of controlled systems are used in HVAC devices such as direct digital control and building automation system. Direct digital control program is used in HVAC devices for measurement of environmental factors. Digital controls are normally used to start and stop the HVAC device and analog outputs are used so that the movement of the control devices such as dampers and valves can be controlled. Sometimes building automation systems gets interfaced with complex HVAC systems. Therefore, owner of buildings can control cooling and heating units. The system is monitored by owner and then responds to alarms which are generated by the system. Therefore, due to wide range of applications, the demand for advanced HVAC control system is expected to rise during the forecast period.

New product launch to flourish the market:

Many companies in the HVAC systems market are developing and introducing new products to the market. These new products are technologically more advanced than the previous range of their products. These new products are more efficient and effective in their performance and are widely used in the industry.

In May 2020, Zenatics, which is a portfolio of Hero Electronics, has launched a COVID-19 ready HVAC control system named as ZenShield. In the ZenShield HVAC control system, exhaust operation, humidity control and temperature control is automated by the control system. It ensures that the free air is circulated in the building and along with this; it also monitors humidity and temperature in real time. Also, In April 2019, DSP group has launched new technology named as ultra low energy (ULE) technology. This new technology has been used in the network thermostat. These thermostats are used for the advanced HVAC control platforms. Different functions such as humidity monitoring and temperature measurement can be performed more effectively with the help this technology.  

Key driving factors for the growth of advanced HVAC control systems market:

Control system is an essential factor is any HVAC system. Control systems ensure effective and efficient functioning of the HVAC systems. This could be the key driving factor for the growth of advanced HVAC control system market.

New technologies have been introduced in the control system. Hence the performance of the control systems has improved which in turns also resulted in improvement in the performance of the HVAC systems. Hence, the demand for advanced HVAC controlled systems is expected to rise during the forecast period.

Key restraining factors for the growth of advanced HVAC control systems market:

With advancements in the control system, it has become more automated and effective than earlier. However, owing to advancements, the price of the control system has also been increased. This factor could restrain the many companies to use advanced control system in the HVAC devices.

Key segments covered:

Segments

Subsegments

  Component

  • Sensors
  • Controllers
  • Controlled Devices

  System

  • Temperature & Humidity Control
  • Ventilation Control
  • Integrated Control

 

  Application

 

  • Residential
  • Commercial
  • Industrial

 

Key benefits of the report:

  • This study presents the analytical depiction of the Advanced HVAC control systems market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
  • The report provides a detailed Advanced HVAC control systems market analysis based on competitive intensity and how the competition will take shape in coming years.
 
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