$ 6.53 bn HVAC Control Systems Market from 2021 to 2025: Analyzing growth for Electrical Components & Equipment

NEW YORK, Sept. 29, 2021 /PRNewswire/ — The «HVAC Control Systems Market – Competitive Analysis, Impact of COVID-19, Five Force…

NEW YORK, Sept. 29, 2021 /PRNewswire/ — The «HVAC Control Systems Market – Competitive Analysis, Impact of COVID-19, Five Force Analysis» report has been added to Technavio’s offering.

The HVAC control systems market is supposed to increase by $ 6.53 bn at a CAGR of 6.09% during 2021-2025.

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Market Dynamics

The market is driven by factors such as the rising demand for efficient and fail-proof HVAC controls, inorganic growth of the global HVAC control systems market, and advances in temperature control systems. However, the lack of a skilled workforce is hindering the market growth.

Company Profiles

The HVAC control systems market report provides complete insights on key vendors including Azbil Corp., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, Lennox International Inc., Mitsubishi Electric Corp., Schneider Electric SE, Siemens AG, and Trane Technologies plc.

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Competitive Analysis

The competitive scenario provided in the HVAC control systems market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By Product, the market is classified into segments – Sensors, Controlled devices & Controllers The HVAC control systems market share growth by the sensors segment will be significant during the forecast period.
  • By End Users – the market is classified into segments – Automotive, Residential, Commercial & Industrial
  • By Geography, the market is classified as APAC, North America, Europe, MEA, and South America. APAC will have the largest share of the market.

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HVAC Control Systems Market Report Coverage

Report Coverage

Details

Base Year

2020

Year-Over-Year Growth in 2021

3.76%

Forecast Period

2021 to 2025

CAGR

Accelerating at 6.09 %

No. of Pages

120

Incremental Growth

$ 6.53 Billion

Segments covered

Product, End User & Geography

By Product

  • Sensors
  • Controlled devices
  • Controllers

By End-User

  • Automotive
  • Residential
  • Commercial
  • Industrial

By Geography

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

Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation by Product
  • Market Segmentation by End-user
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

About Us

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 17,000 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.

Contact

Technavio Research

 Jesse Maida

 Media & Marketing Executive

 US: +1 844 364 1100

 UK: +44 203 893 3200

 Email: media@technavio.com

 Website: www.technavio.com/

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