HVAC Controls Market Size, Share and Analysis

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 HVAC CONTROLS MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 38)
    2.1 RESEARCH DATA
           FIGURE 2 HVAC CONTROLS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of major secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 List of key primary interview participants
                    2.1.3.2 Breakdown of primaries
                    2.1.3.3 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market size using bottom-up analysis
                               FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for arriving at market size using top-down analysis
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—IDENTIFICATION OF REVENUE GENERATED BY COMPANIES FROM HVAC CONTROL OFFERINGS
           FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND SIDE ANALYSIS FOR ESTIMATING SIZE OF HVAC CONTROLS MARKET
    2.3 DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
           TABLE 1 RESEARCH ASSUMPTIONS: MARKET
    2.5 RESEARCH LIMITATIONS
    2.6 RISK ASSESSMENT
           TABLE 2 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 49)
    FIGURE 9 TEMPERATURE CONTROL SYSTEMS TO HOLD LARGEST SHARE OF MARKET DURING FORECAST PERIOD
    FIGURE 10 CONTROLLERS AND CONTROLLED EQUIPMENT TO ACCOUNT FOR LARGER SIZE OF MARKET DURING FORECAST PERIOD
    FIGURE 11 NEW CONSTRUCTION IMPLEMENTATION TYPE TO REGISTER HIGHER CAGR IN MARKET DURING FORECAST PERIOD
    FIGURE 12 COMMERCIAL APPLICATIONS TO DOMINATE MARKET DURING FORECAST PERIOD
    FIGURE 13 MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR FROM 2022 TO 2027

4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR MARKET PLAYERS
           FIGURE 14 BOOMING CONSTRUCTION SECTOR AND RISING USAGE OF IOT-ENABLED HVAC SYSTEMS TO DRIVE HVAC CONTROLS MARKET
    4.2 MARKET IN NORTH AMERICA, BY COUNTRY AND BY COMPONENT
           FIGURE 15 US AND HVAC CONTROLLERS & CONTROLLED EQUIPMENT ARE EXPECTED TO BE LARGEST SHAREHOLDERS OF NORTH AMERICAN MARKET IN 2022
    4.3 MARKET FOR COMMERCIAL APPLICATIONS, BY SYSTEM
           FIGURE 16 TEMPERATURE CONTROL SYSTEMS TO CONTINUE TO HOLD LARGEST SHARE OF MARKET FOR COMMERCIAL APPLICATIONS DURING FORECAST PERIOD
    4.4 HVAC CONTROLS MARKET, BY COUNTRY
           FIGURE 17 MARKET IN INDIA TO GROW AT HIGHEST CAGR FROM 2022 TO 2027

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 18 HVAC CONTROLS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
                    5.2.1.1 Surging demand for smart building automation for homes and offices
                    5.2.1.2 Increasing government initiatives for sustainable and energy-efficient HVAC systems
                    5.2.1.3 Growing need for improving indoor air quality of buildings with HVAC systems
                    5.2.1.4 Integration of IoT in HVAC systems
                               FIGURE 19 MARKET: IMPACT ANALYSIS OF DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 High costs and technical complexities involved in implementing HVAC systems
                               FIGURE 20 MARKET: IMPACT ANALYSIS OF RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand for cloud computing in HVAC
                    5.2.3.2 Increasing trend of integrating smart devices with HVAC systems
                               FIGURE 21 MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Complexity in retrofitting HVAC controls in existing systems
                    5.2.4.2 Low adoption due to lack of awareness
                               FIGURE 22 MARKET: IMPACT ANALYSIS OF CHALLENGES
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 23 MARKET: VALUE CHAIN ANALYSIS
    5.4 PORTER’S FIVE FORCES ANALYSIS
           TABLE 3 IMPACT OF PORTER’S FIVE FORCES ON MARKET, 2022–2027
    5.5 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.5.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 24 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           5.5.2 BUYING CRITERIA
                    FIGURE 25 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 5 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.6 ECOSYSTEM ANALYSIS
           FIGURE 26 MARKET: ECOSYSTEM
           TABLE 6 MARKET: SUPPLY CHAIN
    5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS
           FIGURE 27 REVENUE SHIFT FOR MARKET
    5.8 AVERAGE SELLING PRICES OF HVAC CONTROLS OFFERED BY KEY PLAYERS, BY APPLICATION
           FIGURE 28 AVERAGE SELLING PRICES OF HVAC CONTROLS OFFERED BY KEY PLAYERS FOR TOP THREE APPLICATIONS
           TABLE 7 AVERAGE SELLING PRICES OF HVAC CONTROLS OFFERED BY KEY PLAYERS FOR TOP THREE APPLICATIONS (USD)
           5.8.1 AVERAGE SELLING PRICE TRENDS
                    TABLE 8 AVERAGE SELLING PRICE RANGE OF SENSORS
                    TABLE 9 AVERAGE SELLING PRICE RANGE OF CONTROLLERS
                    TABLE 10 AVERAGE SELLING PRICE RANGE OF CONTROLLED EQUIPMENT
                    TABLE 11 HVAC INSTALLATION COSTS, BY TYPE, 2021
    5.9 CASE STUDIES
           TABLE 12 CASE STUDY – USE OF INTSESIS HVAC CONTROL FOR ENERGY SAVING IN TEXTILE RETAIL STORES
           TABLE 13 CASE STUDY – INSTALLATION OF NEW ROOFTOP HVAC UNIT IN BULL VALLEY GOLF CLUB
           TABLE 14 CASE STUDY – ENERGY-EFFICIENT HVAC SYSTEM FOR COSMETIC MANUFACTURING COMPANY FOR BETTER AIR CONDITIONING REQUIREMENTS
           TABLE 15 CASE STUDY – UPGRADING HVAC SYSTEM IN NOMAD HOTEL
           TABLE 16 CASE STUDY – PREETHI HOSPITAL REQUIRED A RELIABLE HVAC SYSTEM
           TABLE 17 CASE STUDY – DAIKIN VRV SYSTEM USED IN MARACANA STADIUM BRAZIL
    5.10 TECHNOLOGY ANALYSIS
           5.10.1 SUSTAINABLE HVAC SYSTEMS
           5.10.2 SMART HVAC SYSTEMS WITH IOT
           5.10.3 CLOUD COMPUTING IN HVAC SYSTEMS
           5.10.4 ZONED HVAC SYSTEMS
    5.11 TRADE ANALYSIS
           TABLE 18 IMPORT DATA, BY COUNTRY, 2017–2021, (USD MILLION)
           FIGURE 29 IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
           TABLE 19 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
           FIGURE 30 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
    5.12 PATENT ANALYSIS
           FIGURE 31 NUMBER OF PATENTS GRANTED IN MARKET, 2011-2021
           TABLE 20 LIST OF A FEW PATENTS IN MARKET, 2019–2021
           5.12.1 TARIFFS RELATED TO MARKET
                    TABLE 21 TARIFF IMPOSED BY US ON EXPORT OF AIR-CONDITIONING MACHINES COMPRISING MOTOR-DRIVEN FAN AND ELEMENTS FOR CHANGING TEMPERATURE AND HUMIDITY, INCLUDING MACHINES IN WHICH HUMIDITY CANNOT BE SEPARATELY REGULATED, BY COUNTRY
                    TABLE 22 TARIFFS IMPOSED BY CHINA ON EXPORT OF AIR CONDITIONING MACHINES COMPRISING MOTOR-DRIVEN FANS AND ELEMENTS FOR CHANGING TEMPERATURE AND HUMIDITY, INCLUDING MACHINES IN WHICH HUMIDITY CANNOT BE SEPARATELY REGULATED, BY COUNTRY, 2021
                    TABLE 23 TARIFF IMPOSED BY INDIA ON EXPORT OF AIR CONDITIONING MACHINES COMPRISING MOTOR-DRIVEN FAN AND ELEMENTS FOR CHANGING TEMPERATURE AND HUMIDITY, INCLUDING MACHINES IN WHICH HUMIDITY CANNOT BE SEPARATELY REGULATED, BY COUNTRY, 2021
    5.13 KEY CONFERENCES AND EVENTS, 2022–2023
           TABLE 24 MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.14 REGULATIONS AND STANDARDS
           5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 25 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 26 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 27 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.14.2 REGULATORY LANDSCAPE AND STANDARDS
                    5.14.2.1 Environmental HVAC requirements
                               5.14.2.1.1 Current HCFC regulations
                               5.14.2.1.2 New HFC regulations
                               5.14.2.1.3 US regulations
                               5.14.2.1.4 Canadian regulations
                    5.14.2.2 HVAC efficiency standards
                    5.14.2.3 HVAC tech certifications
                    5.14.2.4 Workforce shortages

6 TYPES OF HVAC CONTROL SYSTEMS (Page No. - 89)
    6.1 INTRODUCTION
           FIGURE 32 HVAC CONTROLS MARKET, TYPES OF CONTROL SYSTEMS
    6.2 DIRECT-ACTING SYSTEMS
           6.2.1 MORE CONVENIENT AND LESS EXPENSIVE AS THEY DO NOT REQUIRE EXTERNAL POWER SOURCE
    6.3 ELECTRIC/ELECTRONIC SYSTEMS
           6.3.1 ELIMINATE HAZARDS ASSOCIATED WITH LINE VOLTAGE
    6.4 PNEUMATIC CONTROL SYSTEMS
           6.4.1 MAINLY USED IN LARGE BUILDINGS AS THEY FACILITATE BOTH ON-OFF AND MODULATING CONTROL
    6.5 DIRECT DIGITAL CONTROL SYSTEMS
           6.5.1 MOST COMMONLY DEPLOYED SYSTEMS IN HVAC CONTROL SYSTEMS

7 TYPES OF HVAC CONTROL LOOPS (Page No. - 92)
    7.1 INTRODUCTION
           FIGURE 33 TYPES OF HVAC CONTROL LOOPS
    7.2 OPEN-LOOP CONTROLS
           7.2.1 USED IN SIMPLE SYSTEMS SUCH AS ELECTRIC HEATERS, DAMPERS, AND ACTUATORS
                    FIGURE 34 OPEN-LOOP CONTROL SYSTEMS
    7.3 CLOSED-LOOP CONTROLS
           7.3.1 ACCURATE TO OPERATE AND USED IN VRF SYSTEMS, BOILERS, AND FURNACES TO OBTAIN SET TEMPERATURE
                    FIGURE 35 CLOSED-LOOP CONTROL SYSTEM
                    TABLE 28 DIFFERENCE BETWEEN OPEN-LOOP AND CLOSED-LOOP CONTROL SYSTEMS

8 HVAC CONTROLS MARKET, BY COMPONENT (Page No. - 94)
    8.1 INTRODUCTION
           FIGURE 36 MARKET, BY COMPONENT
           FIGURE 37 CONTROLLERS AND CONTROLLED EQUIPMENT TO ACCOUNT FOR LARGER SIZE OF MARKET DURING FORECAST PERIOD
           TABLE 29 MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
           TABLE 30 MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
    8.2 SENSORS
           TABLE 31 MARKET FOR SENSORS, BY SENSOR TYPE, 2018–2021 (USD MILLION)
           TABLE 32 MARKET FOR SENSORS, BY SENSOR TYPE, 2022–2027 (USD MILLION)
           TABLE 33 MARKET FOR SENSORS, BY SYSTEM, 2018–2021 (USD MILLION)
           TABLE 34 MARKET FOR SENSORS, BY SYSTEM, 2022–2027 (USD MILLION)
           TABLE 35 MARKET FOR SENSORS, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 36 MARKET FOR SENSORS, BY APPLICATION, 2022–2027 (USD MILLION)
           TABLE 37 MARKET FOR SENSORS, BY REGION, 2018–2021 (USD MILLION)
           TABLE 38 MARKET FOR SENSORS, BY REGION, 2022–2027 (USD MILLION)
           TABLE 39 MARKET FOR SENSORS, BY IMPLEMENTATION TYPE, 2018–2021 (USD BILLION)
           TABLE 40 MARKET FOR SENSORS, BY IMPLEMENTATION TYPE, 2022–2027 (USD BILLION)
           8.2.1 BY TYPE
                    8.2.1.1 Temperature and humidity sensors
                               8.2.1.1.1 Critical for occupant comfort, safety, and protecting building infrastructure
                    8.2.1.2 Occupancy sensors
                               8.2.1.2.1 Used in smart home automation and building automation systems for energy saving
                    8.2.1.3 Pressure sensors
                               8.2.1.3.1 Measure airflow and air pressure to ensure adequate air distribution necessary for ventilation control systems
                    8.2.1.4 Flow sensors
                               8.2.1.4.1 Becoming smarter with emergence of advanced microcontrollers, remote two-way communication technology, and self-diagnosis capability
                    8.2.1.5 Others
           8.2.2 BY CONNECTION TYPE
                    TABLE 41 MARKET FOR SENSORS, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
                    TABLE 42 MARKET FOR SENSORS, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
                    8.2.2.1 Wired sensors
                               8.2.2.1.1 Ensure accurate transfer of data as they reduce latency and radio interferences
                    8.2.2.2 Wireless sensors
                               8.2.2.2.1 Reduced installation cost, miniaturized sensor nodes, and better connectivity to accelerate demand
    8.3 CONTROLLERS AND CONTROLLED EQUIPMENT
           TABLE 43 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 44 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY TYPE, 2022–2027 (USD MILLION)
           TABLE 45 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY SYSTEM, 2018–2021 (USD MILLION)
           TABLE 46 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY SYSTEM, 2022–2027 (USD MILLION)
           TABLE 47 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY APPLICATION, 2018–2021 (USD BILLION)
           TABLE 48 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY APPLICATION, 2022–2027 (USD BILLION)
           TABLE 49 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY REGION, 2018–2021 (USD BILLION)
           TABLE 50 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY REGION, 2022–2027 (USD BILLION)
           TABLE 51 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY IMPLEMENTATION TYPE, 2018–2021 (USD BILLION)
           TABLE 52 MARKET FOR CONTROLLERS AND CONTROLLED EQUIPMENT, BY IMPLEMENTATION TYPE, 2022–2027 (USD BILLION)
           8.3.1 CONTROLLED EQUIPMENT
                    8.3.1.1 Control valves
                               8.3.1.1.1 Control valves manage pressure, temperature, and liquid levels using signals provided by controllers
                    8.3.1.2 Heating and cooling coils
                               8.3.1.2.1 Crucial for monitoring temperature change
                    8.3.1.3 Dampers
                               8.3.1.3.1 Reduce pressure on HVAC equipment and maximize energy efficiency
                    8.3.1.4 Actuators
                               8.3.1.4.1 Actuator selection depends on characteristics and choice of control system
                    8.3.1.5 Pumps and fans
                               8.3.1.5.1 Support functions of chillers, boilers, cooling towers, domestic water systems, and hydronic distribution systems
           8.3.2 SMART VENTS
                    8.3.2.1 Implementation helps minimize cost
           8.3.3 CONTROLLERS
                    8.3.3.1 Can be qualified as airside controllers, chiller controllers, general controllers, and variable frequency drives
                    8.3.3.2 VAV controllers
                               8.3.3.2.1 Analyze need for ventilation and operate air handling units to provide fresh air continuously
                    8.3.3.3 FCU controllers
                               8.3.3.3.1 Less expensive than ducted systems and available in ceiling, freestanding, and floor-mounted configurations

9 HVAC CONTROLS MARKET, BY SYSTEM (Page No. - 112)
    9.1 INTRODUCTION
           FIGURE 38 MARKET, BY SYSTEM
           FIGURE 39 TEMPERATURE CONTROL SYSTEMS TO HOLD LARGEST SIZE OF MARKET IN 2027
           TABLE 53 MARKET, BY SYSTEM, 2018–2021 (USD BILLION)
           TABLE 54 MARKET, BY SYSTEM, 2022–2027 (USD BILLION)
    9.2 TEMPERATURE CONTROL SYSTEMS
           9.2.1 AID IN ENERGY EFFICIENCY AND LONG-TERM COST SAVINGS
                    TABLE 55 TEMPERATURE CONTROL SYSTEMS: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
                    TABLE 56 TEMPERATURE CONTROL SYSTEMS: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
                    TABLE 57 TEMPERATURE CONTROL SYSTEMS: MARKET, BY APPLICATION, 2018–2021 (USD BILLION)
                    TABLE 58 TEMPERATURE CONTROL SYSTEMS: MARKET, BY APPLICATION, 2022–2027 (USD BILLION)
    9.3 VENTILATION CONTROL SYSTEMS
           9.3.1 GROWING AWARENESS ABOUT INDOOR AIR QUALITY TO DRIVE ADOPTION
                    TABLE 59 VENTILATION CONTROL SYSTEMS: MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                    TABLE 60 VENTILATION CONTROL SYSTEMS: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                    TABLE 61 VENTILATION CONTROL SYSTEMS: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 62 VENTILATION CONTROL SYSTEMS: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    9.4 HUMIDITY CONTROL SYSTEMS
           9.4.1 INCREASING TEMPERATURE AND HUMIDITY ACROSS ASIA PACIFIC FUELING MARKET
                    TABLE 63 HUMIDITY CONTROL SYSTEMS: MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                    TABLE 64 HUMIDITY CONTROL SYSTEMS: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                    TABLE 65 HUMIDITY CONTROL SYSTEMS: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 66 HUMIDITY CONTROL SYSTEMS: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    9.5 INTEGRATED CONTROL SYSTEMS
           9.5.1 SMART HOMES AND BUILDINGS, ALONG WITH IOT, BOOSTING DEPLOYMENT
                    TABLE 67 INTEGRATED CONTROL SYSTEMS: MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                    TABLE 68 INTEGRATED CONTROL SYSTEMS: MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                    TABLE 69 INTEGRATED CONTROL SYSTEMS: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 70 INTEGRATED CONTROL SYSTEMS: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)

10 HVAC CONTROLS MARKET, BY IMPLEMENTATION TYPE (Page No. - 122)
     10.1 INTRODUCTION
             FIGURE 40 MARKET, BY IMPLEMENTATION TYPE
             FIGURE 41 NEW CONSTRUCTION IMPLEMENTATION TYPE TO REGISTER HIGHER CAGR IN MARKET DURING FORECAST PERIOD
             TABLE 71 MARKET, BY IMPLEMENTATION TYPE, 2018–2021 (USD BILLION)
             TABLE 72 MARKET, BY IMPLEMENTATION TYPE, 2022–2027 (USD BILLION)
     10.2 NEW CONSTRUCTION
             10.2.1 HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
             10.2.2 USE CASE: NEXII PARTNERED WITH TRANE TECHNOLOGIES TO SUPPLY EFFICIENT HVAC EQUIPMENT FOR CONSTRUCTING NEW BUILDINGS WITH SUSTAINABLE TECHNOLOGIES
                        TABLE 73 NEW CONSTRUCTION TYPE: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
                        TABLE 74 NEW CONSTRUCTION TYPE: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
                        TABLE 75 NEW CONSTRUCTION TYPE: MARKET, BY APPLICATION, 2018–2021 (USD BILLION)
                        TABLE 76 NEW CONSTRUCTION TYPE: MARKET, BY APPLICATION, 2022–2027 (USD BILLION)
     10.3 RETROFIT
             10.3.1 IOT AND SMART TECHNOLOGIES SUPPORTING RETROFIT MARKET
             10.3.2 CASE STUDY: RETROFITTING HVAC CONTROLS
                        TABLE 77 RETROFIT TYPE: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
                        TABLE 78 RETROFIT TYPE: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
                        TABLE 79 RETROFIT TYPE: MARKET, BY APPLICATION, 2018–2021 (USD BILLION)
                        TABLE 80 RETROFIT TYPE: MARKET, BY APPLICATION, 2022–2027 (USD BILLION)

11 HVAC CONTROLS MARKET, BY APPLICATION (Page No. - 128)
     11.1 INTRODUCTION
             FIGURE 42 HVAC CONTROLS MARKET, BY APPLICATION
             FIGURE 43 COMMERCIAL APPLICATIONS TO DOMINATE MARKET DURING FORECAST PERIOD
             TABLE 81 MARKET, BY APPLICATION, 2018–2021 (USD BILLION)
             TABLE 82 MARKET, BY APPLICATION, 2022–2027 (USD BILLION)
     11.2 RESIDENTIAL
             11.2.1 TAX CREDITS AND INCENTIVES SUPPORT ADOPTION IN DEVELOPED COUNTRIES
                        TABLE 83 RESIDENTIAL APPLICATION: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
                        TABLE 84 RESIDENTIAL APPLICATION: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
                        TABLE 85 RESIDENTIAL APPLICATION: MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
                        TABLE 86 RESIDENTIAL APPLICATION: MARKET, BY SYSTEM, 2022–2027 (USD MILLION)
                        TABLE 87 RESIDENTIAL APPLICATION: MARKET, BY IMPLEMENTATION TYPE, 2018–2021 (USD BILLION)
                        TABLE 88 RESIDENTIAL APPLICATION: MARKET, BY IMPLEMENTATION TYPE, 2022–2027 (USD BILLION)
     11.3 COMMERCIAL
             11.3.1 OFFICE BUILDINGS
                        11.3.1.1 Smart and efficient HVAC controls to lead to smart, green, and environment-friendly buildings
             11.3.2 EDUCATION CENTERS
                        11.3.2.1 Advanced sensors and controlled devices help reduce power consumption and keep it at optimum levels
             11.3.3 HEALTHCARE FACILITIES
                        11.3.3.1 Help conserve energy and channel it for life-saving purposes at healthcare facilities
             11.3.4 HOSPITALITY CENTERS
                        11.3.4.1 Help optimize energy without causing discomfort to occupants at hospitality centers
             11.3.5 RETAIL STORES
                        11.3.5.1 Pre-programmed thermostats and smart sensors help save energy without disrupting operations at retail stores
             11.3.6 OTHERS
                        TABLE 89 COMMERCIAL APPLICATION: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
                        TABLE 90 COMMERCIAL APPLICATION: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
                        TABLE 91 COMMERCIAL APPLICATION: MARKET, BY SYSTEM, 2018–2021 (USD BILLION)
                        TABLE 92 COMMERCIAL APPLICATION: MARKET, BY SYSTEM, 2022–2027 (USD BILLION)
                        TABLE 93 COMMERCIAL APPLICATION: MARKET, BY IMPLEMENTATION TYPE, 2018–2021 (USD BILLION)
                        TABLE 94 COMMERCIAL APPLICATION: MARKET, BY IMPLEMENTATION TYPE, 2022–2027 (USD BILLION)
     11.4 INDUSTRIAL
             11.4.1 HVAC CONTROLS HELP MAINTAIN ACCURATE TEMPERATURE AND HUMIDITY AS PER REQUIREMENTS OF MANUFACTURING ZONES
                        TABLE 95 INDUSTRIAL APPLICATION: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
                        TABLE 96 INDUSTRIAL APPLICATION: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
                        TABLE 97 INDUSTRIAL APPLICATION: MARKET, BY SYSTEM, 2018–2021 (USD BILLION)
                        TABLE 98 INDUSTRIAL APPLICATION: MARKET, BY SYSTEM, 2022–2027 (USD BILLION)
                        TABLE 99 INDUSTRIAL APPLICATION: MARKET, BY IMPLEMENTATION TYPE, 2018–2021 (USD BILLION)
                        TABLE 100 INDUSTRIAL APPLICATION: MARKET, BY IMPLEMENTATION TYPE, 2022–2027 (USD BILLION)

12 HVAC CONTROLS MARKET, BY REGION (Page No. - 141)
     12.1 INTRODUCTION
             FIGURE 44 MARKET IN ASIA PACIFIC TO HOLD LARGEST SIZE DURING FORECAST PERIOD
             TABLE 101 MARKET, BY REGION, 2018–2021 (USD BILLION)
             TABLE 102 MARKET, BY REGION, 2022–2027 (USD BILLION)
     12.2 NORTH AMERICA
             FIGURE 45 SNAPSHOT: HVAC CONTROLS MARKET IN NORTH AMERICA
             TABLE 103 NORTH AMERICA: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
             TABLE 104 NORTH AMERICA: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
             TABLE 105 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 106 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             12.2.1 US
                        12.2.1.1 Growing use of HVAC controls in new residential and commercial buildings to drive market
             12.2.2 CANADA
                        12.2.2.1 Rising environmental awareness about energy-efficient HVAC technologies to propel market
             12.2.3 MEXICO
                        12.2.3.1 Rebates on retrofits and new constructions to fuel HVAC controls adoption in construction sector
     12.3 EUROPE
             FIGURE 46 SNAPSHOT: MARKET IN EUROPE
             TABLE 107 EUROPE: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
             TABLE 108 EUROPE: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
             TABLE 109 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 110 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             12.3.1 UK
                        12.3.1.1 Expansion of construction industry to fuel market
             12.3.2 GERMANY
                        12.3.2.1 Adoption of energy-efficient systems and smart HVAC devices and development of smart cities to propel demand for HVAC controls
           TABLE 111 GERMAN GREENHOUSE GAS EMISSIONS REDUCTION TARGETS, 2030
             12.3.3 FRANCE
                        12.3.3.1 Rising demand for HVAC controls in smart homes to fuel market
             12.3.4 REST OF EUROPE
     12.4 ASIA PACIFIC
             FIGURE 47 SNAPSHOT: MARKET IN ASIA PACIFIC
             TABLE 112 ASIA PACIFIC: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
             TABLE 113 ASIA PACIFIC: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
             TABLE 114 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 115 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             12.4.1 CHINA
                        12.4.1.1 Adoption of energy-efficient systems by construction sector to fuel demand for HVAC controls across China
             12.4.2 INDIA
                        12.4.2.1 FDI, metro rail expansion, and smart city projects to boost demand for HVAC controls
             12.4.3 JAPAN
                        12.4.3.1 Compact housing systems and need for energy efficiency driving HVAC controls usage
             12.4.4 REST OF ASIA PACIFIC
     12.5 ROW
             TABLE 116 ROW: MARKET, BY COMPONENT, 2018–2021 (USD BILLION)
             TABLE 117 ROW: MARKET, BY COMPONENT, 2022–2027 (USD BILLION)
             TABLE 118 ROW: MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 119 ROW: MARKET, BY REGION, 2022–2027 (USD MILLION)
             12.5.1 SOUTH AMERICA
                        12.5.1.1 Residential and commercial sectors aiding market growth
             12.5.2 MIDDLE EAST & AFRICA
                        12.5.2.1 African governments initiated programs for energy-saving and efficiency

13 COMPETITIVE LANDSCAPE (Page No. - 161)
     13.1 OVERVIEW
     13.2 MARKET EVALUATION FRAMEWORK
             TABLE 120 OVERVIEW OF STRATEGIES DEPLOYED BY KEY HVAC CONTROLS PLAYERS
             13.2.1 PRODUCT PORTFOLIO
             13.2.2 REGIONAL FOCUS
             13.2.3 MANUFACTURING FOOTPRINT
             13.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
     13.3 REVENUE ANALYSIS OF LEADING PLAYERS (2019–2021)
             FIGURE 48 THREE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN MARKET
     13.4 MARKET SHARE ANALYSIS: MARKET, 2021
             TABLE 121 DEGREE OF COMPETITION
     13.5 KEY COMPANY EVALUATION QUADRANT
             13.5.1 STARS
             13.5.2 EMERGING LEADERS
             13.5.3 PERVASIVE PLAYERS
             13.5.4 PARTICIPANTS
                        FIGURE 49 KEY COMPANY EVALUATION QUADRANT, 2021
     13.6 START-UP EVALUATION MATRIX
             13.6.1 PROGRESSIVE COMPANIES
             13.6.2 RESPONSIVE COMPANIES
             13.6.3 DYNAMIC COMPANIES
             13.6.4 STARTING BLOCKS
                        FIGURE 50 START-UP EVALUATION MATRIX, 2021
     13.7 HVAC CONTROLS MARKET: COMPANY FOOTPRINT
             TABLE 122 COMPANY FOOTPRINT (25 COMPANIES)
             TABLE 123 COMPONENT TYPE FOOTPRINT
             TABLE 124 VERTICAL FOOTPRINT
             TABLE 125 REGION FOOTPRINT
     13.8 COMPETITIVE BENCHMARKING
             TABLE 126 MARKET: DETAILED LIST OF KEY STARTUPS
             TABLE 127 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS
     13.9 COMPETITIVE SCENARIO AND TRENDS
             13.9.1 PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 128 PRODUCT LAUNCHES, FEBRUARY 2021–APRIL 2022
             13.9.2 DEALS
                        TABLE 129 DEALS, MARCH 2021–FEBRUARY 2022

14 COMPANY PROFILES (Page No. - 177)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 
     14.1 KEY PLAYERS
             14.1.1 HONEYWELL INTERNATIONAL
                        TABLE 130 HONEYWELL INTERNATIONAL: BUSINESS OVERVIEW
                        FIGURE 51 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
                        TABLE 131 HONEYWELL INTERNATIONAL: PRODUCT OFFERINGS
                        TABLE 132 HONEYWELL: PRODUCT LAUNCHES
                        TABLE 133 HONEYWELL: DEALS
                        TABLE 134 HONEYWELL: OTHERS
             14.1.2 JOHNSON CONTROLS
                        TABLE 135 JOHNSON CONTROLS: BUSINESS OVERVIEW
                        FIGURE 52 JOHNSON CONTROLS: COMPANY SNAPSHOT
                        TABLE 136 JOHNSON CONTROLS: PRODUCT OFFERINGS
                        TABLE 137 JOHNSON CONTROLS: PRODUCT LAUNCHES
                        TABLE 138 JOHNSON CONTROLS: DEALS
             14.1.3 SIEMENS
                        TABLE 139 SIEMENS.: BUSINESS OVERVIEW
                        FIGURE 53 SIEMENS: COMPANY SNAPSHOT
                        TABLE 140 SIEMENS: PRODUCT OFFERINGS
                        TABLE 141 SIEMENS: PRODUCT LAUNCHES
             14.1.4 CARRIER
                        TABLE 142 CARRIER: BUSINESS OVERVIEW
                        FIGURE 54 CARRIER: COMPANY SNAPSHOT
                        TABLE 143 CARRIER: PRODUCT OFFERINGS
                        TABLE 144 CARRIER: PRODUCT LAUNCHES
                        TABLE 145 CARRIER: DEALS
             14.1.5 EMERSON ELECTRIC
                        TABLE 146 EMERSON ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 55 EMERSON ELECTRIC: COMPANY SNAPSHOT
                        TABLE 147 EMERSON ELECTRIC: PRODUCT OFFERINGS
                        TABLE 148 EMERSON ELECTRIC: PRODUCT LAUNCHES
                        TABLE 149 EMERSON ELECTRIC: DEALS
                        TABLE 150 EMERSON ELECTRIC: OTHERS
             14.1.6 SCHNEIDER ELECTRIC
                        TABLE 151 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 56 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
                        TABLE 152 SCHNEIDER ELECTRIC: PRODUCT OFFERINGS
                        TABLE 153 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
             14.1.7 TRANE TECHNOLOGIES
                        TABLE 154 TRANE TECHNOLOGIES: BUSINESS OVERVIEW
                        FIGURE 57 TRANE TECHNOLOGIES: COMPANY SNAPSHOT
                        TABLE 155 TRANE TECHNOLOGIES: PRODUCT OFFERINGS
                        TABLE 156 TRANE TECHNOLOGIES: PRODUCT LAUNCHES
                        TABLE 157 TRANE TECHNOLOGIES: DEALS
             14.1.8 DAIKIN
                        TABLE 158 DAIKIN: BUSINESS OVERVIEW
                        FIGURE 58 DAIKIN: COMPANY SNAPSHOT
                        TABLE 159 DAIKIN: PRODUCT OFFERINGS
                        TABLE 160 DAIKIN: DEALS
                        TABLE 161 DAIKIN: OTHERS
             14.1.9 DELTA CONTROLS
                        TABLE 162 DELTA CONTROLS: BUSINESS OVERVIEW
                        TABLE 163 DELTA CONTROLS: PRODUCT OFFERINGS
                        TABLE 164 DELTA CONTROLS: PRODUCT LAUNCHES
             14.1.10 DISTECH CONTROLS
                        TABLE 165 DISTECH CONTROLS: BUSINESS OVERVIEW
                        TABLE 166 DISTECH CONTROLS: PRODUCT OFFERINGS
                        TABLE 167 DISTECH CONTROLS: PRODUCT LAUNCHES
                        TABLE 168 DISTECH CONTROLS: DEALS
             14.1.11 DANFOSS
                        TABLE 169 DANFOSS: BUSINESS OVERVIEW
                        FIGURE 59 DANFOSS: COMPANY SNAPSHOT
                        TABLE 170 DANFOSS: PRODUCT OFFERINGS
                        TABLE 171 DANFOSS: PRODUCT LAUNCHES
                        TABLE 172 DANFOSS: DEALS
             14.1.12 LENNOX INTERNATIONAL
                        TABLE 173 LENNOX INTERNATIONAL: BUSINESS OVERVIEW
                        FIGURE 60 LENNOX INTERNATIONAL: COMPANY SNAPSHOT
                        TABLE 174 LENNOX INTERNATIONAL: PRODUCT OFFERINGS
                        TABLE 175 LENNOX INTERNATIONAL: PRODUCT LAUNCHES
                        TABLE 176 LENNOX INTERNATIONAL: DEALS
             14.1.13 SAUTER
                        TABLE 177 SAUTER: BUSINESS OVERVIEW
                        TABLE 178 SAUTER: PRODUCT OFFERINGS
                        TABLE 179 SAUTER: PRODUCT LAUNCHES
             14.1.14 LG ELECTRONICS
                        TABLE 180 LG ELECTRONICS: BUSINESS OVERVIEW
                        FIGURE 61 LG ELECTRONICS: COMPANY SNAPSHOT
                        TABLE 181 LG ELECTRONICS: PRODUCT OFFERINGS
                        TABLE 182 LG ELECTRONICS: PRODUCT LAUNCHES
             14.1.15 MITSUBISHI ELECTRIC
                        TABLE 183 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW
                        FIGURE 62 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
                        TABLE 184 MITSUBISHI ELECTRIC: PRODUCT OFFERINGS
                        TABLE 185 MITSUBISHI ELECTRIC: PRODUCT LAUNCHES
                        TABLE 186 MITSUBISHI ELECTRIC: DEALS
                        TABLE 187 MITSUBISHI ELECTRIC: OTHERS
     14.2 OTHER PLAYERS
             14.2.1 KMC CONTROLS
                        TABLE 188 KMC CONTROLS: COMPANY OVERVIEW
             14.2.2 JACKSON SYSTEMS
                        TABLE 189 JACKSON SYSTEMS: COMPANY OVERVIEW
             14.2.3 ASTRONICS PECO
                        TABLE 190 ASTRONICS PECO: COMPANY OVERVIEW
             14.2.4 OJ ELECTRONICS
                        TABLE 191 OJ ELECTRONICS: COMPANY OVERVIEW
             14.2.5 REGIN CONTROLS
                        TABLE 192 REGIN CONTROLS: COMPANY OVERVIEW
             14.2.6 AZBIL CORPORATION
                        TABLE 193 AZBIL CORPORATION: COMPANY OVERVIEW
             14.2.7 BOSCH
                        TABLE 194 BOSCH: COMPANY OVERVIEW
             14.2.8 COMPUTROLS
                        TABLE 195 COMPUTROLS: COMPANY OVERVIEW
             14.2.9 CUBIC SENSOR AND INSTRUMENTS
                        TABLE 196 CUBIC SENSOR AND INSTRUMENTS: COMPANY OVERVIEW
             14.2.10 RELIABLE CONTROLS
                        TABLE 197 RELIABLE CONTROLS: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 

15 APPENDIX (Page No. - 240)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 CUSTOMIZATION OPTIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS