A $30.2 Billion International Alternative for HVAC Controls by 2026
FACTS AT A GLANCE
Edition: 4; Published: April 2021
Executive pool: 758
Companies: 36 – Players Covered include Daikin Industries; Delta controls; Distech controls; Emerson Electric; Honeywell; Ingerrsoll-Rand; Jackson Systems; Johnson Controls; KMC controls; Lennox; LG electronics; Peco; Schneider Electric; Siemens; United Technologies and others.
Coverage: All major regions and key segments
Segments: System (temperature and humidity control, ventilation control, integrated control); Application (residential, commercial, industrial)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and rest Europe); Asia Pacific (Australia; India; South Korea; and rest Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest Latin America); middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest middle East); and Africa.
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ABSTRACT-
Reaching Global HVAC Controls Market $ 30.2 billion by 2026
Amid the COVID-19 crisis, the global HVAC control market is valued at $ 16.1 billion in 2020 is expected to reach a revised size of $ 30.2 billion until 2026 with a CAGR of 10.9% in the analysis period. Temperature and Humidity Control, one of the segments analyzed in the report, is expected to have a 11.9% CAGR and range $ 14.7 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and its triggered economic crisis, the Ventilation Control segment’s growth will be adjusted to a revised CAGR of 9.8% for the next 7 year period.
The US market is estimated at $ 4.8 billion in 2021, while China is expected to reach $ 6.3 billion by 2026
The US HVAC control market is estimated at $ 4.8 billion in 2021. China, the second largest economy in the world, is expected to reach a market size of $ 6.3 billion by 2026 with a CAGR of 14.5% in the analysis period. Other notable geographic markets include Japan and Canadawho forecast a growth of 7.4% and 9.4% respectively in the analysis period. Within Europe, Germany is forecast to grow about 8.5% CAGR.
Achieve integrated control segment $ 7.1 billion by 2026
In the global Integrated Control segment United States of America, Canada, Japan, China and Europe will drive the estimated CAGR of 9.9% for this segment. These regional markets make a combined market size of $ 2.9 billion in 2020 a forecast size of $ 5.6 billion until the end of the analysis period. China will be one of the fastest growing in this cluster of regional markets. More
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