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The HVAC control systems market took a strong hit in 2020 due to the coronavirus pandemic and is expected to revive in 2021 onward, subject to how the global economies deal with the existing pandemic situation.
The market revenue declined in 2020 as majority of the new construction industries have been impacted by the ongoing pandemic worldwide. All major economies witnessed strong decline in 2020. North America held the maximum share, followed by Asia, EMEA, and Latin America. While revenue in North America declined by double digits in 2020, EMEA, Latin America, and Asia experienced single-digit decline in revenue. The demand from many facilities declined in 2020, experiencing double-digit decline.
Technological trends include the incorporation of Zoning Systems which allows different temperatures to be set in different areas in the same building based on occupant preference. Temperature zones can be created with the help of ductwork dampers, which allows users to use several thermostats to control HVAC settings room by room.
The market for HVAC control system is dominated by Johnson Controls, Honeywell, Siemens, and Schneider Electric. Overall, ARC’s analysis suggests that broad HVAC automation portfolios clearly enable suppliers to garner defensible leadership positions.
This market study may be purchased as an Excel Workbook and/or as a PDF File. The Workbook has some unique features such as the ability to view data in local currency. Studies and formats available are listed below:
MIRA Workbook | PDF File | |
Worldwide (includes regional data) | Yes | Yes |
The research identifies all relevant suppliers serving this market.
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