Advanced HVAC Controls Market to Grow at 8.67% CAGR Driven by Accelerating Demand for HVAC Equipment to 2020

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Feb 28, 2016, 09:00 ET

PUNE, India, February 29, 2016 /PRNewswire/ --

Growing need for air quality monitoring systems is likely to boost the advanced HVAC controls market growth with an objective of preventing increase in incidences of respiratory diseases in developing countries such as China. In the US, high demand for controlling heating and air conditioning equipment (thermostats) will drive the need for HVAC control.

Complete report on advanced HVAC controls market spread across 65 pages, analyzing 5 major companies and providing 24 data exhibits is now available at http://www.sandlerresearch.org/pressrelease/global-advanced-hvac-controls-market-2016-2020.html

The analysts forecast global advanced HVAC controls market to grow at a CAGR of 8.67% during the period 2016-2020.Energy savings by improving the efficiency of lighting and HVAC technologies, as well as integrating controls reduce energy consumption and costs, improve environmental conditions, and create a better indoor environment for building occupants.

In the present scenario, rising energy demand and its growing consumption are leading to various consequences such as monetary, political, and environmental. Enhancing energy efficiency has, therefore, become an important issue. Building owners, operators, governments, and regulatory agencies are progressively focusing on optimizing building energy use through improved HVAC controls. Order a copy of Global Advanced HVAC Controls Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=51883

Increasing demand the accelerating demand for HVAC equipment will play a significant role in boosting the global advanced HVAC controls market during the forecast period. The rise in the deployment of HVAC equipment in commercial, domestic, and industrial buildings will create demand for efficient and effective control systems. Since HVAC consumes almost 40% of the electricity used in commercial buildings, improved control systems will significantly reduce energy consumption, increase ROI, and reduce energy costs.

The sensors segment contributed the majority of the revenue to the market during 2015 and are increasingly used in the advanced HVAC controls systems. Temperature sensing and control are the most vital sensor functions in these systems.

The global advanced HVAC controls market by non-residential users is expected to register the fastest growth during the forecast period, posting a CAGR of over 8%. The non-residential users of advanced HVAC controls are healthcare and educational institutions, manufacturing and industrial buildings, as well as offices and retail stores.

The global advanced HVAC controls market is well diversified with the presence of numerous international and local vendors, with many local vendors providing customized advanced HVAC control systems at a lower price than international suppliers. The market is also witnessing the entry of many new players, but they find it difficult to compete with the international vendors in terms of features, quality, functionalities, and services.

Key players in the global advanced HVAC controls market: Honeywell International, Johnson Controls, Mitsubishi Electric, Schneider Electric and Siemens. Other prominent vendors in the market are: Azbil, Delta Controls, Distech Controls, Innotech Systems, KMC Controls, NanoSense, Reliable Controls, Sauter, Trane, and Triatek.

Another related report is HVAC Equipment Market in China 2015-2019; the analysts forecast HVAC equipment market in China to grow at a CAGR of 8.51% over the period 2014-2019. The HVAC equipment market in China is shifting toward green technology and the use of smart solutions. The green initiative has been taken up by different countries to promote clean energy. With the advent of hybrid systems and non-polluting refrigerants, HVAC vendors and end-users are shifting toward green technology. Browse complete report @ http://www.sandlerresearch.org/hvac-equipment-market-in-china-2015-2019.html

Key players in the HVAC equipment market in china: Carrier, Daikin Industries, Ingersoll Rand and LG. Other prominent vendors in the market are: AB Electrolux, GD Midea, Gree Electric Appliances, Haier, Lennox International, Nortek, Paloma Industries, Samsung and Siemens

Explore other new reports on Manufacturing Market @ http://www.sandlerresearch.org/market-research/manufacturing

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