Asia Pacific HVAC Control Systems Market By Component (Controllers, Sensors and Controlled Devices) By Type (Temperature & Humidity Control, Ventilation Control and Integrated Control) By End User (Residential, Commercial and Industrial) By Country, Industry Analysis and Forecast, 2019 - 2025
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The Asia Pacific HVAC Control Systems Market would witness market growth of 13.2% CAGR during the forecast period (2019-2025). HVAC control systems are typically complex systems consisting of software-managed controllers and sensors that constantly monitor interior conditions and run individual HVAC components, providing the occupants of a building with energy-efficient comfort. A thermostat in a home is the HVAC control which regulates the furnace or air conditioner function and the blower which distributes heated or cooled air. In the past, thermostats are simple devices that started the system at a certain set point of temperature and then shut it off at other point. Today, more complex and effective types of residential HVAC controls are available due to advanced technology like digital programmable thermostats, zoning systems, and smart thermostats.
Growth is attributed to rising demand from emerging economies like China and India. In addition, the rapidly increasing disposable income, coupled with the availability of low-cost systems in these countries, is expected to intensify competition in the region. Further, the HVAC control market in APAC is expected to grow at the highest CAGR over the coming years. Among APAC's major countries, China is making an enormous contribution to the market.
Based on Component, the market is segmented into Controllers, Sensors and Controlled Devices. Based on Type, the market is segmented into Temperature & Humidity Control, Ventilation Control and Integrated Control. Based on End User, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include United Technologies Corporation, Emerson Electric Co., Delta Electronics, Inc., Honeywell International, Inc., Schneider Electric SE, Siemens AG, Johnson Controls International Plc., Mitsubishi Electric Corporation, Ingersoll-Rand Plc. and Lennox International, Inc.
Scope of the HVAC Control Systems Market Analysis
- Controlled Devices
- Temperature & Humidity Control
- Ventilation Control
- Integrated Control
By End User
- South Korea
- Rest of Asia Pacific
- United Technologies Corporation
- Emerson Electric Co.
- Delta Electronics, Inc.
- Honeywell International, Inc.
- Schneider Electric SE
- Siemens AG
- Johnson Controls International Plc.
- Mitsubishi Electric Corporation
- Ingersoll-Rand Plc.
- Lennox International, Inc.
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