Europe HVAC Controls Market Size, Share & Industry Trends Analysis Report By Application, By Component (Controllers & Controlled Equipment and Sensors), By Implementation Type, By System, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe HVAC Controls Market would witness market growth of 8.7% CAGR during the forecast period (2022-2028).
Mechanical engineers, building services engineers, or building service designers evaluate, plan, and specify the HVAC systems for bigger structures. The systems are then manufactured, installed, and commissioned by specialized mechanical contractors and suppliers. For all sizes of structures, building permits and inspections of the installations for code compliance are typically necessary.
Building automation systems (BAS) can connect with more complex HVAC systems to give building owners additional control over the heating and cooling systems. From nearby or far away, the building owner may keep an eye on the system and respond to alarms it generates. From the BAS, the system can be configured differently or scheduled for occupancy. At times, the HVAC parts are under the direct control of the BAS. Different interfaces can be utilized, depending on the BAS.
The demand for HVAC equipment in the European areas, particularly in the United Kingdom, Germany, and France, is anticipated to rise as a result of government requirements pertaining to energy efficiency and the use of environmentally friendly refrigerants. Through new rules and alluring incentives, the German government is aggressively encouraging the rapid development and integration of efficient and renewable heating and cooling technology. In Germany, this advertising has caused a large market shift, which has contributed to the expansion of the heating and cooling sector.
The Germany market dominated the Europe HVAC Controls Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,864.5 million by 2028. The UK market is anticipated to grow a CAGR of 7.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.5% during (2022 - 2028).
Based on Application, the market is segmented into Commercial, Industrial, and Residential. Based on Component, the market is segmented into Controllers & Controlled Equipment and Sensors. Based on Implementation Type, the market is segmented into New Construction and Retrofit. Based on System, the market is segmented into Temperature Control System, Ventilation Control System, Humidity Control System, and Integrated Control System. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global HVAC Controls Market will Hit $28.9 Billion by 2028, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., LG Electronics, Inc. (LG Corporation), Siemens AG, Schneider Electric SE, Emerson Electric Co., Johnson Controls International PLC, Trane Technologies PLC, Daikin Industries, Ltd., Mitsubishi Electric Corporation, and Carrier Global Corporation.
Scope of the Study
Market Segments Covered in the Report:
- Controllers & Controlled Equipment
By Implementation Type
- New Construction
- Temperature Control System
- Ventilation Control System
- Humidity Control System
- Integrated Control System
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- LG Electronics, Inc. (LG Corporation)
- Siemens AG
- Schneider Electric SE
- Emerson Electric Co.
- Johnson Controls International PLC
- Trane Technologies PLC
- Daikin Industries, Ltd.
- Mitsubishi Electric Corporation
- Carrier Global Corporation
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