Lewes, DE -- (SBWire) -- 03/01/2016 --Report forecast the global advanced HVAC control market to grow at a CAGR of 8.67% during the period 2016-2020.
HVAC control systems reduce energy consumption and enhance the performance of an HVAC unit. Field devices, floor-level controllers, sensors, and building-level controllers are the key types of HVAC control systems. These systems are extensively used in the residential, industrial, and commercial sectors worldwide.
Advanced HVAC controls play a significant role in enhancing the operability of high-performance HVAC systems. These systems involve computerized, intelligent network of electronic devices designed to monitor and control the HVAC systems. Advances in technology allow integration, automation, and optimization of HVAC systems. Advanced HVAC controls can efficiently reduce operational and maintenance costs and energy consumption of HVAC systems. The traditional building management system (BMS) is the key focus of advanced HVAC controls since the advent of direct digital control (DDC) systems.
The report covers the present scenario and the growth prospects of the global advanced HVAC control market for 2016-2020. To calculate the market size, the report considers revenue generated through the following:
- Sales of advanced HVAC control systems
- Support and maintenance services
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, in the US, high demand for controlling heating and air conditioning equipment (thermostats) will drive the need for HVAC controls. In developing countries such as China, the growing need for air quality monitoring systems, to prevent the increasing incidences of respiratory diseases, is likely to boost the market growth.
Further, the report states that the global advanced HVAC controls market is capital intensive. Following the global economic downturn, vendors were unable to invest heavily in R&D and marketing campaigns. Many end-users are struggling to purchase advanced HVAC equipment as it incurs high initial investment and regular maintenance during its life cycle.
Global Advanced HVAC Control Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Advanced HVAC Control 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.
Market driver
- Accelerating demand for HVAC equipment
- For a full, detailed list, view our report
Market challenge
- High initial investment
- For a full, detailed list, view our report
Market trend
- Integration of lighting and HVAC controls
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 65 pages and 24 Exhibit "Global Advanced HVAC Controls Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by product, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-advanced-hvac-controls-market-2016-2020
Related Report;
Global Commercial HVAC Market 2016 - Visit at - http://www.marketresearchreports.com/technavio/global-commercial-hvac-market-2016
Find all HVAC report at: http://www.marketresearchreports.com/hvac
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