HVAC Control System Market to Grow at 19% CAGR to 2024: By Key Vendors Distech Controls, Lennox International, LG Electronics, Nest
The North America HVAC control system market is will grow rapidly over the forecast time span due to the large-scale adoption of smart homes in this region. The growing demand for enhancing energy efficiency in the buildings is encouraging users to implement these systems in new buildings and retrofits. According to the U.S. Energy Information Administration (EIA), in 2015, about 40% of the total energy consumption in the U.S. was by commercial and residential buildings.
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