The article cited AMA's Global HVAC Electronics Market Study explored substantial growth with CAGR of 6.3%. According the report, Technological Innovation and Advancements in HVAC Electronics Products is one of the primary growth factors for the market. Growing HVAC Industry with Rising Industrialisation is also expected to contribute significantly to the HVAC Electronics market. Overall, Commercial applications of HVAC Electronics, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

AMA’s Analyst on the Global HVAC Electronics market identified that the demand is rising in many different parts of the world as "Surging Demand for the HVAC Electronics in Commercial Applications from the Developing Countries". Furthermore, some recent industry insights like "On 13th January 2021, Appliance and consumer electronics maker Samsung introduced its latest 2021 range of air conditioners (ACs), which include wind-free ACs, convertible 5-in-1 inverter ACs, and hot and cold inverter ACs. The new range comes with smart control functions that allow consumers to remotely control the AC, change settings or switch on/off it using Bixby voice assistant, Alexa, Google Home, or Samsung's Smart Things applications, the company said in a statement." is constantly making the industry dynamic. One of the challenges that industry facing is "High Maintainance and Handling Related Issues with HVAC Electronics"

The HVAC Equipment, such as Thermostats, is boosting the HVAC Electronics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global HVAC Electronics market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the HVAC Electronics market and other related sub-markets covered in the study.

o Key & emerging players in the HVAC Electronics market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall HVAC Electronics market size is calculated using market estimation process, the HVAC Electronics market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global HVAC Electronics market size has been validated using both top-down and bottom-up approaches.