AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Smart HVAC Controls market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Smart HVAC Controls market.
The Component, such as Sensors, is boosting the Smart HVAC Controls 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 System, such as Temperature Control, is boosting the Smart HVAC Controls market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Smart HVAC Controls market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing Adoption of IoT in HVAC System, Easy Fault Detection by Smart HVAC Controls and Concerns Related to Maintenance of IAQ and Health Issues. †
According to the International Energy Agency (IEA) smart HVAC control systems offers controlled use of energy, as the system maintains specific heating, cooling, and ventilation (HVAC) requirements, avoiding access energy consumption while considering end-user comfort. HVAC control is also known as Smart air conditioning systems. The combined technology provides thermal comfort and enhances indoor air quality. HVAC systems work on the mechanical engineering principles of thermodynamics, fluid transfer and heat transfer. It eliminates the need for human interference for maintaining the temperature in a building, thereby increasing the safety, especially in hazardous and complex setups in industrial buildings. HVAC controls help reduce both energy consumption and cost which is a factor propelling the market growth.
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 Smart HVAC Controls market by Type (Thermostats, Smart air vents and Others), by Application (Commercial [Office Buildings, Education Centers, Hospitality Centers, Retail Centers], Residential and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market