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.This growth is primarily driven by Increasing Adoption of IoT in HVAC System, Easy Fault Detection by Smart HVAC Controls and Concerns Related to Maintenance of IAQ and Health Issues.
Globally, a noticeable market trend is evident Evolution of Monitoring and Intelligent System
. The Household Appliances sector in the North America region has been increasing at a strong rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as NeST (United States), Schneider Electric (France), Honeywell (United States), Johnson Controls (United States), United Technologies (United States), Trane (Ireland), Siemens (Germany), Salus Controls (United Kingdom), Emerson Electric Co. (United States), Ecobee (Canada), OJ Electronics (Denmark), Regin Controls (United Kingdom) and Distech Controls (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In September 2018, Auburn Community Hospital has completed an energy-efficient indoor comfort solution, which reduces the healthcare facility’s heating and air conditioning energy use by 50 % and saves more than USD 220,000 in energy costs annually. The savings are reinvested in patient care. To achieve these results, the hospital collaborated with Trane Company, a global provider of indoor comfort and energy services solutions.
- Increasing Adoption of IoT in HVAC System
- Easy Fault Detection by Smart HVAC Controls
- Concerns Related to Maintenance of IAQ and Health Issues
- Evolution of Monitoring and Intelligent System
- Demand for Building Automation System
- Changes in Energy Regulations
- Lack of Awareness Among Consumers About HVAC Control System
Increasing Demand for Cloud Computing in HVAC Controls and High Penetration of Smart Devices
Complexity Associated with Upgradation of Existing HVAC Systems
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