HVAC Controls Market Dynamics: Increasing Adoption of Smart Devices - PowerPoint PPT Presentation

About This Presentation

HVAC Controls Market Dynamics: Increasing Adoption of Smart Devices


The HVAC controls market is mainly dependent on HVAC equipment, as they are a vital part of HVAC systems. The demand for HVAC equipment is increasing because of the boom in the construction sector across the globe. – PowerPoint PPT presentation

Number of Views:53
Slides: 7
Provided by: ctom7000


Transcript and Presenter's Notes

Title: HVAC Controls Market Dynamics: Increasing Adoption of Smart Devices

MarketsandMarkets Presents

HVAC Controls Market Dynamics Increasing
Adoption of Smart Devices HVAC Controls Market
by System (Temperature, Ventilation, Humidity,
Integrated Controls), Component (Sensors, and
Controllers Controlled Devices), Implementation
Type (New Construction, Retrofit), Application,
and Geography - Global Forecast to 2023
The HVAC controls market is mainly dependent on
HVAC equipment, as they are a vital part of HVAC
systems. The demand for HVAC equipment is
increasing because of the boom in the
construction sector across the globe. Increasing
urbanization in developing countries of APAC has
created a huge demand for HVAC equipment. For
instance, upcoming projects in India related to
smart cities, bullet trains, and infrastructural
development are fueling the growth of the HVAC
equipment and controls market in this country.
Population growth and urbanization are driving
the market for HVAC equipment and, eventually,
the market for HVAC controls. An increasing
number of publicprivate partnership (PPP)
projects are boosting the construction sector in
the Middle East. The Tarif International Airport
construction project in Saudi Arabia is a prime
example of a PPP project, which includes the
construction of the airport to handle 5 million
passengers yearly. Several construction projects
are getting implemented in Qatar because of the
2022 FIFA World Cup. Suspended construction
projects in the UAE due to the global economic
crisis have been fully recovered. Such boom in
the construction sector is fueling the demand for
HVAC equipment, thus driving the HVAC controls
market growth. Browse 109 market data Tables
and 63 Figures spread through 161 Pages and
in-depth TOC on "HVAC Controls Market - Global
Forecast to 2023"
Lack of awareness about the benefits of HVAC
controls Global warming and energy-saving have
become major issues to be handled globally.
However, awareness regarding the use of effective
HVAC systems and controls is low. The
implementation of HVAC in residential buildings
in developed countries is high however, because
of the high cost associated with the
implementation of HVAC, the adoption is low even
though the environmental benefits are high.
Setting up an HVAC system in a building is a part
of a subcontract given to a specialized company
by contractors. However, a majority of
subcontracting companies lack technical expertise
and also have the financial budget issue, which
lead to the implementation of ineffective HVAC
systems and controls. Additionally, with respect
to contractors of HVAC systems, there is a lack
of awareness regarding the standards for HVAC.
Ask PDF Brochure https//www.marketsandmarkets.
com/pdfdownloadNew.asp?id130456761 Residential
HVAC construction firms are unaware of the latest
SEER standards, which would ultimately hamper
their business. These factors are hindering the
adoption of HVAC controls, which leads to the
setting up of HVAC equipment with manual
operation systems. However, governments support
the adoption of HVAC systems by providing tax
credits and rolling out regulations and standards.
Increasing adoption of smart devices Continuous
development of technologies and rapid innovation
in various devices have increased the interest of
customers toward the use of devices such as
smartphones in HVAC. Inability to understand the
technicality of devices and handle HVAC systems
in a building has given rise to the concept of
smart devices such as smartphone, smart
thermostat, and smart meter. Smart devices
deliver real-time data and enable a user to
remotely manage HVAC systems. In case of
commercial buildings, smart devices help gather
information in the cloud architecture and send it
to a facility manager (FM)of a building this
enables the FM to optimize the energy consumption
in the building. The trend of remotely handling
HVAC controls in a residential building has
increased owing to the high use of smartphones.
Request Free Sample Pages https//www.marketsan
dmarkets.com/requestsampleNew.asp?id130456761 Ap
plications of the aforementioned devices in
commercial buildings allow operators to collect
data over time and optimize energy consumption.
The use of Wi-Fi thermostat and programmable
thermostat via smart phones helps in managing and
saving energy. Honeywell, Emerson, Venstar,
Danfoss. and Rheem Manufacturing Company are some
of the companies that develop smart devices,
including color touch thermostat and
voice-enabled thermostat.
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. Our 850 fulltime analyst and
SMEs at MarketsandMarkets are tracking global
high growth markets following the "Growth
Engagement Model GEM". The GEM aims at
proactive collaboration with the clients to
identify new opportunities, identify most
important customers, write "Attack, avoid and
defend" strategies, identify sources of
incremental revenues for both the company and its
competitors. MarketsandMarkets now coming up
with 1,500 MicroQuadrants (Positioning top
players across leaders, emerging companies,
innovators, strategic players) annually in high
growth emerging segments. MarketsandMarkets is
determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations early to the market
by providing them research ahead of the
curve. MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of markets.
Contact Us
Contact Mr. Sanjay Gupta MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
newsletter_at_marketsandmarkets.com   For More
Info https//www.marketsandmarkets.com/PressRelea
Write a Comment
User Comments (0)
About PowerShow.com