COVID-19 Impacts: HVAC Control Systems Market Will Accelerate at a CAGR of Almost 5% Through 2020-2024 | Advances in Temperature Control Systems to Boost Growth | Technavio

Technavio has been monitoring the HVAC control systems market and it is poised to grow by USD 4.89 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Azbil Corp., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, Lennox International Inc., Mitsubishi Electric Corp., Schneider Electric SE, Siemens AG, and Trane Technologies Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Advances in temperature control systems have been instrumental in driving the growth of the market. However, high investment costs might hamper the market growth.

HVAC Control Systems Market 2020-2024: Segmentation

HVAC Control Systems Market is segmented as below:

• Product
  • Sensors
  • Controlled Devices
  • Controllers
• Geography
  • APAC
  • North America
  • Europe
  • MEA
  • South America
• End-user
  • Automotive
  • Residential
  • Commercial
  • Industrial

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HVAC Control Systems Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our HVAC control systems market report covers the following areas:

• HVAC Control Systems Market size
• HVAC Control Systems Market trends
• HVAC Control Systems Market industry analysis

This study identifies the personalization of HVAC controls as one of the prime reasons driving the HVAC control systems market growth during the next few years.

HVAC Control Systems Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the HVAC control systems market, including some of the vendors such as Azbil Corp., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, Lennox International Inc., Mitsubishi Electric Corp., Schneider Electric SE, Siemens AG, and Trane Technologies Plc. Backed with competitive intelligence and benchmarking, our research reports on the HVAC Control Systems Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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HVAC Control Systems Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist HVAC control systems market growth during the next five years
• Estimation of the HVAC control systems market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the HVAC control systems market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of HVAC control systems market vendors

Table Of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Sensors - Market size and forecast 2019-2024
• Controlled devices - Market size and forecast 2019-2024
• Controllers - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Automotive - Market size and forecast 2019-2024
• Residential - Market size and forecast 2019-2024
• Commercial - Market size and forecast 2019-2024
• Industrial - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers ? Demand led growth

Market Challenges

Market Trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Azbil Corp.
• Delta Electronics Inc.
• Emerson Electric Co.
• Honeywell International Inc.
• Johnson Controls International Plc
• Lennox International Inc.
• Mitsubishi Electric Corp.
• Schneider Electric SE
• Siemens AG
• Trane Technologies Plc

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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