Smart HVAC Control Market Trends Analysis, and By Types Forecasts 2027

Global Smart HVAC Control Market: Snapshot

Smart heating, ventilation and air conditioning (HVAC) has come to occupy an integral part of smart buildings and facility management, especially in commercial spaces. The global smart HVAC control market offers an array of sensors and advanced control technologies that can detect the operational needs of buildings and adjust accordingly. The smart HVAC control market products are equally attractive for their use in residential buildings. Two of the key operational gains of deploying smart HVAC control are substantial energy savings and better facility management.

Smart HVAC control enables a range of stakeholders—including owners, facility managers, building managers, consumers, and maintenance staff—to obtain information on energy consumption in real time. Over the past few years, smart HVAC control has been achieved in several ways: by utilizing various sensors such as thermal-based, occupancy-based, and light-based controls.

Global Smart HVAC Control Market: Notable Developments

The global smart HVAC control market has been witnessing robust drivers from the increasing integration of HVAC with internet of things (IoT). In this regard, adoption of ultra-low energy (ULE) technology in HVAC control platform for facilitating wireless sensors has proved to be crucial.

In a recent development, a wireless chipset solution by a U.S.-based VoIP company has been selected by a prominent provider of connected thermostat solutions for smart HVAC. DSP Group announced in April, 2019 that Network Thermostat will leverage the former’s ULE technology for smart HVAC control platforms. Equipping wireless remote sensing applications for its smart thermostat array of products, Network Thermostat will greatly enhance a range of wireless remote sensing applications, which notably include temperature, refrigeration, and humidity monitoring. This move will take the company closer to delivering cutting-edge IoT solutions in the global smart HVAC control market.

Over the past few years, a slew of products in the smart HVAC control market have been attracting consumers with advanced energy management system. Integration with modern sensors has rendered advanced functionalities in smart HVAC control. For instance, the use of 3-D sensor helps in better temperature controlling.

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The competitive dynamics in the global smart HVAC control market will be increasingly influenced by players such as Ingersoll-Rand PLC, Daikin Industries Ltd., Schneider Electric, United Technologies, and Nest Labs 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

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