Global Advanced HVAC Control market will reach 4050 million US$ by the end of 2025
The global Advanced HVAC Control market is valued at 1570 million US$ in 2017 and will reach 4050 million US$ by the end of 2025, growing at a CAGR of 12.6% during 2018-2025. https://www.qyresearch.com/index/detail/346540/global-advanced-hvac-control-market
The global Advanced HVAC Control market is valued at 1570 million US$ in 2017 and will reach 4050 million US$ by the end of 2025, growing at a CAGR of 12.6% during 2018-2025. https://www.qyresearch.com/index/detail/346540/global-advanced-hvac-control-market
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<strong>Global</strong> <strong>Advanced</strong> <strong>HVAC</strong> <strong>Control</strong><br />
<strong>market</strong> <strong>will</strong> <strong>reach</strong> <strong>4050</strong> <strong>million</strong><br />
<strong>US$</strong> <strong>by</strong> <strong>the</strong> <strong>end</strong> <strong>of</strong> <strong>2025</strong><br />
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QYResearch<br />
• The programmable <strong>HVAC</strong> controls are devices which are programmable,<br />
that’s meaning <strong>the</strong> direct digital control program code may be customized<br />
for <strong>the</strong> int<strong>end</strong>ed use. The program features include time schedules,<br />
setpoints, controllers, logic, timers, tr<strong>end</strong> logs, and alarms. Customers can<br />
change <strong>the</strong> options dep<strong>end</strong> on <strong>the</strong>ir needs.<br />
• The smart <strong>HVAC</strong> controls are intelligent devices, which are considered<br />
<strong>the</strong> decision makers <strong>of</strong> <strong>the</strong> <strong>HVAC</strong> system. These devices give command to<br />
<strong>the</strong> heat pump for temperature control and control <strong>the</strong> flow <strong>of</strong> air. It also<br />
defines <strong>the</strong> temperature to be set according to <strong>the</strong> wea<strong>the</strong>r condition<br />
outside <strong>the</strong> building environment and communicate with <strong>the</strong> user<br />
accordingly <strong>the</strong> cost effectiveness <strong>of</strong> <strong>the</strong> system in terms <strong>of</strong> energy usage.
QYR<br />
• First, as for <strong>the</strong> global advanced <strong>HVAC</strong> control industry, <strong>the</strong><br />
industry structure is relatively concentrated. The half <strong>market</strong><br />
share in revenue is grasped <strong>by</strong> <strong>the</strong> top four manufacturers,<br />
Honeywell, Johnson <strong>Control</strong>s, Nest and Schneider, which closes<br />
to 54.91 per cent totally. The United States giant Honeywell,<br />
which has21.25% <strong>market</strong> share in 2015, is <strong>the</strong> leader in <strong>the</strong><br />
advanced <strong>HVAC</strong> control industry. The manufacturers following<br />
Honeywell are Nest and Johnson <strong>Control</strong>s, which respectively<br />
has 11.97% and 11.23% <strong>market</strong> share globally.
QYR<br />
• Second, <strong>the</strong> global consumption <strong>of</strong> advanced <strong>HVAC</strong> control<br />
products rises up from 9925 k units in 2011 to 11961 k<br />
units in 2015, with an average annual growth rate <strong>of</strong> 4.79%.<br />
At <strong>the</strong> same time, <strong>the</strong> revenue <strong>of</strong> world advanced <strong>HVAC</strong><br />
control sales <strong>market</strong> has a leap from 715 <strong>million</strong> dollar in<br />
2012 to 1340 <strong>million</strong> dollar in 2017. The reason causes this<br />
increase is <strong>the</strong> growing demand for <strong>the</strong> advanced <strong>HVAC</strong><br />
control products, which is <strong>the</strong> outcome <strong>of</strong> <strong>the</strong> downstream<br />
industries are in a good situation.
QYR<br />
• Third, <strong>the</strong> downstream industries <strong>of</strong> advanced <strong>HVAC</strong><br />
control products are commercial and residential. In <strong>the</strong><br />
recent years, with <strong>the</strong> recovery <strong>of</strong> global economic, <strong>the</strong><br />
development <strong>of</strong> emerging countries and <strong>the</strong> raising<br />
awareness <strong>of</strong> energy saving, <strong>the</strong> consumption increase <strong>of</strong><br />
advanced <strong>HVAC</strong> control <strong>will</strong> be obvious. In <strong>the</strong><br />
foreseeable future, <strong>the</strong> advanced <strong>HVAC</strong> control<br />
products <strong>will</strong> show a very optimistic upward tr<strong>end</strong>.
QYR<br />
The global <strong>Advanced</strong> <strong>HVAC</strong> <strong>Control</strong> <strong>market</strong> is valued at 1570<br />
<strong>million</strong> <strong>US$</strong> in 2017 and <strong>will</strong> <strong>reach</strong> <strong>4050</strong> <strong>million</strong> <strong>US$</strong> <strong>by</strong> <strong>the</strong><br />
<strong>end</strong> <strong>of</strong> <strong>2025</strong>, growing at a CAGR <strong>of</strong> 12.6% during 2018-<strong>2025</strong>.<br />
Click to view <strong>the</strong> full report:<br />
https://www.qyresearch.com/index/detail/346540/globaladvanced-hvac-control-<strong>market</strong>
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