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 public–private 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.
Download PDF Brochure:
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.
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.
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.marketsandmarkets.com/requestsampleNew.asp?id=130456761
https://www.marketsandmarkets.com/requestsampleNew.asp?id=130456761
Applications 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.
No comments:
Post a Comment