The HVAC controls market refers to the industry that manufactures and sells devices and systems used to regulate heating, ventilation, and air conditioning in residential, commercial, and industrial buildings. These systems can control temperature, humidity, air quality, and other environmental factors to provide comfort and safety for occupants.
The global HVAC controls market is projected to grow significantly in the coming years due to factors such as increased construction activities, rising demand for energy-efficient HVAC systems, and the need for improved indoor air quality. According to a report by MarketsandMarkets, the global HVAC controls market is expected to reach $26.7 billion by 2027, growing at a CAGR of 9.2% from 2022 to 2027.
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Some of the top companies in the HVAC controls market include:
Honeywell International Inc.: Honeywell is a multinational conglomerate that offers a range of products and services in various industries, including HVAC controls. Its HVAC controls division offers products such as thermostats, sensors, controllers, and building automation systems.
Johnson Controls International plc: Johnson Controls is a multinational conglomerate that offers products and services in various industries, including building technologies and HVAC controls. Its HVAC controls division offers products such as thermostats, sensors, controllers, and building automation systems.
Siemens AG: Siemens is a German multinational conglomerate that offers products and services in various industries, including building technologies and HVAC controls. Its HVAC controls division offers products such as thermostats, sensors, controllers, and building automation systems.
Schneider Electric SE: Schneider Electric is a French multinational corporation that offers products and services in various industries, including building technologies and HVAC controls. Its HVAC controls division offers products such as thermostats, sensors, controllers, and building automation systems.
Emerson Electric Co.: Emerson Electric is an American multinational corporation that offers products and services in various industries, including building technologies and HVAC controls. Its HVAC controls division offers products such as thermostats, sensors, controllers, and building automation systems.
Other notable companies in the HVAC controls market include Lennox International Inc., United Technologies Corporation, Ingersoll Rand Inc., and Delta Controls Inc. These companies compete based on factors such as product innovation, quality, price, and distribution channels.
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