Smart HVAC Controls Market research report categorizes on the basis of the different product types, mode of operation, components, application, and geographical analysis.
According to a new market research report of “Smart HVAC Controls Market by product type (Temperature, Ventilation, Humidity, Integrated), Components (Sensors, Controlled devices, Smart Vents), Application (Residential, Commercial), Operation & Geography - Analysis & Forecast to 2014 - 2020”, the market is expected to grow at a CAGR of 8.22% from 2014 to 2020, and reach $26.60 Billion in 2020.
Geographical split for the smart HVAC controls market is included in the report. It presents the market share of the different geographies of the smart HVAC controls.
This report divides the overall market based on the four major geographical segments- The Americas, Europe, APAC, and Rest of the world (ROW). APAC is considered the market leader in the overall Smart HVAC controls market, which is followed by the Americas and Europe.
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The growth of the Smart HVAC Controls market in the coming years is expected to be very important, with the revenue growth estimated to reach $26.60 billion by 2020, at an estimated CAGR of 8.22% from 2014 to 2020. The major players in the market include:Honeywell International (U.S.), Schneider Electric (France), Johnson controls (U.S.), Siemens (Germany), and Emerson (U.S.).
The report covers the market by product type, mode of operation, components, application and geography of the Smart HVAC Controls; it provides a detailed analysis of the current market scenario and its estimation till the year 2020. The market is expected to grow well in the developing regions such as the APAC, which is mainly attributed to the fact that there is rise in new building construction.
Asia Pacific currently, leads the market share for the Smart HVAC Controls, as this region accountsfor the majority of new construction and development in terms of adoption of technology. APAC has the highest growth rate amongst all the geographic regions at an estimated growth rate of 8.78% from 2014 to 2020.
The report coversthe market data and information, with regards to the market drivers, trends and opportunities, key players, and competitive outlook. This report also makes ways for market tables to cover the sub-segments and micro-markets.
In addition, it profiles ten companies, which include overview, products & services, financials, strategy, and developments.
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Smart HVAC controls are intelligent devices, which are considered the decision makers of the HVAC system. These devices give command to the heat pump for temperature control and control the flow of air.
It also defines the temperature to be set according to the weather condition outside the building environment and communicate with the user accordingly the cost effectiveness of the system in terms of energy usage. When a conventional HVAC controls is equipped with decision making capability, it is termed as a Smart HVAC Controls.
Benefits of using Smart HVAC Controls over the pneumatic controllers are convenience, cost effectiveness and energy saving.
While the Smart HVAC controls are developing rapidly, companies like Nest Labs (U.S.) are bringing them a step-ahead of the other competitors by connecting them to a centralized server. Bringing an innovation to the cart is a never-ending process in the technological space.
Smart HVAC controls devices, which can be connected by the web space, are considered as the most intelligent controls with sensors and thermostats communicating to each other and logging information in the information cloud.
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