The North America HVAC controls market is expected to grow from US$ 2,192.26 million in 2022 to US$ 5,676.42 million by 2028; it is estimated to grow at a CAGR of 17.2% from 2022 to 2028.
The HVAC system is one of the major electricity consumers, particularly in commercial or residential buildings. At present, air conditioners and electric fans contribute to ~20% of the total electricity consumption in a building. As per International Energy Agency’s (IEA) report, the energy demand from air conditioners is expected to grow three times by 2050. According to the US Department of Energy (DOE), commercial buildings use energy worth US$ 190 billion annually. The growing energy demands from HVAC systems are resulting in rising electricity costs. Therefore, the HVAC manufacturers are seeking ways to enhance their products’ energy efficiency and offer tools to customers that can help them monitor their devices/systems. Implementation of IoT into the HVAC sector enables remote appliance control and significantly better customer-centric services. The main advantages of integrating IoT in the energy sector are the operational insight into HVAC appliances and techniques to significantly reduce energy usage. For instance, HVAC contractors can get their devices to monitor occupancy inside the building by combining smart devices with motion sensors. The system might recommend that the customer dial down the heating (or cooling) to save energy through an app message when there is no movement for an extended time inside the building. Moreover, the controls readily use the most recent networking and AI technologies, enabling them to gradually learn the preferences of the tenants and adapt to their comfort requirements. HVAC manufacturers aim to grow their market share by offering consumers intelligent HVAC solutions.
By introducing new features and technologies, vendors in the North America HVAC controls market can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the market growth at a good CAGR during the forecast period.
North America HVAC Controls Market Revenue and Forecast to 2028 (US$ Million )

North America HVAC Controls Market Segmentation
The North America HVAC controls market is segmented based on component type, installation, system, end user, and country. Based on component type, the market is segmented into sensors, controllers, smart vents, and others. The controllers segment dominated the market in 2022. Based on installation, the North America HVAC controls market is bifurcated into new installation and retrofit. The retrofit segment dominated the market in 2022. Based on system, the North America HVAC controls market is segmented into temperature control system, humidity control system, ventilation control system, and integrated control system. The humidity control system segment dominated the market in 2022. Based on end user, the North America HVAC controls market is segmented into residential, commercial, and industrial. The industrial segment dominated the market in 2022. Based on country, the North America HVAC controls market is segmented into the US, Canada, and Mexico. The US dominated the market in 2022.
Carrier Global Corporation; DAIKIN INDUSTRIES, Ltd.; Delta Controls; Distech Control; Emerson Electric Co.; Honeywell International Inc.; Johnson Controls, Inc.; Schneider Electric SE; Siemens AG; and Lennox International Inc. by Altair are among the leading companies in the North America HVAC controls market.

TABLE OF CONTENTS

1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America HVAC Controls Market – By Component Type
1.3.2 North America HVAC Controls Market – By Installation
1.3.3 North America HVAC Controls Market – By Application
1.3.4 Industrial North America HVAC Controls Market – By End User
1.3.5 North America HVAC Controls Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America HVAC Controls Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America HVAC Controls Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growth in Construction Sector
5.1.2 Implementation of Smart, Connected, and Energy Efficient IOT-enabled HVAC Systems
5.2 Market Restraints
5.2.1 Lack of Awareness Among End-Users Leads to Low HVAC Controls Adoption
5.3 Market Opportunities
5.3.1 Rising Adoption of Cloud Computing in HVAC
5.3.2 Development of Smart Cities
5.4 Future Trends
5.4.1 Advancement in Green Technology
5.5 Impact Analysis of Drivers and Restraints
6. HVAC Controls Market – North America Market Analysis
6.1 HVAC Controls Market North America Overview
6.2 North America HVAC Controls Market Forecast and Analysis
7. North America HVAC Controls Market – Component
7.1 Overview
7.2 North America HVAC Controls Market, By Component (2021 And 2028)
7.3 Sensors
7.3.1 Overview
7.3.2 Sensors: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
7.4 Controllers
7.4.1 Overview
7.4.2 Controllers: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
7.5 Smart Vents
7.5.1 Overview
7.5.2 Smart Vents: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
8. North America HVAC Controls Market – by Installation Type
8.1 Overview
8.2 North America HVAC Controls Market, By Installation Type (2021 And 2028)
8.3 New Installation
8.3.1 Overview
8.3.2 New Installation: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
8.4 Retrofit
8.4.1 Overview
8.4.2 Retrofit: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
9. North America HVAC Controls Market Revenue and Forecast to 2028 – System
9.1 Overview
9.2 North America HVAC Controls Market, By System (2021 And 2028)
9.3 Temperature Control System
9.3.1 Overview
9.3.2 Temperature Control System: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
9.4 Humidity Control System
9.4.1 Overview
9.4.2 Humidity Control System: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
9.5 Ventilation Control System
9.5.1 Overview
9.5.2 Ventilation Control System: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
9.6 Integrated Control System
9.6.1 Overview
9.6.2 Integrated Control System: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
10. North America HVAC Controls Market – By End User
10.1 Overview
10.2 North America HVAC Controls Market, By End User (2021 And 2028)
10.3 Residential
10.3.1 Overview
10.3.2 Residential: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
10.4 Commercial
10.4.1 Overview
10.4.2 Commercial: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
10.5 Industrial
10.5.1 Overview
10.5.2 Industrial: HVAC Controls Market Revenue and Forecast To 2028 (US$ Million)
11. North America HVAC Controls Market – by Country Analysis
11.1 North America: HVAC Controls
11.1.1 North America: HVAC Controls, by Key Country
11.1.1.1 US: HVAC Controls – Revenue, and Forecast to 2028 (US$ Million)
11.1.1.1.1 US: HVAC Controls, By Component
11.1.1.1.2 US: HVAC Controls Market, By Installation Type
11.1.1.1.3 US: HVAC Controls Market, By System
11.1.1.1.4 US: HVAC Controls Market, By End User
11.1.1.2 Canada: HVAC Controls – Revenue, and Forecast to 2028 (US$ Million)
11.1.1.2.1 Canada: HVAC Controls, By Component
11.1.1.2.2 Canada: HVAC Controls Market, By Installation Type
11.1.1.2.3 Canada: HVAC Controls Market, By System
11.1.1.2.4 Canada: HVAC Controls Market, By End User
11.1.1.3 Mexico: HVAC Controls – Revenue, and Forecast to 2028 (US$ Million)
11.1.1.3.1 Mexico: HVAC Controls, By Component
11.1.1.3.2 Mexico: HVAC Controls Market, By Installation Type
11.1.1.3.3 Mexico: HVAC Controls Market, By System
11.1.1.3.4 Mexico: HVAC Controls Market, By End User
12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 Carrier Global Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 DAIKIN INDUSTRIES, Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Delta Controls
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Distech Controls
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Emerson Electric Co.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Honeywell International Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Johnson Controls, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Schneider Electric SE
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Siemens AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Lennox International Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary

LIST OF TABLES

Table 1.             North America HVAC Controls Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2.             US: HVAC Controls, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 3.             US: HVAC Controls Market, By Installation Type –Revenue and Forecast to 2028 (US$ Million)
Table 4.             US: HVAC Controls Market, By System–Revenue and Forecast to 2028 (US$ Million)
Table 5.             US: HVAC Controls Market, By End User –Revenue and Forecast to 2028 (US$ Million)
Table 6.             Canada: HVAC Controls, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 7.             Canada: HVAC Controls Market, By Installation Type –Revenue and Forecast to 2028 (US$ Million)
Table 8.             Canada: HVAC Controls Market, By System–Revenue and Forecast to 2028 (US$ Million)
Table 9.             Canada: HVAC Controls Market, By End User –Revenue and Forecast to 2028 (US$ Million)
Table 10.          Mexico: HVAC Controls, By Component –Revenue and Forecast to 2028 (US$ Million)
Table 11.          Mexico: HVAC Controls Market, By Installation Type –Revenue and Forecast to 2028 (US$ Million)
Table 12.          Mexico: HVAC Controls Market, By System–Revenue and Forecast to 2028 (US$ Million)
Table 13.          Mexico: HVAC Controls Market, By End User –Revenue and Forecast to 2028 (US$ Million)
Table 14.          Glossary of Terms, HVAC Controls Market
 
 

LIST OF FIGURES

Figure 1.           North America HVAC Controls Market Segmentation
Figure 2.           North America HVAC Controls Market Segmentation – by Country
Figure 3.           North America HVAC Controls Market Overview
Figure 4.           North America HVAC Controls Market, By Component Type
Figure 5.           North America HVAC Controls Market, By Installation
Figure 6.           North America HVAC Controls Market, By Application
Figure 7.           North America HVAC Controls Market, By End User
Figure 8.           North America HVAC Controls Market, By Country
Figure 9.           North America: PEST Analysis
Figure 10.        North America HVAC Controls Market Ecosystem Analysis
Figure 11.        North America Expert Opinion
Figure 12.        North America HVAC Controls Market: Impact Analysis of Drivers and Restraints
Figure 13.        North America HVAC Controls Market, Forecast and Analysis (US$ Million)
Figure 14.        North America HVAC Controls Market, By Component (2021 and 2028)
Figure 15.        North America Sensors: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
Figure 16.        North America Controllers: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
Figure 17.        North America Smart Vents: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
Figure 18.        North America Others: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
Figure 19.        North America HVAC Controls Market, By Installation Type (2021 and 2028)
Figure 20.        North America New Installation: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
Figure 21.        North America Retrofit: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
Figure 22.        North America HVAC Controls Market, By System (2021 and 2028)
Figure 23.        North America Temperature Control System: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
Figure 24.        North America Humidity Control System: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
Figure 25.        North America Ventilation Control System: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
Figure 26.        North America Integrated Control System: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
Figure 27.        North America HVAC Controls Market, By End User (2021 and 2028)
Figure 28.        North America Residential: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
Figure 29.        North America Commercial: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
Figure 30.        North America Industrial: HVAC Controls Market Revenue and Forecast to 2028 (US$ Million)
Figure 31.        North America: HVAC Controls Market, by Key Country – Revenue (2021) (US$ Million)
Figure 32.        North America: HVAC Controls Revenue Share, by Key Country (2021 and 2028)
Figure 33.        US: HVAC Controls – Revenue, and Forecast to 2028 (US$ Million)
Figure 34.        Canada: HVAC Controls – Revenue, and Forecast to 2028 (US$ Million)
Figure 35.        Mexico: HVAC Controls – Revenue, and Forecast to 2028 (US$ Million)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America HVAC controls market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the North America HVAC controls market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America HVAC controls market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

The List of Companies – North America HVAC Controls Market

● Microsure B.V
● Stryker Corporation
● Intuitive Surgical
● Medtronic
● Galen Robotics, Inc.
● Ethicon (Johnson & Johnson Services, Inc.)
● Asensus Surgical, Inc.
● Zimmer Biomet
● Titan Medical Inc.

At 17.2% CAGR, the North America HVAC Controls Market is speculated to be worth US$ 5,676.42 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the North America HVAC controls market was valued at US$ 2,192.26 million in 2022 and is expected to reach US$ 5,676.42 million by 2028, registering an annual growth rate of 17.2% from 2022 to 2028. Growth in construction sector and implementation of smart, connected, and energy efficient IOT-enabled HVAC systems.

With significant investment in commercial construction, infrastructural and institutional projects such as railway stations, bus terminals, airports, and educational institutions. The growth of the building industry is due to the rapidly expanding urban population’s desire for a higher standard of living. Moreover, the development of commercial structures, including office buildings, movie theatres, retail malls, and recreational facilities, is accelerating the installation of HVAC systems. A few economies intend to expand their industrial sectors by fostering a welcoming business environment for foreign investors and providing assistance to domestic firms. Moreover, several multinational companies are moving their manufacturing operations to low-cost economies in ASEAN, which is expected to accelerate the number of industrial buildings. As one of the essential systems in the construction process, HVAC system deployment is rising with the expansion of construction activities. The HVAC controls should benefit as a result of this element. Thus, growth in construction sector will drive the demand for HVAC controls market. This is expected to drive the market during the forecast period.

On the contrary, lack of awareness among end-users leads to low HVAC controls adoption hurdles the growth of North America HVAC controls market.

Based on component type, the North America HVAC controls market is divided into sensors, controllers, smart vents, and others. The controller’s HVAC controls segment held 33.7% market share in 2022, amassing US$ 739.29 million. It is projected to garner US$ 3,157.88 million by 2028 to expand at 27.4% CAGR during 2022–2028. Based on installation type, the North America HVAC controls market is categorized into new installation and retrofit. The retrofit segment held 57.1% market share in 2022, amassing US$ 1,251.73 million. It is projected to garner US$ 4,006.74 million by 2028 to expand at 21.4% CAGR during 2022–2028. Based on system, the North America HVAC controls market is categorized into temperature control system, humidity control system, ventilation control system, and integrated control system. The humidity control system segment held 35.9% market share in 2022, amassing US$ 787.53 million. It is projected to garner US$ 1,437.85 million by 2028 to expand at 10.6% CAGR during 2022–2028. Based on end user, the North America HVAC controls market is categorized into residential, commercial, and industrial. The industrial segment held 49.2% market share in 2022, amassing US$ 1,078.27 million. It is projected to garner US$ 3,477.71 million by 2028 to expand at 21.6% CAGR during 2022–2028 Based on country, the North America HVAC controls market has been categorized into the US, Canada, and Mexico. Our regional analysis states that US captured 51.3% market share in 2022. It was assessed at US$ 1,124.21 million in 2022 and is likely to hit US$ 4,121.42 million by 2028, exhibiting a CAGR of 24.2% during the forecast period. Key players dominating the North America HVAC controls market are Carrier Global Corporation; DAIKIN INDUSTRIES, Ltd.; Delta Controls; Distech Control; Emerson Electric Co.; Honeywell International Inc.; Johnson Controls, Inc.; Schneider Electric SE; Siemens AG; and Lennox International Inc. among others.

In Sep 2021, Carrier Finalizes Acquisition of Guangdong Giwee Group, China-based HVAC Manufacturer. In May 2022, DAIKIN INVESTS IN WLAB TO ACCELERATE CREATION OF AN AC SOLUTIONS BUSINESS FOR SAFE AND RELIABLE AIR ENVIRONMENTS.