Global Advanced HVAC Control Market 2016-2020
The following companies are the key players in the Global Advanced HVAC Control Market: Honeywell International, Johnson Controls, Mitsubishi Electric, Schneider Electric and Siemens.
Other Prominent Vendors in the market are: Azbil, Delta Controls, Distech Controls, Innotech Systems, KMC Controls, NanoSense, Reliable Controls, Sauter, Trane, and Triatek.
Commenting on the report, an analyst said: "Energy savings by improving the efficiency of lighting and HVAC technologies, as well as integrating controls reduce energy consumption and costs, improve environmental conditions, and create a better indoor environment for building occupants."
According to the report, in the US, high demand for controlling heating and air conditioning equipment (thermostats) will drive the need for HVAC controls. In developing countries such as China, the growing need for air quality monitoring systems, to prevent the increasing incidences of respiratory diseases, is likely to boost the market growth.
Further, the report states that the global advanced HVAC controls market is capital intensive. Following the global economic downturn, vendors were unable to invest heavily in R&D and marketing campaigns. Many end-users are struggling to purchase advanced HVAC equipment as it incurs high initial investment and regular maintenance during its life cycle.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.