Global Advanced HVAC Control System Market to Grow at a 10.44% by 2018

According to the "Global Advanced HVAC Control Market 2014-2018" report HVAC control systems are used to efficiently handle HVAC equipment. They allow building owners to resourcefully manage their building energy consumption. Moreover, these systems are designed to eliminate the difficulty of managing HVAC systems and to enhance their performance. There are various types of HVAC control systems including sensors, field devices, floor-level controllers, and building-level controllers. These HVAC control systems are majorly used in the Commercial and Residential sectors across the globe.

Analysts forecast the Global Advanced HVAC Control System market will grow at a CAGR of 10.44 percent over the period 2014-2018.

The Report recognizes the following companies as the key players in Global Advanced HVAC Control Market: Honeywell International Inc., Johnson Controls Inc., Schneider Electric SA, Siemens AG , Azbil Corp., Delta Controls Inc., Distech Controls Inc., Innotech Systems Inc., KMC Controls, Inc., NanoSense, ReliableControls, Sauter AG, Trane Inc., Triatek Inc.

The HVAC control system vendors are looking for opportunities to increase their market presence, as a result of increased competition, by differentiating their products from those of their competitors. This, in turn, has prompted vendors to spend more money on R&D activities to provide superior-quality and highly customized products that can effectively meet the specific requirements of customers. The increase in R&D activities by vendors also enables them to develop cost-effective products that will enhance their competitiveness in the market.

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Covered in this Report

This report covers the present scenario and the growth prospects of the Global Advanced HVAC Control System market for the period 2014-2018. The Global Advanced HVAC Control System market can be divided into four major segments: Sensors, Field Devices, Floor-level Controllers, and Building-level Controllers.

Global Advanced HVAC Control System Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC and EMEA regions and the Americas; it also covers the Global Advanced HVAC Control System market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, the increase in new construction activities is one of the major drivers. The rise in the global sales of homes and new buildings and the increase in the construction of skyscrapers have led to increased demand for advanced HVAC control systems and paved the way for market growth in recent years.

Further, the report states that the lack of product differentiation is one of the major challenges. There are several vendors in the market that offer similar products to end-users, which, in turn, creates intense competition among vendors.

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Key Regions

  • APAC
  • EMEA
  • Americas

Key Vendors

  • Honeywell International Inc.
  • Johnson Controls Inc.
  • Schneider Electric SA
  • Siemens AG

Other Prominent Vendors

  • Azbil Corp.
  • Delta Controls Inc.
  • Distech Controls Inc.
  • Innotech Systems Inc.
  • KMC Controls, Inc.
  • NanoSense
  • Reliable Controls
  • Sauter AG
  • Trane Inc.
  • Triatek Inc.

Key Market Driver

  • Increasing Awareness about Energy Conservation.

Key Market Challenge

  • Lack of Product Differentiation.

Key Market Trend

  • Increasing Focus on R&D Activities.

Key Questions Answered in this Report

  • What will the market size be in 2018 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?