Smart HVAC Controls Market worth $26.60 Billion by 2020, According to a New Study on ASDReports

Tuesday 10 June 2014, Amsterdam

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”, now available on ASDReports, the market is expected to grow at a CAGR of 8.22% from 2014 to 2020, and reach $26.60 Billion in 2020.

The Smart HVAC Controls market is a growing market, which includes sensors, controlling devices and Smart Vents. In future, Smart HVAC controls are expected to control the HVAC industry because of its high quality contribution to the nation and increased comfort in the HVAC ecosystem.

The overall Smart HVAC Controls market is segmented into five major segments- product type, mode of operation, components, application, and geography. All the major segments are further segmented into sub segments. All the segments and sub segments are separately classified in the report. The Smart HVAC Controls market is expected to reach up to $26.60 billion by 2020, at an estimated CAGR of 8.22% from 2014 to 2020.

The two major driving factors for the smart HVAC controls market are need for energy efficient solutions and consumer demand for remote access control. Both are expected to boost the market in coming years. The growing concept of Internet of things (IOT) is considered as well planned and is important for the Smart HVAC Controls market. In the report, different modes of operation are also discussed which includes wireless controls, remote controlled controls, programmed controls and integrated controls. Various innovations are taking place to develop the Smart HVAC Controls market which includes the introduction and development ofweather compensating controls along with the related components.

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.