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.
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.
Key Vendors
- Honeywell International Inc.
- Johnson Controls Inc.
- Schneider Electric SA
- Siemens AG
