October 29, 2020

Top 10 Companies In Smart HVAC(Heating, Ventilation or Air conditioning) Controls

Smart HVAC systems enable demand control, through enhancing the response of systems to the heating, cooling and ventilation requirements. Smart systems can also embed, in addition to learning algorithms, sensors in order to better fit with user's behavior or building's usage. Another strength of smart systems is their capability to communicate information about their energy consumption, operation, and energy efficiency. This information can be utilized by consumers, building managers, owners, maintenance staff and energy grid managers.

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The List of Companies

1. Carrier
2. Daikin Industries Ltd
3. Haier Inc.
4. Hitachi Ltd.
5. Honeywell International Inc.
6. Johnson Controls
7. Lennox International Inc.
8. LG Electronics
9. Siemens AG
10. Trane Technologies plc

The major drivers boosting the growth of smart HVAC controls market are the requirement for efficient usage of energy in buildings, growing construction market to boom the acceptance of HVAC controls, and rising adoption of IoT in the HVAC industry. However, lack of awareness about the benefits of smart HVAC controls is expected to hinder the growth of the smart HVAC controls market.

The global smart HVAC controls market is segmented on the basis of product type, implementation type, application. Based on product type, the smart HVAC controls market is segmented as smart thermostat and smart air vent. On the basis of implementation type, the market is segmented as new construction and retrofit. Based on application, the smart HVAC controls market is segmented as residential, commercial, industrial.

Source: The Insight Partners