Report : Europe HVAC Controls Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component Type (Sensors, Controllers, Smart Vents, and Others), Installation Type (New Installation and Retrofit), System (Temperature Control System, Humidity Control System, Ventilation Control System, and Integrated Control System), and End User (Residential, Commercial, and Industrial)

At 18.4% CAGR, the Europe HVAC Controls Market is speculated to be worth US$ 7,401.51 million by 2028, says Business Market Insights           

According to Business Market Insights’ research, the Europe HVAC controls market was valued at US$ 2,679.95 million in 2022 and is expected to reach US$ 7,401.51 million by 2028, registering an annual growth rate of 18.4% from 2022 to 2028. Increase in construction sector and improvement of smart, connected, and energy efficient IOT-enabled HVAC systems.               

The requirement for optimal energy efficiency to combat global warming has become significant to industry. Modern HVAC systems efficiently solve these issues; however, public understanding of the advantages of HVAC systems and controls is still lacking. Although HVAC systems are widely used in residential buildings in industrialized countries, adoption of such systems is still limited despite the significant environmental benefits due to the high installation costs. Some of the contractors offer specialized businesses services which include installing an HVAC system in a building. However, the bulk of subcontracting firms are underfunded and lack technical knowledge, which results in the installation of inefficient HVAC systems and controls. The lack of knowledge about HVAC standards among contractors is also a significant issue. The adoption of HVAC controls is hampered due to the ignorance of the latest Seasonal Energy Efficiency Ratio (SEER) regulations by residential HVAC construction companies. However, governments are encouraging the use of HVAC systems by offering tax incentives and establishing rules and guidelines.  Thus, lack of awareness among end-users leads to low HVAC controls adoption which will hamper the growth of HVAC controls market. This is expected to drive the market during the forecast period.

On the contrary, loss of awareness among end-users leads to low HVAC controls adoption hurdles the growth of Europe HVAC controls market. 

  • Based on component type, the Europe HVAC controls market is divided into sensors, controllers, smart vents, and others. The controller’s HVAC controls segment held 33.7% market share in 2022, amassing US$ 902.95 million. It is projected to garner US$ 3,743.98 million by 2028 to expand at 26.7% CAGR during 2022–2028.    
  • Based on installation type, the Europe HVAC controls market is categorized into new installation and retrofit. The retrofit segment held 62.6% market share in 2022, amassing US$ 1,676.52 million. It is projected to garner US$ 5,781.08 million by 2028 to expand at 22.9% CAGR during 2022–2028.
  • Based on system, the Europe HVAC controls market is categorized into temperature control system, humidity control system, ventilation control system, and integrated control system. The ventilation control system segment held 38.7% market share in 2022, amassing US$ 1,036.73 million. It is projected to garner US$ 4,025.95 million by 2028 to expand at 25.4% CAGR during 2022–2028.
  • Based on end user, the Europe HVAC controls market is categorized into residential, commercial, and industrial. The commercial segment held 43.2% market share in 2022, amassing US$ 1,158.95 million. It is projected to garner US$ 2,312.15 million by 2028 to expand at 12.2% CAGR during 2022–2028
  • Based on country, the Europe HVAC controls market has been categorized into the Germany, France, Italy, UK, Russia, and Rest of Europe.  Our regional analysis states that Germany captured 38.3% market share in 2022. It was assessed at US$ 1,026.97 million in 2022 and is likely to hit US$ 4,043.49 million by 2028, exhibiting a CAGR of 25.7% during the forecast period.            

Key players dominating the Europe HVAC controls market are Carrier Global Corporation; DAIKIN INDUSTRIES, Ltd.; Delta Controls; Distech Control; Emerson Electric Co.; Honeywell International Inc.; Johnson Controls, Inc.; Schneider Electric SE; Siemens AG; and Lennox International Inc. among others.

  • In May 2021, Delta Controls Announces Award-Winning O3 added to Forest Rock’s Line of Product Offerings.
  • In Jan 2022, Distech Controls Announces the Launch of Smart Air Control Valve Solution.

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