HVAC制御市場 – 2030年までの世界予測

HVAC Controls Market - Global Forecast To 2030

HVAC制御市場 - コンポーネント (センサー、コントロールバルブ、加熱および冷却コイル、ダンパー、アクチュエーター、スマートベント、コントローラー、サーモスタット、ポンプ)、コントロールタイプ (手動、スマート)、システム (温度、換気、湿度、統合) - 2030年までの世界予測
HVAC Controls Market by Component (Sensor, Control Valve, Heating & Cooling Coil, Damper, Actuator, Smart Vent, Controller, Thermostat, Pump), Control Type (Manual, Smart), System (Temperature, Ventilation, Humidity, Integrated) - Global Forecast to 2030

商品番号 : SMB-18871

出版社MarketsandMarkets
出版年月2025年2月
ページ数291
図表数331
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The HVAC controls market is projected to grow from USD 25.81 billion in 2025 and is expected to reach USD 39.07 billion by 2030, growing at a CAGR of 8.6% from 2025 to 2030.

HVAC 制御市場は、2025 年の 258 億 1,000 万米ドルから 2030 年までに 390 億 7,000 万米ドルに達すると予測されており、2025 年から 2030 年にかけて 8.6% の CAGR で成長します。

The Internet of Things (IoT) is a network of interconnected devices that collect, share, and process data. Lot, when integrated with HVAC systems, enables remote management, data collection, and cloud-based processing. For example, smart devices equipped with motion sensors can monitor room occupancy and adjust HVAC operations accordingly. If no one is detected, the system could alert users on an app that they should stop heating or cooling systems, resulting in energy-saving. Advanced controls that are enabled by IoT technologies use networking and Al technologies for learning occupant preferences and adaptively adjusting their settings to better comfort over time.

モノのインターネット (IoT) は、データの収集、共有、処理を行う相互接続されたデバイスのネットワークです。IoT を HVACシステムと統合すると、リモート管理、データ収集、クラウドベースの処理が可能になります。たとえば、モーションセンサーを備えたスマートデバイスは、部屋の占有状況を監視し、それに応じて HVACの動作を調整できます。誰も検出されない場合は、システムはアプリでユーザーに暖房または冷房システムを停止するように警告し、エネルギーを節約できます。IoTテクノロジによって実現される高度な制御では、ネットワークとAIテクノロジを使用して居住者の好みを学習し、時間の経過とともに快適性が向上するように設定を適応的に調整します。

HVAC制御市場 - 2030年までの世界予測
smart-hvac-controls-market-Overview

HVAC manufacturers are increasingly coming up with loT-based smart systems to gain market share and meet the ever-growing demand from consumers. In January 2022, Delta, a global leader in power and thermal management solutions, introduced an online platform that features loT-based energy-efficient solutions for smart cities, including the loT-based 03 Edge system, which comprises a patented multi-sensor and room controller to ensure seamless control of HVAC, lighting, and access systems for enhanced building efficiency and safety.

“The integrated control system segment in the HVAC controls market is to witness the highest growth rate during the forecast period.”

The integrated control system segment is witnessing the highest growth rate due to the increasing demand for centralized, seamless management of building systems, including HVAC, lighting, and security, to enhance energy efficiency and operational performance. The adoption of IoT, cloud computing, and AI technologies enables real-time monitoring, data analytics, and automated decision-making, driving the shift toward integrated solutions. Additionally, the rise of smart buildings and the need for compliance with energy efficiency regulations are further accelerating this growth.

“Market for new construction in the HVAC controls market to hold the largest market share during the forecast period.”

New construction in the HVAC controls market to hold the largest market share during the forecast period. The HVAC control systems for new apartments, buildings, commercial complexes, and industries are put in with new construction. One of the main things which will drive the growth of the HVAC control market is the rise in new building projects. All the changes in the commercial and industrial construction industry are expected to make HVAC control systems more popular and take the market inclined on the growth chart.

HVAC制御市場 - 2030年までの世界予測 region
smart-hvac-controls-market-Region

“China is expected to hold the largest market size in the Asia Pacific region during the forecast period.”

China is poised to hold the largest market share in the Asia-Pacific region for HVAC controls, driven by rapid urbanization, increasing construction activities, and the growing demand for energy-efficient building solutions. The country’s focus on smart city initiatives, stringent energy regulations, and the adoption of advanced technologies like IoT and AI in HVAC systems are key factors contributing to its dominance. Additionally, rising disposable incomes and the need for improved indoor air quality further bolster the market growth in China.

  • By Company Type: Tier 1 – 40%, Tier 2 – 25%, and Tier 3 – 35%
  • By Designation: Directors – 25%, Managers –30%, and Others – 45%
  • By Region: North America –45%, Europe – 30%, Asia Pacific– 20%, and RoW – 5%

Prominent players profiled in this report include Honeywell International Inc. (US), Johnson Controls (Ireland), Siemens (Germany), Carrier (US), Daikin Industries, Ltd. (Japan), Emerson Electric Co. (US), Schneider Electric (France), Trane Technologies (Ireland), Danfoss (Denmark), Lennox International Inc. (US), LG Electronics (South Korea), Mitsubishi Electric Corporation (Japan), Fr. Sauter AG (Switzerland), Bosch GmbH (Germany), Eaton (Ireland), BELIMO AIRCONTROLS (USA), Inc. (Switzerland) among a few other key companies in the HVAC controls market.

HVAC制御市場 - 2030年までの世界予測 ecosystem
smart-hvac-controls-market-Ecosystem

Report Coverage

The report defines, describes, and forecasts the HVAC controls market based on Type, Mode, Solutions, Component, Control Type, System, Implementation Type, End-use Industry, and Region. It provides detailed information regarding drivers, restraints, opportunities, and challenges influencing the market’s growth. It also analyzes competitive developments such as acquisitions, product launches, expansions, and actions carried out by the key players to grow in the market.

Reasons to Buy This Report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue for the overall HVAC controls market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insight to position their business better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market’s pulse and provides information on key drivers, restraints, opportunities, and challenges.

The report will provide insights into the following pointers:

  • Analysis of key drivers (Surging demand for smart building automation for homes and offices), restraints (High costs and associated complexities involved in implementing HVAC systems), opportunities (Growing demand for cloud computing in HVAC), and challenges (Complexity in retrofitting HVAC controls in existing systems) of the HVAC controls market.
  • Product development /Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the HVAC controls market.
  • Market Development: Comprehensive information about lucrative markets; the report analyses the HVAC controls market across various regions.
  • Market Diversification: Exhaustive information about new products launched, untapped geographies, recent developments, and investments in the HVAC controls market.
  • Competitive Assessment: In-depth assessment of market share, growth strategies, and offering of leading players like Honeywell International Inc. (US), Johnson Controls (Ireland), Siemens (Germany), Emerson Electric Co. (US), Schneider Electric (France) among others in the HVAC controls market.

Table of Contents

1               INTRODUCTION              28

1.1           STUDY OBJECTIVES       28

1.2           MARKET DEFINITION   28

1.3           STUDY SCOPE   29

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      29

1.3.2        INCLUSIONS AND EXCLUSIONS 30

1.3.3        YEARS CONSIDERED      31

1.4           CURRENCY CONSIDERED            31

1.5           UNIT CONSIDERED        32

1.6           STAKEHOLDERS               32

1.7           SUMMARY OF CHANGES               32

2               RESEARCH METHODOLOGY       33

2.1           RESEARCH DATA              33

2.1.1        SECONDARY DATA          34

2.1.1.1    List of key secondary sources              34

2.1.1.2    Key data from secondary sources       34

2.1.2        PRIMARY DATA 35

2.1.2.1    List of primary interview participants               35

2.1.2.2    Breakdown of primaries      35

2.1.2.3    Key data from primary sources           36

2.1.2.4    Key industry insights           37

2.1.3        SECONDARY AND PRIMARY RESEARCH 37

2.2           MARKET SIZE ESTIMATION METHODOLOGY     38

2.2.1        BOTTOM-UP APPROACH              38

2.2.1.1    Approach to arrive at market size using bottom-up analysis

(demand side)       38

2.2.2        TOP-DOWN APPROACH                40

2.2.2.1    Approach to arrive at market size using top-down analysis

(supply side)         40

2.3           DATA TRIANGULATION                41

2.4           RESEARCH ASSUMPTIONS           42

2.5           RESEARCH LIMITATIONS             43

2.6           RISK ANALYSIS  43

3               EXECUTIVE SUMMARY  44

4               PREMIUM INSIGHTS       49

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HVAC CONTROLS MARKET      49

4.2           HVAC CONTROLS MARKET, BY COMPONENT    49

4.3           HVAC CONTROLS MARKET, BY CONTROL TYPE                 50

4.4           HVAC CONTROLS MARKET, BY IMPLEMENTATION TYPE     50

4.5           ASIA PACIFIC HVAC CONTROLS MARKET, BY COMPONENT AND COUNTRY    51

4.6           HVAC CONTROLS MARKET, BY COUNTRY            52

5               MARKET OVERVIEW       53

5.1           INTRODUCTION              53

5.2           MARKET DYNAMICS       53

5.2.1        DRIVERS               54

5.2.1.1    Increasing number of smart homes   54

5.2.1.2    Elevating adoption of energy-efficient systems                54

5.2.1.3    Pressing need to improve urban air quality      54

5.2.1.4    Surging demand for smart thermostats by commercial and residential end users            55

5.2.2        RESTRAINTS      56

5.2.2.1    High deployment costs        56

5.2.2.2    Shortage of skilled professionals        56

5.2.3        OPPORTUNITIES              57

5.2.3.1    Incorporation of cloud computing into HVAC systems 57

5.2.3.2    Integration of smart devices with HVAC systems           57

5.2.3.3    Rising demand for eco-friendly HVAC solutions            57

5.2.3.4    Integration of IoT with HVAC systems            58

5.2.4        CHALLENGES    59

5.2.4.1    Complexities associated with upgrading HVAC systems                 59

5.2.4.2    Limited awareness of HVAC standards among contractors                 59

5.3           VALUE CHAIN ANALYSIS               60

5.4           ECOSYSTEM ANALYSIS  62

5.5           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            63

5.6           TECHNOLOGY ANALYSIS             64

5.6.1        KEY TECHNOLOGIES     64

5.6.1.1    Smart thermostats                 64

5.6.1.2    Building management systems           64

5.6.2        COMPLEMENTARY TECHNOLOGIES       64

5.6.2.1    IoT sensors            64

5.6.2.2    Cloud computing  64

5.6.3        ADJACENT TECHNOLOGIES       65

5.6.3.1    Renewable energy 65

5.6.3.2    Zoned HVAC systems         65

5.7           INVESTMENT AND FUNDING SCENARIO               65

5.8           PORTER’S FIVE FORCES ANALYSIS           66

5.8.1        INTENSITY OF COMPETITIVE RIVALRY 67

5.8.2        BARGAINING POWER OF SUPPLIERS       67

5.8.3        BARGAINING POWER OF BUYERS             67

5.8.4        THREAT OF SUBSTITUTES          67

5.8.5        THREAT OF NEW ENTRANTS      67

5.9           KEY STAKEHOLDERS AND BUYING CRITERIA     68

5.9.1        KEY STAKEHOLDERS IN BUYING PROCESS           68

5.9.2        BUYING CRITERIA           69

5.10         CASE STUDY ANALYSIS 70

5.11         TRADE ANALYSIS             72

5.11.1      IMPORT SCENARIO (HS CODE 8415)        72

5.11.2      EXPORT SCENARIO (HS CODE 8415)        74

5.12         PATENT ANALYSIS          75

5.13         KEY CONFERENCES AND EVENTS, 2025–2026        77

5.14         TARIFF AND REGULATORY LANDSCAPE               78

5.14.1      TARIFF ANALYSIS             78

5.14.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             79

5.14.3      HVAC STANDARDS          82

5.14.4      REGULATIONS/CERTIFICATIONS             82

5.15         PRICING ANALYSIS          83

5.15.1      INDICATIVE PRICING OF HVAC COMPONENTS, BY KEY PLAYER, 2024      83

5.15.2      AVERAGE SELLING PRICE TREND OF HVAC COMPONENTS, BY REGION, 2020–2024    84

5.16         IMPACT OF GEN AI/AI ON HVAC CONTROLS MARKET                 84

6               TYPES OF HVAC CONTROLS       86

6.1           INTRODUCTION              86

6.2           DIRECT-ACTING SYSTEMS           86

6.3           ELECTRIC/ELECTRONIC SYSTEMS           86

6.4           PNEUMATIC CONTROL SYSTEMS             86

6.5           DIRECT DIGITAL CONTROL SYSTEMS   87

7               MODES OF HVAC CONTROLS     88

7.1           INTRODUCTION              88

7.2           OPEN-LOOP       88

7.3           CLOSED-LOOP 88

8               SOLUTIONS OF HVAC CONTROLS            89

8.1           INTRODUCTION              89

8.2           PREDICTIVE MAINTENANCE SOLUTIONS             89

8.3           BUILDING AUTOMATION SYSTEMS        89

8.4           SECURITY & MONITORING DEVICES      90

8.5           CLOUD-BASED SOLUTIONS        90

9               HVAC CONTROLS MARKET, BY COMPONENT    91

9.1           INTRODUCTION              92

9.2           SENSORS              93

9.2.1        BY TYPE               98

9.2.1.1    Temperature sensors           99

9.2.1.1.1 Increasing adoption of Industry 4.0 and factory automation technologies to foster segmental growth           99

9.2.1.2    Humidity sensors 100

9.2.1.2.1 Rising focus of process industry players on creating optimal environments to fuel segmental growth            100

9.2.1.3    Occupancy sensors               101

9.2.1.3.1 Surging adoption of energy-saving and sustainable technologies to support segmental growth               101

9.2.1.4    Pressure sensors   102

9.2.1.4.1 Need for balanced airflow and improved ventilation control to boost demand        102

9.2.1.5    Flow sensors          103

9.2.1.5.1 Advancements in microcontrollers and remote communication technology to drive adoption               103

9.2.1.6    Other sensor types                104

9.2.2        BY CONNECTION TYPE 105

9.2.2.1    Wired sensors        106

9.2.2.1.1 Ability to reduce latency, bandwidth congestion, and radio interference issues to support segmental growth             106

9.2.2.2    Wireless sensors   106

9.2.2.2.1 Lower installation cost and enhanced connectivity to accelerate segmental growth 106

9.3           CONTROLLERS AND CONTROLLED EQUIPMENT                 107

9.3.1        CONTROLLED EQUIPMENT        112

9.3.1.1    Control valves       112

9.3.1.1.1 Globe valves          114

9.3.1.1.1.1              Increasing demand for energy-efficient HVAC systems with precise flow control to drive market          114

9.3.1.1.2 Ball valves              115

9.3.1.1.2.1              Growing use of automated building control systems to boost adoption      115

9.3.1.1.3 Butterfly valves     115

9.3.1.1.3.1              Cost-effectiveness and compact design to boost demand                 115

9.3.1.1.4 PIC valves              115

9.3.1.1.4.1              Ability to offer high indoor comfort and energy efficiency to increase deployment      115

9.3.1.1.5 Intelligent valves  116

9.3.1.1.5.1              Integration of advanced algorithms and IoT-enabled systems in HVAC infrastructure to fuel demand             116

9.3.1.1.6 Rotary control valves            116

9.3.1.1.6.1              Need for precise flow modulation in air handling systems to heighten demand               116

9.3.1.1.7 Thermostatic radiator valves               117

9.3.1.1.7.1              Increasing deployment of hydronic heating systems in residential and commercial buildings to support segmental growth                 117

9.3.1.1.8 Other control valve types    117

9.3.1.2    Heating & cooling coils       117

9.3.1.2.1 Elevating use in commercial applications to contribute to market growth    117

9.3.1.3    Dampers                 118

9.3.1.3.1 Excellence in maintaining stable air pressure within buildings to elevate demand     118

9.3.1.4    Actuators                119

9.3.1.4.1 Use of advanced actuators in IoT-integrated HVAC controls for hydronic balancing to drive market   119

9.3.1.4.2 Linear actuators    120

9.3.1.4.3 Rotary actuators   120

9.3.1.5    Pumps & fans        120

9.3.1.5.1 Ability to support functions of chillers, boilers, cooling towers, and domestic water systems to facilitate adoption           120

9.3.2        SMART VENTS   121

9.3.2.1    Rising popularity of smart homes to spike demand         121

9.3.3        CONTROLLERS 122

9.3.3.1    Variable air volume controllers           124

9.3.3.1.1 Need for improved indoor air quality and comfort in commercial and residential buildings to drive demand        124

9.3.3.2    Fan coil unit controllers       124

9.3.3.2.1 Surging use of cost-effective and space-efficient HVAC solutions to increase adoption             124

9.3.3.3    Programmable logic controllers         124

9.3.3.3.1 Greater reliability, scalability, and energy optimization features to spur demand     124

9.3.3.3.2 Temperature control            125

9.3.3.3.3 Pressure control    125

9.3.3.3.4 Flow control           125

9.3.3.3.5 Zone control          125

9.3.3.4    Direct digital controllers     126

9.3.3.4.1 Growing trend toward smart buildings to fuel market growth                 126

9.3.4        THERMOSTATS 126

9.3.4.1    Rising demand by homeowners on remote management and customized home temperature to contribute to segmental growth                 126

9.3.4.2    Standalone thermostats       127

9.3.4.3    Communicating room thermostats    127

9.3.4.4    Capillary & clamp-on thermostats     128

10            HVAC CONTROLS MARKET, BY CONTROL TYPE                 129

10.1         INTRODUCTION              130

10.2         MANUAL              131

10.2.1      EASY MAINTENANCE AND TROUBLESHOOTING TO INCREASE ADOPTION BY FACILITIES WITH LIMITED BUDGETS                 131

10.3         SMART AND AUTOMATED          131

10.3.1      SIGNIFICANT ADOPTION OF SMART HOME DEVICES TO FOSTER MARKET GROWTH         131

11            HVAC CONTROLS MARKET, BY SYSTEM                 133

11.1         INTRODUCTION              134

11.2         TEMPERATURE CONTROL SYSTEMS       135

11.2.1      INCREASING DEMAND FOR ENERGY-EFFICIENT HVAC SOLUTIONS TO AUGMENT MARKET GROWTH  135

11.3         VENTILATION CONTROL SYSTEMS         136

11.3.1      STRICT GOVERNMENT REGULATIONS MANDATING INDOOR AIR QUALITY MONITORING TO DRIVE MARKET                 136

11.4         HUMIDITY CONTROL SYSTEMS 136

11.4.1      INCREASING ADOPTION IN INDUSTRIES TO MAINTAIN PRODUCT QUALITY TO SUPPORT MARKET GROWTH    136

11.5         INTEGRATED CONTROL SYSTEMS           137

11.5.1      ELEVATING DEMAND FOR SEAMLESS BUILDING MANAGEMENT TO PROPEL MARKET     137

12            HVAC CONTROLS MARKET, BY IMPLEMENTATION TYPE     138

12.1         INTRODUCTION              139

12.2         NEW CONSTRUCTION   140

12.2.1      GOVERNMENT INVESTMENTS IN INFRASTRUCTURE DEVELOPMENT TO DRIVE MARKET        140

12.3         RETROFIT           141

12.3.1      GRATER EMPHASIS ON GREEN BUILDING INITIATIVES TO CONTRIBUTE TO MARKET GROWTH               141

13            HVAC CONTROLS MARKET, BY END USER            143

13.1         INTRODUCTION              144

13.2         RESIDENTIAL    145

13.2.1      RAPID URBANIZATION TO ACCELERATE DEMAND FOR ENERGY-EFFICIENT HVAC CONTROLS  145

13.2.2      SINGLE-FAMILY HOMES                147

13.2.3      APARTMENTS   148

13.3         COMMERCIAL   148

13.3.1      SIGNIFICANT FOCUS OF COMMERCIAL BUILDINGS ON ENERGY EFFICIENCY AND COST SAVINGS TO FACILITATE ADOPTION         148

13.3.2      OFFICES               151

13.3.3      EDUCATION      151

13.3.4      HEALTHCARE    152

13.3.5      GOVERNMENT 152

13.3.6      RETAIL 152

13.3.7      HOSPITALITY    153

13.3.8      AIRPORTS            153

13.3.9      DATA CENTERS                 153

13.4         INDUSTRIAL      154

13.4.1      STRONG NEED TO OPTIMIZE ENERGY CONSUMPTION TO EXPEDITE DEPLOYMENT     154

13.4.2      MANUFACTURING FACILITIES  157

13.4.3      WAREHOUSES   157

14            HVAC CONTROLS MARKET, BY REGION                158

14.1         INTRODUCTION              159

14.2         NORTH AMERICA             160

14.2.1      MACROECONOMIC OUTLOOK FOR NORTH AMERICA                 161

14.2.2      US           163

14.2.2.1  Increasing demand for energy-efficient and smart HVAC systems to drive market      163

14.2.3      CANADA               164

14.2.3.1  Government grants and incentives for energy-saving initiatives to promote adoption             164

14.2.4      MEXICO                165

14.2.4.1  Net-zero emission goals and green energy projects to support market growth       165

14.3         EUROPE               166

14.3.1      MACROECONOMIC OUTLOOK FOR EUROPE      166

14.3.2      UK          169

14.3.2.1  Substantial focus on mitigating energy waste and achieving sustainability targets to spur demand                169

14.3.3      GERMANY           170

14.3.3.1  Stringent energy efficiency regulations and sustainability efforts to accelerate demand           170

14.3.4      FRANCE                171

14.3.4.1  Increasing adoption of smart, IoT-enabled systems to meet sustainability and indoor air quality goals to drive market             171

14.3.5      ITALY    172

14.3.5.1  Enforcement of government programs to reduce carbon footprint to boost adoption  172

14.3.6      REST OF EUROPE             173

14.4         ASIA PACIFIC     174

14.4.1      MACROECONOMIC OUTLOOK FOR ASIA PACIFIC                 174

14.4.2      CHINA  177

14.4.2.1  Government-led energy efficiency initiatives to escalate demand                 177

14.4.3      JAPAN   178

14.4.3.1  Stringent regulations for energy conservation to foster market growth    178

14.4.4      SOUTH KOREA  179

14.4.4.1  Sustainable building practices to create growth opportunities                 179

14.4.5      INDIA    179

14.4.5.1  Increasing smart city projects to support market growth                 179

14.4.6      REST OF ASIA PACIFIC   180

14.5         ROW      181

14.5.1      MACROECONOMIC OUTLOOK FOR ROW              181

14.5.2      MIDDLE EAST   183

14.5.2.1  Regulatory framework promoting green initiatives to create potential for market growth                 183

14.5.2.2  GCC       184

14.5.2.3  Rest of Middle East              184

14.5.3      AFRICA 185

14.5.3.1  Strategic R&D expansion of leading players to create growth potential 185

14.5.4      SOUTH AMERICA             186

14.5.4.1  Increasing investments in infrastructure development to fuel market growth       186

15            COMPETITIVE LANDSCAPE         187

15.1         OVERVIEW          187

15.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, JANUARY 2022–DECEMBER 2024     187

15.3         REVENUE ANALYSIS, 2020–2024  190

15.4         MARKET SHARE ANALYSIS, 2024                 190

15.5         COMPANY VALUATION AND FINANCIAL METRICS, 2024                 193

15.6         BRAND COMPARISON   194

15.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 195

15.7.1      STARS   195

15.7.2      EMERGING LEADERS     195

15.7.3      PERVASIVE PLAYERS      195

15.7.4      PARTICIPANTS 195

15.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         197

15.7.5.1  Company footprint               197

15.7.5.2  Region footprint   198

15.7.5.3  Component footprint           199

15.7.5.4  Implementation type footprint           200

15.7.5.5  End user footprint                 201

15.7.5.6  Control type footprint          202

15.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        203

15.8.1      PROGRESSIVE COMPANIES         203

15.8.2      RESPONSIVE COMPANIES            203

15.8.3      DYNAMIC COMPANIES  203

15.8.4      STARTING BLOCKS         203

15.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 205

15.8.5.1  Detailed list of key startups/SMEs    205

15.8.5.2  Competitive benchmarking of key startups/SMEs          205

15.9         COMPETITIVE SCENARIO             206

15.9.1      PRODUCT LAUNCHES   206

15.9.2      DEALS  210

15.9.3      OTHER DEVELOPMENTS              213

16            COMPANY PROFILES      214

16.1         KEY PLAYERS     214

16.1.1      HONEYWELL INTERNATIONAL INC.        214

16.1.1.1  Business overview 214

16.1.1.2  Products/Solutions/Services offered 216

16.1.1.3  Recent developments           217

16.1.1.3.1                Product launches/developments        217

16.1.1.3.2                Deals      218

16.1.1.4  MnM view              218

16.1.1.4.1                Key strengths/Right to win 218

16.1.1.4.2                Strategic choices   219

16.1.1.4.3                Weaknesses/Competitive threats       219

16.1.2      JOHNSON CONTROLS    220

16.1.2.1  Business overview 220

16.1.2.2  Products/Solutions/Services offered 221

16.1.2.3  Recent developments           222

16.1.2.3.1                Product launches/developments        222

16.1.2.3.2                Deals      223

16.1.2.3.3                Other developments             224

16.1.2.4  MnM view              224

16.1.2.4.1                Key strengths/Right to win 224

16.1.2.4.2                Strategic choices   224

16.1.2.4.3                Weaknesses/Competitive threats       224

16.1.3      SIEMENS              225

16.1.3.1  Business overview 225

16.1.3.2  Products/Solutions/Services offered 227

16.1.3.3  Recent developments           228

16.1.3.3.1                Product launches/developments        228

16.1.3.4  MnM view              228

16.1.3.4.1                Key strengths/Right to win 228

16.1.3.4.2                Strategic choices   228

16.1.3.4.3                Weaknesses/Competitive threats       228

16.1.4      EMERSON ELECTRIC CO.              229

16.1.4.1  Business overview 229

16.1.4.2  Products/Solutions/Services offered 231

16.1.4.3  Recent developments           232

16.1.4.3.1                Product launches/developments        232

16.1.4.4  MnM view              232

16.1.4.4.1                Key strengths/Right to win 232

16.1.4.4.2                Strategic choices   232

16.1.4.4.3                Weaknesses/Competitive threats       233

16.1.5      SCHNEIDER ELECTRIC  234

16.1.5.1  Business overview 234

16.1.5.2  Products/Solutions/Services offered 236

16.1.5.3  Recent developments           237

16.1.5.3.1                Product launches/developments        237

16.1.5.3.2                Deals      237

16.1.5.4  MnM view              238

16.1.5.4.1                Key strengths/Right to win 238

16.1.5.4.2                Strategic choices   238

16.1.5.4.3                Weaknesses/Competitive threats       238

16.1.6      CARRIER               239

16.1.6.1  Business overview 239

16.1.6.2  Products/Solutions/Services offered 241

16.1.6.3  Recent developments           241

16.1.6.3.1                Product launches/developments        241

16.1.6.3.2                Deals      242

16.1.7      DAIKIN INDUSTRIES, LTD.           243

16.1.7.1  Business overview 243

16.1.7.2  Products/Solutions/Services offered 245

16.1.7.3  Recent developments           245

16.1.7.3.1                Product launches/developments        245

16.1.7.3.2                Deals      246

16.1.8      TRANE TECHNOLOGIES PLC      247

16.1.8.1  Business overview 247

16.1.8.2  Products/Solutions/Services offered 248

16.1.8.3  Recent developments           249

16.1.8.3.1                Product launches/developments        249

16.1.8.3.2                Deals      250

16.1.9      DANFOSS             251

16.1.9.1  Business overview 251

16.1.9.2  Products/Solutions/Services offered 253

16.1.9.3  Recent developments           253

16.1.9.3.1                Product launches/developments        253

16.1.9.3.2                Deals      254

16.1.10   LENNOX INTERNATIONAL INC. 255

16.1.10.1                 Business overview 255

16.1.10.2                 Products/Solutions/Services offered 256

16.1.10.3                 Recent developments           257

16.1.10.3.1             Deals      257

16.1.11   LG ELECTRONICS            258

16.1.11.1                 Business overview 258

16.1.11.2                 Products/Solutions/Services offered 260

16.1.12   MITSUBISHI ELECTRIC CORPORATION 261

16.1.12.1                 Business overview 261

16.1.12.2                 Products/Solutions/Services offered 262

16.1.12.3                 Recent developments           263

16.1.12.3.1             Deals      263

16.1.13   FR. SAUTER AG 264

16.1.13.1                 Business overview 264

16.1.13.2                 Products/Solutions/Services offered 264

16.1.13.3                 Recent developments           265

16.1.13.3.1             Product launches/developments        265

16.1.13.3.2             Deals      265

16.1.14   BOSCH THERMOTECHNOLOGY CORP.  266

16.1.14.1                 Business overview 266

16.1.14.2                 Products/Solutions/Services offered 267

16.1.14.3                 Recent developments           268

16.1.14.3.1             Deals      268

16.1.15   EATON 269

16.1.15.1                 Business overview 269

16.1.15.2                 Products/Solutions/Services offered 270

16.1.16   BELIMO AIRCONTROLS (USA), INC.         271

16.1.16.1                 Business overview 271

16.1.16.2                 Products/Solutions/Services offered 273

16.2         OTHER PLAYERS              274

16.2.1      ASTRONICS CORPORATION        274

16.2.2      OJ ELECTRONICS A/S     275

16.2.3      REGIN CONTROLS           276

16.2.4      AZBIL CORPORATION   277

16.2.5      COMPUTROLS, INC.        278

16.2.6      CUBIC SENSOR AND INSTRUMENT CO., LTD.     278

16.2.7      RELIABLE CONTROLS CORPORATION   279

16.2.8      DELTA INTELLIGENT BUILDING TECHNOLOGIES INC.                 280

16.2.9      DISTECH CONTROLS INC.            281

16.2.10   KMC CONTROLS               282

16.2.11   JACKSON SYSTEMS          283

17            APPENDIX           284

17.1         DISCUSSION GUIDE        284

17.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                287

17.3         CUSTOMIZATION OPTIONS        289

17.4         RELATED REPORTS         289

17.5         AUTHOR DETAILS           290

LIST OF TABLES

TABLE 1                RISK ANALYSIS  43

TABLE 2                ROLE OF COMPANIES IN HVAC CONTROLS ECOSYSTEM       62

TABLE 3                PORTER’S FIVE FORCES ANALYSIS           66

TABLE 4                INFLUENCE OF MAJOR STAKEHOLDERS ON BUYING PROCESS FOR END USERS          68

TABLE 5                KEY BUYING CRITERIA FOR END USERS                 69

TABLE 6                FR. SAUTER AG PROVIDED SMART ACTUATOR SYSTEM TO 52NIJMEGEN TO ENABLE DECENTRALIZED HVAC CONTROL            70

TABLE 7                EATON OFFERED ADVANCED POWER MANAGEMENT SYSTEM TO WAGNER MÜLLER TO IMPROVE ENERGY EFFICIENCY AND MINIMIZE DOWNTIME            70

TABLE 8                SIEMENS ENHANCED REAL-TIME MONITORING AND ENERGY MANAGEMENT WITH KANTONSSPITAL’S BUILDING AUTOMATION SYSTEM           71

TABLE 9                NETR. INC. INSTALLED DUCTLESS MINI-SPLIT SYSTEM FOR HUMIDITY CONTROL AND AIR FILTRATION                 71

TABLE 10              FRENCH INTERCITY RAIL SERVICES IMPROVED ENERGY EFFICIENCY AND ABSOLUTE RELIABILITY WITH DAIKIN’S SOLUTIONS    72

TABLE 11              IMPORT DATA FOR HS CODE 8415-COMPLIANT PRODUCTS, BY COUNTRY,

2019–2023 (USD THOUSAND)      73

TABLE 12              EXPORT DATA FOR HS CODE 8415-COMPLIANT PRODUCTS, BY COUNTRY,

2019–2023 (USD THOUSAND)      74

TABLE 13              LIST OF MAJOR PATENTS, 2024  76

TABLE 14              KEY CONFERENCES AND EVENTS, 2025–2026                 77

TABLE 15              MFN TARIFFS LEVIED ON HS CODE 8415-COMPLIANT PRODUCTS EXPORTED

BY US, 2024          78

TABLE 16              MFN TARIFFS LEVIED ON HS CODE 8415-COMPLIANT PRODUCTS EXPORTED

BY CHINA, 2024 78

TABLE 17              MFN TARIFFS LEVIED ON HS CODE 8415-COMPLIANT PRODUCTS EXPORTED

BY INDIA, 2024   79

TABLE 18              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 79

TABLE 19              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           80

TABLE 20              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 80

TABLE 21              ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           81

TABLE 22              INDICATIVE PRICING OF HVAC COMPONENTS OFFERED

BY KEY PLAYERS, 2024 (USD)      83

TABLE 23              AVERAGE SELLING PRICE TREND OF SENSORS, BY REGION, 2020–2024 (USD)      84

TABLE 24              HVAC CONTROLS MARKET SIZE, BY COMPONENT, 2021–2024 (USD MILLION)              92

TABLE 25              HVAC CONTROLS MARKET SIZE, BY COMPONENT, 2025–2030 (USD MILLION)              92

TABLE 26              HVAC CONTROLS MARKET SIZE, BY COMPONENT, 2021–2024 (MILLION UNITS)          93

TABLE 27              HVAC CONTROLS MARKET SIZE, BY COMPONENT, 2025–2030 (MILLION UNITS)          93

TABLE 28              SENSORS: HVAC CONTROLS MARKET SIZE, BY IMPLEMENTATION TYPE,

2021–2024 (USD MILLION)            93

TABLE 29              SENSORS: HVAC CONTROLS MARKET SIZE, BY IMPLEMENTATION TYPE,

2025–2030 (USD MILLION)            94

TABLE 30              SENSORS: HVAC CONTROLS MARKET SIZE, BY REGION,

2021–2024 (USD MILLION)            94

TABLE 31              SENSORS: HVAC CONTROLS MARKET SIZE, BY REGION,

2025–2030 (USD MILLION)            94

TABLE 32              SENSORS: HVAC CONTROLS MARKET SIZE IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)                 95

TABLE 33              SENSORS: HVAC CONTROLS MARKET SIZE IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)                 95

TABLE 34              SENSORS: HVAC CONTROLS MARKET SIZE IN EUROPE, BY COUNTRY,

2021–2024 (USD MILLION)            95

TABLE 35              SENSORS: HVAC CONTROLS MARKET SIZE IN EUROPE, BY COUNTRY,

2025–2030 (USD MILLION)            96

TABLE 36              SENSORS: HVAC CONTROLS MARKET SIZE IN ASIA PACIFIC, BY COUNTRY,

2021–2024 (USD MILLION)            96

TABLE 37              SENSORS: HVAC CONTROLS MARKET SIZE IN ASIA PACIFIC, BY COUNTRY,

2025–2030 (USD MILLION)            96

TABLE 38              SENSORS: HVAC CONTROLS MARKET SIZE IN ROW, BY REGION,

2021–2024 (USD MILLION)            97

TABLE 39              SENSORS: HVAC CONTROLS MARKET SIZE IN ROW, BY REGION,

2025–2030 (USD MILLION)            97

TABLE 40              SENSORS: HVAC CONTROLS MARKET SIZE IN MIDDLE EAST, BY COUNTRY,

2021–2024 (USD MILLION)            97

TABLE 41              SENSORS: HVAC CONTROLS MARKET SIZE IN MIDDLE EAST, BY COUNTRY,

2025–2030 (USD MILLION)            97

TABLE 42              HVAC CONTROLS MARKET SIZE, BY SENSOR TYPE, 2021–2024 (USD MILLION)                98

TABLE 43              HVAC CONTROLS MARKET SIZE, BY SENSOR TYPE, 2025–2030 (USD MILLION)                99

TABLE 44              TEMPERATURE SENSORS: HVAC CONTROLS MARKET SIZE, BY END USER,

2021–2024 (USD MILLION)            100

TABLE 45              TEMPERATURE SENSORS: HVAC CONTROLS MARKET SIZE, BY END USER,

2025–2030 (USD MILLION)            100

TABLE 46              HUMIDITY SENSORS: HVAC CONTROLS MARKET SIZE, BY END USER,

2021–2024 (USD MILLION)            101

TABLE 47              HUMIDITY SENSORS: HVAC CONTROLS MARKET SIZE, BY END USER,

2025–2030 (USD MILLION)            101

TABLE 48              OCCUPANCY SENSORS: HVAC CONTROLS MARKET SIZE, BY END USER,

2021–2024 (USD MILLION)            102

TABLE 49              OCCUPANCY SENSORS: HVAC CONTROLS MARKET SIZE, BY END USER,

2025–2030 (USD MILLION)            102

TABLE 50              PRESSURE SENSORS: HVAC CONTROLS MARKET SIZE, BY END USER,

2021–2024 (USD MILLION)            103

TABLE 51              PRESSURE SENSORS: HVAC CONTROLS MARKET SIZE, BY END USER,

2025–2030 (USD MILLION)            103

TABLE 52              FLOW SENSORS: HVAC CONTROLS MARKET SIZE, BY END USER,

2021–2024 (USD MILLION)            104

TABLE 53              FLOW SENSORS: HVAC CONTROLS MARKET SIZE, BY END USER,

2025–2030 (USD MILLION)            104

TABLE 54              OTHER SENSOR TYPES: HVAC CONTROLS MARKET SIZE, BY END USER,

2021–2024 (USD MILLION)            104

TABLE 55              OTHER SENSOR TYPES: HVAC CONTROLS MARKET SIZE, BY END USER,

2025–2030 (USD MILLION)            105

TABLE 56              SENSORS: HVAC CONTROLS MARKET SIZE, BY CONNECTION TYPE,

2021–2024 (USD MILLION)            105

TABLE 57              SENSORS: HVAC CONTROLS MARKET SIZE, BY CONNECTION TYPE,

2025–2030 (USD MILLION)            105

TABLE 58              HVAC CONTROLS MARKET SIZE, BY CONTROLLER AND CONTROLLED EQUIPMENT, 2021–2024 (USD MILLION)            107

TABLE 59              HVAC CONTROLS MARKET SIZE, BY CONTROLLER AND CONTROLLED EQUIPMENT, 2025–2030 (USD MILLION)            107

TABLE 60              CONTROLLERS AND CONTROLLED EQUIPMENT: HVAC CONTROLS MARKET SIZE, BY IMPLEMENTATION TYPE, 2021–2024 (USD MILLION)       108

TABLE 61              CONTROLLERS AND CONTROLLED EQUIPMENT: HVAC CONTROLS MARKET SIZE, BY IMPLEMENTATION TYPE, 2025–2030 (USD MILLION)       108

TABLE 62              CONTROLLERS AND CONTROLLED EQUIPMENT: HVAC CONTROLS MARKET SIZE, BY REGION, 2021–2024 (USD MILLION)       108

TABLE 63              CONTROLLERS AND CONTROLLED EQUIPMENT: HVAC CONTROLS MARKET SIZE, BY REGION, 2025–2030 (USD MILLION)       108

TABLE 64              CONTROLLERS AND CONTROLLED EQUIPMENT: HVAC CONTROLS MARKET SIZE IN NORTH AMERICA, BY COUNTRY, 2021–2024 (USD MILLION)         109

TABLE 65              CONTROLLERS AND CONTROLLED EQUIPMENT: HVAC CONTROLS MARKET SIZE IN NORTH AMERICA, BY COUNTRY, 2025–2030 (USD MILLION)         109

TABLE 66              CONTROLLERS AND CONTROLLED EQUIPMENT: HVAC CONTROLS MARKET SIZE IN EUROPE, BY COUNTRY, 2021–2024 (USD MILLION)     109

TABLE 67              CONTROLLERS AND CONTROLLED EQUIPMENT: HVAC CONTROLS MARKET SIZE IN EUROPE, BY COUNTRY, 2025–2030 (USD MILLION)     110

TABLE 68              CONTROLLERS AND CONTROLLED EQUIPMENT: HVAC CONTROLS MARKET SIZE IN ASIA PACIFIC, BY COUNTRY, 2021–2024 (USD MILLION)               110

TABLE 69              CONTROLLERS AND CONTROLLED EQUIPMENT: HVAC CONTROLS MARKET SIZE IN ASIA PACIFIC, BY COUNTRY, 2025–2030 (USD MILLION)               110

TABLE 70              CONTROLLERS AND CONTROLLED EQUIPMENT: HVAC CONTROLS MARKET SIZE IN ROW, BY REGION, 2021–2024 (USD MILLION)          111

TABLE 71              CONTROLLERS AND CONTROLLED EQUIPMENT: HVAC CONTROLS MARKET SIZE IN ROW, BY REGION, 2025–2030 (USD MILLION)          111

TABLE 72              CONTROLLERS AND CONTROLLED EQUIPMENT: HVAC CONTROLS MARKET SIZE IN MIDDLE EAST, BY COUNTRY, 2021–2024 (USD MILLION)               111

TABLE 73              CONTROLLERS AND CONTROLLED EQUIPMENT: HVAC CONTROLS MARKET SIZE IN MIDDLE EAST, BY COUNTRY, 2025–2030 (USD MILLION)               111

TABLE 74              HVAC CONTROLS MARKET SIZE, BY CONTROLLED EQUIPMENT TYPE,

2021–2024 (USD MILLION)            112

TABLE 75              HVAC CONTROLS MARKET SIZE, BY CONTROLLED EQUIPMENT TYPE,

2025–2030 (USD MILLION)            112

TABLE 76              HVAC CONTROLS MARKET SIZE, BY CONTROL VALVE TYPE,

2021–2024 (USD MILLION)            113

TABLE 77              HVAC CONTROLS MARKET SIZE, BY CONTROL VALVE TYPE,

2025–2030 (USD MILLION)            113

TABLE 78              CONTROL VALVES: HVAC CONTROLS MARKET SIZE, BY END USER,

2021–2024 (USD MILLION)            114

TABLE 79              CONTROL VALVES: HVAC CONTROLS MARKET SIZE, BY END USER,

2025–2030 (USD MILLION)            114

TABLE 80              HEATING & COOLING COILS: HVAC CONTROLS MARKET SIZE, BY END USER,

2021–2024 (USD MILLION)            118

TABLE 81              HEATING & COOLING COILS: HVAC CONTROLS MARKET SIZE, BY END USER,

2025–2030 (USD MILLION)            118

TABLE 82              DAMPERS: HVAC CONTROLS MARKET SIZE, BY END USER,

2021–2024 (USD MILLION)            119

TABLE 83              DAMPERS: HVAC CONTROLS MARKET SIZE, BY END USER,

2025–2030 (USD MILLION)            119

TABLE 84              ACTUATORS: HVAC CONTROLS MARKET SIZE, BY END USER,

2021–2024 (USD MILLION)            120

TABLE 85              ACTUATORS: HVAC CONTROLS MARKET SIZE, BY END USER,

2025–2030 (USD MILLION)            120

TABLE 86              PUMPS & FANS: HVAC CONTROLS MARKET SIZE, BY END USER,

2021–2024 (USD MILLION)            121

TABLE 87              PUMPS & FANS: HVAC CONTROLS MARKET SIZE, BY END USER,

2025–2030 (USD MILLION)            121

TABLE 88              SMART VENTS: HVAC CONTROLS MARKET SIZE, BY END USER,

2021–2024 (USD MILLION)          122

TABLE 89              SMART VENTS: HVAC CONTROLS MARKET SIZE, BY END USER,

2025–2030 (USD MILLION)            122

TABLE 90              HVAC CONTROLS MARKET SIZE, BY CONTROLLER TYPE,

2021–2024 (USD MILLION)            123

TABLE 91              HVAC CONTROLS MARKET SIZE, BY CONTROLLER TYPE,

2025–2030 (USD MILLION)            123

TABLE 92              CONTROLLERS: HVAC CONTROLS MARKET SIZE, BY END USER,

2021–2024 (USD MILLION)            123

TABLE 93              CONTROLLERS: HVAC CONTROLS MARKET SIZE, BY END USER,

2025–2030 (USD MILLION)            123

TABLE 94              THERMOSTATS: HVAC CONTROLS MARKET SIZE, BY END USER,

2021–2024 (USD MILLION)            127

TABLE 95              THERMOSTATS: HVAC CONTROLS MARKET SIZE, BY END USER,

2025–2030 (USD MILLION)            127

TABLE 96              HVAC CONTROLS MARKET SIZE, BY CONTROL TYPE, 2021–2024 (USD MILLION)                130

TABLE 97              HVAC CONTROLS MARKET SIZE, BY CONTROL TYPE, 2025–2030 (USD MILLION)                130

TABLE 98              HVAC CONTROLS MARKET SIZE, BY SYSTEM, 2021–2024 (USD MILLION)            134

TABLE 99              HVAC CONTROLS MARKET SIZE, BY SYSTEM, 2025–2030 (USD MILLION)            135

TABLE 100            HVAC CONTROLS MARKET SIZE, BY IMPLEMENTATION TYPE,

2021–2024 (USD MILLION)            139

TABLE 101            HVAC CONTROLS MARKET SIZE, BY IMPLEMENTATION TYPE,

2025–2030 (USD MILLION)            139

TABLE 102            NEW CONSTRUCTION: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            140

TABLE 103            NEW CONSTRUCTION: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            141

TABLE 104            RETROFIT: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            141

TABLE 105            RETROFIT: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            142

TABLE 106            HVAC CONTROLS MARKET SIZE, BY END USER, 2021–2024 (USD MILLION)            144

TABLE 107            HVAC CONTROLS MARKET SIZE, BY END USER, 2025–2030 (USD MILLION)            144

TABLE 108            RESIDENTIAL: HVAC CONTROLS MARKET SIZE, BY SENSOR TYPE,

2021–2024 (USD MILLION)            145

TABLE 109            RESIDENTIAL: HVAC CONTROLS MARKET SIZE, BY SENSOR TYPE,

2025–2030 (USD MILLION)            146

TABLE 110            RESIDENTIAL: HVAC CONTROLS MARKET SIZE, BY CONTROLLER AND CONTROLLED EQUIPMENT, 2021–2024 (USD MILLION) 146

TABLE 111            RESIDENTIAL: HVAC CONTROLS MARKET SIZE, BY CONTROLLER AND CONTROLLED EQUIPMENT, 2025–2030 (USD MILLION) 146

TABLE 112            RESIDENTIAL: HVAC CONTROLS MARKET SIZE, BY CONTROLLED EQUIPMENT, 2021–2024 (USD MILLION)                 147

TABLE 113            RESIDENTIAL: HVAC CONTROLS MARKET SIZE, BY CONTROLLED EQUIPMENT, 2025–2030 (USD MILLION)                 147

TABLE 114            COMMERCIAL: HVAC CONTROLS MARKET SIZE, BY SENSOR TYPE,

2021–2024 (USD MILLION)            149

TABLE 115            COMMERCIAL: HVAC CONTROLS MARKET SIZE, BY SENSOR TYPE,

2025–2030 (USD MILLION)            149

TABLE 116            COMMERCIAL: HVAC CONTROLS MARKET SIZE, BY CONTROLLER AND CONTROLLED EQUIPMENT, 2021–2024 (USD MILLION) 150

TABLE 117            COMMERCIAL: HVAC CONTROLS MARKET SIZE, BY CONTROLLER AND CONTROLLED EQUIPMENT, 2025–2030 (USD MILLION) 150

TABLE 118            COMMERCIAL: HVAC CONTROLS MARKET SIZE, BY CONTROLLED EQUIPMENT TYPE, 2021–2024 (USD MILLION)                 150

TABLE 119            COMMERCIAL: HVAC CONTROLS MARKET SIZE, BY CONTROLLED EQUIPMENT TYPE, 2025–2030 (USD MILLION)                 151

TABLE 120            INDUSTRIAL: HVAC CONTROLS MARKET SIZE, BY SENSOR TYPE,

2021–2024 (USD MILLION)            155

TABLE 121            INDUSTRIAL: HVAC CONTROLS MARKET SIZE, BY SENSOR TYPE,

2025–2030 (USD MILLION)            155

TABLE 122            INDUSTRIAL: HVAC CONTROLS MARKET SIZE, BY CONTROLLER AND CONTROLLED EQUIPMENT, 2021–2024 (USD MILLION) 155

TABLE 123            INDUSTRIAL: HVAC CONTROLS MARKET SIZE, BY CONTROLLER AND CONTROLLED EQUIPMENT, 2025–2030 (USD MILLION) 156

TABLE 124            INDUSTRIAL: HVAC CONTROLS MARKET SIZE, BY CONTROLLED EQUIPMENT TYPE, 2021–2024 (USD MILLION)                 156

TABLE 125            INDUSTRIAL: HVAC CONTROLS MARKET SIZE, BY CONTROLLED EQUIPMENT TYPE, 2025–2030 (USD MILLION)                 156

TABLE 126            HVAC CONTROLS MARKET SIZE, BY REGION, 2021–2024 (USD MILLION)            159

TABLE 127            HVAC CONTROLS MARKET SIZE, BY REGION, 2025–2030 (USD MILLION)            160

TABLE 128            NORTH AMERICA: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            162

TABLE 129            NORTH AMERICA: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            162

TABLE 130            NORTH AMERICA: HVAC CONTROLS MARKET SIZE, BY COUNTRY,

2021–2024 (USD MILLION)            162

TABLE 131            NORTH AMERICA: HVAC CONTROLS MARKET SIZE, BY COUNTRY,

2025–2030 (USD MILLION)            162

TABLE 132            US: HVAC CONTROLS MARKET SIZE, BY COMPONENT, 2021–2024 (USD MILLION)              164

TABLE 133            US: HVAC CONTROLS MARKET SIZE, BY COMPONENT, 2025–2030 (USD MILLION)              164

TABLE 134            CANADA: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            165

TABLE 135            CANADA: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            165

TABLE 136            MEXICO: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            165

TABLE 137            MEXICO: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            166

TABLE 138            EUROPE: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            167

TABLE 139            EUROPE: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            168

TABLE 140            EUROPE: HVAC CONTROLS MARKET SIZE, BY COUNTRY,

2021–2024 (USD MILLION)            168

TABLE 141            EUROPE: HVAC CONTROLS MARKET SIZE, BY COUNTRY,

2025–2030 (USD MILLION)            168

TABLE 142            UK: HVAC CONTROLS MARKET SIZE, BY COMPONENT, 2021–2024 (USD MILLION)              169

TABLE 143            UK: HVAC CONTROLS MARKET SIZE, BY COMPONENT, 2025–2030 (USD MILLION)              170

TABLE 144            GERMANY: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            170

TABLE 145            GERMANY: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            171

TABLE 146            FRANCE: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            171

TABLE 147            FRANCE: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            172

TABLE 148            ITALY: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            172

TABLE 149            ITALY: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            172

TABLE 150            REST OF EUROPE: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            173

TABLE 151            REST OF EUROPE: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            173

TABLE 152            ASIA PACIFIC: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            175

TABLE 153            ASIA PACIFIC: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            176

TABLE 154            ASIA PACIFIC: HVAC CONTROLS MARKET SIZE, BY COUNTRY,

2021–2024 (USD MILLION)            176

TABLE 155            ASIA PACIFIC: HVAC CONTROLS MARKET SIZE, BY COUNTRY,

2025–2030 (USD MILLION)            176

TABLE 156            CHINA: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            177

TABLE 157            CHINA: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            178

TABLE 158            JAPAN: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            178

TABLE 159            JAPAN: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            178

TABLE 160          SOUTH KOREA: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            179

TABLE 161          SOUTH KOREA: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            179

TABLE 162            INDIA: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            180

TABLE 163            INDIA: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            180

TABLE 164            REST OF ASIA PACIFIC: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            181

TABLE 165            REST OF ASIA PACIFIC: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            181

TABLE 166            ROW: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            181

TABLE 167            ROW: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            182

TABLE 168            ROW: HVAC CONTROLS MARKET SIZE, BY REGION, 2021–2024 (USD MILLION)          182

TABLE 169            ROW: HVAC CONTROLS MARKET SIZE, BY REGION, 2025–2030 (USD MILLION)          182

TABLE 170            MIDDLE EAST: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            183

TABLE 171            MIDDLE EAST: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            183

TABLE 172            MIDDLE EAST: HVAC CONTROLS MARKET SIZE, BY COUNTRY,

2021–2024 (USD MILLION)            184

TABLE 173            MIDDLE EAST: HVAC CONTROLS MARKET SIZE, BY COUNTRY,

2025–2030 (USD MILLION)            184

TABLE 174            AFRICA: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            185

TABLE 175            AFRICA: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            185

TABLE 176            SOUTH AMERICA: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2021–2024 (USD MILLION)            186

TABLE 177            SOUTH AMERICA: HVAC CONTROLS MARKET SIZE, BY COMPONENT,

2025–2030 (USD MILLION)            186

TABLE 178            HVAC CONTROLS MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, JANUARY 2022–DECEMBER 2024                187

TABLE 179            HVAC CONTROLS MARKET: DEGREE OF COMPETITION, 2024       191

TABLE 180            HVAC CONTROLS MARKET: REGION FOOTPRINT       198

TABLE 181            HVAC CONTROLS MARKET: COMPONENT FOOTPRINT       199

TABLE 182            HVAC CONTROLS MARKET: IMPLEMENTATION TYPE FOOTPRINT            200

TABLE 183            HVAC CONTROLS MARKET: END USER FOOTPRINT       201

TABLE 184            HVAC CONTROLS MARKET: CONTROL TYPE FOOTPRINT       202

TABLE 185            HVAC CONTROLS MARKET: DETAILED LIST OF KEY STARTUPS/SMES    205

TABLE 186            HVAC CONTROLS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          205

TABLE 187            HVAC CONTROLS MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, JANUARY 2022–DECEMBER 2024                 206

TABLE 188            HVAC CONTROLS MARKET: DEALS, JANUARY 2022–DECEMBER 2024     210

TABLE 189            HVAC CONTROLS MARKET: OTHER DEVELOPMENTS,

JANUARY 2022–DECEMBER 2024 213

TABLE 190            HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW          214

TABLE 191            HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    216

TABLE 192            HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES/DEVELOPMENTS    217

TABLE 193            HONEYWELL INTERNATIONAL INC.: DEALS                 218

TABLE 194            JOHNSON CONTROLS: COMPANY OVERVIEW                 220

TABLE 195            JOHNSON CONTROLS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    221

TABLE 196            JOHNSON CONTROLS: PRODUCT LAUNCHES/DEVELOPMENTS    222

TABLE 197            JOHNSON CONTROLS: DEALS    223

TABLE 198            JOHNSON CONTROLS: OTHER DEVELOPMENTS                 224

TABLE 199            SIEMENS: COMPANY OVERVIEW               225

TABLE 200            SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             227

TABLE 201            SIEMENS: PRODUCT LAUNCHES/DEVELOPMENTS    228

TABLE 202            EMERSON ELECTRIC CO.: COMPANY OVERVIEW                 229

TABLE 203            EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    231

TABLE 204            EMERSON ELECTRIC CO.: PRODUCT LAUNCHES/DEVELOPMENTS    232

TABLE 205            SCHNEIDER ELECTRIC: COMPANY OVERVIEW                 234

TABLE 206            SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    236

TABLE 207            SCHNEIDER ELECTRIC: PRODUCT LAUNCHES/DEVELOPMENTS    237

TABLE 208            SCHNEIDER ELECTRIC: DEALS  237

TABLE 209            CARRIER: COMPANY OVERVIEW               239

TABLE 210            CARRIER: PRODUCTS/SOLUTIONS/SERVICES OFFERED             241

TABLE 211            CARRIER: PRODUCT LAUNCHES/DEVELOPMENTS    241

TABLE 212            CARRIER: DEALS               242

TABLE 213            DAIKIN INDUSTRIES, LTD.: COMPANY OVERVIEW          243

TABLE 214            DAIKIN INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    245

TABLE 215            DAIKIN INDUSTRIES, LTD.: PRODUCT LAUNCHES/DEVELOPMENTS    245

TABLE 216            DAIKIN INDUSTRIES, LTD.: DEALS           246

TABLE 217            TRANE TECHNOLOGIES PLC: COMPANY OVERVIEW          247

TABLE 218            TRANE TECHNOLOGIES PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    248

TABLE 219            TRANE TECHNOLOGIES PLC: PRODUCT LAUNCHES/DEVELOPMENTS    249

TABLE 220            TRANE TECHNOLOGIES PLC: DEALS      250

TABLE 221            DANFOSS: COMPANY OVERVIEW              251

TABLE 222            DANFOSS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             253

TABLE 223            DANFOSS: PRODUCT LAUNCHES/DEVELOPMENTS    253

TABLE 224            DANFOSS: DEALS             254

TABLE 225            LENNOX INTERNATIONAL INC.: COMPANY OVERVIEW          255

TABLE 226            LENNOX INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    256

TABLE 227            LENNOX INTERNATIONAL INC.: DEALS 257

TABLE 228            LG ELECTRONICS: COMPANY OVERVIEW                 258

TABLE 229            LG ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    260

TABLE 230            MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW   261

TABLE 231            MITSUBISHI ELECTRIC CORPORATION:

PRODUCTS/SOLUTIONS/SERVICES OFFERED    262

TABLE 232            MITSUBISHI ELECTRIC CORPORATION: DEALS                 263

TABLE 233            FR. SAUTER AG: COMPANY OVERVIEW  264

TABLE 234            FR. SAUTER AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED    264

TABLE 235            FR. SAUTER AG: PRODUCT LAUNCHES/DEVELOPMENTS    265

TABLE 236            FR. SAUTER AG: DEALS 265

TABLE 237            BOSCH THERMOTECHNOLOGY CORP.: COMPANY OVERVIEW   266

TABLE 238            BOSCH THERMOTECHNOLOGY CORP.:

PRODUCTS/SOLUTIONS/SERVICES OFFERED    267

TABLE 239            BOSCH THERMOTECHNOLOGY CORP.: DEALS                 268

TABLE 240            EATON: COMPANY OVERVIEW  269

TABLE 241            EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED             270

TABLE 242            BELIMO AIRCONTROLS (USA), INC.: COMPANY OVERVIEW          271

TABLE 243            BELIMO AIRCONTROLS (USA), INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    273

TABLE 244            ASTRONICS CORPORATION: COMPANY OVERVIEW          274

TABLE 245            OJ ELECTRONICS A/S: COMPANY OVERVIEW                 275

TABLE 246            REGIN CONTROLS: COMPANY OVERVIEW                 276

TABLE 247            AZBIL CORPORATION: COMPANY OVERVIEW                 277

TABLE 248            COMPUTROLS, INC.: COMPANY OVERVIEW                 278

TABLE 249            CUBIC SENSOR AND INSTRUMENT CO., LTD.: COMPANY OVERVIEW   278

TABLE 250            RELIABLE CONTROLS CORPORATION: COMPANY OVERVIEW   279

TABLE 251            DELTA INTELLIGENT BUILDING TECHNOLOGIES INC.: COMPANY OVERVIEW     280

TABLE 252            DISTECH CONTROLS INC.: COMPANY OVERVIEW          281

TABLE 253            KMC CONTROLS: COMPANY OVERVIEW                 282

TABLE 254            JACKSON SYSTEMS: COMPANY OVERVIEW                 283

LIST OF FIGURES

FIGURE 1              HVAC CONTROLS MARKET SEGMENTATION AND REGIONAL SCOPE 29

FIGURE 2              HVAC CONTROLS MARKET: RESEARCH DESIGN                 33

FIGURE 3              HVAC CONTROLS MARKET: RESEARCH FLOW                 38

FIGURE 4              HVAC CONTROLS MARKET: BOTTOM-UP APPROACH         39

FIGURE 5              HVAC CONTROLS MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE)               40

FIGURE 6              HVAC CONTROLS MARKET: TOP-DOWN APPROACH         41

FIGURE 7              HVAC CONTROLS MARKET: DATA TRIANGULATION             41

FIGURE 8              RESEARCH ASSUMPTIONS           42

FIGURE 9              RESEARCH LIMITATIONS             43

FIGURE 10            CONTROLLERS AND CONTROLLED EQUIPMENT SEGMENT TO HOLD LARGER MARKET SHARE IN 2025        45

FIGURE 11            SMART AND AUTOMATED SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD      45

FIGURE 12            NEW CONSTRUCTION SEGMENT TO CAPTURE LARGER MARKET SHARE IN 2030               46

FIGURE 13            TEMPERATURE CONTROL SYSTEMS SEGMENT TO GAIN MAJORITY OF MARKET SHARE IN 2025                 46

FIGURE 14            COMMERCIAL SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD          47

FIGURE 15            ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       47

FIGURE 16            RISING ADOPTION OF HVAC CONTROLS BY COMMERCIAL END USERS TO DRIVE MARKET   49

FIGURE 17            CONTROLLERS AND CONTROLLED EQUIPMENT SEGMENT TO

LEAD MARKET IN 2025   49

FIGURE 18            SMART AND AUTOMATED SEGMENT TO HOLD PROMINENT

MARKET SHARE IN 2025 50

FIGURE 19            NEW CONSTRUCTION SEGMENT TO HOLD LARGER MARKET SHARE THAN RETROFIT SEGMENT IN 2030                 50

FIGURE 20            CONTROLLERS AND CONTROLLED EQUIPMENT AND CHINA DOMINATED MARKET IN 2024                 51

FIGURE 21            INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD         52

FIGURE 22            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    53

FIGURE 23            HVAC CONTROLS MARKET: IMPACT ANALYSIS OF DRIVERS       55

FIGURE 24            HVAC CONTROLS MARKET: IMPACT ANALYSIS OF RESTRAINTS                56

FIGURE 25            HVAC CONTROLS MARKET: IMPACT ANALYSIS OF OPPORTUNITIES      58

FIGURE 26            HVAC CONTROLS MARKET: IMPACT ANALYSIS OF CHALLENGES              59

FIGURE 27            VALUE CHAIN ANALYSIS               60

FIGURE 28            ECOSYSTEM ANALYSIS  62

FIGURE 29            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   63

FIGURE 30            INVESTMENT AND FUNDING SCENARIO, 2019–2023        65

FIGURE 31            PORTER’S FIVE FORCES ANALYSIS           66

FIGURE 32            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR  END USERS         68

FIGURE 33            KEY BUYING CRITERIA FOR END USERS                 69

FIGURE 34            IMPORT SCENARIO FOR HS CODE 8415-COMPLIANT PRODUCTS,

BY COUNTRY, 2019–2023                73

FIGURE 35            EXPORT SCENARIO FOR HS CODE 8415-COMPLIANT PRODUCTS,

BY COUNTRY, 2019–2023                74

FIGURE 36            PATENT ANALYSIS, 2014–2024     75

FIGURE 37            AVERAGE SELLING PRICE TREND OF SENSORS, BY REGION, 2020–2024    84

FIGURE 38            IMPACT OF AI ON HVAC CONTROLS       85

FIGURE 39            CONTROLLERS AND CONTROLLED EQUIPMENT SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2030   92

FIGURE 40            TEMPERATURE SENSORS TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030             98

FIGURE 41            CONTROLLED EQUIPMENT SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030             107

FIGURE 42            SMART AND AUTOMATED SEGMENT TO ACCOUNT FOR LARGER

MARKET SHARE IN 2030 130

FIGURE 43            TEMPERATURE CONTROL SYSTEMS SEGMENT TO ACCOUNT FOR

LARGEST MARKET SHARE IN 2030             134

FIGURE 44            NEW CONSTRUCTION SEGMENT TO ACCOUNT FOR LARGER MARKET

SHARE IN 2030   139

FIGURE 45            COMMERCIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030             144

FIGURE 46            TEMPERATURE SENSORS TO ACCOUNT FOR LARGEST SHARE OF HVAC CONTROLS MARKET FOR INDUSTRIAL END USERS IN 2030                154

FIGURE 47            ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 159

FIGURE 48            NORTH AMERICA: HVAC CONTROLS MARKET SNAPSHOT          161

FIGURE 49            US TO BE LARGEST HVAC CONTROLS MARKET IN NORTH AMERICA IN 2030        163

FIGURE 50            EUROPE: HVAC CONTROLS MARKET SNAPSHOT          167

FIGURE 51            GERMANY TO ACCOUNT FOR LARGEST MARKET SHARE IN EUROPE IN 2030         169

FIGURE 52            ASIA PACIFIC: HVAC CONTROLS MARKET SNAPSHOT          175

FIGURE 53            CHINA TO BE LARGEST MARKET FOR HVAC CONTROLS IN ASIA PACIFIC IN 2030        177

FIGURE 54            MIDDLE EAST TO ACCOUNT FOR LARGEST SHARE OF HVAC CONTROLS MARKET IN ROW IN 2030    182

FIGURE 55            HVAC CONTROLS MARKET: REVENUE ANALYSIS OF FIVE

KEY PLAYERS, 2020–2024                190

FIGURE 56            MARKET SHARE ANALYSIS OF KEY PLAYERS OFFERING HVAC CONTROLS, 2024           191

FIGURE 57            COMPANY VALUATION, 2024      193

FIGURE 58            FINANCIAL METRICS (EV/EBITDA), 2024                 194

FIGURE 59            BRAND COMPARISON   194

FIGURE 60            HVAC CONTROLS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024         196

FIGURE 61            HVAC CONTROLS MARKET: COMPANY FOOTPRINT       197

FIGURE 62            HVAC CONTROLS MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2024                204

FIGURE 63            HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT          215

FIGURE 64            JOHNSON CONTROLS: COMPANY SNAPSHOT                 221

FIGURE 65            SIEMENS: COMPANY SNAPSHOT               226

FIGURE 66            EMERSON ELECTRIC CO.: COMPANY SNAPSHOT                 230

FIGURE 67            SCHNEIDER ELECTRIC: COMPANY SNAPSHOT                 235

FIGURE 68            CARRIER: COMPANY SNAPSHOT               240

FIGURE 69            DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT          244

FIGURE 70            TRANE TECHNOLOGIES PLC: COMPANY SNAPSHOT          248

FIGURE 71            DANFOSS: COMPANY SNAPSHOT             252

FIGURE 72            LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT          256

FIGURE 73            LG ELECTRONICS: COMPANY SNAPSHOT                 259

FIGURE 74            MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT   262

FIGURE 75            BOSCH THERMOTECHNOLOGY CORP.: COMPANY SNAPSHOT   267

FIGURE 76            EATON: COMPANY SNAPSHOT  270

FIGURE 77            BELIMO AIRCONTROLS (USA), INC.: COMPANY SNAPSHOT          272