South & Central America HVAC Controls Market Forecast to 2030

South & Central America HVAC Controls Market Forecast to 2030 – Regional Analysis – by Component (Hardware and Software & Services), 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)

Send Enquiry

$2,485$3,885

Description

The South & Central America HVAC controls market is expected to grow from US$ 318.66 million in 2022 to US$ 1,059.86 million by 2030. It is estimated to grow at a CAGR of 16.2% from 2022 to 2030.

Rising Adoption of Cloud Computing in HVAC Drives South & Central America HVAC Controls Market

Cloud computing aids in data storage, process execution, and business operation by enabling internet servers to function across a distant area. It has developed into a catalyst for IT innovation in many businesses. Contractors maintain various data in HVAC systems, including information about HVAC loads, building equipment, bids, and maintenance activities, which are produced in several separate systems. Manually gathering such data increases the chance of data loss and the likelihood of misinterpretation. A single platform, such as cloud computing, can be utilized to address this issue and enable access to everyone involved in the project. A cloud platform simplifies updating information about the project, customer requirements, and equipment and control selection. The same information can also be referred to in the future. Cloud computing has made it easier to follow laws, select energy-efficient HVAC systems and controls, assess HVAC load, store sales data, and preserve data for technicians. Thus, the rising adoption of cloud computing in HVAC systems is likely to create lucrative opportunities for the South & Central America HVAC controls market.

South & Central America HVAC Controls Market Overview

The South & Central America HVAC controls market is segmented into Brazil, Argentina, and the Rest of South & Central America. The expansion of the South & Central America HVAC controls market is anticipated to be boosted by the growing demand for energy-efficient products. Further, energy efficiency laws and rising consumer awareness are expected to fuel market expansion. There is a trend in several countries of South & Central America toward developing national energy efficiency initiatives and offering them regulatory and legal support. Technological advancements, new product development, and compressor exports from countries such as Mexico, Brazil, and Argentina are anticipated to contribute to the expansion of the SAM HVAC controls market. Rapid urbanization and rising infrastructure spending are projected to increase air conditioning system shipments during the forecast period. Further, rising disposable income in emerging economies, improving living standards, and varying weather patterns are anticipated to boost market growth in the upcoming years. The growing construction industry in SAM, owing to the rising number of residential and commercial places, is driving the growth of the South & Central America HVAC controls market. Increasing demand for advanced HVAC systems to improve air quality in buildings has created a significant growth opportunity for the HVAC sensors market. Further, the increasing installation of air conditioning systems in Brazil is boosting market growth. Although Brazil is focused on energy-efficient HVAC applications with a specific perspective, Argentina, Chile, and other countries in South & Central America are still lagging in the adoption of HVAC systems. Thus, the market is expected to witness moderate growth as the adoption of HVAC systems is limited or low in some parts of the region.

South & Central America HVAC Controls Market Revenue and Forecast to 2030 (US$ Million)

South & Central America HVAC Controls Market Segmentation

The South & Central America HVAC controls market is segmented into component, installation type, system, end user, and country.

Based on component, the South & Central America HVAC controls market is bifurcated into hardware and software & services. In 2022, the hardware segment registered a larger share in the South & Central America HVAC controls market. The hardware segment is further segmented into sensor, controllers, smart vents, and others.

Based on installation type, the South & Central America HVAC controls market is bifurcated into new installation and retrofit. In 2022, the retrofit segment registered a larger share in the South & Central America HVAC controls market.

Based on system, the South & Central America HVAC controls market is segmented into temperature control system, humidity control system, ventilation control system, and integrated control system. In 2022, the temperature control system segment registered the largest share in the South & Central America HVAC controls market.

Based on end user industry, the South & Central America HVAC controls market is segmented into residential, commercial, and industrial. In 2022, the commercial segment registered the largest share in the South & Central America HVAC controls market.

Based on country, the South & Central America HVAC controls market is segmented into Brazil, Argentina, and the Rest of South & Central America. In 2022, Brazil segment registered the largest share in the South & Central America HVAC controls market.

Carrier Global Corporation; DAIKIN INDUSTRIES, Ltd.; Emerson Electric Co.; Honeywell International Inc.; Johnson Controls, Inc.; Schneider Electric SE; Siemens AG; and Lennox International Inc. are some of the leading companies operating in the South & Central America HVAC controls market.

Summary Info

Industry:

Number of pages:

Pricing options:

, ,

Publishing status:

Geographical coverage:

Year of Publication:

At 16.2% CAGR, the South & Central America HVAC Controls Market is Speculated to be worth US$ 1,059.86 million by 2030, saysthe research team

According tothe research team’ research, the South & Central America HVAC controls market was valued at US$ 318.66 million in 2022 and is expected to reach US$ 1,059.86 million by 2030, registering a CAGR of 16.2% from 2022 to 2030. Advancement in green technology and Rising adoption of cloud computing in HVAC are the critical factors attributed to the South & Central America HVAC controls market expansion.

The South & Central America HVAC controls market is undergoing a transformative shift driven by the integration of green technologies. With the rise of geothermal systems and smart thermostats, a shift is seen in the market. A sustainable approach to real estate development is becoming imperative, prompting HVAC professionals and property owners to prioritize environmentally friendly solutions. Energy efficiency has emerged as a paramount concern for both HVAC experts and consumers. This has sparked a growing interest in energy-efficient systems that promise substantial future cost savings. The trajectory of the HVAC industry is set to be shaped by the expansion of systems utilizing alternative heating fuels like electricity and hydrogen. This shift is fueled by heightened consumer awareness of environmental issues and the demand for eco-friendly products. Prominent manufacturers, including Daikin and Carrier, are actively pursuing cleaner solutions to cater to environmentally conscious consumers. Carrier’s Hybrid Heat System, for instance, seamlessly integrates advanced control technology with versatile heat sources, allowing the system to dynamically switch between energy sources based on external weather conditions. Furthermore, governments are taking initiatives behind eco-initiatives, endorsing eco-friendly HVAC systems. Thus, the trajectory of the South & Central America HVAC controls market is directed towards an increasingly green future. As green technologies continue to shape the industry, demand for HVAC controls is anticipated to surge in the forthcoming years, driven by the imperative of energy efficiency and sustainable practices.

On the contrary, high cost and technical complexities hurdles the growth of South & Central America HVAC controls market.

Based on component, the South & Central America HVAC controls market is bifurcated into hardware and software & services. The hardware segment held 67.5% share of South & Central America HVAC controls market in 2022, amassing US$ 215.16 million. It is projected to garner US$ 734.34 million by 2030 to expand at 16.6% CAGR during 2022–2030. The hardware segment is further segmented into sensor, controllers, smart vents, and others.

Based on installation type, the South & Central America HVAC controls market is bifurcated into new installation and retrofit. The retrofit segment held 77.4% share of South & Central America HVAC controls market in 2022, amassing US$ 246.50 million. It is projected to garner US$ 840.07 million by 2030 to expand at 16.6% CAGR during 2022–2030.

Based on system, the South & Central America HVAC controls market is segmented into temperature control system, humidity control system, ventilation control system, and integrated control system. The temperature control system segment held 48.1% share of South & Central America HVAC controls market in 2022, amassing US$ 153.12 million. It is projected to garner US$ 540.47 million by 2030 to expand at 17.1% CAGR during 2022–2030.

Based on end user industry, the South & Central America HVAC controls market is segmented into residential, commercial, and industrial. The commercial segment held 65.4% share of South & Central America HVAC controls market in 2022, amassing US$ 208.34 million. It is projected to garner US$ 717.68 million by 2030 to expand at 16.7% CAGR during 2022–2030.

Based on country, the South & Central America HVAC controls market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 61.4% share of South & Central America HVAC controls market in 2022. It was assessed at US$ 195.58 million in 2022 and is likely to hit US$ 686.47 million by 2030, exhibiting a CAGR of 17.0% during 2022–2030.

Key players operating in the South & Central America HVAC controls market report Carrier Global Corporation; DAIKIN INDUSTRIES, Ltd.; Emerson Electric Co.; Honeywell International Inc.; Johnson Controls, Inc.; Schneider Electric SE; Siemens AG; and Lennox International Inc., among others.

– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific frozen waffles market.
– Highlights key business priorities in order to assist companies to realign their business strategies.
– the key findings and recommendations highlight crucial progressive industry trends in Asia Pacific frozen waffles market, thereby allowing players across the value chain to develop effective long-term strategies.
– develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America HVAC Controls Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in The Value Chain
5. South & Central America HVAC Controls Market – Key Industry Dynamics
5.1 South & Central America HVAC Controls Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growth in Construction Sector
5.2.2 Implementation of Smart, Connected, and Energy Efficient IOT-enabled HVAC Systems
5.3 Market Restraints
5.3.1 High Cost and Technical complexities
5.4 Market Opportunities
5.4.1 Rising Adoption of Cloud Computing in HVAC
5.4.2 Development of Smart Cities
5.5 Future Trends
5.5.1 Advancement in Green Technology
5.6 Impact of Drivers and Restraints:
6. HVAC Controls Market – South & Central America Market Analysis
6.1 South & Central America HVAC Controls Market Revenue (US$ Million), 2022 – 2030
6.2 South & Central America HVAC Controls Market Forecast and Analysis
7. South & Central America HVAC Controls Market Analysis – Component
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware Market, Revenue and Forecast to 2030 (US$ Million)
7.1.3 Sensor
7.1.3.1 Overview
7.1.3.2 Sensor Market, Revenue and Forecast to 2030 (US$ Million)
7.1.4 Controllers
7.1.4.1 Overview
7.1.4.2 Controllers Market, Revenue and Forecast to 2030 (US$ Million)
7.1.5 Smart Vents
7.1.5.1 Overview
7.1.5.2 Smart Vents Market, Revenue and Forecast to 2030 (US$ Million)
7.1.6 Others
7.1.6.1 Overview
7.1.6.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Software & Services
7.2.1 Overview
7.2.2 Software & Services Market, Revenue and Forecast to 2030 (US$ Million)
8. South & Central America HVAC Controls Market Analysis – Installation Type
8.1 Retrofit
8.1.1 Overview
8.1.2 Retrofit Market Revenue, and Forecast to 2030 (US$ Million)
8.2 New Installation
8.2.1 Overview
8.2.2 New Installation Market Revenue, and Forecast to 2030 (US$ Million)
9. South & Central America HVAC Controls Market Analysis – System
9.1 Temperature Control System
9.1.1 Overview
9.1.2 Temperature Control System Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Integrated Control System
9.2.1 Overview
9.2.2 Integrated Control System Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Ventilation Control System
9.3.1 Overview
9.3.2 Ventilation Control System Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Humidity Control System
9.4.1 Overview
9.4.2 Humidity Control System Market Revenue, and Forecast to 2030 (US$ Million)
10. South & Central America HVAC Controls Market Analysis – End User
10.1 Commercial
10.1.1 Overview
10.1.2 Commercial Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Industrial
10.2.1 Overview
10.2.2 Industrial Market Revenue, and Forecast to 2030 (US$ Million)
10.3 Residential
10.3.1 Overview
10.3.2 Residential Market Revenue, and Forecast to 2030 (US$ Million)
11. South & Central America HVAC Controls Market – Country Analysis
11.1 Overview
11.1.1 South & Central America HVAC Controls Market Revenue and Forecasts and Analysis – By Country
11.1.1.1 South America HVAC Controls Market Revenue and Forecasts and Analysis – By Country
11.1.1.2 Brazil HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.2.1 Brazil HVAC Controls Market Breakdown by Component
11.1.1.2.1.1 Brazil HVAC Controls Market Breakdown by Hardware
11.1.1.2.2 Brazil HVAC Controls Market Breakdown by Installation Type
11.1.1.2.3 Brazil HVAC Controls Market Breakdown by System
11.1.1.2.4 Brazil HVAC Controls Market Breakdown by End User
11.1.1.3 Argentina HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.3.1 Argentina HVAC Controls Market Breakdown by Component
11.1.1.3.1.1 Argentina HVAC Controls Market Breakdown by Hardware
11.1.1.3.2 Argentina HVAC Controls Market Breakdown by Installation Type
11.1.1.3.3 Argentina HVAC Controls Market Breakdown by System
11.1.1.3.4 Argentina HVAC Controls Market Breakdown by End User
11.1.1.4 Rest of SAM HVAC Controls Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.4.1 Rest of SAM HVAC Controls Market Breakdown by Component
11.1.1.4.1.1 Rest of SAM HVAC Controls Market Breakdown by Hardware
11.1.1.4.2 Rest of SAM HVAC Controls Market Breakdown by Installation Type
11.1.1.4.3 Rest of SAM HVAC Controls Market Breakdown by System
11.1.1.4.4 Rest of SAM HVAC Controls Market Breakdown by End User
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiatives
13.3 New Product Development
13.4 Merger and Acquisition
14. Company Profiles
14.1 Carrier Global Corporation
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 DAIKIN INDUSTRIES, Ltd.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Emerson Electric Co.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Honeywell International Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Johnson Controls, Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Schneider Electric SE
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Siemens AG
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Lennox International Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
15. Appendix
15.1 About
15.2 Word Index

LIST OF TABLES

Table 1. South & Central America HVAC Controls Market Segmentation
Table 2. South & Central America HVAC Controls Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. South & Central America HVAC Controls Market Revenue and Forecasts To 2030 (US$ Million) – Component
Table 4. South & Central America HVAC Controls Market Revenue and Forecasts To 2030 (US$ Million) – Installation Type
Table 5. HVAC Controls Market Revenue and Forecasts To 2030 (US$ Million) – System
Table 6. South & Central America HVAC Controls Market Revenue and Forecasts To 2030 (US$ Million) – End User
Table 7. South America HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 8. Brazil HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 9. Brazil HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Hardware
Table 10. Brazil HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation Type
Table 11. Brazil HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By System
Table 12. Brazil HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 13. Argentina HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 14. Argentina HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Hardware
Table 15. Argentina HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation Type
Table 16. Argentina HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By System
Table 17. Argentina HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 18. Rest of SAM HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 19. Rest of SAM HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Hardware
Table 20. Rest of SAM HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By Installation Type
Table 21. Rest of SAM HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By System
Table 22. Rest of SAM HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 23. Heat Map Analysis by Key Players
Table 24. List of Abbreviation

LIST OF FIGURES

Figure 1. South & Central America HVAC Controls Market Segmentation, By Country
Figure 2. Ecosystem: South & Central America HVAC Controls Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. South & Central America HVAC Controls Market Revenue (US$ Million), 2022 – 2030
Figure 5. South & Central America HVAC Controls Market Share (%) – Component, 2022 and 2030
Figure 6. Hardware Market Revenue and Forecasts To 2030 (US$ Million)
Figure 7. Sensor Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Controllers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Smart Vents Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Software & Services Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. South & Central America HVAC Controls Market Share (%) – Installation Type, 2022 and 2030
Figure 13. Retrofit Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. New Installation Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. South & Central America HVAC Controls Market Share (%) – System, 2022 and 2030
Figure 16. Temperature Control System Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Integrated Control System Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Ventilation Control System Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Humidity Control System Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. South & Central America HVAC Controls Market Share (%) – End User, 2022 and 2030
Figure 21. Commercial Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Industrial Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Residential Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. South & Central America HVAC Controls Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 25. HVAC Controls Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 26. Brazil HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. Argentina HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 28. Rest of SAM HVAC Controls Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 29. Company Positioning & Concentration

The List of Companies – South & Central America HVAC Controls Market

– Carrier Global Corporation
– DAIKIN INDUSTRIES, Ltd.
– Emerson Electric Co.
– Honeywell International Inc.
– Johnson Controls, Inc.
– Lennox International Inc.
– Schneider Electric SE
– Siemens AG

Reviews

There are no reviews yet.

Be the first to review “South & Central America HVAC Controls Market Forecast to 2030”