The Smart HVAC controls (heating, ventilation and air conditioning) are a necessary approach in the HVAC market to reduce the energy consumption. In various countries, regulations require that the buildings should have smart heating and cooling systems to make them more energy efficient.

HVAC controls market report share is estimated to be USD 17.2 billion in 2022 and is projected to reach USD 26.7 billion by 2027; it is expected to grow at a CAGR of 9.2% from 2022 to 2027.

Companies such as Carrier (U.S.), Honeywell (U.S.) and Trane (U.S.) have Smart HVAC controls with web based solution. Communications protocols are also important in the web-space, BACNet and LonWorks are getting accepted by many OEM’s, which is considered as the positive outlook in terms of standardization of wireless Smart HVAC Controls.

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Honeywell International Inc (US) − Honeywell International Inc (Honeywell) is a multinational conglomerate that specializes in inventing and commercializing technologies to address critical challenges in the fields of energy, safety, security, productivity, and urbanization. Honeywell is a software-industrial company, which offers industry-specific solutions to aerospace and automotive products and services. It operates through the following segments: Aerospace; Honeywell Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The HBT business unit deals with the HVAC controls market.

Carrier Global Corporation (US) – Carrier Global Corporation is a global provider of sustainable building and refrigeration solutions. In 1979, UTC acquired Carrier Corporation, a major company operating in the field of HVAC controls, systems, and products, which also provides intelligent building technologies, refrigeration, and heating & cooling products. Carrier was incorporated under the UTC climate controls & security segment for operations. But in March 2020, United Technologies completed the separation and spin-off of UTC Climate, Controls & Security as an independent company known as Carrier Global Corporation.

Trane Technologies Plc (Ireland) – Trane Technologies Plc engages in the provision of products, services, and solutions to enhance the quality, energy efficiency, and comfort of air in homes and buildings, transport and protect food and perishables, and increase industrial productivity and efficiency. It operates through two operating segments: Climate and Industrial. The Climate segment delivers heating, ventilation, and air-conditioning (HVAC) systems, and commercial and residential building services, parts, support and controls, and transport temperature control solutions.

Johnson Controls (US) − Johnson Controls is a multi-industrial leader and has expertise in diversified technologies serving clients in more than 150 countries. Johnson Controls operates through four primary business segments, based on financial reporting, they are classified into Building Solutions North America, Building Solution EMEA/LA, Building Solutions Asia Pacific, and Global Products. The company provides HVAC control products under the building automation & controls product segment. The company is a global market leader in developing and installing building products and systems, which include HVAC equipment, HVAC controls, security systems, energy management systems, fire detection systems, and fire suppression solutions.