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Shipments of Advanced Controls Devices for Heating, Ventilation, and Air Conditioning Will Reach 70.4 Million by 2023, Forecasts Navigant Research
|By Business Wire
|May 21, 2014 11:54 AM EDT
The consumption of energy for heating, ventilation, and air conditioning
(HVAC) systems in commercial buildings represents a key contribution to
total global energy use. Although advanced controls technology for HVAC
systems is mature, adoption of the newest technologies remains
relatively low, and HVAC controls retrofits can provide a compelling
value proposition through reduced energy consumption in existing
to tweet: According to a new report from Navigant
Research, shipments of advanced controls devices for HVAC in
commercial buildings will grow from 33.8 million units in 2014 to 70.4
million in 2023.
Such devices include a variety of sensors, controllers, and thermostats
that assist with the efficient management of commercial HVAC systems.
Navigant Research forecasts that the largest device categories over the
coming decade, in terms of unit shipments, will be temperature sensors,
airflow sensors, variable air volume or terminal controllers, fan coil
unit controllers, and CO2 sensors.
“Networked digital controls for HVAC systems have been available for
many years, but much of the existing building stock is still dependent
on older technologies,” says Benjamin Freas, research analyst with
Navigant Research. “New building certification and benchmarking
regulations are driving faster retrofits of controls in existing
buildings, and changing how automation is designed into new buildings.”
Future economic growth presents a primary uncertainty for this segment.
The advanced HVAC controls market remains very dependent on rates of new
construction and building renovation, which in turn are driven by the
overall economic conditions in each world region. The market has been
negatively affected by the 2008 financial crisis, and is only now
beginning to experience a modest but accelerating recovery, according to
The report “Advanced
HVAC Controls”, analyzes the global market for remote advanced HVAC
controls, segmented by equipment type, sensors, field devices,
floor-level controllers, building-level controllers, as well as building
use, office, retail, education, healthcare, hotels & restaurants,
institutional/assembly, warehouse, transport, in each major world
region. The report provides an analysis of the market issues, including
technology advances, opportunities, and barriers, associated with
advanced HVAC controls. Global market forecasts for unit shipments and
revenue, segmented by device type and by region, extend through 2023. An
Executive Summary of the report is available for free download on the Navigant
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings
sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to
assisting clients in creating and protecting value in the face of
critical business risks and opportunities. Through senior level
engagement with clients, Navigant professionals combine technical
expertise in Disputes and Investigations, Economics, Financial Advisory
and Management Consulting, with business pragmatism in the highly
regulated Construction, Energy, Financial Services and Healthcare
industries to support clients in addressing their most critical business
needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the
report, “Advanced HVAC Controls,” is a summary and reflects
Navigant Research’s current expectations based on market data and trend
analysis. Market predictions and expectations are inherently uncertain
and actual results may differ materially from those contained in this
press release or the report. Please refer to the full report for a
complete understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any
of the information contained in this press release or the report.
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