The global market for HVAC controls is projected to reach over $270 million by 2028, driven by factors such as rapid industrialization, energy efficiency regulations, IoT integration, and the growing demand for smart HVAC systems. However, the COVID-19 pandemic has negatively impacted the market due to supply chain disruptions and reduced demand. The HVAC system market is also expected to grow, reaching $237 billion by 2028, fueled by factors like urbanization, energy efficiency concerns, and the adoption of smart technologies.

HVAC Controls Market Projections