HVAC control market projected to hit $24.6 billion by 2030

By AI, Created 1:26 PM UTC, May 28, 2026, /AGP/ – A new Allied Market Research report says the global HVAC control market will rise from $14.25 billion in 2020 to $24.58 billion by 2030, driven by IoT-enabled systems, building automation demand and construction growth. Asia-Pacific led the market in 2020, while commercial and retrofit applications are expected to expand fastest.

Why it matters: - HVAC controls are becoming central to energy efficiency, automation and smart building upgrades across residential, commercial and industrial properties. - The market outlook signals continued spending on systems that manage temperature, ventilation and humidity as buildings get more connected. - Growth in retrofit demand suggests older buildings will also be a major source of future revenue.

What happened: - Allied Market Research published a new report titled “HVAC control market by system, implementation type, and end user: global opportunity analysis and industry forecast, 2021-2030.” - The report values the global HVAC control market at $14,252.4 million in 2020. - The market is projected to reach $24,575.3 million by 2030. - That forecast implies a 5.5% compound annual growth rate from 2021 to 2030. - The report covers system type, implementation type and end user.

The details: - IoT-enabled HVAC systems, higher demand for building automation systems and construction market development are key growth drivers. - Low adoption of HVAC controls and the difficulty of upgrading existing systems are limiting market growth. - Higher demand for cloud computing in HVAC is expected to create new opportunities. - Temperature control systems, ventilation control systems, humidity control systems and integrated control systems are the main product types. - Temperature control systems held the largest market share by value in 2020. - Industrial, commercial and residential are the main application verticals. - Global economic growth and development in residential, commercial and industrial sectors are major market supports. - Fluctuating raw material prices are a headwind for the market. - Asia-Pacific accounted for about 49.6% of global revenue in 2020, ahead of Europe and North America. - Asia-Pacific is expected to post the fastest growth rate, driven by urbanization and economic development in emerging countries. - Government policies supporting industries such as automotive and food and beverages are also boosting demand. - Infrastructure spending and rising heating and cooling needs in residential and commercial buildings are adding demand for HVAC controls. - The commercial segment is projected to grow at a 6.2% CAGR during the forecast period. - Smart city initiatives and more industrial projects are supporting commercial demand. - New construction led by revenue in 2020, while the retrofit segment is expected to grow at a significant CAGR. - The report profiles Carrier Global, Daikin Industries, Danfoss, Delta Controls, Emerson Electric, Honeywell International, Johnson Controls, LG Electronics, Schneider Electric and Siemens. - The report says pandemic lockdowns forced manufacturers in China, the U.S. and India to halt operations. - Those shutdowns hit sales and constrained equipment supply because of labor and raw material shortages. - Reopening production facilities and COVID-19 vaccines are expected to support a recovery. - The report also says the UAE approved a $2.7 billion tender in February 2020 for infrastructure projects under a public-private partnership model. - In October 2020, South Korea and the Inter-American Development Bank committed about $1.3 billion for Latin American smart city projects. - The report offers segment estimates for 2021 through 2030 and analyzes current and emerging market trends.

Between the lines: - The strongest demand appears to be shifting toward connected, integrated systems rather than standalone controls. - Smart city and infrastructure spending are reinforcing the case for commercial HVAC upgrades. - Asia-Pacific’s lead suggests the market is being shaped most by urbanization and new construction in fast-growing economies.

What’s next: - The commercial, retrofit and integrated control segments are positioned to post the strongest gains through 2030. - Cloud-based HVAC management should become a more important opportunity if adoption continues to rise. - More infrastructure spending and smart building development could keep the market growing even if raw material costs remain volatile.

The bottom line: - HVAC controls are moving from a building accessory to a core part of energy management and automation, and the market is set for steady expansion through the end of the decade.