Study: HVAC control market poised for growth
The HVAC market is mature and stable, increasing the need for controls and BAS.
Source: ARC Advisory Group
The HVAC market, like nearly all other markets, has been significantly impacted by the economic turmoil that materialized in 2008 and accelerated through the first half of 2009, according to the ARC Advisory Group . The HVAC market enjoyed a strong 2007 and early in 2008 the market looked like it was going to enjoy another strong year, but the collapse of the U.S. housing market and subsequent chain reaction of events made for a very difficult business climate for the remainder of 2008 and into 2009.
The HVAC controls industry is in the middle of a very interesting transition. The market seems to be mature and stable - the seven largest suppliers account for more than four-fifths of all sales. "However, fundamental changes taking place in the market, such as the need for enterprise visibility, integration of HVAC systems with other building automation systems, increasing use of analytics in HVAC control, energy management initiatives, and the impact of web enabled systems and cloud computing make this dynamic market ripe for innovation," according to ARC Research Analyst Joseph Gillespie, the principal author of ARC's " HVAC Control Systems Worldwide Outlook ."
Case Study Database
Get more exposure for your case study by uploading it to the Consulting-Specifying Engineer case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.
These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.
Click here to visit the Case Study Database and upload your case study.