HVAC Breaking News / Commercial Controls

May 26, 2014: Shipments of Advanced HVAC Controls to More Than Double by 2023

Market Growth Will Be Limited by Global Economic Recovery

BOULDER, COLO. — The consumption of energy for HVAC in commercial buildings is a key contributor to total global energy use, notes Navigant Research. Although advanced HVAC controls technology is mature, adoption of the newest technologies remains relatively low; however, HVAC controls retrofits can provide a convincing value proposition through reduced energy consumption in existing buildings. According to a new report from the research firm, 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 in 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,” said 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 region of the world. 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.

An executive summary of the report is available here.

Publication date: 5/26/2014

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