This report provides Transforma Insights’ view on the connected HVAC market. This includes smart and connected heating, ventilation, and air conditioning equipment, in consumer as well as enterprise contexts. These systems are generally comprised of controllers and potentially smart peripheral devices. Devices such as thermostats and air conditioning units are not included unless these devices are themselves smart and connected.
The smart HVAC market is expected to show strong growth over the coming years, majorly due to an increased focus on sustainability, and upcoming regulations focused on increasing energy efficiency and decreasing carbon emissions caused by buildings. The market will also benefit from a growing demand for cooling (and consequently air conditioners) in the world on account of global warming, and increased consumer demand for connectivity amongst appliances. China, US, Japan, and South Korea lead the market with the highest number of HVAC systems, traditional as well as connected.
The most common connectivity technology used in HVAC is Short Range, including Wi-Fi, Bluetooth, and Zigbee. LoRa also seems to be promising in this application area, due to its ability to provide low power consumption, deeper penetration through building walls, and wide coverage for connecting IoT devices in homes and buildings.
The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used (including splits by 2G, 3G, 4G, 5G, LPWA, short range, satellite and others), as well as the revenue split between module, value-added connectivity and services. A full set of forecast data, including country-level forecasts, sector break-downs and public/private network splits, is available through the IoT Forecast tool.
