Global HVAC Solution Software Market is Growing at a CAGR of 9.89% over the Forecast Period, Owing to Rising Demand for Optimization of Ventilation and Heating in Workspaces. The COVID-19 pandemic has affected the construction sector massively. Companies have opted for work from home options to maintain social distancing, and prevent the spread of coronavirus. Government bodies also have encouraged working from home, as the virus was spreading fast in several regions. However, the rolling out of the vaccines has enabled employees to return to office, and various companies are working on creating proper ventilation and heating across workspaces to help tackle the virus. Studies show that optimal ventilation can help in the reduction of surface contamination by removing several particles before they can land on various surfaces. Added care is being taken by companies to deploy proper HVAC techniques to create a safe working environment for the employees, thereby helping in the growth of the global HVAC solution software market in the coming years.
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Absolute Markets Insights found that the industrial and commercial segment accounted for the highest market share in revenue in the global HVAC solution software market in 2020. The higher budget amongst companies, especially large industries, coupled with the higher focus of the end-users on commercial and industrial sectors due to their ventilation and heating requirements has played a major role in the higher share of this segment in the global HVAC solution software market in 2020. Industrial complexes are increasingly trying to reduce energy consumption using smart HVAC solutions, and are increasingly tying up with HVAC solution providers for creating a strategy to optimize energy use. Johnson Controls, for instance, is providing a range of products that are engineered to obtain higher efficiency, thereby reducing the need for higher energy. Regular maintenance and calibration can also be availed through the company’s packages, which in turn is helping the end-users in reducing maintenance issues which can arise in the future.
Some of key players operating in the global HVAC solution software market are AB Electrolux, Carrier, Daikin, Emerson Electric Co., Honeywell International Inc., Ingersoll Rand, Johnson Controls, Lennox International Inc., LG Electronics, Mitsubishi Electric, Nortek Air Management, Samsung Electronics, amongst others.
Global HVAC Solution Software Market
By Offering
- Hardware
- Software
- Services
- Implementation and Maintenance
- Consulting and Training
- Design and Development
- Others
By End-Use
- Residential
- Commercial/Industrial
By Distribution Channel
- Direct
- Indirect
By Application
- Air Filtering and Purifying
- Humidification and Dehumidification
- Air Cooling and Heating
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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