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HVAC Controls Market Projected to Reach worth $26.7 billion by 2027 – Exclusive Report by MarketsandMarkets™

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Chicago, Sept. 02, 2022 (GLOBE NEWSWIRE) — HVAC Controls Market by Component (Sensors, Controllers, and Controlled Equipment), System, Implementation Type (New Construction, Retrofit), Application (Residential, Commercial, Industrial) and Region – Global Forecast to (2022-2027)”, The HVAC controls market is dominated by players such as Honeywell International Inc. (US), Johnson Controls (US), Siemens (Germany), Carrier (US), and Emerson Electric Co. (US).

  • Expected Market – $26.7 Billion by 2026
  • Projected to grow from – $17.2 billion in 2021
  • At a CAGR – 9.2%
  • Market Size Available for Year – 2018-2027
  • Base Year – 2021
  • Forecast Period – 2022-2027
  • Segments Covered – By Component, System, Implementation Type, Application
  • Geographic regions covered – North America, APAC, Europe, and RoW

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Browse in-depth TOC on “HVAC Controls Market
197 – Tables
62- Figures
246 – Pages

Honeywell International was ranked first in the HVAC controls market in 2021, with an approximate share of 8–9% in the market. The company has a diversified product portfolio, which gives it a competitive advantage over its peers. Indirectly, this helps reduce the companys dependence on a single market for revenue generation. The company offers controls and displays for heating, cooling, indoor air quality, ventilation, humidification, combustion, lighting, and home automation systems. It also offers software solutions that help monitor and manage heating, cooling, ventilation parameters, and indoor air quality.

Johnson Controls held the second position in the HVAC controls market in 2021, with an approximate share of 7–8% in the market. The company conducts its business through four business segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products. The company’s strategically balanced product offerings reduce business risks and enable the company to tap opportunities in new and existing markets. The company focuses on expanding its business in developing countries and increasing its customer base outside the domestic market. The company has centers (both manufacturing and distribution) in over 60 countries across the world.

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The study categorizes the HVAC controls market based on component, system, implementation type, application at the regional and global levels.

HVAC controls market, by component

  • Sensors
  • Controllers and controlled equipment

HVAC controls market, by system

  • Temperature control system
  • Ventilation control system
  • Humidty control system
  • Integrated control system

HVAC controls market, By Implmenetaion Type

  • New Construction
  • Retrofit

HVAC controls market, By Application

  • Residential
  • Commercial
  • Industrial

Temperature control systems automatically control the temperature of a zone or an area. They sense and measure the temperature of an indoor area and accordingly to the temperature set as input by the user. They heat or cool the area to reach the set temperature levels. These systems use various HVAC equipment, such as air-conditioners, space heaters, and coolers, to change the area’s temperature. A temperature control system consists of sensors, controllers, and HVAC equipment. The thermostat is a prime example of a temperature control system. In 2016, only 11% of US households owned a smart thermostat. By January 2022, the number reached 24% and is still growing. Energy efficiency and long-term cost savings are usually among the top reasons homeowners are demanding smart thermostats.

The increased adoption of cloud computing has offered benefits for various industry sectors by providing advanced Artificial Intelligence capabilities for various applications, including HVAC. The advanced application of cloud computing and IoT is Digital twin; a real-time-based simulation of the system model, which takes real-time operational data of the HVAC system and performs simulation to reduce operational cost; provides information on the optimal maintenance schedule of HVAC equipment and perform remote diagnostics. Digital twins can help create smarter buildings by automating processes through machine learning.

Related Reports:

HVAC System Market by Cooling Equipment, Heating Equipment, Ventilation Equipment, Implementation Type, Application (Residential, Commercial, Industrial) and Region (North America, Europe, APAC, RoW) (2021-2026)


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Artificial Intelligence

Safeguard Your Mobile Memories before World Backup Day on March 31 with Qubii Duo

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TAIPEI, March 19, 2024 /PRNewswire/ — March 31st serves as a critical reminder for digital citizens worldwide: World Backup Day. Industry advocates are calling on individuals to proactively secure their essential digital assets before April Fool’s Day, a time notoriously exploited by cybercriminals through malicious software attacks. Astonishingly, research indicates that one in three people have yet to perform a backup of their mobile device data. This oversight is often attributed to a reluctance to invest in cloud storage solutions or a simple lack of know-how regarding the backup process. The consequence? Potential irreversible loss of invaluable digital memories and information.

Enter Qubii Duo, the latest innovation in data backup solutions and recipient of the Good Design Award. The device boasts an “automatic” backup feature that activates whenever the user charges their mobile phone to seamlessly preserve your photos, videos, contacts, FB/IG content, and more. Each time you recharge your phone, it jumps into action, ensuring your memories are safely stored. It’s even smart enough to detect fresh content and avoid duplicate entries. Qubii Duo’s patented locking function ensures data security, preventing unauthorized access, and provides users with the option to scale storage capacity as needed. The solution stands out for its commitment to privacy, allowing for secure offline data backup without the recurring costs associated with cloud storage services. It supports both iOS and Android devices, including iPads and tablets, and facilitates effortless data transfer to computers via its plug-and-play feature, requiring no internet connection. This cross-platform compatibility ensures a seamless transition for users changing or upgrading their mobile devices, making Qubii Duo an indispensable tool in the digital era.
In the competitive tech landscape, the Qubii Duo has emerged as a remarkable success story, selling millions of units across the globe. Its seamless integration with Apple devices, courtesy of its MFi certification, along with a design focused on user experience, has resonated well with consumers. Maktar is celebrating this achievement by offering a special promotion for the Qubii Duo from March 18 to April 5. For those intrigued by its widespread acclaim, more information is available on the Qubii Duo promotion website.
About Maktar: A global startup brand specializing in the development and design of mobile phone peripherals.
Discover Maktar’s region-specific product selections:Maktar United Kingdom: https://r.maktar.com/UKMaktar USA: https://r.maktar.com/us331
CONTACT: Nancy, [email protected]
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Tetra Pharm Technologies introduces pain relieving drug in the United Kingdom

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The Danish biopharmaceutical company, Tetra Pharm Technologies, is proud to announce the launch of its pain-relieving prescription drug, XATEPA®, in the United Kingdom.
COPENHAGEN, Denmark, March 19, 2024 /PRNewswire/ — Following last year’s successful launch of XATEPA® in Germany, the cannabinoid-based product will now become available to patients in the United Kingdom during Q2 2024.

XATEPA® is a carefully formulated drug designed to provide effective relief from chronic pain as well as discomfort arising from MS spasms and nausea. The innovative sublingual spray is devised as an enabling technology to provide optimal conditions for cannabinoid uptake and efficacy.
“We are thrilled to launch XATEPA® in the United Kingdom. We believe the product has the potential to make a significant impact on the lives of many patients. Our strategy is to continuously invest in building our pipeline of new drug candidates targeting the endocannabinoid system and related disease indications. The launch of XATEPA® across multiple markets allow us to scale-up long-term research and development efforts, which will always be our primary focus”, says Martin Rose, Chief Executive Officer, Tetra Pharm Technologies.
For the distribution of XATEPA® in the United Kingdom, Tetra Pharm Technologies has entered a strategic agreement with 4C LABS Ltd. who cooperate with a wide network of clinics, doctors, and patient organizations. The agreement ensures that patients in the United Kingdom and Channel Islands can get access to XATEPA® as all doctors, physicians and clinics can prescribe the product to their patients.
“4C LABS are excited to be the exclusive distributors in the United Kingdom for the suite of Tetra Pharm Technologies’ cannabinoid-based prescription drugs. Doctors and patients across the United Kingdom have been asking for drugs that offer an easy and consistent delivery method. This is exactly what XATEPA®’s novelty formulation and measured dose per spray offers”, says James Smith, Chief Revenue Officer, 4C LABS Ltd.
Tetra Pharm Technologies is planning to introduce XATEPA® in several additional European and overseas markets in 2024.
About Tetra Pharm Technologies ApS
Tetra Pharm Technologies is a Danish biopharmaceutical company established in 2018 with a vision to be a leader in research and development of pharmaceutical drugs for the treatment of diseases related to the endocannabinoid system. For more information, please visit www.tetrapharm.eu
For further informationJacob [email protected]+45 5197 6225
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Gcore AI-powered Speech Recognition Service Sets New Speed and Scalability Standard for Broadcasters, VOD and Content Owners

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Powerful automated speech recognition service delivers cost-efficiency to content owners
LUXEMBOURG, March 19, 2024 /PRNewswire/ — Gcore, the global edge AI, cloud, network, and security solutions provider, has today announced the public availability of its powerful Gcore Artificial Intelligence Automated Speech Recognition (AI ASR). It seamlessly integrates into Gcore workflows enabling broadcasters, video on demand (VOD), live streaming, and enterprise content owners to reach new global audiences, significantly enhancing the accessibility of content for those speaking different languages or with hearing impairments.

Existing automated speech recognition (ASR) services can be slow, expensive and place a significant resource burden on content creators and owners. For broadcasters, enterprises or content owners with live news, sports events or investor relations information that must reach customers quickly, speed is essential. Traditional subtitle generation can take hours or even days if multiple languages are involved, and often results in inaccuracies.
The best ASR models, tested and in one place
Unlike other ASR services, Gcore AI ASR is a managed cloud service, supporting 100+ languages, that allows customers to focus on fast subtitle generation for their content, without the need for selecting and fine-tuning artificial intelligence (AI) models. The Gcore team rigorously assesses newly released and updated ASR models, ensuring the best option is available through the pre-configured service. The managed service team supports customers with model selection and fine-tuning them to meet specific needs.
Fast and cost-effective subtitles
Gcore AI ASR is fast and cost-effective, generating subtitles for a one-hour video in under ten minutes, with accuracy levels matching or exceeding those of humans and typically achieving a 4%–5% word error rate. Open-source ASR models for specific languages or subject domains can be selected to enhance accuracy based on the content to be subtitled. This customisation is particularly useful for industry-specific terminology, or content featuring multiple spoken languages.
Alexey Petrovskikh, Head of Streaming Platform at Gcore, comments: “Subtitles are critical to reaching global audiences with content. Gcore’s AI speech recognition service—AI ASR—gives broadcasters, content owners and enterprises a cost-effective and accurate way to reach global audiences with fresh, accessible content. It is another step in our commitment to the continuous innovation of our solutions and edge infrastructure.”
Gcore AI ASR is available now. Learn more at gcore.com/news/ai-asr-service
About Gcore  Gcore is the global edge AI, cloud, network, and security solutions provider. Headquartered in Luxembourg, with a staff of 600+ operating from ten offices worldwide, Gcore provides its solutions to global leaders in numerous industries. The company manages its own global IT infrastructure across six continents, with one of the best network performances in Europe, Africa, and LATAM, due to the average response time of 30 ms worldwide. Gcore’s network consists of 160+ points of presence around the world in reliable Tier IV and Tier III data centers, with a total capacity exceeding 110 Tbps. Learn more at gcore.com and follow them on LinkedIn, Twitter, and Facebook. 
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