Non-Residential HVAC Controls Market in Europe to Reach $1.22 Billion by 2015, According to New Report by Global Industry Analysts
GIA announces the release of a comprehensive report on Non-Residential HVAC Controls market. Growth in the non-residential HVAC controls market will be tempered by a soft economy, flagging construction and housing industries, and worsening financial markets. Latent demand drivers that are expected to positively nudge the European non-residential HVAC controls market to reach $1.22 billion by 2015 include favorable regulations and programs to reduce emissions of greenhouse gases.
San Jose, CA (PRWEB) June 25, 2009 -- Heating, Ventilation, and Air Conditioning (HVAC) controls represents the largest dominating segment of the building controls market, comprising of pre-programmed (programmable & configurable), and stand-alone devices. The HVAC controls market in Europe is traditionally driven by the emphasis on optimum energy management, and the resultant push towards building automation. New web-enabled technologies, facilitating communication and transparency between various enterprise departments, via web-services, will continue gaining a strong foothold in the market, and will help in drastically changing the landscape of building automation. The world market will receive the strongest growth impetus from new construction projects underway in developing markets of Middle East, Latin America and Asia, particularly, India, China, and Vietnam. This is primarily because opportunities for installation of advanced building management and HVAC concepts are more pronounced in new constructions than in comparison with building renovations.
New and stringent regulations pertaining to energy efficient buildings also wield the potential to influence market fortunes. Raging need to 'Go Green', followed by technological advancements, such as, emergence of web enabled control systems, and establishment of the LonWorks® and BACnet™ protocols, will drive future growth in the European countries. Emergence of the system houses distribution concept, rising investments in public sectors, and also the upcoming Olympics 2012 event in the United Kingdom will result in a series of new constructions and renovations, which in turn will help boost the overall European HVAC controls market further. Presently however, the HVAC controls market in Europe continues to be challenged by the deteriorating economic conditions, plummeting declines in new constructions, rising raw material costs, lack of skilled labor and unsatisfactory after sales service.
In view of the ongoing economic crisis across the globe, growth in the European market is expected to pace down during the period 2009-2011. Western European countries are expected to receive the hardest blow while Eastern European countries will be relatively cushioned against the slowdown. Construction scenario in Eastern European countries showcases a stabilized picture, and promises a quick rebound in terms of renovations, constructions, and refurbishments. Demand for various automation technologies and controlling systems, capable of being installed in the existing buildings with slight renovation, and technologies involving lower initial and operating costs, are expected to rise in the upcoming years, thus pushing growth down the line.
Key players dominating the European Non-Residential HVAC Controls market include ABB Group, Belimo Automation AG, Carrier Corporation, Automated Logic Corporation, Danfoss A/S, Delta Controls Inc, Delta Dore, Honeywell International Inc, Invensys Controls, Johnson Controls Inc, Kieback & Peter Gmbh & Co. KG, Priva B.V, Sauter, Schneider Electric SA, TAC AB, Siemens Building Technologies Inc, Trane Inc, and Trend Controls Ltd., among others.
The report titled "Non-Residential HVAC Controls: A European Market Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, regulatory environment, product overview, key market trends, product introductions/innovations, profiles of major players, and recent industry activity. The report quantifies latent demand patterns across geographic market verticals, such as, France, Germany, Italy, UK, Spain, and Rest of Europe. Product markets analyzed in terms of value sales include - Programmable Logic Controllers (PLC) & Selectable HVAC Controls, and Stand-Alone HVAC Controls.
For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Non_Residential_Heat_Ventilation_and_Air_Conditioning_HVAC_Controls_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press (at) StrategyR (dot) com
Web Site http://www.StrategyR.com/
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