The Automatic Environmental Control Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Automatic Environmental Control Global Market Report 2024, The automatic environmental control market size has grown strongly in recent years. It will grow from $17.57 billion in 2023 to $18.72 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to industrialization and urbanization, energy efficiency concerns, regulatory standards, comfort and convenience, advances in sensor technology.
The automatic environmental control market size is expected to see strong growth in the next few years. It will grow to $23.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to climate change mitigation, smart buildings and iot, health and wellness focus, energy management, building renovations and retrofits. Major trends in the forecast period include building energy management, artificial intelligence and machine learning, occupancy and behavior sensing, energy storage integration, user-centric design.
Rapid growth in manufacturing industries is a key factor driving the growth of the automatic environmental control market. In the Indian economy, industrial manufacturing is the major growing sector with diverse companies engaged in the manufacturing of machinery and equipment, building and construction materials, rubber and plastic products, electrical and mechanical products, cement, and automation technology products. Growth in manufacturing outputs in China and Brazil will be the highest in the next five years. The countries will grow at an annual growth rate of 7.1% and 5.0%, respectively. Therefore, the growth in manufacturing industries is expected to increase the growth of the automatic environmental control market.
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The automatic environmental control market covered in this report is segmented –
1) By Type: Heating Equipment; Refrigeration Equipment; Air Conditioning Equipment
2) By Product Type: Environmental Monitors; Environmental Monitoring Sensors; Wearable Environmental Monitors
3) By Application: Residential; Commercial; Industrial
The automatic environmental control market report table of contents includes:
1. Executive Summary
2. Automatic Environmental Control Market Characteristics
3. Automatic Environmental Control Market Trends And Strategies
4. Automatic Environmental Control Market – Macro Economic Scenario
5. Global Automatic Environmental Control Market Size and Growth
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31. Global Automatic Environmental Control Market Competitive Benchmarking
32. Global Automatic Environmental Control Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automatic Environmental Control Market
34. Automatic Environmental Control Market Future Outlook and Potential Analysis
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