Overview and Scope
Automatic environmental control refers to devices used as automatic controls and regulators for applications, such as heating, air-conditioning, refrigeration, and appliances.
Sizing and Forecast
The automatic environmental control market size has grown strongly in recent years. It will grow from <b>$17.57 billion in 2023 to $18.72 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. </b> 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 <b>$23.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. </b> 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.
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Segmentation & Regional Insights
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 <b>Asia-Pacific</b> was the largest region in the automatic environmental control market in 2023. <b>North America</b> is the second-largest region in the automatic environmental control market. The regions covered in the automatic environmental control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the automatic environmental control market include <b>Johnson Controls Inc., Schneider Electric, United Technologies Corporation, Honeywell International Inc., Ingersoll Rand, Siemens AG, Emerson Electric Co., Agilent Technologies, Danaher, Thermo Fisher Scientific Inc, Shimadzu Corporation, PerkinElmer, 3M company, bioMérieux S.A., Merck KGaA, Forbes Marshall, Carrier Corporation, Daikin Industries Ltd., LG Electronics Inc., Mitsubishi Electric Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd., Sharp Corporation, Toshiba Corporation, Trane Inc., York International Corporation, ABB Ltd., Eaton Corporation, General Electric Company, Rockwell Automation Inc. </b>
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 analysis
5.Automatic Environmental Control Market Size And Growth
6.Automatic Environmental Control Segmentation
7.Automatic Environmental Control Regional And Country Analysis
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27.Automatic Environmental Control Competitive Landscape And Company Profiles
28.Automatic Environmental Control Key Mergers And Acquisitions
29.Automatic Environmental Control Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Johnson Controls Inc.
- Schneider Electric
- United Technologies Corporation
- Honeywell International Inc.
- Ingersoll Rand
- Siemens AG
- Emerson Electric Co.
- Agilent Technologies
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