Honeywell International Inc. has collaborated with DunAn Environment Co., Ltd. to facilitate the adoption of the non-flammable, low-GWP refrigerant Solstice N41 for the HVAC industry. Solstice N14 is a substitution for R-410A in static air conditioning systems, with global warming mitigation at almost 65%.
Lennox International Inc. introduced the Lennox S40 Smart Thermostat and accessories, along with the Lennox Smart Air Quality Monitor and the Lennox Smart Room Sensor, to its industry-leading portfolio of smart devices.
Author Credits: Rushikesh, Richa Gupta
Report ID: 3477
Published Date: Aug 21, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing ratio of smart homes throughout the world and the globally rising construction of residential buildings are the major factors driving the growth of the market.
The market size of HVAC Controls is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Honeywell International Inc., Siemens AG, Carrier Global Corporation, Emerson Electric Co., Lennox International Inc., Delta Controls Inc., Johnson Controls International plc, Danfoss A/S.
The temperature & humidity control segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.