Global Rooftop Unit Control Market: Snapshot
Rooftop unit control finds application in various industrial as well as commercial sectors. These devices are widely used in rooftop HVAC (heating, ventilation and air conditioning) systems. Key reason attributed to this increased use is the ability of rooftop unit control systems to decrease the energy consumption of rooftop units as well as to advance the control on components. Thus, this increased demand is one of the key reasons due to which the global rooftop unit control market is expected to gather prodigious revenues during the forecast period of 2020 to 2030.
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The segmentation of the global rooftop unit control market is performed based on monitoring access, rooftop unit capacity, installation, application, and region.
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Global Rooftop Unit Control Market: Growth Dynamics
In recent period, several vendors working in the global rooftop unit control market are experiencing noteworthy demand avenues. Key reason for this growth is increased use of rooftop unit controls in supermarkets and hypermarkets, industrial sector, restaurants, retail stores, shopping malls, workspaces, and other commercial applications.
There is remarkable improvement in the overall lifespan of rooftop units without rooftop control units. As a result, enterprises from the global rooftop unit control market are experiencing substantial demand opportunities in retrofit installation segment. Depending on rooftop unit capacity, the products in the market for rooftop unit control are categorized into <10 tons, 10-25 tons, 25-50 tons, and above 50 tons.
Global Rooftop Unit Control Market: Competitive Analysis
The nature of the global rooftop unit control market is reasonably fragmented. The market experiences presence of numerous international players, which makes the competitive landscape of the market for rooftop unit control intense. Companies in this market are focused on strengthening their production capabilities. This aside, several companies in the market for rooftop unit control are launching advanced products. Increased number of partnerships and collaborations illustrate that the global rooftop unit control market is expanding at rapid pace.
The list of key players in the global rooftop unit control market includes:
- Johnson Controls
- DEOS Controls Americas Inc.
- CAREL INDUSTRIES S.p.A.
- Daikin Airconditioning India Pvt. Ltd.
- Price Industries
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Global Rooftop Unit Control Market: Regional Assessment
Western Europe, Eastern Europe, North America, Asia Pacific excluding Japan, Latin America, Japan, and Middle East and Africa are some of the key regions of the global rooftop unit control market. Among all regions, Western Europe and Eastern Europe are expected to offer lucrative avenues for vendors working in the market for rooftop unit control. Presence of huge number of commercial buildings and various industrial sectors will push the demand for rooftop unit control in these regions.
The rooftop unit control market is foreseen to gain prominent expansion opportunities in Asia Pacific excluding Japan. Growing number of construction activities in emerging economies including China and India is one of the important factors stimulating demand avenues for rooftop unit control market in the years ahead.
Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.