About Heating Controller
The heating controller enables easy regulations of temperature, it is widely used for residential, commercial, and industrial applications. The controllers automatically turn s the eating on or off based on the settings done by the user. They are also called a PID controller, its takes inputs from the temperature sensor that is connected to the elements like heater or fan and sets the heating temperatures according to the requirement.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Heating Controller market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Heating Controller Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Heating Controller market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens AG (Germany), Honeywell International Inc. (United States), Sigmatek (Austria), ABB (Switzerland), VERMES Microdispensing GmbH (Germany), Sauter AG (Switzerland), Omron Corporation (Japan), SIMEX (Poland), Watlow Electric Manufacturing Co. (United States) and Heat Controller, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Chromalox (United States), Delta Electronics, Inc. (Taiwan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Heating Controller market by Type (General and Compact), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of Heating Controller has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Room Thermostat will boost the Heating Controller market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Heating Controller market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Display, the sub-segment i.e. Digital will boost the Heating Controller market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of IoT in Heating Controller and Increasing Use of Smart Thermostatic Heating Controllers
Market Growth Drivers:
The Growing Advancement in Building Automation Technology and The Demand for the Effective Temperature Controling Technology
Challenges:
Installation Related Issues with Heating Controller
Restraints:
Prevailing COVID-19 is Hindering the Heating Controller Market and High Cost Associated with Heating Controller
Opportunities:
Growing Demand for Heating Controllers for Residential Purpose From the Developing Economies
Market Leaders and their expansionary development strategies
In July 2023, Automated Logic Contracting Services Inc. (Automated Logic Corporation), a leading provider of innovative building management solutions, has completed its acquisition of Standard Plumbing Heating Controls (SPHC), an independent Automated Logic Dealer located in Spokane, Washington. Automated Logic is a part of Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions.
In March 2020, ABB has announced that it has agreed to acquire Cylon Controls Ltd. (Cylon). The acquisition enhances the ABB Electrification business’ position in the commercial buildings segment. The acquisition will further enhance the company's portfolio of solutions for the commercial buildings segment, with a particular focus on delivering new innovations in energy-optimization and comfort.
Key Target Audience
Heating Controller Manufacturers, Heating Controller International Traders, Heating Controller Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.