HVAC Controls Market Revenue $26.7 billion by 2027

The HVAC controls market size is estimated to be USD 17.2 billion in 2022 and is projected to reach USD 26.7 billion by 2027; it is expected to grow at a CAGR of 9.2% from 2022 to 2027.The growth of this market can be attributed to the boom in the construction sector, the increased adoption of HVAC controls, benefits offered by IoT-enabled HVAC systems, and rising demand for energy-efficient HVAC systems in buildings and building automation systems (BAS).