The HVAC controls market exceeded $10 billion in 2006 and is forecasted to continue growing at a compounded annual growth rate of nearly 4% over the next five years, hitting $13 billion in 2011. One of the key factors contributing to the growth is the drive to upgrade and efficiently operate the aging facilities in the mature markets of North America and Europe. In response to increasing interest in this market, ARC Advisory Group, Dedham, Mass., conducted a study to validate the trends and drivers affecting this market. Although the HVAC controls market is stable, it is nonetheless undergoing some significant changes, as ARC'S research identified. This article highlights findings in the report concerning manufacturers and buying preferences of owners that are of interest to the engineering community.
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