The HVAC software market is poised for a remarkable triumph, with projections indicating substantial growth to reach US$ 1.5 Billion by the year 2032. This impressive surge is propelled by a robust CAGR of 7.9%
As the demand for efficient heating, ventilation, and air conditioning systems continues to rise, the HVAC Software Market is at the forefront of this transformative industry. With advancements in technology, software solutions tailored to the HVAC sector are becoming increasingly indispensable, providing businesses and consumers with innovative tools to optimize energy consumption, reduce costs, and enhance overall comfort. This sector’s promising trajectory underscores the critical role that HVAC software plays in shaping the future of climate control systems.
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COVID-19 Pandemic Affecting the Market with Digitization Becoming the Need of the Hour:
The reduction in demand and supply-side shortages in the HVAC systems market, as well as the labor shortage of skilled technicians, adversely affected the market. However, the optimization of existing labor is the emerging need of the hour, with companies turning to the utilization of HVAC software to meet it. Enterprises also benefit from the fact that HVAC software facilitates the collaboration of different professionals through easy access to varied data.
The US to Command the Larger Proportion of demand for HVAC Software throughout the Analysis Period:
The US, which accounted for over 36% of the global HVAC Software Market in 2021 is expected to continue being a key player. This is due to the growing demand for HVAC systems after the popularity of smart and sustainable technology. The market in the U.S. is estimated to account for a US$ 272.9 Million absolute dollar opportunity between 2022 and 2032, with a CAGR of 7.7% during the forecast period.
A key component of demand is that HVAC software helps enterprises get the best possible results from technicians:
HVAC software can help assign the best possible technician for a job, taking into account various factors such as geographic location, skill level, review history, and distance from the consumer. It also ensures that enterprises can monitor technicians efficiently.
HVAC Software Market: Competition Insights
Competitive Landscape:
At present, HVAC providers are focusing on increasing their presence and reach while developing new technologies. They are focusing on developments that will ensure further optimization of performance to increase usage in downstream applications.
Leading Key Players:
- Daikin
- Johnson Controls
- LG Electronics
- Carrier
- Trane Technologies
- Emerson
- Honeywell
- Mitsubishi Electric
- Samsung
- Nortek
- Codefied Inc.
- Dataforma Inc.
- Fergus Software Limited
- FieldEdge
- GorillaDesk
- ServiceTitan
- Housecall Pro
- MHelpDesk
- Synchroteam
- SimPRO
- Work Wave LLC
- Verizon Connect
- Jobber Software
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Some of the recent developments in HVAC Software are as follows:
- In April 2022, Daikin Comfort Technologies North America Inc. (Daikin) and XOi Technologies collaborated to provide an AR and AI curb-to-curb field services solution to improve efficiency and bottom line using XOi software and automating the workflow.
- In January 2022, Energy Design Systems launched EDS, which is a suite of solutions and services that can be used for load calculations and home energy audits.
- In December 2021, Motili announced an integration with Yardi. This integration will mean Motili will take advantage of Yardi Voyager’s web-based HVAC software solution with mobile access, integrated end-to-end capabilities, and the capacity for management of larger portfolios that will automate workflow, increase transparency, and optimize the services provided.
More Insights Available:
Future Market Insights, in its new offering, presents an unbiased analysis of the HVAC Software Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in the HVAC Software Market in terms of Deployment (Cloud-based Deployment, On-Premise Deployment), Industry (Large enterprises, Small and Medium enterprises), across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
HVAC Software Market Segmentation:
By Deployment:
- Cloud-Based HVAC Software
- Web-based HVAC Software
By Enterprise Size:
- Large Enterprises
- Small and Medium Enterprises
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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