According
to the new market research report by IndustryARC titled “HVAC
Sensors Market By Type (Temperature Sensors, Humidity Sensors, CO
Sensors, CO2 Sensors, Air Velocity Sensors, Pressure Sensors, Flow
Sensors, Others), By Application (Duct, Room, Cable, Wall, Immersion,
Others), By End Use (Residential, Commercial, Industrial, Automotive)
and Geography – Forecast (2018 - 2023)”,
the market will be driven by a growing emphasis on industrial
automation and growing concerns on maintaining good indoor air
quality.
Asia
Pacific Will Dominate the HVAC Sensors Market
Asia
Pacific will dominate the HVAC Sensors Market in the coming years. It
is expected to reach $ 1,068.65 million at a CAGR of 5.89 %. China is
the largest manufacturer of HVAC products across the globe. This is
due to the presence of many manufacturing industries. Growing
infrastructural developments in different industries along with
government initiatives are driving the demand for the HVAC sensors in
the country. India is the fastest growing region for HVAC sensors due
to the growth of construction activities in the infrastructural and
real estate sector. Japan is the second largest manufacturer of HVAC
systems in Asia Pacific region. In South Korea, many leading
industries have established their production facilities in the
region. This factor enhances the growth of temperature sensors in
South Korea.
Selected
Analysis Done in the Full Report:
The
commercial segment will dominate the HVAC Sensors Market in the
coming years. In 2017, this segment earned revenue of $686.09
million. It will reach $879.18 million by 2023 at a CAGR of 4.22%.
The commercial HVAC sensors can be used for larger capacity
installation with central air conditioning and ducted systems that
need various sensors to maintain the required temperature in
commercial buildings. A commercial building can be made energy
efficient with the help of HVAC sensors in the HVAC equipment along
with the heating and cooling systems. The factors responsible for the
growth of HVAC tools in the commercial segment include strict
regulations, reduction in prices, and increase in consumer spending.
Talk
to one of our sales representative about the full report by providing
your details in the link below:
Excerpts
on Market Growth Factors
- Growth of consumer electronics, automotive, and construction sectors spur the demand for the temperature control sensor. This demand is seen in developed countries due to the rise in population and increasing urbanisation.
- Rise in the consumer spending and growing urbanisation drives the growth of the HVAC sensors.
-
Increasing demand for air conditioners in passenger cars elevates the growth of the temperature sensors in the coming years.
Key
players of the HVAC Sensors Market
Johnson
Controls and Honeywell International are the dominant players in the
HVAC Sensors Market during the forecast period. Siemens AG Company is
the third largest company in the market. Johnson Controls provides
energy efficient solutions, integrated infrastructure, and
intelligent buildings. It has formed a joint venture with Hitachi
Appliances to improve the performance of their air conditioning
products. Honeywell International is an American company that
manufactures consumer and commercial products and offers different
services. Siemens AG Company is the largest engineering company in
Europe. It offers products and services in power and gas, power
generation services, energy management, and building technologies.
The
HVAC Sensors Market is Segmented as Below:
The
growth of government regulations in industrial, commercial, and
residential environments enhances the demand for the air conditioner
temperature sensor.
A.
HVAC Sensors Market By Type of Sensors
1.
Temperature Sensors
2.
Humidity Sensors
3.
Pressure Sensors
4.
Occupancy Sensors
5.
Gas and Volatile Organic Compounds Sensors
6.
Others (Air Quality)
B.
HVAC Sensors Market By Application
1.
Residential
2.
Commercial
3.
Industrial
4.
Transportation and Logistics
C.
HVAC Sensors Market Geography ( covers 17+ countries)
D.
HVAC Sensors Market Entropy
E.
Companies Citied / Interviewed
1.
JOHNSON CONTROLS, INC.
2.
SIEMENS AG
3.
TE CONNECTIVITY CORPORATION
4.
GREYSTONE ENERGY SYSTEMS INC.
5.
HONEYWELL INTERNATIONAL, INC.
6.
SENSATA TECHNOLOGIES INC.
7.
ACAL BFI
8.
SENSIRION
9.
OMRON CORPORATION
10.
EMERSON ELECTRIC CO.
11.
Company 15+
Related
Report:
-
Vibration Sensor Market
-
Optical Sensor Market
What
can you expect from the report?
The
HVAC Sensors Market Report is prepared with the main agenda to cover
the following 20 points:
1.
Market Size by Product Categories & Application 11. Demand
Analysis (Revenue & Volume)
2.
Market trends & Relevant Market Data 12. Country level
Analysis
3.
Manufacturer Landscape 13. Competitor Analysis
4.
Distributor Landscape 14. Market Shares Analysis
5.
Pricing Analysis 15. Value Chain Analysis
6.
Top 10 End user Analysis 16. Supply Chain Analysis
7.
Product Benchmarking 17. Strategic Analysis
8.
Product Developments 18. Current & Future Market
Landscape Analysis
9.
Mergers & Acquisition Analysis 19. Opportunity Analysis
10.
Patent Analysis 20. Revenue and Volume Analysis
Frequently
Asked Questions:
Q.
Does IndustryARC publish country or application based reports in HVAC
Sensors segment?
Response:
Yes, we do have separate reports as mentioned below:
1. HVAC Sensors Market (2018-2023)
2. Residential HVAC Sensors Market
(2018-2023)
3. Commercial HVAC Sensors Market
(2018-2023)
4. Industrial HVAC Sensors Market
(2018-2023)
5. Transportation and Logistics HVAC
Sensors Market (2018-2023)
6. Temperature HVAC Sensors Market
(2018-2023)
7. Humidity HVAC Sensors Market
(2018-2023)
8. Pressure HVAC Sensors Market
(2018-2023)
9. Occupancy HVAC Sensors Market
(2018-2023)
Q.
Does IndustryARC provide customized reports and charge additionally
for limited customization?
Response:
Yes, we can customize the report by extracting data from our database
of reports and annual subscription databases. We can provide the
following free customization:
1.
Increase the level of data in application or end user industry.
2.
Increase the number of countries in geography chapter.
3.
Find out market shares for other smaller companies or companies which
are of interest to you.
4.
Company profiles can be requested based on your interest.
5.
Patent analysis, pricing, product analysis, product benchmarking,
value and supply chain analysis can be requested for a country or end
use segment.
Any
other custom requirements can be discussed with our team, drop an
e-mail to sales@industryarc.com
to discuss more about our consulting services.
To
request for a proposal, provide your details in the below link:
About
IndustryARC:
IndustryARC is a
Research and Consulting Firm that publishes more than 500 reports
annually, in various industries such as Agriculture, Automotive,
Automation & Instrumentation, Chemicals and Materials, Energy and
Power, Electronics, Food & Beverages, Information Technology,
Life sciences &Healthcare.
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