According to research, the HVAC sensors and controllers market is expected to grow at a market value of nearly $10.7 Billion by 2026, at approximately 7.1% CAGR. Heating Ventilating and Air Conditioning (HAVC) systems are usually used for reducing the energy consumed. This system has sensing devices that help to compare the actual state like temperature with a target state. The HVAC sensors are playing a vital role in sensors market used in recent period as it compares the temperature of a system within the room temperature or building and this sensor help to adjust the temperature and maintain the preferred temperature. Additionally, HVAC sensors also handle the regulating and monitoring of different activities like pressure, air temperature, and quality in end-users such as residential and commercial buildings. Moreover, HVAC sensors are usually utilized due to rising awareness regarding energy consumed, leading to the development of energy and its efficiency. However, governments are mainly focused on reducing the energy consumed in buildings which can be improved by HVAC controls.
Increasing non-residential businesses is likely to boost the HVAC sensors & controllers market as these businesses face issues to maintain indoor air quality. Furthermore, the indoor air quality can be maintained by HVAC sensors and controllers. The global HVAC sensors and controllers are projected to rise in response in the market due to rise in demand and requirement of HVAC sensors when several businesses generally switch from mechanical into electrical systems. Therefore, offers opportunities to the players, and significantly support the development of the market. However, the market is likely to grow from the execution of the Internet of Things (IoT) technology.
The market research study on “HVAC Sensors And Controllers Market (Sensors: Temperature sensors, Pressure sensors, Occupancy sensors, Humidity sensors, Gas & volatile organic compounds sensors; Controllers: Temperature Controllers, Humidity Controllers, Enthalpy Controllers, Universal Controllers; Application: Commercial, Industrial, Residential, Transportation & logistics) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers a detailed insights on the global HVAC sensors and controllers market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global HVAC sensors and controllers market, its type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global HVAC sensors and controllers market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The HVAC sensors and controllers market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa followed by major countries. Rising population, a revival in the hosuing markets, increasing income level, growing industrial base and the development of renewable energy resources and reliable are some of the factors boosting the market growth of the HVAC sensors and controllers in Asia-Pacific region. Moreover, during forecast period Asia Pacific is anticipated to be the fastest growing region in the HVAC sensors & controllers market.The players profiled in the report Honeywell International Inc., Siemens AG, Johnson Controls, Sensata Technologies Inc., Sensirion AG, Emerson Electric, Schneider Electric, Greystone Energy Systems Inc., United Technologies Corporation and Infineon Technologies AG among others.
The global HVAC sensors and controllers market is segmented as below:
Market By Sensors
Market By Controllers
Market By Application
Market By Geography