HVAC Sensors And Controllers Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC427

Introduction

HVAC sensors and controllers help in regulating the operation of heating or air conditioning. A sensing device (sensor) is used for comparing actual temperature with targeted one and the control system facilitates to maintain the temperature by taking necessary action. These systems operate as intelligent components of HVAC (heating, ventilation and air conditioning) systems.

Market Dynamics

The surging demand for HVAC sensors & controllers in automotive industry along with the rising non-residential construction business, globally, is intensely propelling the market growth for HVAC sensors & controllers. Several other factors responsible for bolstering market growth include rising demand for advanced energy-efficient devices and low impact on environment with the use of these controls, increasing number of construction activities, growth in use of IP technology, and increased energy management initiatives and legislations.

Additionally, benefits such as redemption in the tax payable offered by government for the implementation of HVAC sensors & controllers and high level of productivity are the factors supporting the market growth of HVAC sensors & controllers. The stringent government regulations worldwide are encouraging the use of renewable energy sources and development of “green buildings” resulting in bolstering the growth of HVAC sensors & controllers market. Further, to achieve this objective the chief players operating in the market are highly investing in research and development activities to build energy-efficient traditional systems.

Market Classification and Overview

The market for HVAC sensors & controllers is segmented by sensors, controllers, applications and geography. On the basis of sensors, the market is bifurcated into temperature sensors, pressure sensors, occupancy sensors, humidity sensors and gas & volatile organic compounds sensors. By controller, the market is segmented into temperature controllers, humidity controllers, enthalpy controllers and universal controllers. The application segment is classified into commercial, industrial, residential and transportation & logistics market. The geographical segment includes North America, Asia-Pacific, Latin America, Europe and Middle East & Africa (MEA). The market for residential and commercial buildings is expected to grow at a higher pace owing to the increased preference of building owners for implementation of HVAC systems with an aim to reduce power consumption and reduction in costs by increasing energy efficiency. Also, for residential buildings, the government has set several regulations that encourage implementation of these systems in many countries.

The continuous progress of Internet of Things is leading to the transformation of HVAC industry and offers a potential growth opportunity to the HVAC sensor & controller manufacturers across the world. These systems in a commercial building are already connected to building automation systems but Internet of Things facilitates more open connectivity and communication among all these devices and systems in a building. However, lack of awareness about the benefits delivered by HVAC sensors and controlling systems such as cost-savings and eco-friendliness; and shift from wire to wireless networks are the factors hampering the growth of market.

Regional Overview

Asia-Pacific dominates the market for HVAC sensors and controllers and is expected to maintain its position through the forecast years. The increasing demand in Asia-Pacific is attributed to the rising population in the region and increasing income of the population, which results in increasing spending capacity. Increasing urbanization is leading to rise in the construction activities which is yet another factor driving the growth in Asia-Pacific region.

Report Coverage

Market

Global HVAC Sensors And Controllers Market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year

2016

Forecast Data

2017 – 2024

Market Stratification

Sensors, Controllers, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

 

Market Participants

Some of the key industry players operating in the market for HVAC sensors and controllers includes 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.

Market Segmentation

Market By Sensors

·         Temperature sensors

·         Pressure sensors

·         Occupancy sensors

·         Humidity sensors

·         Gas & volatile organic compounds sensors

Market By Controllers

·         Temperature controllers

·         Humidity controllers

·         Enthalpy controllers

·         Universal controllers

Market By Application

·         Commercial

·         Industrial

·         Residential

·         Transportation & logistics

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA

Cart Summary

Want to find out more about this Report?

Special Pricing & Discounts