Market Overview:
The global HVAC sensors and controllers market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for energy-efficient buildings and rising awareness about the benefits of using HVAC sensors and controllers. Based on type, the global HVAC sensors and controllers market can be segmented into sensors and controllers. The controller segment is expected to account for a larger share of the market in 2018 owing to its ability to control various functions of an HVAC system. Based on application, the global HVAC sensors and controllers market can be divided into commercial, residential, industrial, transportation & logistics, and other applications. The commercial sector is expected to account for a major share of this market in 2018 due to increasing demand from offices and retail establishments.
Product Definition:
HVAC Sensors & controllers are important for regulating and managing the temperature, airflow, and humidity within a building. They work together to ensure that the climate is comfortable for occupants and that energy usage is minimized.
Sensors:
Sensors and controllers are used in HVAC systems to regulate the temperature. The growth factor that propels the market is automation, energy efficiency, and cost-effectiveness. Automation: Sensors help in automatic control of processes; for instance, a sensor attached to an air valve would close when the room temperature rises above a certain level.
Controllers:
Controllers and it's usage in HVAC sensors & controllers market is used to control the temperature of a building. It helps in maintaining the indoor climate by regulating air flow within the buildings. The product also provides energy-efficient solutions for heating, ventilation, and air conditioning (HVAC) systems which are expected to drive market growth over the forecast period.
Application Insights:
The market is segmented by application into commercial, residential, industrial and transportation & logistics. The commercial sector accounted for the largest share in 2017 owing to the growing construction of shopping malls and complexes in emerging economies such as India, China and Brazil. This has led to an increase in demand for HVAC sensors that can maintain optimal temperature within a building complex. Furthermore, technological advancements such as the incorporation of smart features on controllers are expected to drive their demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of industry players and increased adoption of automation. The region is expected to maintain its dominance over the forecast period due to technological advancements, growing penetration of smart devices, and increasing demand for energy-efficient systems.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rapid urbanization resulting in an increase in construction activities. Furthermore, rising disposable income levels are likely boost product sales across this region.
Growth Factors:
- Increasing demand for energy-efficient buildings: The global market for HVAC sensors and controllers is expected to grow at a CAGR of 6.5% from 2016 to 2021. One of the key drivers for this market is the increasing demand for energy-efficient buildings, as governments and organizations are increasingly emphasizing on reducing greenhouse gas emissions.
- Growing popularity of smart homes: The growing popularity of smart homes is also contributing to the growth of the HVAC sensors and controllers market. Smart homes are equipped with advanced features such as home automation, which enables users to control various devices in their home using a single interface or app. This has led to an increase in the demand for HVAC sensors and controllers, as they form an integral part of home automation systems.
- Rising awareness about indoor air quality: Another key driver for this market is rising awareness about indoor air quality (IAQ). Poor IAQ can lead to a number of health problems, such as asthma, allergies, respiratory problems, etc., which has led many consumers towards investing in HVAC sensors and controllers that help improve IAQ indoors..
Scope Of The Report
Report Attributes
Report Details
Report Title
HVAC Sensors & Controllers Market Research Report
By Type
Sensors, Controllers
By Application
Commercial, Residential, Industrial, Transportation & Logistics
By Companies
Honeywell, Emerson, Siemens, Schneider Electric, Johnson Controls, UTC, Sensata Technologies, Greystone Energy Systems, Sensirion, Infineon Technologies, Honeywell
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global HVAC Sensors & Controllers Market Report Segments:
The global HVAC Sensors & Controllers market is segmented on the basis of:
Types
Sensors, Controllers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential, Industrial, Transportation & Logistics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- Emerson
- Siemens
- Schneider Electric
- Johnson Controls
- UTC
- Sensata Technologies
- Greystone Energy Systems
- Sensirion
- Infineon Technologies
- Honeywell
Highlights of The HVAC Sensors & Controllers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sensors
- Controllers
- By Application:
- Commercial
- Residential
- Industrial
- Transportation & Logistics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the HVAC Sensors & Controllers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
HVAC sensors and controllers are devices that measure the temperature, humidity, air flow, and other environmental conditions in a building. They send this information to a computer or controller for processing. This allows the system to maintain an appropriate environment for people and equipment.
Some of the key players operating in the hvac sensors & controllers market are Honeywell, Emerson, Siemens, Schneider Electric, Johnson Controls, UTC, Sensata Technologies, Greystone Energy Systems, Sensirion, Infineon Technologies, Honeywell.
The hvac sensors & controllers market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HVAC Sensors & Controllers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 HVAC Sensors & Controllers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HVAC Sensors & Controllers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the HVAC Sensors & Controllers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global HVAC Sensors & Controllers Market Size & Forecast, 2020-2028
4.5.1 HVAC Sensors & Controllers Market Size and Y-o-Y Growth
4.5.2 HVAC Sensors & Controllers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sensors
5.2.2 Controllers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.2.3 Industrial
6.2.4 Transportation & Logistics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HVAC Sensors & Controllers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 HVAC Sensors & Controllers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sensors
9.6.2 Controllers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.10.3 Industrial
9.10.4 Transportation & Logistics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sensors
10.6.2 Controllers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.10.3 Industrial
10.10.4 Transportation & Logistics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sensors
11.6.2 Controllers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.10.3 Industrial
11.10.4 Transportation & Logistics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sensors
12.6.2 Controllers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.10.3 Industrial
12.10.4 Transportation & Logistics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sensors
13.6.2 Controllers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.10.3 Industrial
13.10.4 Transportation & Logistics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 HVAC Sensors & Controllers Market: Competitive Dashboard
14.2 Global HVAC Sensors & Controllers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Emerson
14.3.3 Siemens
14.3.4 Schneider Electric
14.3.5 Johnson Controls
14.3.6 UTC
14.3.7 Sensata Technologies
14.3.8 Greystone Energy Systems
14.3.9 Sensirion
14.3.10 Infineon Technologies
14.3.11 Honeywell
