Global HVAC Test Instruments Market 2024-2028
The HVAC test instruments market is forecasted to grow by USD 192.64 mn during 2023-2028, accelerating at a CAGR of 6.39% during the forecast period. The report on the HVAC test instruments market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for HVAC systems, growing concerns toward improving IAQ in residential and commercial buildings, and regulations to limit energy consumption by HVAC systems.
Technavio's HVAC test instruments market is segmented as below:
By Application
- Airflow and quality
- Temperature and humidity
- Electrical
- Others
By Product Type
- Dye injector kit
- Refrigerant measuring and monitoring
- Gauges
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the growing popularity of wireless HVAC test instruments as one of the prime reasons driving the HVAC test instruments market growth during the next few years. Also, increasing popularity of smart HVAC systems and shift of HVAC systems toward adoption of low GWP refrigerants will lead to sizable demand in the market.
The report on the HVAC test instruments market covers the following areas:
- HVAC test instruments market sizing
- HVAC test instruments market forecast
- HVAC test instruments market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading HVAC test instruments market vendors that include Daikin Industries Ltd., Dwyer Instruments LLC, Emerson Electric Co., Fieldpiece Instruments Inc., Fluke Corp., Kane International Ltd., Kanomax USA Inc., Klein Tools Inc., Legend Corp. Ltd., Mastercool Inc., PCE Holding GmbH, Ritchie Engineering Inc., Robert Bosch GmbH, Sauermann Group, TASI Group, TENMARS Electronics Co. Ltd., Testo SE and Co. KGaA, VTech Process Equipment LLC, and W.W. Grainger Inc.. Also, the HVAC test instruments market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.