Global HVAC Sensors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global HVAC Sensors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Heating, Ventilating and Air Conditioning (HVAC for short) Sensors are devices/modules or subsystems which have the purpose of measuring and detecting changes in conditions of airflow, temperature, air pressure and humidity etc. Building owners as well as vehicle owners sought these technologies to minimize energy costs and satisfy the minimum legal requirement. Every building requires a HVAC system, which consists of these sensors being used together for indoor, outdoor or vehicular environmental comfort.

Market Overview:

The latest research study on the global HVAC Sensors market finds that the global HVAC Sensors market reached a value of USD 2615.25 million in 2022. It’s expected that the market will achieve USD 3538.86 million by 2028, exhibiting a CAGR of 5.17% during the forecast period.

Strength

Smart homes are growing rapidly, demand for HAVC sensors is increasing, and the Internet of Things is constantly evolving.

Weakness

Most smart homes are expensive and can be difficult to sell.

Opportunity

The 5G network is rapidly deploying, and the Internet of Things will also develop rapidly at this stage, and the demand for various types of household sensors will increase dramatically.

Region Overview:

Asia Pacific is projected to account for a considerable share of the HVAC Sensors market and is expected to become the largest region by 2028.

Company Overview:

Johnson Controls is one of the major players operating in the HVAC Sensors market, holding a share of 12.61% in 2023.

Johnson Controls

Johnson Controls is a global diversified technology and multi industrial leader serving a wide range of customers in more than 150 countries. Their commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. They are committed to helping our customers win and creating greater value for all of our stakeholders through strategic focus on their buildings and energy growth platforms.

Schneider Electric

Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries.
With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. They provide integrated efficiency solutions, combining energy, automation and software.

Segmentation Overview:

By type, Temperature Sensors segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global HVAC Sensors market covered in Chapter 3:

Sensirion
Johnson Controls
E+E Elektronik
Ingersoll Rand
Siemens
United Technologies Corporation
First Sensor
Schneider Electric
Emerson Electric
Calectro
Greystone Energy Systems
Honeywell International
Sensata Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the HVAC Sensors market from 2018 to 2029 is primarily split into:

Temperature Sensors
Humidity Sensors
Flow/Pressure Sensors
Air Quality Sensors
Occupancy Sensors
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the HVAC Sensors market from 2018 to 2029 covers:

Commercial
Residential
Industrial
Transportation & Logistics

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)