HVAC Sensors Market

Global HVAC Sensors Market Size (2024 to 2029)

As per our analysis report, the global HVAC Sensors Market is expected to reach USD 4.38 billion by 2029 from USD 3.40 billion in 2024, growing at a compound annual growth rate (CAGR) of  5.2% during the forecast timeline.

Current Scenario of the Global HVAC Scenario Market

The most common sort of HVAC sensor is used to differentiate between input and building or room temperatures, assisting in maintaining the appropriate temperature and adjusting the needed temperature.

HVAC systems are commonly utilized to manage, maintain, and thereby lower energy use. An audio device that replicates a genuine condition, such as temperature and target world, is included in the frequency. HVAC sensors can manage, regulate, and monitor many tasks for end-users such as industrial, residential, and commercial buildings, such as air pressure, temperature, and quality. As a result of the requirement to save energy, HVAC sensors are becoming increasingly popular. Even government organizations are interested in how HVAC sensors might change the energy utilized in industrial and commercial facilities. HVAC sensors are primarily used in ducts, chambers, cables, walls, immersions, and other applications that will be important in the future.

MARKET DRIVERS

In growing economies such as APAC, MEA, and SAM, the construction sector is booming, with significant investment in commercial buildings as well as infrastructural and institutional projects such as railway stations, bus stations, airports, and educational institutions. The fast rise of the building industry can be linked to an increasingly urban population desiring a higher standard of life. Furthermore, the increased commercial construction of retail malls, leisure centers, movie halls, and office buildings is increasing the installation of HVAC systems.

Furthermore, several of these economies intend to improve their industrial sectors by providing a favorable business climate for international investors as well as assistance to domestic industries. Government programs to assist industrialization include Made in China 2025, Make in India, the Saudi Arabia National Industrial Development & Logistics Program, and the UAE Strategy for the Fourth Industrial Revolution which drives the market to grow in the future.

MARKET RESTRAINTS

Because of the high costs connected with establishing the systems, the number of HVAC systems being implemented in industrialized nations is rapidly growing. Furthermore, a lack of awareness about HVAC standards limits the growth of the HVAC sensors market during the forecast period. Many HVAC businesses operate on an ad hoc, centralized basis, limiting their capacity to adapt to a modern digital system capable of serving consumers on a larger scale.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global HVAC Sensors Market By Type

Compressors, boilers, coolers, heat recovery systems, burner control, and variable air volume systems all require pressure sensors. They monitor rooms and filters for pressure decreases that may signal that the system requires repair. Pressure monitoring is also important for improving airflow, heating, and cooling.

Global HVAC Sensors Market By End Users

HVAC sensors are widely used by end users in industrial and commercial settings where the demand for HVAC sensors is greater.

REGIONAL ANALYSIS

The Asia-Pacific HVAC sensors market is dominant and will account for the highest share over the projected period.

South Asian nations provide significant assistance to the HVAC Sensor industry. The market for HVAC sensors is increasing in nations such as India and China due to increasing populations, rising consumer spending, and diverse climatic conditions. Southeast Asia is predicted to reach 295 million units of consumption by 2040.

North America is expected to have a sizable share of the HVAC sensors market. According to the US Department of Energy, heating and cooling account for roughly 45 percent of the average household's power bill. According to the National Electrical Manufacturers Association, the US government consumes approximately 45 percent of all energy (NEMA).

Europe is expected to expand significantly in the HVAC Sensor market. The European market is expanding due to an increase in demand for replacing older systems with newer, more complex controllers. The expansion of smart cities across Europe promotes the growth of the HVAC Sensors market. The European government is focusing more on establishing smart cities, which is driving the market's growth. BELIMO introduced a new ultrasonic flow sensor for HVAC applications in March 2020.

The Latin American HVAC sensors market has grown significantly as a result of an expansion in the number of different industrial verticals due to the availability of inexpensive labor and foreign investments. Brazil leads the HVAC sensors market with the greatest perforation and the fastest-growing smartphone use worldwide. Brazil is working on performing temperature sensors in wearable devices connected via cell phones.

The HVAC Sensor market in the Middle East and Africa is expected to expand rapidly. The increasing acceptance and industrialization of new technologies are impacting many industries and are related to market growth. The African HVAC Sensor market is likely to develop at a rapid pace in the coming years. Rising customer demand for lower-cost, energy-efficient products drives market demand.

KEY MARKET PLAYERS

Major Key Players in the Global HVAC sensor market are Daikin, Ingersollrand, Johnsoncontrols, LG Electronics, United Technologies, Electrolux, Emerson, Honeywell, Lennox, Mitsubishi Electric, Nortek, and Samsung Electronics.

RECENT HAPPENINGS IN THE MARKET

• Gardner Denver completed its merger with Ingersoll Rand's Industrial business on February 29, 2020. With an expanded product line, the newly formed corporation, Ingersoll Rand Inc., will have significant market dominance in the market for mission-critical flow control and industrial technology.
• Honeywell announced a new airborne particle on December 7, 2020, that uses AI and cloud computing to enable HVAC service providers and environmental testing specialists.
• Siemens launches its new Climatix Rooftop Unit (RTU) optimization solution on March 13, 2021. The system is designed to improve the efficiency of small-to-large-scale buildings such as restaurants, businesses, and K-12 facilities.

DETAILED SEGMENTATION OF THE GLOBAL HVAC SENSORS MARKET INCLUDED IN THIS REPORT

This research report on the global HVAC sensors market has been segmented and sub-segmented based on type, application, end-user, and region.

By Type

• Temperature Sensors
• Humidity Sensors
• CO Sensors
• CO2 Sensors
• Air Velocity Sensors
• Pressure / Occupancy Sensors
• Flow Sensors
• Others

By Application

• Room
• Duct
• Outdoor
• Cables
• Wall
• Immersion
• Others

By End-users

• Commercial
• Residential
• Industrial
• Transportation & Logistics

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa