The global HVAC Sensor market size was worth USD 15.2 billion in 2022 and is projected to reach USD 25.8 billion by 2027 with a CAGR of 9.8% during 2022-2027.
Heating Ventilating and Air Conditioning (HVAC) sensor systems are most commonly used for reducing energy consumption. Sensors are inserted into the device that the state of temperature. HVAC sensors are the most commonly used as it compares the input temperature of the room or buildings. HVAC sensors manage to regulate and monitor various devices like air temperature, quality in office buildings and homes, and pressure.
Factors driving the HVAC sensor market include increasing demand for cloud computing in HVAC, rising strong growth in the construction field, especially in developed and developing nations. The booming urban population needs a superior standard of living which results in construction growth escalates the HVAC sensor market growth globally. The demand for HVAC sensors and controls is increasing due to the execution of advanced technology smart devices boost the market growth.
The rising need for developing sensors to upgrade the efficiency of the system escalates the growth across the residential, commercial, and industry sectors. The quick emergence of IoT enabled HVAC systems to propel the HVAC Sensors market growth. Moreover, growing pollution and increasing demand for energy-saving smart technologies like HVAC smart sensors stimulate the market growth during the forecast period.
Executing HVAC systems among the developed countries is highly increasing due to the high cost associated with implementing the systems. Also, a lack of knowledge about HVAC standards restrains the HVAC sensors market growth during the timeline period.
With the recent outbreak of novel coronavirus (COVID-19), the world is experiencing an unprecedented challenge. The World Health Organization (WHO) has announced emergency public health. However, the HVAC Sensor market has experienced unusual growth during the pandemic period. The pandemic is hindering the HVAC equipment supply and other control components due to strict disturbances in the supply chain globally. Due to the sudden outburst of the pandemic period, there is a sudden fall in HVAC sensors or devices for few applications which diminishes the supply chain of electronic devices.
The COVID-19 impact on the HVAC sensor market varies in different regions globally. The HVAC sensors market is experiencing a downfall, due to the strict lockdown imposed by different nations and governments. However, the market is expected to witness stable growth in the upcoming years. The manufacturers of different electronic and semi-conductor products like sensors are likely to witness considerable delays in the supply chain of electronic devices. Europe is largely affected particularly the U.K.
Market Size Available
2022 – 2027
2022 – 2027
By Type, Application, End Use, and Region
North America, APAC, Europe, LATAM, MEA
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The research report on the global HVAC Sensor Market is segmented and sub-segmented based on the following categories:
The HVAC sensors market in Asia-Pacific is dominating and holds the largest share during the forecast period. The South Asian countries are supporting the HVAC Sensors market tremendously. In countries like India and China, the demand for HVAC sensors is augmenting due to an increase in population, rising expenditure of people, and diversified climatic conditions. By 2040, Southeast Asia is expected to reach 300 million units of consumption.
North America is likely to hold a significant share in the HVAC sensors market. The United States Department of Energy evaluates as heating and cooling account for nearly 45% of the average household's utility price. Around 45% of the energy is consumed by the government of the U.S, as per the evaluation of the National Electrical Manufacturers Association (NEMA).
Europe is awaited to grow with significant growth in the HVAC Sensors market. The European market growth owes to the increasing demand for replacing existing systems with the latest and more complicated controllers. Increasing smart cities throughout Europe fuels the HVAC Sensors market growth. The European government is more centering on developing Smart Cities, which fuels the market growth. In 2022 March, BELIMO launched a new ultrasonic flow sensor for the HVAC application.
Latin American HVAC sensors market has witnessed large growth due to an increase in the number of various industry verticals owing to the attainability of cheap labor together with foreign investments. Brazil is leading the HVAC Sensors market with the highest perforation and rising use of smartphones globally. Brazil is focusing on performing temperature sensors in wearable devices in wearable devices connected through smartphones.
The Middle East & Africa is scheduled to experience quick growth in the HVAC Sensors market. The market growth is attributed to the growing adoption and industrialization of new technology influencing different sectors. The African HVAC Sensors market is expected to have a considerable growth rate in the market. Factors like rising consumer demands for less-cost, and energy-efficient products fuel the market demand.
HVAC Sensors Market Key Players
Honeywell International Inc (US), Schneider Electric (France), Carrier Global Corporation (US), Emerson Electric (US), Trane Technologies Plc (Ireland), Lennox (US), Delta Controls (Canada), OJ Electronics (Denmark), KMC Controls (US), Daikin Industries (Japan), LG Electronics (South Korea), Siemens (Germany), Jackson Systems (US), Johnson Controls (US), and Distech Controls (Canada) are some of the major players operating in the HVAC Sensor market.
Notable Happenings in the global HVAC Sensor Market
Chapter 1. HVAC Sensors Market – Scope & Methodology
1.1. Market Segmentation
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. HVAC Sensors Market – Executive Summary
2.1. Market Size & Forecast – (2021 – 2026) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2021 - 2026
2.3.2. Impact on Supply – Demand
2.3.3. Impact on Production Cost
2.3.4. Impact on Supply Chain
Chapter 3. HVAC Sensors Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. HVAC Sensors Market Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. HVAC Sensors Market - Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. HVAC Sensors Market – By Type
6.1. Temperature Sensors
6.2 Humidity Sensors
6.3 CO Sensors
6.4 CO2 Sensors
6.5 Air Velocity Sensors
6.6 Pressure/Occupancy Sensors
6.7 Flow Sensors
Chapter 7. HVAC Sensors Market – By Application
Chapter 8. HVAC Sensors Market – By End Use
Chapter 9. HVAC Sensors Market , By Geography – Market Size, Forecast, Trends & Insights
9.1. North America
9.2.7. Rest of Europe
9.3. Asia Pacific
9.3.2. South Korea
9.3.5. Australia & New Zealand
9.3.6. Rest of Asia-Pacific
9.4. Rest of the World
9.4.1. Middle East
9.4.3. South America
Chapter 10. HVAC Sensors Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)
10.1. Company 1
10.2. Company 2
10.3. Company 3
10.4. Company 4
10.5. Company 5
10.6. Company 6
10.7. Company 7
10.8. Company 8
10.9. Company 9
10.10. Company 10
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