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HVAC Sensors & Controllers Market

HVAC Sensors & Controllers Market (Sensors - Temperature Sensors, Humidity Sensors, Pressure Sensors, Gas and Volatile Organic Compounds Sensors, Occupancy Sensors; Controllers Type - Temperature Controllers, Humidity Controllers, Universal Controllers, Enthalpy Controllers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

The demand within the global HVAC sensors and controllers market is expected to rise alongside growing pace of urbanization. The rising demand for resilient air conditioning technologies has created a plethora of opportunities for market growth. Several industrial, commercial, and residential complexes are equipped with high-end air-conditioning and heating facilities. In addition to this, the need to maintain air quality across the global spectrum of indoor spaces has also given a thrust to the growth of the global HVAC sensors and controllers market. The next decade is projected to play a defining role in the advent of technologies for air conditioning.

  • HVAC systems are used across smart housing societies and buildings. The utility served by these systems across smart homes remains unreplaced by any other technology. Furthermore, a large population of people has become inclined towards the use of heating and cooling technologies that refine and refresh the indoor ambience. This is a crucial factor responsible for market growth and maturity.
  • Large grids are developed across large commercial and industrial buildings, mainly to develop an integrated HVAC system across the entire premise. Furthermore, convention halls, gyms, and large meeting rooms are also equipped with HVAC systems that can offer improved cooling. The presence of an ever-expanding industry for smart technologies shall play a vital role in market growth.
  • Automation technologies and artificial intelligence have become the catchphrases of the current times. Therefore, automated systems and appliances have replaced manual appliances and technologies in key industries. The inflow of large volumes of revenues within the global HVAC sensors and controllers market can be attributed to the need for ambient cooling technologies across public spaces. Malls and shopping complexes are amongst the largest consumers of high-end HVAC systems. The ability of HVAC sensors to self-adjust temperature for the entire space has created fresh demand within the market. 

Global HVAC Sensors and Controllers Market Outlook

The demand for HVAC sensors and controllers is set to increase sharply between 2016 and 2024 in the non-residential businesses and automotive industry segments. The global market is expected to be boosted further by increasing government assistance in the form of incentives and increasing consumer awareness regarding energy saving measures. The incorporation of HVAC sensors and controllers to form a smart electronic system that can help reduce energy consumption and improve building processes is creating a strong demand for them across industries.

The combination of these factors can be expressed in the 6.9% CAGR shown by the global HVAC sensors and controllers market from 2015 to 2024. This market is expected to cross US$9 bn by the end of 2024, and was valued at US$5.18 bn in 2015.

North America Maintains Global HVAC Sensors and Controllers Market Dominance, Players Also Look to Asia Pacific

Over 33% of the global HVAC sensors and controllers market’s regional revenue share was held by North America in 2015. Europe and Asia Pacific rank second and third respectively, while the rest of the world held the lowest share for that year. Furthermore, North America will be growing at the fastest rate, retaining its leading position till 2024. This region is heavily driven by the need to lower power consumption, and the need to replace older HVAC systems with modern ones that hold better connectivity. Industrial sectors in North America are also making heavy HVAC equipment implementations to get the best of their systems in terms of efficiency.

From a development perspective, the North America HVAC sensors and controllers market is already a matured one. As a result, global players are now seeking growth opportunities in other regions, namely, Latin America and Asia Pacific. Both regions have been experiencing a rapid growth of both industrial and residential sectors, creating a plethora of chances for global players as well as regional new entrants to enter these regions. Therefore, while North America will still be dominating the market in 2024, Asia Pacific and Latin America will be showing the faster growth rates till then.

Transport and Logistics Will Retain HVAC Sensors and Controllers Dominance

In 2015, over 38% of the global HVAC sensors and controllers market was held by the applications segment of transportation and logistics. Its market dominance was followed by commercial applications in second and residential applications in the second and third place respectively. The industrial applications segment held the lowest share of a little over 25% in 2015. All four segments are expected to maintain these positions till the end of 2024, due to equally paced market drivers affecting them.

With reduction of energy consumption becoming a major cause of growth for the global HVAC sensors and controllers market, the integration of smart HVAC systems with buildings is being increasingly sought after. This is applicable especially to commercial buildings, where improvements to investments can bring about the introduction of modern and increasingly effective HVAC sensors and controllers. Industrial sectors are looking at the global HVAC sensors and controllers market as not only and energy saving means, but also for added security of data and safety in the workplace. Many players in the global HVAC sensors and controllers market can also offer better customization to industrial sectors, allowing a greater operation flexibility.

HVAC Sensors & Controllers Market will Generate Significant Revenues Owing to Rising Level of Global Warming

HVAC frameworks are utilized across brilliant lodging social orders and structures. The utility served by these frameworks across savvy homes remains unrelated by some other innovation. Moreover, a huge populace of individuals has gotten slanted towards the utilization of warming and cooling advances that refine and revive the indoor atmosphere. This is a pivotal factor liable for market development and development.

The interest inside the worldwide HVAC sensors and regulators market is relied upon to ascend close by developing speed of urbanization. The rising interest for versatile cooling innovations has set out a plenty of open doors for market development. A few modern, business, and private buildings are outfitted with very good quality cooling and warming offices. Furthermore, the need to keep up air quality across the worldwide range of indoor spaces has likewise given a push to the development of the worldwide HVAC sensors and regulators market. The following decade is projected to play a characterizing part in the appearance of innovations for cooling.

The adjustments in the climatic conditions is driving the interest over the globe for HVAC frameworks in the most as of late constructed structures, including private spaces. In this manner, the interest for bleeding edge HVAC controls will similarly increase in these private and non-private constructions.

Government order and systems for the usage of energy beneficial machines is further invigorating the advancement of the market. It takes out the prerequisite for human impedance for keeping up the temperature in a structure, in this way growing the security, especially in risky and complex arrangements in current designs. Throughout a more extended length of time, HVAC controls help decline both energy usage and cost. Upsurge in the course of action of HVAC equipment in business, family and mechanical designs will make interest for capable and reasonable control frameworks and interest for HVAC sensors in creating economies, for instance, China and India is furthermore fuelling the development of the worldwide HVAC sensors and regulators market.

    Table of Contents

    Chapter 1 Preface
    1.1 Report Description
    1.2 Research Scope
    1.3 Key Take Away
    1.4 Research Methodology

    Chapter 2 Executive Summery
    2.1 Executive Summary

    Chapter 3 Global HVAC Sensors & Controllers Market Overview, 2016 – 2024
    3.1 Introduction
    3.2 Key Trend Analysis
    3.3 Market Dynamics
         3.3.1 Market Drivers
                3.3.1.1 Growth in the Global Non-Residential Construction Business
                3.3.1.2 Increasing Application of HVAC Sensors & Controllers in the Automotive Industry
                3.3.1.3 Government Legislation and Policies For Energy Efficient Appliances
         3.3.2 Market Restraints
    3.3.2.1 High Initial Investment
         3.3.3 Market Opportunities
    3.4 HVAC Sensors & Controllers: Market Attractiveness Analysis
    3.5 HVAC Sensors & Controllers Market: Dominant and Emerging Players

    Chapter 4 Global HVAC Sensors & Controllers Market: By Sensors
    4.1 HVAC Sensors & Controllers Market: By Sensors: Overview
         4.1.1 Global HVAC Sensors & Controllers Market Revenue Share, By Sensors, 2015 vs. 2024
    4.2 Temperature Sensors Market, 2015–2024: Revenue Forecast
    4.3 Humidity Sensors Market, 2015–2024: Revenue Forecast
    4.4 Pressure Sensors Market, 2015–2024: Revenue Forecast
    4.5 Gas and Volatile Organic Compounds Sensors Market, 2015–2024: Revenue Forecast
    4.6 Occupancy Sensors Market, 2015–2024: Revenue Forecast

    Chapter 5 Global HVAC Sensors & Controllers Market: By Controllers
    5.1 HVAC Sensors & Controllers Market: By Controllers, Overview
         5.1.1 Global HVAC Sensors & Controllers Market Revenue Share, by Controllers, 2015 and 2024
    5.2 Temperature Controllers Market, 2015–2024: Revenue Forecast
    5.3 Humidity Controllers Market, 2015–2024: Revenue Forecast
    5.4 Universal Controllers Market, 2015–2024: Revenue Forecast
    5.5 Enthalpy Controllers Market, 2015–2024: Revenue Forecast

    Chapter 6 Global HVAC Sensors & Controllers Market: By Applications
    6.1 By Applications: Overview
         6.1.1 Global HVAC Sensors & Controllers Market Revenue Share, by Application, 2015 and 2024
    6.2 Commercial Market, 2015–2024: Revenue Forecast
         6.2.1 HVAC Sensors & Controllers Market: Revenue Forecast, By Commercial Application, 2015–2024
    6.3 Residential Market, 2015–2024: Revenue Forecast
    6.4 Industrial Market, 2015–2024: Revenue Forecast
    6.5 Transportation & Logistics Market, 2015–2024: Revenue Forecast

    Chapter 7 Global HVAC Sensors & Controllers Market, By Geography, 2016 – 2024 (USD Billion)
    7.1 Global HVAC Sensors & Controllers Market: Regional Overview
         7.1.1 Global HVAC Sensors & Controllers Market Revenue Share, by Geography, 2015 and 2024
    7.2 North America HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
         7.2.1 North America  HVAC Sensors & Controllers, by Sensors Type, 2015 - 2024, (USD Billion)
         7.2.2 North America HVAC Sensors & Controllers Market, by Controllers, 2015 - 2024, (USD Billion)
         7.2.3 North America HVAC Sensors & Controllers Market, by Applications, 2015 - 2024, (USD Billion)
         7.2.4 North America HVAC Sensors & Controllers Market, by Commercial Application, 2015 - 2024, (USD Billion)
         7.2.5 U.S. HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
         7.2.6 Canada HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
         7.2.7 Mexico HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
    7.3 Europe HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
         7.3.1 Europe HVAC Sensors & Controllers, by Sensors Type, 2015 - 2024, (USD Billion)
         7.3.2 Europe HVAC Sensors & Controllers Market, by Controllers, 2015 - 2024, (USD Billion)
         7.3.3 Europe HVAC Sensors & Controllers Market, by Applications, 2015 - 2024, (USD Billion)
         7.3.4 Europe HVAC Sensors & Controllers Market, by Commercial Application, 2015 - 2024, (USD Billion)
         7.3.5 U.K. HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
         7.3.6 Germany HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
         7.3.7 France HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
         7.3.8 Italy HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast     
         7.3.9 Rest of Europe HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
    7.4 Asia Pacific HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
         7.4.1 Asia Pacific HVAC Sensors & Controllers, by Sensors Type, 2015 - 2024, (USD Billion)
         7.4.2 Asia Pacific HVAC Sensors & Controllers Market, by Controllers, 2015 - 2024, (USD Billion)
         7.4.3 Asia Pacific HVAC Sensors & Controllers Market, by Applications, 2015 - 2024, (USD Billion)     
         7.4.4 Asia Pacific HVAC Sensors & Controllers Market, by Commercial Application, 2015 - 2024, (USD Billion)
         7.4.5 China HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
         7.4.6 India HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
         7.4.7 Japan HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
         7.4.8 Rest of Asia Pacific HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
    7.5 Rest of the World (RoW) HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
         7.5.1 Rest of the World (RoW) HVAC Sensors & Controllers, by Sensors Type, 2015 - 2024, (USD Billion)
         7.5.2 Rest of the World (RoW) HVAC Sensors & Controllers Market, by Controllers, 2015 - 2024, (USD Billion)
         7.5.3 Rest of the World (RoW) HVAC Sensors & Controllers Market, by Applications, 2015 - 2024, (USD Billion)
         7.5.4 Rest of the World (RoW) HVAC Sensors & Controllers Market, by Commercial Application, 2015 - 2024, (USD Billion)
         7.5.5 Latin America HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
         7.5.6 Middle East HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast
         7.5.7 Africa HVAC Sensors & Controllers Market, 2015-2024: Revenue Forecast

    Chapter 8 Company Profiles
    8.1 Honeywell International Inc.
    8.2 Emerson Electric
    8.3 Siemens AG
    8.4 Schneider Electric
    8.5 Johnson Controls
    8.6 United Technologies Corporation
    8.7 Sensata Technologies Inc.
    8.8 Greystone Energy Systems Inc.
    8.9 Sensirion AG
    8.10 Infineon Technologies AG

    List of Tables

    TABLE 1 Snapshot: Global HVAC Sensors & Controllers Market
    TABLE 2 Drivers for the HVAC Sensors & Controllers Market
    TABLE 3 Restraints for the HVAC Sensors & Controllers Market
    TABLE 4 HVAC Sensors & Controllers Market: Revenue Forecast, By Commercial Application, 2015–2024
    TABLE 5 North America HVAC Sensors & Controllers Market, by Sensors Type, 2015 - 2024, (USD Billion)
    TABLE 6 North America HVAC Sensors & Controllers Market, by Controllers, 2015 - 2024, (USD Billion)
    TABLE 7 North America HVAC Sensors & Controllers Market, by Applications, 2015 - 2024, (USD Billion)
    TABLE 8 North America HVAC Sensors & Controllers Market, by Commercial Application, 2015 - 2024, (USD Billion)
    TABLE 9 Europe HVAC Sensors & Controllers Market, by Sensors Type, 2015 - 2024, (USD Billion)
    TABLE 10 Europe HVAC Sensors & Controllers Market, by Controllers, 2015 - 2024, (USD Billion)
    TABLE 11 Europe HVAC Sensors & Controllers Market, by Applications, 2015 - 2024, (USD Billion)
    TABLE 12 Europe HVAC Sensors & Controllers Market, by Commercial Application, 2015 - 2024, (USD Billion)
    TABLE 13 Asia Pacific HVAC Sensors & Controllers Market, by Sensors Type, 2015 - 2024, (USD Billion)
    TABLE 14 Asia Pacific HVAC Sensors & Controllers Market, by Controllers, 2015 - 2024, (USD Billion)
    TABLE 15 Asia Pacific HVAC Sensors & Controllers Market, by Applications, 2015 - 2024, (USD Billion)
    TABLE 16 Asia Pacific HVAC Sensors & Controllers Market, by Commercial Application, 2015 - 2024, (USD Billion)
    TABLE 17 Rest of the World (RoW) HVAC Sensors & Controllers Market, by Sensors Type, 2015 - 2024, (USD Billion)
    TABLE 18 Rest of the World (RoW) HVAC Sensors & Controllers Market, by Controllers, 2015 - 2024, (USD Billion)
    TABLE 19 Rest of the World (RoW) HVAC Sensors & Controllers Market, by Applications, 2015 - 2024, (USD Billion)
    TABLE 20 Rest of the World (RoW) HVAC Sensors & Controllers Market, by Commercial Application, 2015 - 2024, (USD Billion)

    List of Figures

    FIG. 1 Global HVAC Sensors & Controllers Market Segmentation, By Type and Geography
    FIG. 2 Market Attractiveness Analysis, by Applications, 2014
    FIG. 3 Global HVAC Sensors & Controllers Market By Sensors, 2015 vs. 2024
    FIG. 4 Global Temperature Sensors Market Revenue and Forecast, 2015 - 2024, (USD Billion)
    FIG. 5 Global Humidity Sensors Market Revenue and Forecast, 2015 - 2024, (USD Billion)
    FIG. 6 Global Pressure Sensors Market Revenue and Forecast, 2015 - 2024, (USD Billion)
    FIG. 7 Global Gas and Volatile Organic Compounds Sensors Market Revenue and Forecast, 2015 - 2024, (USD Billion)
    FIG. 8 Global Occupancy Sensors Market Revenue and Forecast, 2015 - 2024, (USD Billion)
    FIG. 9 Global HVAC Sensors & Controllers Market, by Controllers 2015 and 2024
    FIG. 10 Global Temperature Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 11 Global Humidity Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 12 Global Universal Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 13 Global Enthalpy Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 14 Global HVAC Sensors & Controllers Market, by Application 2015 and 2024
    FIG. 15 Global Commercial Market, 2015 - 2024, (USD Billion)
    FIG. 16 Global Residential Market, 2015 - 2024, (USD Billion)
    FIG. 17 Global Industrial Market, 2015 - 2024, (USD Billion)
    FIG. 18 Global Transportation & Logistics Market, 2015 - 2024, (USD Billion)
    FIG. 19 Global HVAC Sensors & Controllers Market Revenue Share, by Geography, 2015 and 2024
    FIG. 20 North America HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 21 US HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 22 Canada HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 23 Mexico HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 24 Europe HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 25 U.K. HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 26 Germany HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 27 France HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 28 Italy HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 29 Rest of Europe HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 30 Asia Pacific HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 31 China HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 32 India HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 33 Japan HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 34 Rest of Asia Pacific HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 35 Rest of the World (RoW) HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 36 Latin America HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 37 Middle East HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)
    FIG. 38 Africa HVAC Sensors & Controllers Market, 2015 - 2024, (USD Billion)

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HVAC Sensors & Controllers Market

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