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The global HVAC sensors market size is estimated to grow by USD 2.84 billion at a CAGR of 5.9% between 2023 and 2028. The HVAC sensors market has experienced significant growth due to advancements in temperature sensing technology. Inorganic factors, including increasing energy efficiency regulations and the expanding construction industry, have fueled this growth. The global market for HVAC sensors is projected to reach substantial value by 2025, with a steady compound annual growth rate. The advent of smart HVAC systems has further propelled the market's expansion. These systems utilize sensors to optimize temperature control, energy consumption, and indoor air quality. By integrating Internet of Things (IoT) technology, HVAC sensors enable remote monitoring and automated adjustments, enhancing comfort and efficiency. Moreover, the integration of artificial intelligence and machine learning algorithms in HVAC systems is expected to revolutionize the industry. These technologies enable predictive maintenance, personalized temperature settings, and improved energy management. As a result, the HVAC sensors market is poised for continued growth, driven by technological advancements and the increasing demand for energy-efficient and intelligent building solutions.
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The market is experiencing significant growth due to the increasing energy consumption in both industrial and commercial buildings. AC systems in buildings, including industrial and commercial, consume a substantial amount of energy for space heating, cooling, and ventilation control. They play a crucial role in optimizing energy efficiency by monitoring temperature, input temperature, air pressures, and humidity levels. Urbanization and the rise of smart homes have led to an increased focus on energy-efficient solutions for residential buildings. They are being integrated into these systems to ensure optimal temperature, humidity, and air quality control. In addition, the integration of these in HVAC systems is becoming mandatory for ensuring indoor air quality. The market is expected to grow due to the increasing demand for energy-efficient solutions in vehicle cabins and passenger cars. The market is also driven by the need for humidity control in various applications, including industrial processes and space heating and cooling systems. Overall, the market is poised for growth due to the increasing focus on energy efficiency and indoor air quality control. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market growth is notably propelled by advancements in temperature sensors, The market is witnessing significant growth due to the increasing adoption of smart homes and internet-connected devices. These play a crucial role in regulating energy consumption and maintaining optimal temperature and humidity levels in buildings. Advanced temperature control systems, such as digital programmable sensors and zoning systems, enable users to schedule energy-saving temperature adjustments and regulate temperatures in different zones. Additionally, the integration of smart building technology has led to the development of these for monitoring carbon dioxide, toxicity, and refrigerant levels, including the phase-out of R22 refrigerant and its impact on the ozone layer. Humidity and temperature sensors are essential components of HVAC systems, ensuring indoor air quality and energy efficiency. Hence, these factors are expected to drive the market during the forecast period.
Increasing focus on integrated building management systems is one of the emerging market trends. The market is gaining traction due to the growing emphasis on energy efficiency and cost reduction in both commercial and residential buildings. Smart homes and internet-connected devices are driving the adoption of advanced HVAC technology, including the integration of heating, ventilation, and air conditioning (HVAC) systems with lighting and other building management systems. This integration optimizes energy usage and regulates indoor environmental conditions, such as temperature, humidity, and air quality, monitored by these for carbon dioxide, toxicity, and refrigerant levels. The phase-out of R22 refrigerant, which harms the ozone layer, further boosts the demand for energy-efficient HVAC systems. Hence, these factors will drive the market during the forecast period.
Cybersecurity issues in HVAC control systems are major challenges impeding the market. The market is experiencing significant growth due to the integration of advanced technologies such as wireless connectivity and smart home automation in heating, ventilation, and air conditioning (HVAC) systems. This trend is prevalent in both residential and commercial sectors, as well as in industrial applications. However, the increasing use of internet-connected devices in HVAC systems poses a challenge in ensuring their cybersecurity. HVAC sensors, including temperature, humidity, carbon dioxide, and toxicity sensors, are susceptible to hacking. Modern HVAC systems employ refrigerants like R22 and advanced features such as ozone layer protection. Ensuring the security of these systems is crucial to mitigate potential risks and maintain optimal indoor environmental quality. Thus, such factors are expected to hinder the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Fr. Sauter AG - The key offerings of the company include HVAC sensors.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the automotive segment will be significant during the forecast period. The market encompasses sensors used for monitoring and controlling humidity levels, air temperature, and pressure in various applications, including space heating, cooling systems, and ventilation control. Urbanization and the need for improved indoor climate conditions have driven market growth in sectors such as building renovation projects and energy-efficient buildings.
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The automotive segment was valued at USD 2.37 billion in 2018. Advanced HVAC sensors, including CO2 sensors and carbon monoxide (CO) sensors, are increasingly utilized in automotive applications, particularly in passenger cars and electric vehicles, for humidity control, air filtration, and IoT-connected devices. HVAC monitoring systems enable remote monitoring and networked device connections, enhancing sensor compatibility and energy efficiency. Medical applications and consumer electronics also utilize these for maintaining good air quality and indoor climate conditions. Machine learning capabilities and energy standards further boost market expansion. Key applications include room air conditioners, greenhouse gas emissions reduction, and indoor air quality improvement. Thus, the adoption of such HVAC systems in automobiles is expected to drive the growth of the market during the forecast period.
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APAC is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in APAC is experiencing significant growth due to increasing awareness of energy efficiency and the rising number of construction projects. China, Japan, and South Korea are key contributors to this market, with India, Singapore, Taiwan, and South Korea also seeing increased investment. Urbanization and infrastructure development are driving the demand, which controls humidity levels, air temperature, pressure, and ventilation. IoT platforms enable remote monitoring and control of IoT-connected devices, including HVAC monitoring systems, controllers, actuators, and machine learning capabilities. They are used in various applications, such as space heating and cooling, air filtration, and medical and consumer electronics. Energy standards for energy-efficient buildings and energy-efficient solutions, like room air conditioners and building renovation projects, are also contributing to market growth. CO2 and carbon monoxide sensors are essential for monitoring indoor climate conditions and ensuring good air quality. The automotive industry is also adopting these for vehicle cabins in passenger cars and electric vehicles to reduce carbon dioxide emissions. Hence, these factors are expected to increase the demand in APAC during the forecast period.
The market research and growth report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market is a significant segment in the heating, ventilation, and air conditioning industry. Temperature, humidity, and pressure sensors are essential components of HVAC systems, ensuring optimal performance and energy efficiency. The market is driven by the growing demand for energy-efficient buildings and increasing awareness of indoor air quality. The use of advanced technologies such as wireless sensors and IoT in HVAC systems is also fueling market. Smart climate control solutions can adjust the cooling system based on the frequency of audible devices in industrial buildings or vehicle cabins, ensuring comfort at varying room temperatures.
Furthermore, they enable remote monitoring and control of temperature, humidity, and pressure levels, leading to cost savings and improved comfort. Moreover, the increasing adoption of smart homes and buildings is expected to boost the demand for HVAC sensors in the coming years. The market is expected to grow at a steady pace due to the rising need for energy-efficient solutions and the increasing focus on indoor air quality. In conclusion, the HVAC Sensors Market is a dynamic and growing segment, driven by the need for energy efficiency, indoor air quality, and advanced technologies. The market is expected to continue its growth trajectory in the coming years, offering significant opportunities for manufacturers and suppliers.
Industry Scope |
|
Report Coverage |
Details |
Page number |
182 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.9% |
Market growth 2024-2028 |
USD 2.84 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.48 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 52% |
Key countries |
China, US, Japan, Germany, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., All Sensors Corp., Amphenol Advanced Sensors, Emerson Electric Co., ES Systems, Fr. Sauter AG, Greystone Energy Systems Inc., Honeywell International Inc., Infineon Technologies AG, Ingersoll Rand Inc., Johnson Controls, KMC Controls Inc., OJ Electronics AS, RTX Corp., Schneider Electric SE, Senmatic AS, Sensata Technologies Inc., Sensirion AG, Siemens AG, and TE Connectivity Ltd. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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