HVAC Sensors Market: Forecast (2017-2023)
Nov 20, 2017, 18:53 ET
LONDON, Nov. 20, 2017 /PRNewswire/ -- Heating Ventilating and Air Conditioning (HVAC) systems are essential to reduce energy consumption. Usually a sensing device is used to compare the actual state like temperature with a target state.
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The HVAC sensors include the regulating and monitoring of air temperature, pressure and quality in commercial and residential buildings. Enhancing energy efficiency has therefore, become an important issue. Building owners, operators, governments and regulatory agencies are progressively focusing on optimizing building energy use through improved HVAC controls.
HVAC Sensors market is comprehended by type of sensors and application. By type the market is further segmented into temperature sensors, humidity sensors, pressure sensors, occupancy sensors, gas and volatile organic compound sensors and others. Based on applications the market is further categorized into residential, commercial, industrial and transportation and logistics.
HVAC Sensors market is further analyzed on the basis of regions such as: North America, Europe, Asia-Pacific and Rest of the World.
Sample Companies profiled in this report are:
ABB Group (Switzerland),
Emerson Electric Corporation (U.S.),
Honeywell International, Inc. (U.S.),
Siemens AG (Germany),
Schneider Electric (France),
10+.
Government legislation and policies for the use of energy efficient appliances is further fueling the growth of the market. Upsurge in the deployment of HVAC equipment in commercial, domestic and industrial buildings will create demand for efficient and effective control systems and demand for HVAC sensors in developing economies such as China and India is also propelling the growth of the market.
The research methodology opted for this report incorporates initial segregation of the market by type of sensors, applications and geography. This was followed by mining of market volume and revenue of different type of HVAC sensors employed by various applications with respect to regions considered.
Bottom up approach was then followed for estimating the global market size and its forecast for period 2017 to 2023. The data figures and supporting insights so collated were validated through primary research process by Key Opinion Leaders (KOLs) which comprised of manufacturers, distributors, suppliers, associations and end users.
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