HVAC (heating, ventilation, and air conditioning) works on a control system to accomplish the job of an air conditioning and heating system. It is the technology of indoor and vehicular atmospheric comfort. The aim of HVAC is to provide satisfactory indoor air quality and thermal comfort. The HVAC system is mainly reliant on controllers and sensors, as they are a vital component of HVAC systems.
The growth of the global HVAC sensors & controllers market is driven by the requirement to achieve safety, accuracy, and comfort in controlling and observing the indoor atmosphere. Further, increasing usage of HVAC sensors & controllers within the automotive business and the progress in the non-private development business globally will also boost market expansion in the years to come. Also, the rising need for cloud computing within HVAC along with growing implementation of smart devices are projected to generate numerous growth avenues in the global market. Moreover, the increase in the implementation of smart buildings and green buildings are surging the usage of HVAC sensors & controls such as a programmable thermostat which saves loads of energy within commercial buildings, thereby driving global market growth.
The global HVAC sensors & controllers market is bifurcated based on controllers, sensors, application, and region. The market, by sensors, is categorized into gas & volatile organic compounds sensors, humidity sensors, pressure sensors, occupancy sensors, and temperature sensors. The market, by controllers, is segregated into enthalpy controllers, humidity controllers, universal controllers, and temperature controllers. The market, by application, is categorized into commercial, residential, industrial, and transportation & logistics.
Regionally, global HVAC sensors & controllers market is projected to be dominated by North America during the forecast period with highest share. This regional market expansion can be attributed to the rising requirement for energy efficiency. Likewise, Asia Pacific is also projected to witness substantial expansion during the forecast period on account of the existence of leading HVAC companies along with flourishing construction sector in this region. Also, these countries’ governments have implemented active measures for boosting the HVAC system adoption. To cite, the Indian Government had begun a smart city mission that concentrates on building the cities to make them sustainable and energy-efficient together with enhancing their quality of living.
Few of the prominent players in the global HVAC sensors & controllers market consist of Sensirion AG, Johnson Controls, United Technologies Corporation, Siemens, Infineon Technologies, GREYSTONE ENERGY SYSTEMS INC, Sensata Technologies Ltd, Emerson Electric, and Honeywell, among others.