Press release
Global HVAC Sensors Market is expected to reach 1.8 billion USD by the end of 2022
HVAC Sensors are the sensors work in HVAC system. The main HVAC Sensors include: Temperature Sensors, Humidity Sensors, Pressure Sensors, and Air Quality Sensors among others. It is widely used in Commercial, Residential, Industrial and Transportation & Logistics HVAC systems.
In this study, the market for HVAC Sensors divided into five geographic regions: In North America, total HVAC Sensors accounted for 32.51%. In the Europe, total HVAC Sensors accounted for 28.47 %. The market in China HVAC Sensors accounted for 15.37%, in Latin America 6.54%, in Other Asia 11.48% and in the Rest of World 5.63%.
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The world's largest application of HVAC Sensors is in the Commercial sector, accounted for 43.07%, followed by Industrial with 22.13%, Transportation & Logistics with 17.74% and Residential with 17.06%.
According to this study, the global HVAC Sensors market is valued at 2,242.1 million US$ in 2017 and is expected to reach 3,100.7 million US$ by the end of 2022, growing at a CAGR of 6.70 % between 2017 and 2022.
Of the major players of the HVAC Sensors market, Siemens AG maintained its first place in the ranking in 2017. Top 3 players include Siemens AG, Schneider Electric and Johnson Controls.
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