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HVAC Sensors & Controllers Market - Introduction of IoT in Devices to Offer Rich Market Opportunity

03-12-2018 06:42 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The introduction of the Internet of Things (IoT) has been advantageous to many industries, including the electrical ones. Prominent players in the global HVAC sensors and controllers market are focusing on implementation of evolved IoT technologies over the coming years to enhance both non-commercial and commercial sectors.

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A number of recent HVAC sensors and controllers in the commercial sector are comprised of the Building Automation Systems integration. Adding IoT to this combination will allow HVAC sensors and controllers to gain greater and open communication streams among all the related devices inside a building.

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Emerging economies such as India, China, Brazil and Japan, among others, are expected to demonstrate a high growth in the infrastructure and technological advances, creating a wide pathway for entry of local players in the global HVAC sensors and controllers market to fill.

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In the year 2015, more than 38% of the global HVAC sensors and controllers market was led by the applications segment of transportation and logistics.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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