How big is the HVAC Sensor Market?

The HVAC Sensor Market size is expected to reach USD 4.16 billion in 2024 and grow at a CAGR of 6.30% to reach USD 5.64 billion by 2029. Read More

What is the current HVAC Sensor Market size?

In 2024, the HVAC Sensor Market size is expected to reach USD 4.16 billion. Read More

Who are the key players in HVAC Sensor Market?

Siemens AG, Emerson Electric Co., Honeywell International Inc., Schneider Electric and Johnsons Controls Inc. are the major companies operating in the HVAC Sensor Market. Read More

Which is the fastest growing region in HVAC Sensor Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in HVAC Sensor Market?

In 2024, the Asia Pacific accounts for the largest market share in HVAC Sensor Market. Read More

What years does this HVAC Sensor Market cover, and what was the market size in 2023?

In 2023, the HVAC Sensor Market size was estimated at USD 3.91 billion. The report covers the HVAC Sensor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the HVAC Sensor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

HVAC Sensor Market Share

Statistics for the 2023 & 2024 HVAC Sensor market share, created by Mordor Intelligence™ Industry Reports. HVAC Sensor share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of HVAC Sensor Industry

The increasing presence of prominent manufacturers in the HVAC sensors market is expected to intensify competitive rivalry during the forecast period. Market incumbents like Siemens AG, Emerson Electric Co., Honeywell International Inc., and TE Connectivity Ltd. considerably influence the overall market. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain a sustainable competitive advantage.

In March 2023, Sensirion announced the release of the SHT40I-Analog humidity sensor, which is intended for demanding industrial applications and severe settings where high noise levels may make digital solutions ineffective. The novel sensor allows for simple design and customer-specific output characteristics for high-volume applications.

In April 2022, Trane Technologies PLC announced a strategic continuing collaboration to achieve higher energy efficiency using Air-Fi wireless sensors for Trane and Mitsubishi Electric City multi VRF and improvements to the IntelliPak 1 HVAC Rooftop Unit. The upgrades give building owners technology, data, and controls to help them satisfy efficiency standards, achieve decarbonization targets, and make retrofits easier and more cost-effective.