According to a new market research report Europe HVAC Sensors Market” by Component Application, Deployment Mode, Vertical, and Region forecast to 2027 published by Business Market Insights, The Europe HVAC sensors market is expected to grow from US$ 918.96 million in 2019 to US$ 1,527.50 million by 2027; it is estimated to grow at a CAGR of 6.9 % from 2020 to 2027.
The increasing pollution norms and growing concerns toward energy consumption have fueled the adoption of advanced sensors for HVAC systems. Further, companies are developing advanced HVAC sensors to improve the efficiency of HVAC system. For instance, in March 2020, BELIMO, a Switzerland-based company introduced new ultrasonic flow sensors for the HVAC application. These inline flow sensors are equipped with automatic glycol measurement and compensation features for maximizing HVAC system efficiency. The increasing development in the sensors to improve the system efficiency is mounting the growth of the market in the industrial, commercial, and residential sectors.
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The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include:
- BELIMO AIRCONTROLS (USA), INC.
- Emerson Electric Co.
- Honeywell International Inc.
- Johnson Controls, Inc.
- Schneider Electric
- Senmatic A/S
- Sensata Technologies, Inc.
- Sensirion AG
- Siemens AG
- TE Connectivity Ltd
With COVID-19, the entire workforce has experienced a transition toward remote working, paving a way for Europe HVAC Sensors solution and hardware products. The reduced travel time and cost, the importance of involving employees in determining strategic goals, and the rising need for virtual meeting rooms have overall increased the spending of companies on Europe HVAC Sensors solutions.
Europe HVAC Sensors Market – By End User
Europe HVAC Sensors Market – By Country
- Rest of Europe
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This report provides:
1) An overview of the market for Europe HVAC Sensors Market and related technologies.
2) Analyses of Europe HVAC Sensors market trends, with data from 2018, estimates for 2019 and 2020, and projections of compound annual growth rates (CAGRs) through 2027.
3) Identifications of new market opportunities and targeted promotional plans for Europe HVAC Sensors Market
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
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