Technavio has been monitoring the HVAC sensors market and it is poised to grow by USD 2.03 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global HVAC Sensors Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Emerson Electric Co., Greystone Energy Systems Inc., Honeywell International Inc., Johnson Controls International Plc, Schneider Electric SE, Senmatic AS, Sensirion AG, Siemens AG, and TE Connectivity Ltd. are some of the major market participants. Although the advances in temperature sensors will offer immense growth opportunities, cybersecurity issues in HVAC control systems will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Advances in temperature sensors have been instrumental in driving the growth of the market. However, cybersecurity issues in HVAC control systems might hamper market growth.
HVAC sensors market 2020-2024: Segmentation
HVAC sensors market is segmented as below:
- Application
- Automotive
- Residential
- Commercial
- Industrial
- Geographic Landscape
- North America
- APAC
- Europe
- South America
- MEA
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HVAC sensors market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our HVAC sensors market report covers the following areas:
- HVAC sensors market size
- HVAC sensors market trends
- HVAC sensors market industry analysis
This study identifies the advent of smart HVAC systems as one of the prime reasons driving the HVAC sensors market growth during the next few years.
HVAC sensors market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the HVAC sensors market, including some of the vendors such as ABB Ltd., Emerson Electric Co., Greystone Energy Systems Inc., Honeywell International Inc., Johnson Controls International Plc, Schneider Electric SE, Senmatic AS, Sensirion AG, Siemens AG, and TE Connectivity Ltd. Backed with competitive intelligence and benchmarking, our research reports on the HVAC sensors market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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HVAC sensors market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist hvac sensors market growth during the next five years
- Estimation of the hvac sensors market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the hvac sensors market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of hvac sensors market vendors
Table Of Contents :
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- Automotive Market size and forecast 2019-2024
- Residential Market size and forecast 2019-2024
- Commercial Market size and forecast 2019-2024
- Industrial Market size and forecast 2019-2024
- Market opportunity by Application
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver Demand led growth
- Volume driver Supply led growth
- Volume driver External factors
- Volume driver Demand shift in adjacent markets
- Price driver Inflation
- Price driver Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
- Vendor Analysis
Vendors covered
- Market positioning of vendors
- ABB Ltd.
- Emerson Electric Co.
- Greystone Energy Systems Inc.
- Honeywell International Inc.
- Johnson Controls International Plc
- Schneider Electric SE
- Senmatic AS
- Sensirion AG
- Siemens AG
- TE Connectivity Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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