Asia-Pacific HVAC Sensors Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Temperature Sensors, Humidity Sensors, Pressure & Flow Sensors, Motion Sensors, Smoke & Gas Sensors, and Others) and End User (Residential, Commercial, and Industrial)
Market Introduction
Rising disposable income in developing countries, especially in India and China is leading to a large client base for HVAC sensors to deploy in air conditioning, ventilation, and heating systems, which is driving the HVAC sensors market growth in the region. China is a leading manufacturing hub for HVAC sensors, while India and Japan are also considered significant contributors to the regional market growth. Various APAC countries are characterized by the mass production of HVAC sensors required for residential, commercial, and industrial applications. Rising number of manufacturing companies in India and China owing to the availability of skilled human resources is driving the HVAC sensors market growth. Moreover, an increase in sales of HVAC systems for the commercial segment and advancement in HVAC sensors support the market growth. Further, the presence of leading HVAC sensors manufacturing companies such as Mitsubishi Electric Corporation and Johnson Controls–Hitachi Air Conditioning is augmenting the market growth. For instance, in October 2019, Johnson Controls–Hitachi Air Conditioning company invested US$ 22.5 million in India to form a new global development manufacturing center for the production of HVAC systems for commercial and residential segments. Such development from the market players is driving the market growth. Further, surging establishment of smart cities and rise of smart, connected, and energy efficient IOT-enabled HVAC systems are the major factor driving the growth of the APAC HVAC sensors market.
Furthermore, in case of COVID-19, APAC is highly affected specially India and China. The governments in APAC countries have taken several crucial steps to contain the spread of virus by imposing lockdown and physical distancing norms, which has negatively affected the manufacturing sector. China has significantly large number of electronics and semiconductor manufacturing industry with numerous manufacturers operating and supporting several industries across the globe. The Chinese HVAC sensors market players have observed tremendous impact on respective business during Q1 of 2020, which have reflected stiff decline in revenue generation, which resulted in loss in China as well as APAC HVAC sensors market. In addition, China accounts for the significantly higher number of HVAC system manufacturers. The lockdown measures and physical distancing norms imposed by the Chinese government during Q1 has reflected huge fall in supply of HVAC systems, which ultimately resulted in decimation in revenue generation in the HVAC sensors market. Japan and India are the other two countries that have large number of electronics and semiconductor manufacturers as well as end users. Though the countries have eased the lockdown norms and have allowed the manufacturing plants to operate, the decrease in demand and supply has been severely affecting the HVAC sensors market player in both the countries. The recovery period is expected to be by late 2021 as the entire electronics and semiconductor manufacturing sector has been rigorously affected.
Get more information on this report :
Market Overview and Dynamics
The APAC HVAC sensors market is expected to grow from US$ 1,189.11 million in 2019 to US$ 2,185.00 million by 2027; it is estimated to grow at a CAGR of 8.3 % from 2020 to 2027. Escalation in construction sector is expected to upsurge the APAC HVAC sensors market. The construction sector is experiencing a tremendous growth in developing economies across APAC region with a heavy investment in commercial construction as well as infrastructural and institutional developments such as railway stations, bus stations, airports, and educational institutions. This rapid growth of the construction sector is attributed to the rising urban population demanding better standard of living. Further, the rise in commercial construction such as shopping malls, recreational centers, cinema halls, and office building is boosting the installation of HVAC systems. Moreover, some of these economies are also planning to boost their industrial sector by offering favorable business environment to foreign investors and support to local industries. Made in China 2025, Make in India, are among the initiatives taken by governments to support industrialization. Moreover, several foreign players are relocating their manufacturing facilities to low-cost economies in APAC region, which is anticipated to propel the industrial construction. Since, HVAC system is one of the integral systems in construction process, the deployment of HVAC systems is likely to increase with the rising construction, driving the APAC HVAC sensors market.
Key Market Segments
In terms of type, the temperature sensors segment accounted for the largest share of the APAC HVAC sensors market in 2019. In terms of end user, the commercial segment held a larger market share of the APAC HVAC sensors market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the APAC HVAC sensors market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.
Reasons to buy report
- To understand the APAC HVAC sensors market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC HVAC sensors market
- Efficiently plan M&A and partnership deals in APAC HVAC sensors market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC HVAC sensors market
- Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.
APAC HVAC Sensors Market Segmentation
APAC HVAC Sensors Market - By Type
- Temperature Sensors
- NTC
- RTD
- Thermocouple
- Others
- Humidity Sensors
- Pressure & Flow Sensors
- Motion Sensors
- Smoke & Gas Sensors
- Others
APAC HVAC Sensors Market - By End User
- Residential
- Commercial
- Industrial
APAC HVAC Sensors Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC HVAC Sensors Market - Company Profiles
- 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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC HVAC Sensors Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
5. APAC HVAC Sensors Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalation in Construction Sector
5.1.2 Mounting Demand for HVAC Sensors in the Automotive Sector
5.2 Market Restraints
5.2.1 Complexities Related to Motion-Activated Air Conditioners
5.3 Market Opportunities
5.3.1 Surging Establishment of Smart Cities
5.4 Future Trends
5.4.1 Rise of Smart, Connected, and Energy Efficient IOT-enabled HVAC Systems
5.5 Impact Analysis of Drivers and Restraints
6. HVAC Sensors Market– APAC Analysis
6.1 Overview
6.2 APAC HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
6.3 Market Positioning – Market Players Ranking
7. APAC HVAC Sensors Market Analysis – By Type
7.1 Overview
7.2 APAC HVAC Sensors Market, By Type (2019 and 2027)
7.3 Temperature Sensors
7.3.1 Overview
7.3.2 Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
7.3.3 NTC
7.3.3.1 Overview
7.3.3.2 NTC: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
7.3.4 RTD
7.3.4.1 Overview
7.3.4.2 RTD: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
7.3.5 Thermocouple
7.3.5.1 Overview
7.3.5.2 Thermocouple: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
7.3.6 Others
7.3.6.1 Overview
7.3.6.2 Others: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
7.4 Humidity Sensors
7.4.1 Overview
7.4.2 Humidity Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
7.5 Pressure & Flow Sensors
7.5.1 Overview
7.5.2 Pressure & Flow Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
7.6 Motion Sensors
7.6.1 Overview
7.6.2 Motion Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
7.7 Smoke & Gas Sensors
7.7.1 Overview
7.7.2 Smoke & Gas Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
7.8 Other Sensors
7.8.1 Overview
7.8.2 Others Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
8. APAC HVAC Sensors Market – By End User
8.1 Overview
8.2 APAC HVAC Sensors Market, by End User (2019 and 2027)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9. APAC HVAC Sensors Market – Country Analysis
9.1 Overview
9.1.1 APAC: HVAC Sensors Market, By Country
9.1.1.1 Australia: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9.1.1.1.1 Australia: HVAC Sensors Market, by Type
9.1.1.1.2 Australia: HVAC Sensors Market, by End User
9.1.1.2 China: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9.1.1.2.1 China: HVAC Sensors Market, by Type
9.1.1.2.2 China: HVAC Sensors Market, by End User
9.1.1.3 India: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9.1.1.3.1 India: HVAC Sensors Market, by Type
9.1.1.3.2 India: HVAC Sensors Market, by End User
9.1.1.4 Japan: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9.1.1.4.1 Japan: HVAC Sensors Market, by Type
9.1.1.4.2 Japan: HVAC Sensors Market, by End User
9.1.1.5 South Korea: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9.1.1.5.1 South Korea: HVAC Sensors Market, by Type
9.1.1.5.2 South Korea: HVAC Sensors Market, by End User
9.1.1.6 Rest of APAC: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9.1.1.6.1 Rest of APAC: HVAC Sensors Market, by Type
9.1.1.6.2 Rest of APAC: HVAC Sensors Market, by End User
10. Impact of COVID-19 Outbreak
10.1 APAC: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Siemens AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Emerson Electric Co.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Honeywell International Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Johnson Controls, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Schneider Electric
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 TE Connectivity Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Sensirion AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Senmatic A/S
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Sensata Technologies, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 BELIMO AIRCONTROLS (USA), INC.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Table 2. Australia: HVAC Sensors Market, By Type – Revenue and Forecast to 2027 (US$ million)
Table 3. Australia: HVAC Sensors Market, By Temperature Sensors – Revenue and Forecast to 2027 (US$ million)
Table 4. Australia: HVAC Sensors Market, By End User – Revenue and Forecast to 2027 (US$ million)
Table 5. China: HVAC Sensors Market, By Type – Revenue and Forecast to 2027 (US$ million)
Table 6. China: HVAC Sensors Market, By Temperature Sensors – Revenue and Forecast to 2027 (US$ million)
Table 7. China: HVAC Sensors Market, By End User – Revenue and Forecast to 2027 (US$ million)
Table 8. India: HVAC Sensors Market, By Type – Revenue and Forecast to 2027 (US$ million)
Table 9. India: HVAC Sensors Market, By Temperature Sensors – Revenue and Forecast to 2027 (US$ million)
Table 10. India: HVAC Sensors Market, By End User – Revenue and Forecast to 2027 (US$ million)
Table 11. Japan: HVAC Sensors Market, By Type – Revenue and Forecast to 2027 (US$ million)
Table 12. Japan: HVAC Sensors Market, By Temperature Sensors – Revenue and Forecast to 2027 (US$ million)
Table 13. Japan: HVAC Sensors Market, By End User – Revenue and Forecast to 2027 (US$ million)
Table 14. South Korea: HVAC Sensors Market, By Type– Revenue and Forecast to 2027 (US$ million)
Table 15. South Korea: HVAC Sensors Market, By Temperature Sensors – Revenue and Forecast to 2027 (US$ million)
Table 16. South Korea: HVAC Sensors Market, By End User – Revenue and Forecast to 2027 (US$ million)
Table 17. Rest of APAC: HVAC Sensors Market, By Type – Revenue and Forecast to 2027 (US$ million)
Table 18. Rest of APAC: HVAC Sensors Market, By Temperature Sensors – Revenue and Forecast to 2027 (US$ million)
Table 19. Rest of APAC: HVAC Sensors Market, By End User – Revenue and Forecast to 2027 (US$ million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC HVAC Sensors Market Segmentation
Figure 2. APAC HVAC Sensors Market Segmentation – By Country
Figure 3. APAC HVAC Sensors Market Overview
Figure 4. APAC HVAC Sensors Market, by Country
Figure 5. APAC HVAC Sensors Market, By Type
Figure 6. APAC HVAC Sensors Market, By End User
Figure 7. APAC: PEST Analysis
Figure 8. APAC HVAC Sensors Market – Ecosystem Analysis
Figure 9. APAC HVAC Sensors Market Impact Analysis of Drivers and Restraints
Figure 10. APAC HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 11. APAC HVAC Sensors Market Revenue Share, by Type (2019 and 2027)
Figure 12. APAC Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 13. APAC NTC: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 14. APAC RTD: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 15. APAC Thermocouple: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 16. APAC Others: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 17. APAC Humidity Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 18. APAC Pressure & Flow Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 19. APAC Motion Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 20. APAC Smoke & Gas Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 21. APAC Other Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 22. APAC HVAC Sensors Market Revenue Share, by End User (2019 and 2027)
Figure 23. APAC Residential: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 24. APAC Commercial: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 25. APAC Industrial: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 26. APAC: HVAC Sensors Market Revenue Share, By Country (2019 and 2027)
Figure 27. Australia: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 28. China: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 29. India: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 30. Japan: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 31. South Korea: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 32. Rest of APAC: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 33. Impact of COVID-19 Pandemic in APAC Country Markets
- 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.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC HVAC sensors market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC HVAC sensors market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the HVAC sensors market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution