Europe 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
Strong adoption of the HVAC systems among commercial buildings, homes, and the automotive sector is driving the growth of the Europe HVAC sensors market. 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. In Europe, the demand for HVAC sensors is propelled by the stringent government regulations for efficient building management systems. Also, the presence of robust automotive manufacturing units in Europe is propelling the demand for HVAC sensors used in automobiles. The governments in the Europe region are focusing on the development of tourism industry and growth of industrial sector, which is expected to boost the demand for HVAC systems in the region.
Furthermore, in case of COVID-19, Europe is highly affected specially the UK. The European HVAC sensors manufacturers experienced a lower demand rate from the European as well as international HVAC system manufacturers. The European semiconductor manufacturers have observed and are also experiencing tough times to supply their products in adequate quantities to respective customers. This is majorly due to the significant disruption in raw material supply chain business. The semiconductor components or sensor manufacturers are witnessing two or more weeks of delay in receiving raw materials, which is pressurizing the manufacturers to slow down the production pace, which is showcasing the declination trend in revenue generation. The UK and France have numerous HVAC systems and HVAC sensors manufacturers, while the Russia has significantly large number of HVAC equipment manufacturers. The emergence of COVID-19 virus has negatively impacted the businesses of European HVAC systems manufacturers as well as HVAC sensors market players. Additionally, the UK, France, Germany, and Italy have been observing the second wave of COVID-19 over the past couple of weeks, which has again compelled the manufacturers to restrict their production unit workforce, resulting in deceleration in HVAC sensors demand.
Get more information on this report :
Market Overview and Dynamics
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. Growth of smart cities across Europe region is expected to escalate the Europe HVAC sensors market. As smart cities across the European developing countries are still under developing stage, various governments are taking initiatives for the development of smart cities in their respective economies. The initiative of European government toward green and smart cities is adding impetus to the present HVAC industry in the Europe for the development of energy efficient and economical HVAC systems. This has resulted in shifting the focus of HVAC market players to Europe market. Further, the European Commission (EC), under its Smart Cities Initiative aims to significantly promote energy-efficient and low carbon technologies. The increasing focus of governments across Europe for the Smart Cities development is anticipated to further create a demand for HVAC sensors, which will drive the Europe HVAC sensors market during forecast period.
Key Market Segments
In terms of type, the temperature sensors segment accounted for the largest share of the Europe HVAC sensors market in 2019. In terms of end user, the commercial segment held a larger market share of the Europe 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 Europe 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 Europe 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 Europe HVAC sensors market
- Efficiently plan M&A and partnership deals in Europe 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 Europe HVAC sensors market
- Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.
Europe HVAC Sensors Market Segmentation
Europe HVAC Sensors Market - By Type
- Temperature Sensors
- NTC
- RTD
- Thermocouple
- Others
- Humidity Sensors
- Pressure & Flow Sensors
- Motion Sensors
- Smoke & Gas Sensors
- Others
Europe HVAC Sensors Market - By End User
- Residential
- Commercial
- Industrial
Europe HVAC Sensors Market - By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe 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. Europe HVAC Sensors Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
5. Europe HVAC Sensors Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Construction Sector
5.1.2 Rising Demand for HVAC Sensors in the Automotive Sector
5.2 Market Restraints
5.2.1 Complication Related to Motion-Activated Air Conditioners
5.3 Market Opportunities
5.3.1 Growth of Smart Cities
5.4 Future Trends
5.4.1 Emergence of Smart, Connected, and Energy Efficient IOT-enabled HVAC Systems
5.5 Impact Analysis of Drivers and Restraints
6. HVAC Sensors Market– Europe Analysis
6.1 Overview
6.2 Europe HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
6.3 Market Positioning – Market Players Ranking
7. Europe HVAC Sensors Market Analysis – By Type
7.1 Overview
7.2 Europe 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. Europe HVAC Sensors Market – By End User
8.1 Overview
8.2 Europe 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. Europe HVAC Sensors Market – Country Analysis
9.1 Overview
9.1.1 Europe: HVAC Sensors Market, By Country
9.1.1.1 France: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9.1.1.1.1 France: HVAC Sensors Market, by Type
9.1.1.1.2 France: HVAC Sensors Market, by End User
9.1.1.2 Germany: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9.1.1.2.1 Germany: HVAC Sensors Market, by Type
9.1.1.2.2 Germany: HVAC Sensors Market, by End User
9.1.1.3 Italy: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9.1.1.3.1 Italy: HVAC Sensors Market, by Type
9.1.1.3.2 Italy: HVAC Sensors Market, by End User
9.1.1.4 UK: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9.1.1.4.1 UK: HVAC Sensors Market, by Type
9.1.1.4.2 UK: HVAC Sensors Market, by End User
9.1.1.5 Russia: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9.1.1.5.1 Russia: HVAC Sensors Market, by Type
9.1.1.5.2 Russia: HVAC Sensors Market, by End User
9.1.1.6 Rest of Europe: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9.1.1.6.1 Rest of Europe: HVAC Sensors Market, by Type
9.1.1.6.2 Rest of Europe: HVAC Sensors Market, by End User
10. Impact of COVID-19 Outbreak
10.1 Europe: 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. Europe HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Table 2. France HVAC Sensors Market, By Type – Revenue and Forecast to 2027 (US$ million)
Table 3. France: HVAC Sensors Market, By Temperature Sensors – Revenue and Forecast to 2027 (US$ million)
Table 4. France HVAC Sensors Market, By End User – Revenue and Forecast to 2027 (US$ million)
Table 5. Germany HVAC Sensors Market, By Type – Revenue and Forecast to 2027 (US$ million)
Table 6. Germany: HVAC Sensors Market, By Temperature Sensors – Revenue and Forecast to 2027 (US$ million)
Table 7. Germany HVAC Sensors Market, By End User – Revenue and Forecast to 2027 (US$ million)
Table 8. Italy HVAC Sensors Market, By Type – Revenue and Forecast to 2027 (US$ million)
Table 9. Italy: HVAC Sensors Market, By Temperature Sensors – Revenue and Forecast to 2027 (US$ million)
Table 10. Italy HVAC Sensors Market, By End User – Revenue and Forecast to 2027 (US$ million)
Table 11. UK HVAC Sensors Market, By Type – Revenue and Forecast to 2027 (US$ million)
Table 12. UK: HVAC Sensors Market, By Temperature Sensors – Revenue and Forecast to 2027 (US$ million)
Table 13. UK HVAC Sensors Market, By End User – Revenue and Forecast to 2027 (US$ million)
Table 14. Russia HVAC Sensors Market, By Type – Revenue and Forecast to 2027 (US$ million)
Table 15. Russia: HVAC Sensors Market, By Temperature Sensors – Revenue and Forecast to 2027 (US$ million)
Table 16. Russia HVAC Sensors Market, By End User – Revenue and Forecast to 2027 (US$ million)
Table 17. Rest of Europe HVAC Sensors Market, By Type – Revenue and Forecast to 2027 (US$ million)
Table 18. Rest of Europe: HVAC Sensors Market, By Temperature Sensors – Revenue and Forecast to 2027 (US$ million)
Table 19. Rest of Europe HVAC Sensors Market, By End User – Revenue and Forecast to 2027 (US$ million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe HVAC Sensors Market Segmentation
Figure 2. Europe HVAC Sensors Market Segmentation – By Country
Figure 3. Europe HVAC Sensors Market Overview
Figure 4. Europe HVAC Sensors Market, by Country
Figure 5. Europe HVAC Sensors Market, By Type
Figure 6. Europe HVAC Sensors Market, By End User
Figure 7. Europe: PEST Analysis
Figure 8. Europe HVAC Sensors Market – Ecosystem Analysis
Figure 9. Europe HVAC Sensors Market Impact Analysis of Drivers and Restraints
Figure 10. Europe HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 11. Europe HVAC Sensors Market Revenue Share, by Type (2019 and 2027)
Figure 12. Europe Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 13. Europe NTC: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 14. Europe RTD: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 15. Europe Thermocouple: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 16. Europe Others: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 17. Europe Humidity Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 18. Europe Pressure & Flow Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 19. Europe Motion Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 20. Europe Smoke & Gas Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 21. Europe Other Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 22. Europe HVAC Sensors Market Revenue Share, by End User (2019 and 2027)
Figure 23. Europe Residential: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 24. Europe Commercial: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 25. Europe Industrial: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 26. Europe: HVAC Sensors Market Revenue Share, By Country (2019 and 2027)
Figure 27. France: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 28. Germany: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 29. Italy: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 30. UK: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 31. Russia: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 32. Rest of Europe: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 33. Impact of COVID-19 Pandemic in Europe 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 Europe 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 Europe 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 Europe 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