The handheld HVAC monitoring devices market in North America is expected to grow from US$ 411.15 million in 2021 to US$ 572.53 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028.
The surge in the regional population has led to an increase in construction activities to fulfill household demands. Additionally, a rise in urbanization and industrialization activities in developing economies has led to an increase in commercial projects supported by governments and investments in the construction industry. The resultant developments in infrastructure are likely to create the demand for effective HVAC systems. Additionally, energy consumption has elevated with a surge in automation in residential, commercial, and industrial operations. The use of electrical HVAC systems creates pressure on electricity generation plants and affects the environment across the region. There has been an increase in environment-friendly approaches and inclination toward geothermal HVAC systems to overcome environmental problems. Moreover, increasing awareness about environmental conservation highlights the need for energy-efficient buildings, further driving the growth of the handheld HVAC monitoring device market.
With the continuous growth of the population worldwide, the demand for essential products such as consumer goods, and food and beverages is also on rise; this further escalates the requirement for production and storage facilities for these products. HVAC provides favorable climatic conditions, and proper storage and transportation of perishable goods, such as food and beverages, and vaccines. Thus, a surge in construction and urbanization activities, associated with the rising demand for industrialization and energy-efficient buildings, drives the growth of the handheld HVAC monitoring device market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America handheld HVAC monitoring devices market at a notable CAGR during the forecast period.
North America Handheld HVAC Monitoring Devices Market Revenue and Forecast to 2028 (US$ Million)
North America Handheld HVAC Monitoring Devices Market Segmentation
The North America handheld HVAC monitoring devices market is segmented on the basis of product type, application, and country. Based on device type, the market is segmented into temperature and humidity meters, gas detectors, airflow meters, HVAC multimeters, and pressure gauge meters. The pressure gauge meters segment dominated the market in 2020, and the temperature and humidity meters segment is expected register the fastest CAGR during the forecast period. Based on application, the North America handheld HVAC monitoring devices market is segmented into commercial, residential, and industrial. The industrial segment dominated the market in 2020, and the commercial segment is expected register the highest CAGR during the forecast period. Based on country, the North America handheld HVAC monitoring devices market is classified as the US, Canada, and Mexico.
3M; Aeroqual Ltd; Fluke Corporation; Honeywell International Inc.; Kanomax USA, Inc.; Met One Instruments Inc.; PCE Deutschland GmbH; Testo SE & Co. KGaA; and TSI Incorporated are among the leading companies in the North America handheld HVAC monitoring devices market.
North America Handheld HVAC Monitoring Devices Market Strategic Insights
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North America Handheld HVAC Monitoring Devices Market Segmentation Analysis
North America Handheld HVAC Monitoring Devices Market Report Highlights
North America Handheld HVAC Monitoring Devices Report Scope
Report Attribute
Details
Market size in 2021
US$ 411.15 Million
Market Size by 2028
US$ 572.53 Million
CAGR (2021 - 2028)
4.8%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Device Type
Temperature and Humidity Meters
Gas Detectors
HVAC Multimeters
Airflow Meters
Pressure Gauge Meters
By Application
Residential
Industrial
Commercial
Regions and Countries Covered
North America
US
Canada
Mexico
Market leaders and key company profiles
3M
Aeroqual Ltd
Fluke Corporation
Honeywell International Inc.
Kanomax USA, Inc.
Met One Instruments Inc.
PCE Deutschland GmbH
Testo SE & Co. KGaA
TSI Incorporated
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North America Handheld HVAC Monitoring Devices Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - North America Handheld HVAC Monitoring Devices Market
3M
Aeroqual Ltd
Fluke Corporation
Honeywell International Inc.
Kanomax USA, Inc.
Met One Instruments Inc.
PCE Deutschland GmbH
Testo SE & Co. KGaA
TSI Incorporated
Frequently Asked Questions
How big is the North America Handheld HVAC Monitoring Devices Market?
The North America Handheld HVAC Monitoring Devices Market is valued at US$ 411.15 Million in 2021, it is projected to reach US$ 572.53 Million by 2028.
What is the CAGR for North America Handheld HVAC Monitoring Devices Market by (2021 - 2028)?
As per our report North America Handheld HVAC Monitoring Devices Market, the market size is valued at US$ 411.15 Million in 2021, projecting it to reach US$ 572.53 Million by 2028. This translates to a CAGR of approximately 4.8% during the forecast period.
What segments are covered in this report?
The North America Handheld HVAC Monitoring Devices Market report typically cover these key segments-
Device Type (Temperature and Humidity Meters, Gas Detectors, HVAC Multimeters, Airflow Meters, Pressure Gauge Meters)
Application (Residential, Industrial, Commercial)
What is the historic period, base year, and forecast period taken for North America Handheld HVAC Monitoring Devices Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Handheld HVAC Monitoring Devices Market report:
Historic Period : 2019-2020
Base Year : 2021
Forecast Period : 2022-2028
Who are the major players in North America Handheld HVAC Monitoring Devices Market?
The North America Handheld HVAC Monitoring Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
3M
Aeroqual Ltd
Fluke Corporation
Honeywell International Inc.
Kanomax USA, Inc.
Met One Instruments Inc.
PCE Deutschland GmbH
Testo SE & Co. KGaA
TSI Incorporated
Who should buy this report?
The North America Handheld HVAC Monitoring Devices Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the North America Handheld HVAC Monitoring Devices Market value chain can benefit from the information contained in a comprehensive market report.
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