North America 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
Technological advancements have led to a competitive market in the region as the population gets attracted to several technological developments owing to high spending powers. With the increasing adoption of air conditioning, heating, and ventilation systems in commercial buildings of North America, the HVAC industry is constantly growing in the region. The HVAC sensors enable manufacturers to offer advancements such as improved temperature sensing, pressure sensing, and air quality improvement in HVAC systems. Besides, the rising adoption of connected HVAC systems is creating ample opportunities for the market players to develop advanced sensors detecting occupancy and light for energy saving. Further, rising demand for air quality improvement systems in the US is propelling the adoption of air quality sensors in HVAC systems. The market players are offering advanced sensors for new HVAC systems and retrofit sensing solutions for existing systems to improve their performance. For instance, in November 2020, Honeywell International Inc. introduced a new line of indoor air quality sensors (IAQ) and electronic air cleaners (EACs) with UV systems. The IAQ sensors integrated in the HVAC system improve the air quality of indoor spaces. These IAQ sensors are also suitable for retrofit installation in an existing HVAC system in buildings. The company is offering advanced sensors for both new and retrofit installation to upgrade the HVAC systems, which is a positive sign for the market growth. Factors such as rise in construction sector and increasing demand for HVAC sensors in the automotive sector are driving the growth of the North America HVAC sensors market.
Furthermore, in case of COVID-19, North America is highly affected specially the US. According to the American Institute of Architects (AIA), the construction sector in the US has been hit hard by the COVID-19 outbreak. The construction activity declined in 2020 and the trend is likely to prevail in 2021. The construction activities in terms of hospitality industry are declined by approximately 20%, by approximately 8% in the retail sector, and close to 11% in commercial offices. However, the construction of healthcare facilities and public safety have surged in 2020. The industries that install higher volumes of HVAC systems have been hit at various levels of degree by the COVID-19 pandemic. Hotels, hospitality, and restaurants, have been struggling due to concerns over contracting the virus, even after they could reopen. The Canadian and Mexican HVAC sensors market also witnessed and are experiencing similar tremors owing the widespread of COVID-19 virus. The commercial sector in the two countries have been witnessing significant shocks. Apart from commercial sector, the residential HVAC systems industry in Canada and Mexico also observed decline in sales owing to the concerns over rapid spread of the virus under cooler environments.
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Market Overview and Dynamics
The North America HVAC sensors market is expected to grow from US$ 633.83 million in 2019 to US$ 927.01 million by 2027; it is estimated to grow at a CAGR of 5.3 % from 2020 to 2027. Execution of smart, connected, and energy efficient IOT-enabled HVAC systems is expected to accelerate the market. HVAC system is one of the major electricity consumers, particularly in a commercial or residential building. At present, air conditioners and electric fans contribute to ~20% of the total electricity consumption in a building. The growing energy demands from HVAC systems is resulting in rising costs of electricity; therefore, the HVAC manufacturers are seeking ways to enhance their products’ energy efficiency and offer customers tools that can help them monitor their devices/systems. Advanced IoT-enabled sensors facilitate users to gain information on outdoor radiant temperature, indoor air temperature, circulation patterns, air speed, and indoor and outdoor humidity, among others. The information collected by the smart sensors is transferred to central database that connects the HVAC system to the internet. Through this, the status is then exported to apps and dashboards. It further enables importing information such as weather forecasts as well as user preferences. Automatic HVAC systems can be adjusted as per the forecasts and user preferences without the user input. IoT is transforming standalone systems into connected devices with integrated sensors facilitating building owners in saving energy consumption significantly in HVAC systems. The demand for smart IoT-enabled HVAC systems is anticipated to propel in coming days with the decreasing price of IOT-enabled sensors, which will drive the North America HVAC sensors market.
Key Market Segments
In terms of type, the temperature sensors segment accounted for the largest share of the North America HVAC sensors market in 2019. In terms of end user, the commercial segment held a larger market share of the North America 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 North America 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; Sensata Technologies, Inc.; Sensirion AG; Siemens AG; TE Connectivity Ltd.
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North America HVAC Sensors Market Segmentation
North America HVAC Sensors Market - By Type
- Temperature Sensors
- NTC
- RTD
- Thermocouple
- Others
- Humidity Sensors
- Pressure & Flow Sensors
- Motion Sensors
- Smoke & Gas Sensors
- Others
North America HVAC Sensors Market - By End User
- Residential
- Commercial
- Industrial
North America HVAC Sensors Market - By Country
- US
- Canada
- Mexico
North America HVAC Sensors Market - Company Profiles
- BELIMO AIRCONTROLS (USA), INC.
- Emerson Electric Co.
- Honeywell International Inc.
- Johnson Controls, Inc.
- Schneider Electric
- 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. North America HVAC Sensors Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
5. North America HVAC Sensors Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Construction Sector
5.1.2 Increasing Demand for HVAC Sensors in the Automotive Sector
5.2 Market Restraints
5.2.1 Problem Related to Motion-Activated Air Conditioners
5.3 Market Opportunities
5.3.1 Establishment of Smart Cities
5.4 Future Trends
5.4.1 Execution of Smart, Connected, and Energy Efficient IOT-enabled HVAC Systems
5.5 Impact Analysis of Drivers and Restraints
6. HVAC Sensors Market – North America Analysis
6.1 Overview
6.2 North America HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
6.3 Market Positioning – Market Players Ranking
7. North America HVAC Sensors Market Analysis – By Type
7.1 Overview
7.2 North America 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. North America HVAC Sensors Market – By End User
8.1 Overview
8.2 North America 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. North America HVAC Sensors Market – Country Analysis
9.1 Overview
9.1.1 North America: HVAC Sensors Market, by Key Country
9.1.1.1 US: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9.1.1.1.1 US: HVAC Sensors Market, by Type
9.1.1.1.2 US: HVAC Sensors Market, by End User
9.1.1.2 Canada: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9.1.1.2.1 Canada: HVAC Sensors Market, by Type
9.1.1.2.2 Canada: HVAC Sensors Market, by End User
9.1.1.3 Mexico: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
9.1.1.3.1 Mexico: HVAC Sensors Market, by Type
9.1.1.3.2 Mexico: HVAC Sensors Market, by End User
10. Impact of COVID-19 Outbreak
10.1 North America: 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 Sensata Technologies, Inc.
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 BELIMO AIRCONTROLS (USA), 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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Table 2. US: HVAC Sensors Market, by Type –Revenue and Forecast to 2027 (US$ million)
Table 3. US: HVAC Sensors Market, By Temperature Sensors – Revenue and Forecast to 2027 (US$ million)
Table 4. US: HVAC Sensors Market, by End User –Revenue and Forecast to 2027 (US$ million)
Table 5. Canada: HVAC Sensors Market, By Type – Revenue ad Forecast to 2027 (US$ million)
Table 6. Canada: HVAC Sensors Market, By Temperature Sensors – Revenue and Forecast to 2027 (US$ million)
Table 7. Canada: HVAC Sensors Market, By End User – Revenue and Forecast to 2027 (US$ million)
Table 8. Mexico: HVAC Sensors Market, By Type – Revenue and Forecast to 2027 (US$ million)
Table 9. Mexico: HVAC Sensors Market, By Temperature Sensors – Revenue and Forecast to 2027 (US$ million)
Table 10. Mexico: HVAC Sensors Market, By End User – Revenue and Forecast to 2027 (US$ million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America HVAC Sensors Market Segmentation
Figure 2. North America HVAC Sensors Market Segmentation – By Country
Figure 3. North America HVAC Sensors Market Overview
Figure 4. North America HVAC Sensors Market, by Country
Figure 5. North America HVAC Sensors Market, By Type
Figure 6. North America HVAC Sensors Market, By End User
Figure 7. North America: PEST Analysis
Figure 8. North America HVAC Sensors Market – Ecosystem Analysis
Figure 9. North America HVAC Sensors Market Impact Analysis of Drivers and Restraints
Figure 10. North America HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 11. North America HVAC Sensors Market Revenue Share, by Type (2019 and 2027)
Figure 12. North America Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 13. North America NTC: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 14. North America RTD: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 15. North America Thermocouple: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 16. North America Others: Temperature Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 17. North America Humidity Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 18. North America Pressure & Flow Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 19. North America Motion Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 20. North America Smoke & Gas Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 21. North America Other Sensors: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 22. North America HVAC Sensors Market Revenue Share, by End User (2019 and 2027)
Figure 23. North America Residential: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 24. North America Commercial: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 25. North America Industrial: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 26. North America: HVAC Sensors Market Revenue Share, by Key Country (2019 and 2027)
Figure 27. US: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 28. Canada: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 29. Mexico: HVAC Sensors Market – Revenue and Forecast to 2027 (US$ million)
Figure 30. Impact of COVID-19 Pandemic in North American Country Markets
- BELIMO AIRCONTROLS (USA), INC.
- Emerson Electric Co.
- Honeywell International Inc.
- Johnson Controls, Inc.
- Schneider Electric
- 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 North America HVAC sensors market.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the HVAC sensors market, as well as those hindering it
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