The handheld HVAC monitoring devices market in SAM is expected to grow from US$ 36.46 million in 2021 to US$ 44.71 million by 2028; it is estimated to grow at a CAGR of 3.0% from 2021 to 2028.
The surge in the regional population has led to an increase in construction activities to fulfill household demands. Additionally, the increase in urbanization and industrialization activities in developing economies has increased commercial projects supported by governments and investments in the construction industry. Thus, an increase in construction, urbanization, and industrialization activities are likely to create the demand for an effective HVAC system, promoting the growth of handheld HVAC monitoring devices. Additionally, a surge in automation activities in residential, commercial, and industrial segments has increased energy consumption on a large scale. Further, the increase in electricity-based HVAC systems has created pressure on electricity production 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 environment conservation has increased the demand for energy-efficient buildings, further driving the growth of the handheld HVAC monitoring device market. Furthermore, the rising population has increased the demand for essential products such as consumer goods and food and beverages; this further increased the production and storage of such products. Some of the products are liable to degrade in case of improper storage capabilities. HVAC provides favorable climatic conditions, proper storage, and transportation of volatile goods such as food and beverage, vaccines and others creating the need for HAVC system and portable monitoring devices. Moreover, procurement and usage of portable handheld HVAC monitoring devices are expected to boost the growth of the handheld HVAC monitoring device market. Thus, an increase in construction and urbanization activities associated with rising demand for industrialization and energy-efficient buildings drive the growth of the handheld HVAC monitoring device market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the weather monitoring system market. The SAM handheld HVAC monitoring devices market is expected to grow at a good CAGR during the forecast period.
SAM Handheld HVAC Monitoring Devices Market Revenue and Forecast to 2028 (US$ Million)
SAM Handheld HVAC Monitoring Devices Market Segmentation
The SAM handheld HVAC monitoring devices market is segmented based on product type, application and country. Based on device type, the market is segmented into temperature and humidity meters, gas detector, airflow meter, HVAC multimeter, and pressure gauge meter. The pressure gauge meter segment dominated the market in 2020 and temperature and humidity meters segment is expected to be the fastest growing during the forecast period. Based on application, the market is segmented into commercial, residential, and industrial. The commercial segment dominated the market in 2020 and industrial segment is expected to be the fastest growing during the forecast period. Based on country, the SAM handheld HVAC monitoring devices market is classified into Brazil and Rest of MEA. 3M; Aeroqual Ltd; Fluke Corporation; Honeywell International Inc.; Met One Instruments Inc.; and Testo SE & Co. KGaA are among the leading companies in the SAM handheld HVAC monitoring devices market.
South America Handheld HVAC Monitoring Devices Market Strategic Insights
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South America Handheld HVAC Monitoring Devices Market Segmentation Analysis
South America Handheld HVAC Monitoring Devices Market Report Highlights
South America Handheld HVAC Monitoring Devices Report Scope
Report Attribute
Details
Market size in 2021
US$ 36.46 Million
Market Size by 2028
US$ 44.71 Million
CAGR (2021 - 2028)
3.0%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Device Type
Temperature and Humidity Meters
Gas Detector
HVAC Multimeter
Airflow Meter
Pressure Gauge Meter
By Application
Residential
Industrial
Commercial
Regions and Countries Covered
South and Central America
Brazil
Argentina
Rest of South and Central America
Market leaders and key company profiles
3M
Aeroqual Ltd
Fluke Corporation
Honeywell International Inc.
Met One Instruments Inc.
Testo SE & Co. KGaA
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South 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 - South America Handheld HVAC Monitoring Devices Market
3M
Aeroqual Ltd
Fluke Corporation
Honeywell International Inc.
Met One Instruments Inc.
Testo SE & Co. KGaA
Frequently Asked Questions
How big is the South America Handheld HVAC Monitoring Devices Market?
The South America Handheld HVAC Monitoring Devices Market is valued at US$ 36.46 Million in 2021, it is projected to reach US$ 44.71 Million by 2028.
What is the CAGR for South America Handheld HVAC Monitoring Devices Market by (2021 - 2028)?
As per our report South America Handheld HVAC Monitoring Devices Market, the market size is valued at US$ 36.46 Million in 2021, projecting it to reach US$ 44.71 Million by 2028. This translates to a CAGR of approximately 3.0% during the forecast period.
What segments are covered in this report?
The South America Handheld HVAC Monitoring Devices Market report typically cover these key segments-
Device Type (Temperature and Humidity Meters, Gas Detector, HVAC Multimeter, Airflow Meter, Pressure Gauge Meter)
Application (Residential, Industrial, Commercial)
What is the historic period, base year, and forecast period taken for South 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 South America Handheld HVAC Monitoring Devices Market report:
Historic Period : 2019-2020
Base Year : 2021
Forecast Period : 2022-2028
Who are the major players in South America Handheld HVAC Monitoring Devices Market?
The South 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.
Met One Instruments Inc.
Testo SE & Co. KGaA
Who should buy this report?
The South 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 South America Handheld HVAC Monitoring Devices Market value chain can benefit from the information contained in a comprehensive market report.
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