HVAC/R Sensors Market
HVAC/R Sensors Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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HVAC/R Sensors Market Size and Growth
The HVAC/R sensors market has experienced significant growth, driven by increasing demand for energy efficiency and smart building technologies. In 2023, the market size is estimated to be around $2.5 billion, with a projected CAGR of 8% over the next five years, highlighting the rising importance of temperature, humidity, and pressure control.
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Companies Covered
(Covid 19 Impact Covered)
◍ Siemens AG
◍ Schneider Electric
◍ Johnson Controls
◍ Honeywell International Inc.
◍ Sensata Technologies Inc.
◍ United Technologies Corporation
◍ Ingersoll Rand
◍ Emerson Electric
◍ Sensirion AG
◍ TE Connectivity
The HVAC/R sensors market features major players like Siemens AG, Schneider Electric, and Honeywell, which enhance efficiency and control in HVAC systems. Companies like Johnson Controls and Emerson leverage sensor technologies to improve performance. Collective innovations boost revenue, with significant sales reported: Honeywell ($34 billion), Siemens ($63 billion), and Emerson ($18 billion).
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Market Segmentation
By Application
Commercial
Residential
Industrial ◍ Transportation & Logistics
By Product
◍ Temperature Sensors ◍ Humidity Sensors ◍ Pressure Sensors
Air Quality Sensors
Others
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Market Growth
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$ X Billion USD
