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.
The UK, Germany, France, Italy, and Russia are major economies in Europe. Rising demand for HVAC sensors in the automotive sector is expected to upsurge the Europe HVAC sensors market. Rising number of annual automotive sales is considered a significant factor contributing to the growth of the Europe HAVC sensors market. Requirement for automatic as well as well-regulated air-conditioning in automobiles is constantly growing. As the sensor systems used in automobiles are becoming more complex in design and functionalities, the demand for high-quality economical sensors is increasing. Additionally, governments in several countries are implementing regulations concerning emission control, which is influencing the demand for temperature sensors. The advancement in HVAC sensors used in automobiles enables zone-wise climate control and provides protection from external harmful gases and odor. Pressure sensors, temperature sensors, and air quality sensors are among the advanced sensors used to perform these actions. Moreover, the automotive manufacturers are making constant efforts to further improve the vehicle comfort concerning climate. These developments coupled with rising automotive sales are propelling the growth of the Europe HVAC sensors market. Automotive vehicle sales, especially passenger vehicles, have a profound influence over the market's growth. The steady demand from aftermarket sales is also anticipated to gain traction during the coming years. Factors, such as significant number of existing vehicles and constant demand from countries with varying temperature conditions, are expected to contribute considerably to rising demand of HVAC sensors from aftermarket sales. Hence, the Europe HVAC sensors market is projected to witness a steady growth during the forecast period.
Further, 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.
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 Europe HVAC sensors market. The Europe HVAC sensors market is expected to grow at a good CAGR during the forecast period.
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Europe HVAC Sensors Market Segmentation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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 -Companies Mentioned
- 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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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