HVAC Pressure Sensors market trends and opportunity outlook

The global HVAC Pressure Sensors market is expected to reach USD 520.3 million by the end of 2027 with a CAGR of 5.7 percent during 2021-2027.

Pandemic disrupted operation, production and supply chain of the HVAC sensor market. However, according to this latest study, the 2021 growth of HVAC Pressure Sensors will have significant change from previous year. HVAC sensor is used to distinguish the input temperature with building or room temperature and maintain suitable temperature. They are utilised in chamber, duct, cable wall, etc., and control temperature, air pressure for variety of buildings, automotive, industrial and others.

HVAC Pressure Sensor is one kind of sensor used in HVAC system that allow technicians to easily monitor and adjust conditions to ensure the safety and comfort of the building’s inhabitants. The global HVAC Pressure Sensors market size was USD 352.1 million in 2020 and it is expected to reach USD 520.3 million by the end of 2027, with a CAGR of 5.7 percent during 2021-2027.

From perspective of type, HVAC Pressure Sensors can be split into Differential Pressure Sensors, Absolute Pressure Sensors, Gauge Pressure Sensors and Others. In 2019, Differential Pressure Sensors accounted for about 75 percent market share, which made it the largest segment of global HVAC Pressure Sensors.

Asia-Pacific is the largest consumption region of HVAC Pressure Sensors, with a consumption market share nearly 40 percent in 2019. The second place is North America following Asia-Pacific with the consumption market share over 26 percent in 2019. Major players of global HVAC Pressure Sensors market include Siemens, Schneider, Johnson Controls and Honeywell, Sensata Technologies, Danfoss Electronics, Emerson Electric, Sensirion, Setra Systems. Global giant manufactures mainly distributed in USA and Europe. The top 5 players totally took up a market share of about 55 percent in 2019. Siemens is in the first place, which accounted for above 16 percent of global market.