HVAC Sensor Market (2024-2030)_Sample Extract

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Topics Slide No Chapter 01: HVAC Sensor Market Overview Chapter 01: HVAC Sensor Market Overview - 004 Chapter 02: HVAC Sensor Market Executive Summary Chapter 02: HVAC Sensor Market Executive Summary - 017 Chapter 03: HVAC Sensor Market Landscape Chapter 03: HVAC Sensor Market Landscape - 023 Chapter 04: HVAC Sensor Market Forces Chapter 04: HVAC Sensor Market Forces - 031 Chapter 05: HVAC Sensor Market Strategic Analysis Chapter 05: HVAC Sensor Market Strategic Analysis - 041 Chapter 06: HVAC Sensor Market - By Sensor Type Chapter 06: HVAC Sensor Market - By Sensor Type - 049 Chapter 07: HVAC Sensor Market - By Application Chapter 07: HVAC Sensor Market - By Application - 058 Chapter 08: HVAC Sensor Market - By End-use Industry Chapter 08: HVAC Sensor Market - By End-use Industry - 082 Chapter 09: HVAC Sensor Market - By Geography Chapter 09: HVAC Sensor Market - By Geography - 098 Chapter 10: HVAC Sensor Market Entropy - 135 Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Chapter 11: HVAC Sensor Market Company Analysis Chapter 11: HVAC Sensor Market Company Analysis - 137 Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Definition & Market Scope • Heating Ventilating and Air Conditioning (HVAC) sensors compare the input temperature for a system with the temperature of the state of the room or vehicle and further aid in adjusting the required temperature and maintain the desired temperature. The HVAC sensors also handle the regulating and monitoring of various activities like air temperature, pressure and quality. • The base year of the study is 2022, with a forecast done up to 2028. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. • The market size is provided by revenue (US$ Million) and volume (Million Units). Overview ❖ HVAC sensors are being extensively adopted in various applications over the past few years across diverse industry verticals such as Automotive, Commercial, Residential and others. Various HVAC sensors namely pressure sensors, temperature sensors, pressure sensors and more are gaining popularity in the recent years owing to their capability to provide thermal comfort and maintaining good air quality in indoor and vehicular environments in HVAC systems. ❖ HVAC sensors are being commonly used because of the growing need to reduce energy consumption. Due to the high energy costs, HVAC systems need to be accurate, efficient and reliable. Sensors help in controlling and monitoring the temperature and more while maintaining the energy efficiency and accuracy. Governments as well as regulatory agencies are focusing on improving the energy consumption in buildings using HVAC controls. ❖ One of key trends which has led to the growth of the HVAC sensors is the growing usage of Building Energy Management System (BEMS). BEMS is a sophisticated method to monitor and control the building's energy needs. It provides real-time remote monitoring and integrated control of a wide range of connected systems, Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC allowing modes of operation, energy use, environmental conditions and so on to be monitored to optimize performance and comfort. ❖ Increasing emphasis on industrial automation coupled with the increasing concerns on maintaining indoor air quality and thermal environment drive the demand for these sensors. Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Market Classification By Sensor Type By Application By End-Use Industry By Geography •Temperature Sensor • Humidity Sensor • CO, CO2 Sensors • Pressure Sensor • Occupancy Sensor • Flow Sensor • Others • Room Air Temperature • Solar Refrigerators • Solar Water Heaters • Boiler Controls • Duct Air Temperature • Duct Air Pressure • Commercial Chillers • Commercial Cooking Equipment • Compressors and Motors • Container Storage • Electronic Expansion Valves • Forced Air Furnaces • Heat Pumps • Ice Machine • Air Conditioner • Pool Heater Equipment • Refrigerator • Beverage Dispensing • Underfloor Heating and Ice Melting • Water Heaters • Others • Aerospace • Automotive • Chemical • Energy and Power • Food and Beverage • Medical • Metal Processing • Mining • Oil and Gas • Pharmaceutical • Plastic • Rubber • Water • Others • North America • South America • Europe • APAC • RoW Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Research Methodology Flowchart Market Scope & Definition Preliminary Research Data Gathering Data Triangulation Data Synthesis Data Analysis Data Validation Verification Quality Assurance Preliminary Research In the initial stage of research, the scope of the HVAC Sensor market is defined. In this preliminary stage, the key data points in the market are identified which can be used to estimate the market to the best extent. The scope of this report primarily focuses on the revenue generated from the services provided by the major players. Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC To better gauge the market, the secondary focus is on different layers in the HVAC Sensor market, such as services catering to disparate segments like applications. Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

For this market, the volume of HVAC Sensor as well as the varying price points were identified as key informational conjectures for market estimation in 2023. Market performance and trending market dynamics are some of the key questions that are studied during this stage. It also involves studying market factors and changing trends that are expected to affect the market in the future. Data Gathering Based on the scope of the market and the key data points, several secondary sources have been utilized for data gathering. The data gathering stage comprises a team of analysts who gather data by researching secondary research resources, accessing proprietary databases, and with primary research reaching out to key industry participants and opinion leaders (Sales & Marketing Directors, Services, Managers, Market Intelligence Directors as well as Technical Experts and Administrators) throughout HVAC Sensor including end-use environments forming a crucial aspect of the value chain. The key sources for estimations remained the investments made by end-user verticals along with the sales figures of services suppliers in the market. Also, various trade bodies and associations were taken into consideration to understand the dynamics of each industry vertical and their respective investment scenarios. Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Stakeholders Data Synthesis In this stage, a team of analysts incorporates the data that has been gathered by corroborating with various sources. These sources include industry participants, In- Research & Development house models, regulatory bodies key opinion leaders in the market ecosystem, and databases. In this stage, patterns in historical data are identified and compared with the current scenario. Based on the Macro and Micro factors prevalent in various HVAC Sensor geographies, various data models are used to assess the key countries for the market. Regulatory Bodies/Testing Authorities The analysis also includes the identification of new companies that have entered the market scenario and their impact on the market dynamics in the future. The data regarding end users is gathered from various secondary sources (given towards the Distributors end of the presentation). End User Segments Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Assumptions & Research Methodology for HVAC Sensor Market HVAC Sensor Market Description • Nominal values (i.e. values are not adjusted w.r.t inflation) are considered in the market estimation. • The base year is 2022 and 2023 is the estimated year. The forecast period is between 2023 and 2028. Historic and Forecast Value Average weighted selling prices of HVAC Sensor with respect to their diversified application are considered while arriving on the market in terms of volume. Pricing Average year USD exchange is considered for the estimation of historic values and average five years exchange rate is considered for forecast values. Exchange Rate Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

HeXa-Grid Paradigm: 6. Data Presentation Data Analysis, Summarization, Key Finding & Reporting is done for the efficient dissemination of information 5. Data Triangulation & Validation After data compilation, it is validated with various key opinion leaders and C-level Executives globally 4. Data Interpretation & Assessment Based on the macro and micro factors prevalent in various geographies, proprietary data models are used to assess the key countries for the market 1. Scope Definition: Defining the scope of the Report: Analyzing its Services, operations, and Geographic penetration Market Assessment Competitive Landscape 2. Secondary Research: Based on the scope and segmentation, secondary research is done using public, private and subscribed sources 3. Primary Research: Reach out to all the stakeholders involved in an ecosystem: Copyright ©2024 IndustryARC Industry Expert’s insights took to gauge and validate key data points Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

HVAC Sensor Market Value, 2022-2028 ($M) HVAC Sensor Market Volume, 2022-2028 (Million Units) 3,000.00 3,500.00 2,500.00 3,000.00 Volume(Million Units) 2,500.00 2,000.00 Revenue($M) 2,000.00 1,500.00 1,500.00 1,000.00 1,000.00 500.00 500.00 0.00 0.00 2022 2023 2024 2025 2026 2027 2028 2022 2023 2024 2025 2026 2027 2028 ❖ HVAC Sensors market size is about $2,093.29 million in 2022 and it is expected to reach $2.875.20 million by the end of 2028, with a CAGR of 5.34% during the forecast period 2023-2028. ❖ The development of low-cost contemporary technologies has made HVAC sensors employed in various industries—such as automotive and industrial—an essential part of equipment. As a result of its enormous advantages over all other sensors now in utilization, this characteristic has had a significant influence on market growth, and it is anticipated that usage of this cutting-edge technology will spread quickly in the future years. Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC ❖ One of the main reasons fueling the market's expansion is the fast development in industrialization and urbanization throughout the world. HVAC sensors are in high demand due to the global rise in the development of the automotive industry. Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

HVAC Sensor Market Revenue Share, By Sensor Type, 2022 (%) HVAC Sensor Market Revenue Share, By Sensor Type, 2028 (%) HVAC Sensor Market Revenue CAGR , By Value, By Sensor Type, 2023-2028 (%) Others Temperature Sensor Temperature Sensor Flow Sensor Humidity Sensor Humidity Sensor By Sensor Type Occupancy Sensor CO, CO2 Sensors CO, CO2 Sensors Pressure Sensor Pressure Sensor Pressure Sensor CO, CO2 Sensors Occupancy Sensor Occupancy Sensor Humidity Sensor Flow Sensor Flow Sensor Others Temperature Sensor Others 0.0% 2.0% 4.0% 6.0% 8.0% CAGR (%) ❖ The CO, CO2 sensor segment held the largest share in the HVAC sensor market in 2022 and is anticipated to grow at a CAGR of 6.48% by revenue through the forecast period 2023-2028. ❖ CO, and CO2 sensors are the most common types of gas detection sensors used in HVAC systems. ❖ Due to the pandemic, customers have become aware of the indoor air quality and the demand for HVAC sensors that employ CO2 sensors has shot up. ❖ For instance, in June 2022, Siemens equipped its RDG200 thermostat with new CO2 monitoring and control features with a built-in CO2 sensor for monitoring and Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC controlling indoor air quality to provide a healthy indoor climate and a safe place to work. In August 2021, Sensiron launched a new product in its SCD4x miniaturized CO₂ sensor series. Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

HVAC Sensor Market - Drivers Short Term Medium Term Long Term Drivers (2023-2024) (2025-2026) (2027-2028) Need to Replace and Modernize Older HVAC Systems to Reduce Power Consumption Increasing Popularity of Smart Homes Growing Adoption of Building Energy Management System (BEMS) Low High Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Source: IndustryARC Analysis & Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Need to Replace and Modernize Older HVAC Systems to Reduce Power Consumption ❖ Buildings are estimated to account for nearly a third of the world’s energy consumption and almost 40% of energy-related carbon dioxide emissions, according to the World Economic Forum. ❖ The World Green Building Council says nearly a third of those emissions are due to a building’s operations, such as the energy used to heat, cool, and power the facility. ❖ According to Iota Communications, the average office building spends $30,000 per year on energy costs. HVAC systems often consume the most energy in a commercial building. According to the U.S. Department of Energy, HVAC systems use about 35% of a building’s energy on average. ❖ An outdated HVAC system will use up more energy and deteriorate, making it work less efficiently. According to the Department of Energy, switching to high- efficiency air conditioners could reduce energy use for air conditioning by 20% to 50%. ❖ The pandemic has raised awareness about good HVAC systems. During the pandemic, there was a surge in the demand for HVAC systems with air purification features. Modernized ventilation systems provide an important public health function that filtrate the air and reduce airborne contaminants, including particles containing viruses. ❖ Realizing the importance of HVAC systems, the Connecticut State Department of Education, the Connecticut Department of Energy and Environmental Protection, and the Connecticut Department of Public Health launched the Connecticut Public Schools HVAC/Indoor Air Quality Grant Program, in September 2022. According Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC to the Governor of Connecticut, many school buildings in the state, particularly those that are of a certain age, are in serious need of air quality improvements. The administration released $150 million towards the grant program dedicated to supporting upgrades for HVAC systems in Connecticut public schools. Under this program schools can choose to install or upgrade air conditioning or ventilation systems. Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

HVAC Sensor Market Value Chain ❖ The value chain analysis deals with the comprehensive evaluation of each activity involved in the processing of any product and finally delivering it to the end- users. Each stage across the value chain of the product or service is associated with creating some sort of monetary value. Raw Material Suppliers Sub Component manufacturer Legislative Authorities Research Organizations HVAC Sensor Manufacturer HVAC Component Manufacturer Raw Material Vendor Instrumentation OEM Seals/ paints/ others Electrical OEM Mechanical OEM Electronic OEM HVAC OEM Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Component Traders and Distributors HVAC Testing & Certification Organization HVAC Traders & Distributors After-market Service Providers Source: IndustryARC Analysis and Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

❖ The value chain for the HVAC sensor market depicts several actors such as component/ subcomponent manufacturers, end users, distributors, raw material suppliers, research organizations and patent holders, various legislative authorities as well as testing and certifying bodies. Value is added at each step starting from the subcomponent manufacturer. ❖ Initially, the product specification developed by the R&D department (in case of the new product) or pre-specified requirements is given to the component manufacturer who then forwards their requirements to the component/ subcomponent manufacturer. The specification sometimes includes customized products based on the HVAC sensor specifications and demands the equipment to be manufactured as per the specifications. ❖ At each phase, the device/components/ subcomponents have to be manufactured as per the industry standards. There are a number of certifying bodies such as Energy Star, Environmental Protection Agency, and so on which specify the requirements of the HVAC products for each phase of the value chain. ❖ At times, these certifications do provide an edge over the competitor’s product that guarantees the quality and reliability of the equipment. Also, increasing concerns regarding the environment combined with the need for higher energy-efficient products gives an upper hand to the certified equipment. ❖ Multiple entities including contractors, distributors, manufacturer representatives, architects, and mechanical engineers influence the buyer’s decision. In addition, higher capital investment related to highly efficient and large-scale equipment involves commitment and consensus from several departments of the company. ❖ In addition to low energy costs, efficient HVAC systems have many non-energy benefits such as reducing indoor pollutants, maintaining air humidity, and reducing Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC HVAC noise. Thus, HVAC sensors to control these conditions are gaining prominence. Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

HVAC Sensor Market, Opportunity Analysis Short Term Medium Term Long Term Opportunity (2023–2024) (2025–2026) (2027–2028) Increasing use of Smart HVACs Growing Demand for CO2 Sensors Low High Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Temperature Sensor: HVAC Sensor Market Revenue, 2022-2028 ($ Million) ❖ Temperature sensor adjusts the heating and air conditioning and measures air and water temperature to increase or decrease the air temperature based on the programmed setpoint preventing wasted energy. ❖ The types of temperature sensors are thermistors, Resistance Temperature Detectors (RTDs), and thermocouples. ❖ Thermistors are electronic components sensitive to slight ambient temperature alteration. These components are 200.00 150.00 Revenue ($M) resistors made of semiconductor materials displaying large changes in resistance with small changes in the 100.00 surrounding temperature. These sensors feature good accuracy, stability, and repeatability with high immunity to electrical noise owing to which these are employed for industrial temperature sensing applications including 50.00 HVAC. 0.00 ❖ Resistance Temperature Detector (RTD) is a material employed for Resistance Temperature Detectors including 2022 2023 2024 2025 2026 2027 2028 platinum, nickel, copper, and tungsten among others. ❖ Thermocouples consist of bimetallic strips that are capable of generating a small voltage(or EMF) when a Temperature Sensor: HVAC Sensor Market Volume, 2022-2028 (Million Units) temperature differential is provided between the two junctions of welded metal joints. The temperature is thus 1,800.00 measured concerning the datum point provided at the second junction of the thermocouple. These sensors are 1,600.00 1,400.00 Volume (Million Units) employed for industrial, residential, and commercial heating systems to measure the temperature of furnaces or 1,200.00 boilers. 1,000.00 ❖ The increasing launches of temperature sensors are driving the market growth, for instance, in 2021, Leading UK 800.00 600.00 smart sensor manufacturer Pressac launched a new indoor air quality (IAQ) temperature sensor to its wide range 400.00 Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC of products, to ensure the buildings meet the required standards and keep staff and visitors safe and healthy. ❖ The temperature sensor segment is valued at $475.02 million in 2022 and is expected to grow at a CAGR of 3.49% 200.00 0.00 2022 2023 2024 2025 2026 2027 2028 to reach $184.83 million by 2028. Source: IndustryARC Analysis & Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Humidity Sensor: HVAC Sensor Market Revenue, 2022-2028 ($ Million) 800.00 ❖ Humidity sensors are electronic devices that measure and report the moisture and air temperature of the surrounding environment where they are deployed such as in air, soil, or confined spaces. Humidity 700.00 measurements indicate the concentration of water vapor present in the air. ❖ The types of humidity sensors are capacitive humidity sensors, resistive humidity sensors, and thermal 600.00 Revenue ($M) 500.00 humidity sensors. ❖ Capacitive humidity sensors consist of hygroscopic dielectric material which on exposure to humidity 400.00 300.00 200.00 higher than the reference value results in a change of capacitance. The dielectric is a plastic or polymer 100.00 material with a constant in the range of 2 to 15 in the absence of moisture. ❖ Resistive humidity sensors work on the principle of change in impedance of hygroscopic medium on 0.00 2022 2023 2024 2025 2026 2027 2028 exposure to moisture. When the sensor is placed in a humid environment the hygroscopic layers absorb Humidity Sensor: HVAC Sensor Market Volume, 2022-2028 (Million Units) 250.00 moisture resulting in to increase in electrical conductivity which is then calibrated with known references. ❖ Thermal humidity sensors or absolute humidity sensors measure humidity with reference to the 200.00 Volume (Million Units) difference between the thermal conductivity of dry air with respect to moisture-laden air. It consists of 150.00 two NTC thermistors of similar characteristics one encapsulated in dry nitrogen and the other exposed 100.00 to the target environment. ❖ The increasing launches of humidity sensors are driving the market growth, for instance, in 2021, ABB 50.00 Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC launched its first touch-free smart humidity sensor to reduce indoor air humidity. ❖ The humidity sensor segment is valued at $475.02 million in 2022 and is expected to grow at a CAGR of 0.00 2022 2023 2024 2025 2026 2027 2028 6.11% to reach $682.78 million by 2028. Source: IndustryARC Analysis & Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

HVAC Sensor Market Revenue CAGR, By Application, 2023-2028 (%) Others Water Heaters Underfloor Heating and Ice Melting Beverage Dispensing Refrigerator Pool Heater Equipment Air Conditioner Ice Machine Heat Pumps By Application Forced Air Furnaces Electronic Expansion Valves Container Storage Compressors and Motors Commercial Cooking Equipment Commercial Chillers Duct Air Pressure Duct Air Temperature Boiler Controls Solar Water Heaters Solar Refrigerators Room Air Temperature Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC 5.00% 6.00% 0.00% 1.00% 2.00% 3.00% 4.00% 7.00% 8.00% CAGR (%) Source: IndustryARC Analysis & Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Room Air Temperature: HVAC Sensor Market Revenue, 2022- 2028 ($M) 250.00 ❖ HVAC sensors for rooms monitor and share data on occupancy activity patterns and environmental changes in temperature, humidity, and CO2. ❖ The latest ones nowadays also have motion-sensing capabilities. When a person enters a room the 200.00 Revenue ($M) HVAC unit turns on and when the room is vacant, the unit is off. This aids in energy saving. 150.00 ❖ This data is invaluable in ensuring occupant comfort. It allows energy savings by controlling the 100.00 temperature to an unoccupied setpoint. 50.00 ❖ According to the European Commission’s Directorate-General for Environment, HVAC systems 0.00 account for 20 – 50% of energy costs in a hotel. 2022 2023 2024 2025 2026 2027 2028 ❖ Hotel guests are normally very careless with the HVAC. They leave the AC on even when they are Room Air Temperature: HVAC Sensor Market Volume, 2022-2028 (M Units) 200.00 not in the room or open the windows when the AC is still running. Such practices result in high electricity bills for hotels. 180.00 160.00 ❖ A 2017 study conducted by an energy company, E.ON, found that less than 10% of hotel guests Volume (M Units) 140.00 turn off the AC when leaving their rooms one-third of hotel guests admitted to using more energy 120.00 100.00 than they typically would at home. 80.00 60.00 ❖ In such scenarios, room sensors can regulate the HVAC systems and save on energy costs. 40.00 ❖ The room segment was valued at $147.47 million in 2022 and is estimated to grow at a CAGR of Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC 20.00 0.00 5.39% to reach $203.18 million by 2028. 2022 2023 2024 2025 2026 2027 2028 Source: IndustryARC Analysis & Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Aerospace: HVAC Sensor Market Revenue, 2022-2028 ($ Million) ❖ Ensuring the comfort and well-being of passengers and crew is a top priority in the aerospace 160.00 140.00 industry. HVAC sensors help maintain optimal cabin conditions, including temperature, and air 120.00 quality, which significantly contributes to a positive passenger experience. Revenue($M) 100.00 ❖ The UK government pledged $218 million in investment at the 2023 Paris Air Show to support the 80.00 60.00 advancement of cutting-edge green aviation technologies and increase the UK's market position 40.00 in the global aerospace industry. 20.00 ❖ Green aviation technology seeks to reduce fuel consumption and greenhouse gas emissions by 0.00 2022 2023 2024 2025 2026 2027 2028 minimizing the energy required for cabin climate control. Sensors help achieve this by monitoring Aerospace: HVAC Sensor Market Volume, 2022-2028 (Million Units) 120.00 temperature, humidity, and occupancy to adjust HVAC systems for maximum efficiency. ❖ Green aviation technology also aims to reduce the weight of aircraft to improve fuel efficiency. 100.00 Advanced sensor technology, including miniaturized and lightweight HVAC sensors, can help Volume(Million Units) 80.00 achieve weight reductions while still providing accurate environmental control. 60.00 ❖ As the aerospace market grows, there is a higher demand for new aircraft. These vehicles require 40.00 sophisticated HVAC systems to maintain optimal cabin conditions. The demand for HVAC sensors Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC 20.00 in these systems rises accordingly. 0.00 ❖ The Aerospace industry for the HVAC Sensor market is valued at $100.13 million in 2022 and is 2022 2023 2024 2025 2026 2027 2028 expected to grow at a CAGR of 5.48% to reach $138.66 million by 2028. Source: IndustryARC Analysis & Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Automotive: HVAC Sensor Market Revenue, 2022-2028 ($ Million) 600.00 ❖ HVAC sensors are used in a vehicle for controlling the internal temperature of the vehicle cabin. The HVAC system provides purified air to the vehicle cabin, ensuring vehicle comfort to the driver and the 500.00 passenger. ❖ Presently, vehicles face many temperature challenges due to their lightweight engine cooling systems. 400.00 Revenue($M) Deployment of HVAC sensors for temperature control and other requirements improves fuel efficiency 300.00 and enables the vehicle to withstand heat, pressures, and chemical exposures. ❖ Air conditioning units are widely being used in automobiles which impacts fuel efficiency. HVAC sensors 200.00 100.00 provide a solution for fuel efficiency, thus gaining demand. Government initiatives to reduce global 0.00 warming propel the growth of the adoption of these technologies. ❖ According to The International Organisation Internationale des Constructeurs d'Automobiles (OICA), 2022 2023 2024 2025 2026 2027 2028 Automotive: HVAC Sensor Market Volume, 2022-2028 (Million Units) 450.00 Global sales of passenger cars have increased from 53,915,928 units in 2020 to 57,485,378 units in 2022. 400.00 ❖ The increasing production and sales of electric vehicles have raised the demand for HVAC sensors in 350.00 Volume(Million Units) 300.00 the automotive industry, to achieve weight reduction. For instance, according to the International 250.00 Energy Agency (IEA), electric car sales reached a record 3 million in 2020, up by 40% from 2019. The 200.00 150.00 Net Zero Emissions by 2050 scenario projects 300 million electric cars on the road and accounts for 100.00 Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC over 60% of new car sales, compared with only 4.6% in 2020. ❖ Thus, the rapidly rising sales of electric vehicles are estimated to drive the growth of the automotive 50.00 0.00 2022 2023 2024 2025 2026 2027 2028 industry, and in turn of the HVAC sensors market. Source: IndustryARC Analysis & Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

9.4.1. China 9.4.2. Australia 9.4.3. Japan ❖ Japan is the second largest manufacturer of ❖ China is the largest manufacturer and customer ❖ In Australia the average annual GDP rose 5.1 HVAC systems in the APAC region. An increase in of HVAC products across the world ❖ China is one of the major countries for HVAC percent in 2021, according to the New Zealand demand for energy-efficient products and Government and the GDP of Australia was $1,359 government regulations towards environment- sensors owing to the presence of a large billion in 2021, according to the Country’s friendly products will contribute to the HVAC number of manufacturing industries. ❖ The annual gross product of China's automotive Economy. sensors market growth. ❖ Construction activities and the automotive ❖ Australia & New Zealand’s HVAC sensor market is industry has exceeded 5% of the country's growing with the rising investments and growth in sector have increased in Japan which has annual GDP every year. ❖ In 2022, Germany's BMW announced the the end-use industries such as residential, significantly resulted in the need for HVAC commercial and automotive. sensors to enhance energy efficiency due to the commencement of production at its new plant ❖ For instance, according to the Australian Bureau of strengthening of government regulations in China with an investment of 15 billion yuan Statistics, the total value of approved buildings surrounding the environment. ❖ In 2022, Subaru commenced the development of ($2.24 billion) as the carmaker accelerates rose to $12,244.7 million in 2021 from $9,741 electric vehicle (EV) production. Thus, driving an electric vehicle plant in Japan, worth $2.05 million in 2020. The value of total residential market growth. ❖ The China market size is valued at $264.45 billion. buildings rose to $8,396.6 million. ❖ The Japanese market size is valued at $143.28 Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC ❖ The Australian market size is valued at $24.54 million in 2022 and is expected to grow at a million in 2022 and is expected to grow at a million in 2022 and is expected to grow at a CAGR CAGR of 5.37% to reach $364.22 million by CAGR of 7.39% to reach $221.42 million by 2028. of 4.5% to reach $32.12 million by 2028. 2028. Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

China: HVAC Sensor Market Value, 2022-2028 ($ Million) Australia: HVAC Sensor Market Value, 2022-2028 ($ Million) Japan: HVAC Sensor Market Value, 2022-2028 ($ Million) 400.00 35.00 250.00 350.00 30.00 200.00 300.00 25.00 Revenue ($M) Revenue ($M) Revenue ($M) 250.00 150.00 20.00 200.00 15.00 100.00 150.00 10.00 100.00 50.00 5.00 50.00 0.00 0.00 0.00 2022 2023 2024 2025 2026 2027 2028 2022 2023 2024 2025 2026 2027 2028 2022 2023 2024 2025 2026 2027 2028 Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Source: IndustryARC Analysis, Expert Insights Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Johnson Controls, Inc.: Product Portfolio (HVAC Sensor) Product Category Product Name Description Dew point sensor in case of condensation on surfaces such as cold-water pipes, cool ceilings and windows provides warning signal. In addition, it provides on/off signal to an analog or a digital input which help controller to prevent the condensation on cooled surfaces Plant Humidity products form Johnson Controls, Inc. are to measure humidity, dust and temperature in harsh environment applications. HC-1200 are used to control humidifying and dehumidifying equipment. These products provide accurate and reliable humidity sensing with the help of sensing element provided. Calibration of these products ensure low maintenance cots as there is no requirement of maintenance or calibration Wireless sensor are wireless operated which are designed to sense room/zone temperature and also sense and transmit relative humidity. NS series are network sensors whose design is made so that it can function with Field Equipment Controllers (FECs), Input/output Modules (IOMs), Variable Air Volume (VAV) Modular Assembly (VMA16) Controllers. These monitor room temperature and some products also monitor humidity, carbon dioxide (CO2), local temperature set point adjustments and Dew Point HX-9100 - Dew Point Sensor Business Overview Johnson Controls, Inc. Description HT-1300 HE-3800 HT-6700 HC-1200 Established Year 1885 United States Headquarters Plant Humidity Employees (September 2022) 102,000 HE-6700 Geographical Presence 150 Countries US$25,299 Million Revenue (2022) WRZ and WRS may-to-one and TE-7800 One-to-One- Wireless sensor NS Temperature Only 80x80 & 120x80 NS Black Version NS Temperature and Humidity 80x80 & 120x80 Wireless Sensors Website https://www.johnsoncontrols.com/ Network Sensors Copyright ©2024 IndustryARC NS Other Models Copyright ©2024 IndustryARC other variables. All these sensors ensures energy savings and maximum room comfort. Source: Company Website and Annual Reports Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Johnson Controls, Inc.: Product Portfolio (HVAC Sensor) Product Category Product Name Description TE-6300 sensors provide wide range of temperature sensing needs which include wall-mount, outdoor-air, duct, strap-mount, well-insertion, duct-averaging and Variable Air Volume (VAV) flange-mount duct-probe applications Temperature Sensors - TE-6300 Plant Temperature TS-6300 corresponds to passive signal for air or water temperature Heating, Ventilation and Air Conditioning (HAVC) applications. The design is most suitable for HVAC systems Temperature Sensors - TS-6300 HE-6800 HT Series which provide both room humidity and temperature are transmitter with temperature senor which is controlled by DIP switch, polymer humidity sensor in it provides accurate and reliable measurements Room Humidity HT-6700 HT-1000 These are temperature sensors provides temperature sensing in mounting applications. It allows users to choose occupancy features to match its applications TE-6700 , 6800 Analog Sensors RS-1100 are used for Johnson Controls or third-party HVAC controllers that can accept a 0…10 V signal which is directly proportional to sensor temperature RS-1100 TM-1100, 2100, 3100 This series are designed to use with terminal unit controllers, and they are embedded with passive sensor Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Source: Company Website and Annual Reports Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Financials: Johnson Controls, Inc.: Revenue Share, By Segment 2022 (%) Johnson Controls, Inc.: Revenue Share, By Geography 2022 (%) 9.72% 23.82% United States 22.89% Products and systems Europe 50.85% Asia Pacific Services Other Non-U.S. 76.18% 16.55% Johnson Controls, Inc.: Revenue 2020-2022(US$ Million) 30,000.00 25,299.00 23,668.00 25,000.00 22,317.00 Revenue ($M) 20,000.00 15,000.00 Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC 10,000.00 5,000.00 0.00 2020 2021 2022 Source: Company News and Press Releases Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

Johnson Controls, Inc.: Developments Date Approach Description September, 2023 Launch Johnson Controls-Hitachi Air Conditioning Launches Emissions-Reducing Residential HVAC Dual Fuel Heat Pump System. June, 2023 Acquisition Johnson Controls acquires M&M Carnot to enhance sustainable Industrial Refrigeration portfolio. May 2023 Collaboration Johnson Controls and HD Supply announce national distribution collaboration for residential HVAC equipment Johnson Controls has acquired Security Enhancement Systems LLC (SES), a provider of mobile-based, keyless access control solutions used in critical infrastructure, including telecommunication towers for major providers. April 2022 Acquisition Johnson Controls launches one of the first-of-its-kind advanced control ventilation configurations for thermostat controllers. Designed for the TEC3000 Series Smart Thermostat, the feature adheres to guidance from the American Society of Heating, Refrigerating and Air- Conditioning Engineers (ASHRAE) for safe building reopening and readiness during the Covid-19 pandemic. March 2022 Launch Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC Acquisition Johnson Controls Set to Acquire Silent-Aire to Expand HVAC Portfolio. The purchase is expected to be completed by the third fiscal quarter of this year, with an upfront cash price of 630 million USD and a total price of 870 million USD. May 2021 Source: Company News and Press Releases Inquiry Before Buying +1 518 282 4727 | | | Buy Now sales@industryarc.com

HVAC Sensor Market (2024-2030)_Sample Extract

HVAC Sensor Market (2024-2030)_Sample Extract

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