Air and Water Heating Sensor Market | 2021-2026

Market Insights

The air and water heating sensor market is estimated to grow at a healthy CAGR during the forecast period.

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Market Dynamics

Introduction

From monitoring and regulating air pressure, temperature, and quality in residential and commercial buildings to the measurement of flow, humidity, pressure, and level of water, sensors are required, as they are primarily used for comparing the actual state of temperature and pressure with a target state.

Market Drivers

Growing product demand in the automation sector to check the overheating factor of the engines is one of the key factors boosting the product demand.

• These sensors are highly energy-efficient, thus gaining traction among industry operators, building owners, regulatory agencies, and governments, and thus offer lucrative growth opportunities to the industry players.

• However, the extra cost of the product after its implementation in devices which reduces the overall life of the device, is a restraining factor affecting the market growth.

Segments Analysis

End-Use Trends

The air and water heating sensor market is categorized into Heating, Ventilation, and Air Conditioning (HVAC); machinery and plant engineering; marine and shipbuilding; aerospace; food and beverages; chemical and petrochemical, and others.

• The HVAC segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline.

• These sensors in HVAC offer reduced energy costs for heating and cooling areas that do not require constant climate control.

• Also, reduced wear & tear on HVAC equipment to decrease the need for Cypress AC repair services further bolsters the segment growth.

Regional Insights

The Asia-Pacific market accounted for a significant share in 2020 and is expected to grow at the highest CAGR in the following years.

• This is mainly ascribed to the strong presence of key players in China, South Korea, and Taiwan.

• A robust consumer electronics base, increasing construction and HVAC activities, favorable government investments, easy availability of raw materials, and a strong machinery and chemical sector further proliferate the regional market growth.

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Key Players

Key players operating in the global air and water heating sensor market are:

• Campbell Scientific (The U.S),
• Carrier Corporation (The U.S),
• SENSIT s.r.o. (Czechia),
• Convectronics (The U.S),
• Danfoss (Denmark),
• Heatcon Sensors (India),
• Honeywell International (The U.S),
• Siemens (Germany), and
• SIKA Dr. Siebert & Kühn (Germany).

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s air and water heating sensor market realities and future market possibilities for the forecast period of 2021 to 2026. After a continuous interest in our air and water heating sensor market report from the industry stakeholders, we have tried to further accentuate our research scope on the air and water heating sensor market to provide the most crystal-clear picture of the market. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as in the formulation of the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The air and water heating sensor market is segmented into the following categories:

By Type

• Air Heating Sensors
• Water Heating Sensors

By End-Use Type

• Heating, Ventilation, and Air Conditioning (HVAC)
• Machinery and Plant Engineering
• Marine and Shipbuilding
• Aerospace
• Food and Beverages
• Chemical and Petrochemical
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].