The North America HVAC sensors market is expected to grow from US$ 633.83 million in 2019 to US$ 927.01 million by 2027; it is estimated to grow at a CAGR of 5.3 % from 2020 to 2027.
Increasing demand for HVAC sensors in the automotive sector is escalating the growth of the North America HVAC sensors market. Rising number of annual automotive sales is considered a significant factor contributing to the growth of the North America 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 across North America 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. For instance, the integration of Carbon-dioxide (CO2) sensors in automotive HVAC systems is one of the significant developments in the automotive HVAC systems. These developments coupled with rising automotive sales are propelling the growth of the North America HVAC sensors market.
Countries in North America, especially the US, are adversely affected due to the COVID-19 outbreak. According to the American Institute of Architects (AIA), the construction sector in the US has been hit hard by the outbreak. The construction activities were declined in 2020, and the trend is likely to prevail in 2021. These activities are declined by ~20% in the hospitality industry, by ~8% in the retail sector, and close to 11% in commercial offices. However, the construction of healthcare facilities and public safety surged in 2020. The industries that install higher volumes of HVAC systems have been hit at various levels of degree by the COVID-19 pandemic. Hotels, hospitality, and restaurants are struggling due to concerns over contracting the virus, even after they could reopen. The Canadian and Mexican HVAC sensors market are also experiencing similar tremors owing the widespread of the novel coronavirus. The commercial sector in these two countries has been witnessing significant downturn. Also, the residential HVAC systems industry in Canada and Mexico is observing decline in sales owing to the concerns over rapid spread of the virus under cooler environments.
Based on type, the temperature sensors segment led the North America HVAC sensors market in 2019. Temperature sensors are essential for maintaining air temperature. The temperature sensors are of different types: indoor temperature sensor, indoor evaporator line temperature sensor, outdoor ambient temperature senor, outdoor condenser line temperature sensor, and outdoor unit compressor exhaust temperature sensor. An indoor temperature sensor is fixed in the air inlet of the air conditioner’s evaporator and is used to ensure that the indoor temperature reaches the predefined value. An indoor evaporator line temperature sensor is used to control cooling during summer, control indoor fan motor speed, anti-cold wind control, realize fault self-diagnosis, and defrosting of the outdoor unit during heating. An outdoor ambient temperature sensor is used to control the outdoor fan motor speed during heating or cooling and for controlling the system for automatic protection when the outdoor temperature is extremely high or low. An outdoor condenser line temperature sensor helps in defrosting the outdoor unit when heating and provides overheat protection or antifreeze protection. The outdoor unit compressor exhaust temperature sensor helps in automatically protecting the control system if the temperature of the compressor exhaust pipe is extremely high. Wide use of temperature sensor for maintaining air temperature in different industries drives its demand, which ultimately bolsters the growth of the North America HVAC sensors market.
The overall North America HVAC sensors market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the North America HVAC sensors market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America HVAC sensors market. BELIMO AIRCONTROLS (USA), INC.; Emerson Electric Co.; Honeywell International Inc.; Johnson Controls, Inc.; Schneider Electric; Sensata Technologies, Inc.; Sensirion AG; Siemens AG; and TE Connectivity Ltd. are among the players operating in the market.