Market Share of HVAC Sensor Industry
The increasing presence of prominent manufacturers in the HVAC sensors market is expected to intensify competitive rivalry during the forecast period. Market incumbents like Siemens AG, Emerson Electric Co., Honeywell International Inc., and TE Connectivity Ltd. considerably influence the overall market. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain a sustainable competitive advantage.
In March 2023, Sensirion announced the release of the SHT40I-Analog humidity sensor, which is intended for demanding industrial applications and severe settings where high noise levels may make digital solutions ineffective. The novel sensor allows for simple design and customer-specific output characteristics for high-volume applications.
In April 2022, Trane Technologies PLC announced a strategic continuing collaboration to achieve higher energy efficiency using Air-Fi wireless sensors for Trane and Mitsubishi Electric City multi VRF and improvements to the IntelliPak 1 HVAC Rooftop Unit. The upgrades give building owners technology, data, and controls to help them satisfy efficiency standards, achieve decarbonization targets, and make retrofits easier and more cost-effective.
HVAC Sensor Market Leaders
Siemens AG
Emerson Electric Co.
Honeywell International Inc.
Schneider Electric
Johnsons Controls Inc.
*Disclaimer: Major Players sorted in no particular order
