How big is the China HVAC Field Device Market?

The China HVAC Field Device Market size is expected to reach USD 5.24 billion in 2024 and grow at a CAGR of 9.10% to reach USD 8.11 billion by 2029. Read More

What is the current China HVAC Field Device Market size?

In 2024, the China HVAC Field Device Market size is expected to reach USD 5.24 billion. Read More

Who are the key players in China HVAC Field Device Market?

Siemens AG, Honeywell International Inc., Johnson Controls International PLC, Rotork Plc and Dwyer Instruments Inc are the major companies operating in the China HVAC Field Device Market. Read More

What years does this China HVAC Field Device Market cover, and what was the market size in 2023?

In 2023, the China HVAC Field Device Market size was estimated at USD 4.80 billion. The report covers the China HVAC Field Device Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China HVAC Field Device Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

China HVAC Field Device Market Size & Share Analysis - Industry Research Report

China HVAC Field Device Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The China HVAC Field Device Market is Segmented by Types (Control Valve, Balancing Valve, PICV, Damper HVAC, Damper Actuator HVAC), Sensors (Environmental Sensors, Multi-sensors, Air Quality Sensors, Occupancy and Lighting), End-users (Commercial, Residential, Industrial). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

China HVAC Field Device Industry Overview

The China HVAC Field Device Market is favorably competitive and has several prominent players. The market leaders are focusing on expanding their consumer base across the country. These companies leverage strategic collaborative initiatives to boost their market share and profitability. The companies performing in the market are also acquiring start-ups working on HVAC service technologies to strengthen their production capacities.

In September 2023, Johnson Controls-Hitachi Air Conditioning introduced the Hitachi air365 Hybrid dual fuel system, which features an electric Hitachi Mini VRF heat pump as the primary heating and cooling source and has an innovative dual fuel module that helps reduce carbon emissions.

In July 2022, Conex Bänninger, a manufacturer of fittings and valves for plumbing, air conditioning, heating, and refrigeration, announced the addition of a new type of valve to its vast portfolio of products. The latest addition seeks to improve energy efficiency to deliver a more sustainable and cost-effective solution. Pressure Independent Control Valves (PICVs) use dynamic balancing to handle pressure fluctuations in a building's hydronic heating or cooling system.