How big is the Europe HVAC Field Device Market?

The Europe HVAC Field Device Market size is expected to reach USD 6.12 billion in 2024 and grow at a CAGR of 5.60% to reach USD 8.04 billion by 2029. Read More

What is the current Europe HVAC Field Device Market size?

In 2024, the Europe HVAC Field Device Market size is expected to reach USD 6.12 billion. Read More

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

Elektronische Bauelemente GmbH (EBG), Ever Ohms Technology Co., Ltd., Panasonic Corporation, Ralec Electronics Corporation and Rohm Co., Ltd. are the major companies operating in the Europe HVAC Field Device Market. Read More

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

In 2023, the Europe HVAC Field Device Market size was estimated at USD 5.80 billion. The report covers the Europe HVAC Field Device Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe HVAC Field Device Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

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

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

The European HVAC Field Device Market Is Segmented By Type (Control Valve, Balancing Valve, PICV, Damper HVAC, Damper Actuator HVAC), Sensors (Environmental Sensors, Multisensors, Air Quality Sensors, Occupancy, and Lighting), End-user Industry (Commercial, Residential, Industrial), and Country (United Kingdom, Germany, France, Rest of Europe). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Europe HVAC Field Device Industry Overview

The Europe HVAC field device Market is moderately competitive due to the presence of many key players established within national and international boundaries. The market appears to be moderately concentrated, with the key players adopting strategies like product innovation and merger and acquisition.

In March 2023, Carel, an Italy-based manufacturer, launched its E5V electronic expansion valve for CO2 (R744)-based HVAC&R systems at the EuroShop trade show in Germany. The new expansion valve is suitable for high-capacity chillers, air-conditioning systems, and heat pumps up to 700kW (199TR).

In October 2022, Guangzhou Sprsun New Energy Technology Development Co., Ltd., a China-based heat pump provider, developed a monobloc heat pump that was reportedly easier and faster to install. The product featured a 3 kW/220 V electric heater, a water pump, an expansion tank measuring 5 liters, a three-way valve, and an 18 A AC contactor. The company is expected to target the European market to boost sales of its heat pump kit for residential applications.