How big is the HVAC Field Device Market?

The HVAC Field Device Market size is expected to reach USD 21.13 billion in 2024 and grow at a CAGR of 6.30% to reach USD 28.72 billion by 2029. Read More

What is the current HVAC Field Device Market size?

In 2024, the HVAC Field Device Market size is expected to reach USD 21.13 billion. Read More

Who are the key players in 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 HVAC Field Device Market. Read More

Which is the fastest growing region in HVAC Field Device Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in HVAC Field Device Market?

In 2024, the Asia Pacific accounts for the largest market share in HVAC Field Device Market. Read More

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

In 2023, the HVAC Field Device Market size was estimated at USD 19.88 billion. The report covers the HVAC Field Device Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the HVAC Field Device Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

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

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

The HVAC Field Device Market Is Segmented By Type (Control Valve, Balancing Valve, PICV, Damper HVAC, And Damper Actuator HVAC), Sensors (Environmental Sensors, Multisensors, Air Quality Sensors, And Occupancy And Lighting), End-user Industry (Commercial, Residential, And Industrial), and Geography (North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

HVAC Field Device Industry Overview

The global HVAC field device market is highly fragmented and has several major players. In terms of market share, a few of the major players currently dominate the market. These major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies leverage strategic collaborative initiatives to increase their market shares and profitability.

In March 2023, Honeywell introduced its Versatilis transmitters for condition-based monitoring of rotating equipment such as pumps, motors, compressors, fans, blowers, and gearboxes. Honeywell Versatilis transmitters provide relevant measurements of rotating equipment, delivering intelligence that can improve safety, availability, and reliability across industries.

In August 2022, Airzone announced it was entering the rapidly growing North American market with an exclusive smart control solution for HVAC inverter systems. Airzone's Aidoo Pro acted as the bridge between proprietary HVAC inverter and mini-split manufacturers' protocols and IoT device APIs, including for the popular Ecobee, Honeywell, and Nest smart thermostats. The Aidoo Pro enables HVAC professionals to integrate HVAC inverter systems with leading smart thermostats, preserving all inverter features and providing unparalleled efficiency, energy savings, connectivity, and comfort.