How big is the US HVAC Field Device Market?

The US HVAC Field Device Market size is expected to reach USD 4.85 billion in 2024 and grow at a CAGR of 5% to reach USD 6.18 billion by 2029. Read More

What is the current US HVAC Field Device Market size?

In 2024, the US HVAC Field Device Market size is expected to reach USD 4.85 billion. Read More

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

Siemens AG, Honeywell International Inc., Robert Bosch GmbH, Johnson Controls International PLC and Schneider Electric are the major companies operating in the US HVAC Field Device Market. Read More

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

In 2023, the US HVAC Field Device Market size was estimated at USD 4.62 billion. The report covers the US HVAC Field Device Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the US HVAC Field Device Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

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

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

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

US HVAC Field Device Industry Overview

The United States HVAC field device market is moderately consolidated owing to the presence of large vendors like Siemens AG, Honeywell International Inc., etc. The key players are involved in various strategies, such as acquisitions and partnerships, to improve their market share and enhance their profitability in the market studied.

In December 2022, Continental announced solutions for user experience, automated driving, and software-defined driving to make driving safer, cleaner, and more comfortable using high-performance computers, vehicle sensors, and electronic control units. Furthermore, they provided intelligent power distribution and ensured the reliable execution of real-time vehicle functions such as audio, external sound, parking, HVAC, or suspension.

In July 2022, Archer Aviation Inc. signed a contract with Honeywell to deliver flight control actuation and thermal management technology. Honeywell's actuation technology was a key enabler of Archer's 12 tilt 6 layout, and Honeywell's thermal management technology would assist Archer in providing its passengers with an enhanced experience. Archer's production aircraft would fly in congested metropolitan areas, necessitating vital precision from the aircraft's flying controls and actuators. The actuators from Honeywell could take hundreds of microchanges and commands per second from fly-by-wire computers, allowing for precision navigation.

In July 2022, Sauter expanded its product line with the introduction of a new generation of IoT-capable actuators. The smart actuator allowed for autonomous or semi-autonomous heating, ventilation, and air conditioning control. Other advantages included easy installation and commissioning, cloud connectivity with an application library and remote access, and a smartphone app. Energy distribution relies heavily on valves and actuators. They are used in heating, ventilation, and room automation systems.