Growth in global nonresidential construction is helping drive the market
June 21, 2016
The global HVAC sensors and controllers market was valued at $5.18 billion in 2015 and is forecast to reach $9.34 billion by 2024, growing at a compound annual growth rate (CAGR) of 6.9 percent during forecast period, according to a new report published by Transparency Market Research.
Increasing adoption of HVAC modules is expected to favorably impact the US industry
June 25, 2015
The U.S. temperature sensors market is forecast to increase to a value of $1.65 billion by 2018, growing at a compound annual growth rate (CAGR) of 6.91 percent over the period of 2014 to 2020, according to new report from Research and Markets.
It’s no secret sensors play a critical role in building automation operation and efficiency. Their impact and effectiveness will depend on how the sensors correlate with other devices and components across the greater HVAC system. This requires some emphasis on effective design attributes and integration strategies.