HVAC Sensors & Controllers Market - Renewable Energy and Development of Green Bu

Posted by RASHMI on April 25th, 2019

Sensors and controllers function as the intelligence units of heating, ventilation and air conditioning (HVAC) systems and these will continue to offer solutions for newer applications that are being put in place in educational, health care and several other infrastructure applications.

The global HVAC sensors & controllers market has been segmented on the basis of sensors, controllers and application. In addition, a cross sectional analysis of the global market broadly across four geographic regions has been covered under the scope of the study.

A surge in the demand for HVAC sensors & controllers in the automotive industry coupled with the growth in the global non-residential construction business is strongly driving the growth of the global market. Furthermore, stringent government legislations and policies for energy efficient appliances are boosting the market growth.

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Strict government regulations across the globe are encouraging the reliance on renewable energy and development of “green buildings” and this is steadily fuelling the growth of the global market. This growing trend is bringing in many changes in the HVAC technology and key players in the market are involved in research and development activities to create energy efficient traditional systems as well as new systems which run off alternative energies such as solar or geothermal. The conjoint effect of all these drivers is set to augment the growth of the global HVAC sensors & controllers market from 2016 – 2024.