According to a market report by Lucintel, the future of the global HVAC field device market looks promising with opportunities in the commercial, residential, and industrial markets. The global HVAC field device market is expected to reach an estimated $29.1 billion by 2030 with a CAGR of 6.5% from 2024 to 2030.
The major drivers for this market are growing demand from the construction market, rising government regulations and incentives for saving energy through tax credit programs, and increasing integration of IoT in HVAC devices.
A more than 150 – page report is developed to understand trends, opportunity and forecast in HVAC field device to 2030 by type (control valve, balancing valve, PICV, damper HVAC, damper actuator HVAC, and others), sensors (environmental sensors, multi sensors, air quality sensors, occupancy & lighting, and others), end use industry (commercial, residential, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, control valve, balancing valve, PICV, damper HVAC, and damper actuator HVAC are the major segments of HVAC field device market by type. Lucintel forecast that control valve is expected to witness highest growth over the forecast period.
Within this market, residential will remain the largest segment.
APAC is expected to witness highest growth over the forecast period.
Siemens AG, Honeywell, Johnson Controls, Rotork, Dwyer Instruments, Belimo Holding, Robert Bosch, Electrolux AB, Azbil Corporation, and Danfoss A/S are the major suppliers in the HVAC field device market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]