Handheld HVAC Monitoring Devices Market Size & Growth-2028
The handheld HVAC monitoring devices market is projected to reach US$ 1,534.99 million by 2028 from US$ 1,050.10 million in 2021; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.
HVAC monitoring devices are the type of control devices used to regulate air conditioning and heating systems operations. HVAC monitoring systems continuously track the energy usage and performance of a building's heating, ventilation, and air conditioning devices, intending to alert operators to defects and inefficiencies. HVAC is a significant contributor to a property's maintenance and energy-related operational costs. Without HVAC analytics, equipment issues may go undetected for weeks. HVAC problems are a primary cause of tenant complaints and boost operational costs unnecessarily. These issues can be recognized and corrected in real-time using HVAC monitoring systems or devices that can be employed for the complete HVAC system, including chillers, exhaust fans, and motors. Furthermore, machine learning algorithms can examine consumption trends to predict when issues arise, allowing operators to make minor modifications rather than expensive repairs.
The handheld HVAC monitoring devices market is segmented based on device type, application, and geography. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The handheld HVAC monitoring devices report offers insights and in-depth analysis of the market, emphasizing parameters such as market trends, technological advancements, market dynamics, and the competitive analysis of the globally leading market players.
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Handheld HVAC Monitoring Devices Market: Strategic Insights
Market Size Value in US$ 1,050.10 million in 2021 Market Size Value by US$ 1,534.99 million by 2028 Growth rate CAGR of 5.6% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Handheld HVAC Monitoring Devices Market: Strategic Insights
| Market Size Value in | US$ 1,050.10 million in 2021 |
| Market Size Value by | US$ 1,534.99 million by 2028 |
| Growth rate | CAGR of 5.6% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Market Insights
Increasing Product Launches in Handheld HVAC Monitoring Devices to Drive Handheld HVAC Monitoring Devices Market
Increasing Product Launches in Handheld HVAC Monitoring Devices to Drive Handheld HVAC Monitoring Devices Market
There has been a constant increase in construction industries and the development of new buildings and residential projects to cater to the demand of the rising population on a large scale. Additionally, rising awareness about the health hazards of unclean surroundings and bad air quality has created the demand for handheld HVAC monitoring devices, promoting the growth of the handheld HVAC monitoring devices market. HVAC monitoring devices play an important role in maintaining a healthy environment inside houses or commercial buildings by constantly monitoring air quality, temperature, and ventilation. Various market players offer advanced HVAC monitoring devices in response to such prominent demand. Further, technological development in existing devices is expected to contribute to the growth of the handheld HVAC monitoring devices market.
Following are a few examples of new products launched in the handheld HVAC monitoring devices market:
- In February 2022, Vaisala launched the new immersion type Vaisala TMI110 Temperature Transmitter. This device monitors data centers' conditions and energy efficiency to maintain the digital environment of the data centers
- In January 2022, TSI Incorporated launched next-generation Velocicalc and Velocicalc pro-multi-function ventilation meters. It calculates the percentage of outside air used to determine ventilation effectiveness in a building or room. The VelociCalc Pro adds additional built-in workflows for heat flow calculation and four methodologies for performing a duct traverse which speeds up the measurement process while reducing errors.
Such developments by market players are driving the handheld HVAC monitoring devices market.
Device Type Insights
Based on device type, the global handheld HVAC monitoring devices market is segmented into temperature and humidity meters, gas detectors, airflow meters, HVAC multimeter, and pressure gauge meter. In 2021, the pressure gauge meter segment held the largest share of the market. Moreover, the temperature and humidity meters segment is expected to register the highest CAGR in the market during 2021–2028. Temperature and humidity meters act as a monitoring system that allows controlling environmental parameters in a building in real-time and assist in maintaining optimal air humidity and temperature levels and reducing electricity costs.
Application Insights
Based on application, the global handheld HVAC monitoring devices market is segmented into industrial, residential, and commercial. In 2021, the industrial segment held the largest market share. However, the commercial segment is expected to register the highest CAGR during 2021–2028. The growth of the commercial segment is attributed to rising technological advancements associated with HVAC monitoring devices, booming commercial construction across the globe, and increasing installations of HVAC units in commercial settings. Furthermore, the growing commercial construction expenditure, notably in the Middle East and developed countries such as the US, is expected to contribute to the growth of the handheld HVAC monitoring devices market size.
New product development and market initiatives are highly adopted strategies by the global handheld HVAC monitoring devices market players. A few of the recent key market developments are listed below:
- In March 2022, 3M was recognized by Ethisphere Institute for ethics and integrity in business conduct and compliance for the ninth straight year. 3M is one of only seven industrial companies worldwide to be honored this year.
- In January 2022, Kanomax USA demonstrated at AHR Expo 2022 in Las Vegas, Nevada, from January 31 to February 2. The AHR Expo provides a unique forum where manufacturers of all sizes and specialties come together to share ideas and showcase the future of HVACR technology.
- In 2021, TSI Incorporated launched a new indoor air quality monitor – Q-Trak XP Indoor Air Quality Monitor. It is designed for IAQ and industrial hygiene professionals.
- In 2021, Honeywell announced a new, user-friendly Transmission Risk Air Monitor that alerts users when indoor air conditions may present an increased risk of potentially transmitting airborne viruses in schools, restaurants, and other spaces.
The COVID-19 pandemic has highly impacted the entire HVAC industry, ranging from the manufacturing and servicing of HVAC systems, components, and associated technologies globally. The turbulence was mainly due to the supply chain disruption, which ultimately hampered the growth of the handheld HVAC monitoring devices market. The pandemic disturbed handheld HVAC monitoring devices businesses and vendors worldwide. Factory shutdowns, trade bans, and border lockdowns led to limited international trades or contract signing activities. This affected the handheld HVAC monitoring devices market as well. Initially, the market faced a significant blow; however, now it is reviving and is expected to grow remarkably in the near future. Moreover, commercial and industrial sectors were the worst-hit sectors due to the pandemic. The pandemic forced many businesses and industries to shut down or postpone their openings and further expansions temporarily. The residential sector was also impacted as individual house owners and flat owners in residential complexes initially emphasized on safety and health. However, with the rise in awareness related to the benefits of HVAC systems, the installation volume grew in the latter half of 2020.
Handheld HVAC Monitoring Devices Market Report Scope
Handheld HVAC Monitoring Devices Market Segmentation
The global handheld HVAC monitoring devices market is segmented based on device type, application, and geography. In terms of device type, the handheld HVAC monitoring devices market is segmented into temperature and humidity meters, gas detector, airflow meter, HVAC multimeter, and pressure gauge meter. In terms of application, the handheld HVAC monitoring devices market is segmented into commercial, residential, and industrial. Geographically, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Some of the companies operating in the handheld HVAC monitoring devices market include - 3M; Fluke Corporation; Honeywell International Inc.; Teledyne FLIR LLC; TSI Incorporated; Aeroqual Ltd.; Met One Instruments Inc.; TESTO SE AND CO. KGAA; PCE Instruments; and Kanomax USA, Inc. among others.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Device Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The rising population has increased the demand for essential products such as consumer goods and food and beverages; this further increased the production and storage of such products. Some of the products are liable to degrade in case of improper storage capabilities. HVAC provides favorable climatic conditions, proper storage and transportation of volatile goods such as food and beverage, vaccines and others creating the need for HAVC system and portable monitoring devices. Moreover, procurement and usage of portable handheld HVAC monitoring devices are expected to boost the growth of the handheld HVAC monitoring device market. Thus, an increase in construction and urbanization activities associated with rising demand for industrialization and energy-efficient buildings drive the growth of the handheld HVAC monitoring device market.
North America holds the largest share in the global handheld HVAC monitoring device market. The North America handheld HVAC monitoring devices market is spread across the US, Canada, and Mexico. North America is one developed region due to the surge in automation, changing climatic conditions, and technological advancement. There has been constant technological advancement in the HVAC system due to the increasing demand for energy-efficient HVAC systems, which has led to the launch of new products in the market. In addition, drastically changing climatic conditions have increased the demand for efficient HVAC systems, further creating the need for handheld HVAC monitoring devices.
Based on application, the commercial segment include premises such as, hospitality sector, healthcare, schools/university, retail stores and warehouses. The demand for handheld HVAC monitoring device in commercial sector is expected to rise owing to, technological advancements associated with HVAC monitoring devices, booming commercial construction across the globe, and increasing installations of HVAC units in commercial settings.
Based on device type, a pressure gauge meter is used to measure or check the pressure of liquids or gases in the heating or a cooling system. These devices are very crucial for effective functioning of HVAC units because right pressure of gases and liquids are important to create comfortable environment in the premises. Basically, a pressure gauge meter is a pressure checking system and is used as both service and diagnostic tool. The pressure gauge meter also indicates if there is some problem in device functioning.
The global handheld HVAC monitoring devices market is mainly driven by the booming construction sector and an increased global population, which is expected to spur demand for HVAC systems and HVAC monitoring devices. Moreover, technological advancements in HVAC monitoring devices, the surging need to monitor HVAC systems to optimize their usage, rising energy bills, and stringent environmental norms have forced various commercial organizations and industries to use various HVAC monitoring systems/devices in their operation area. The rise in investments by commercial, residential, and industrial end-users in HVAC systems is also expected to support market growth during the forecast period.
The attraction toward handheld HVAC monitoring systems has increased continuously. This is because these devices are easy to use, and the users can use a single device on multiple HVAC systems. This bolstered the growth of the handled HVAC monitoring system market. Additionally, an increase in air pollution has elevated the prevalence rate of respiratory disorders. Due to polluted surroundings and bad air quality, and surge in health concerns is expected to create new avenues in the handheld HVAC monitoring devices market. Furthermore, increased environmental concerns led to an eco-friendly approach supported by the changing ecological policies that prohibited harmful chemicals and gases. Further developments such as geothermal HVAC systems and an increase in government initiatives to promote environment-friendly HVAC systems and monitoring devices create ample opportunities in the handheld HVAC monitoring devices market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Handheld HVAC Monitoring Devices Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 Asia Pacific – PEST Analysis
4.2.4 Middle East & Africa – PEST Analysis
4.2.5 South America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Handheld HVAC Monitoring Devices Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Construction Activities
5.1.2 Increasing Product Launches
5.2 Market Restraints
5.2.1 High-Cost of HVAC Monitoring Devices
5.3 Market Opportunities
5.3.1 Changing Climatic Conditions
5.4 Future Trends
5.4.1 Technological Advancements in Handheld HVAC Monitoring Devices
5.5 Impact Analysis of Drivers and Restraints
6. Handheld HVAC Monitoring Devices Market – Global Market Analysis
6.1 Global Handheld HVAC Monitoring Devices Market Overview
6.2 Global Handheld HVAC Monitoring Devices Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Handheld HVAC Monitoring Devices Market Analysis – By Device Type
7.1 Overview
7.2 Handheld HVAC Monitoring Devices, By Device Type (2020 and 2028)
7.3 Temperature and Humidity Meters
7.3.1 Overview
7.3.2 Temperature and Humidity Meters: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Gas Detector
7.4.1 Overview
7.4.2 Gas Detector: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
7.5 Airflow Meter
7.5.1 Overview
7.5.2 Airflow Meter: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
7.6 HVAC Multimeter
7.6.1 Overview
7.6.2 HVAC Multimeter: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
7.7 Pressure Gauge Meter
7.7.1 Overview
7.7.2 Pressure Gauge Meter: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
8. Handheld HVAC Monitoring Devices Market – By Application
8.1 Overview
8.2 Handheld HVAC Monitoring Devices, by Application (2020 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Industrial
8.4.1 Overview
8.4.2 Industrial: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Commercial
8.5.1 Overview
8.5.2 Commercial: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
9. Handheld HVAC Monitoring Devices Market – Geographic Analysis
9.1 Overview
9.2 North America: Handheld HVAC Monitoring Devices Market
9.2.1 North America: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Handheld HVAC Monitoring Devices Market- By Device Type
9.2.3 North America: Handheld HVAC Monitoring Devices Market- By Application
9.2.4 North America: Handheld HVAC Monitoring Devices Market- by Country
9.2.4.1 US: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Handheld HVAC Monitoring Devices Market- By Device Type
9.2.4.1.2 US: Handheld HVAC Monitoring Devices Market- By Application
9.2.4.2 Canada: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Handheld HVAC Monitoring Devices Market- By Device Type
9.2.4.2.2 Canada: Handheld HVAC Monitoring Devices Market- By Application
9.2.4.3 Mexico: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Handheld HVAC Monitoring Devices Market- By Device Type
9.2.4.3.2 Mexico: Handheld HVAC Monitoring Devices Market- By Application
9.3 Europe: Handheld HVAC Monitoring Devices Market
9.3.1 Europe: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Handheld HVAC Monitoring Devices Market- By Device Type
9.3.3 Europe: Handheld HVAC Monitoring Devices Market- By Application
9.3.4 Europe: Handheld HVAC Monitoring Devices Market- by Country
9.3.4.1 Germany: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Handheld HVAC Monitoring Devices Market- By Device Type
9.3.4.1.2 Germany: Handheld HVAC Monitoring Devices Market- By Application
9.3.4.2 France: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Handheld HVAC Monitoring Devices Market- By Device Type
9.3.4.2.2 France: Handheld HVAC Monitoring Devices Market- By Application
9.3.4.3 Italy: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Handheld HVAC Monitoring Devices Market- By Device Type
9.3.4.3.2 Italy: Handheld HVAC Monitoring Devices Market- By Application
9.3.4.4 UK: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Handheld HVAC Monitoring Devices Market- By Device Type
9.3.4.4.2 UK: Handheld HVAC Monitoring Devices Market- By Application
9.3.4.5 Russia: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Handheld HVAC Monitoring Devices Market- By Device Type
9.3.4.5.2 Russia: Handheld HVAC Monitoring Devices Market- By Application
9.3.4.6 Rest of Europe: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Handheld HVAC Monitoring Devices Market- By Device Type
9.3.4.6.2 Rest of Europe: Handheld HVAC Monitoring Devices Market- By Application
9.4 Asia Pacific (APAC): Handheld HVAC Monitoring Devices Market
9.4.1 APAC: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.4.2 APAC: Handheld HVAC Monitoring Devices Market- By Device Type
9.4.3 APAC: Handheld HVAC Monitoring Devices Market- By Application
9.4.4 APAC: Handheld HVAC Monitoring Devices Market- by Country
9.4.4.1 Australia: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Handheld HVAC Monitoring Devices Market- By Device Type
9.4.4.1.2 Australia: Handheld HVAC Monitoring Devices Market- By Application
9.4.4.2 China: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Handheld HVAC Monitoring Devices Market- By Device Type
9.4.4.2.2 China: Handheld HVAC Monitoring Devices Market- By Application
9.4.4.3 India: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Handheld HVAC Monitoring Devices Market- By Device Type
9.4.4.3.2 India: Handheld HVAC Monitoring Devices Market- By Application
9.4.4.4 Japan: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Handheld HVAC Monitoring Devices Market- By Device Type
9.4.4.4.2 Japan: Handheld HVAC Monitoring Devices Market- By Application
9.4.4.5 South Korea: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Handheld HVAC Monitoring Devices Market- By Device Type
9.4.4.5.2 South Korea: Handheld HVAC Monitoring Devices Market- By Application
9.4.4.6 Rest of APAC: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of APAC: Handheld HVAC Monitoring Devices Market- By Device Type
9.4.4.6.2 Rest of APAC: Handheld HVAC Monitoring Devices Market- By Application
9.5 Middle East & Africa (MEA): Handheld HVAC Monitoring Devices Market
9.5.1 MEA: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.5.2 MEA: Handheld HVAC Monitoring Devices Market- By Device Type
9.5.3 MEA: Handheld HVAC Monitoring Devices Market- By Application
9.5.4 MEA: Handheld HVAC Monitoring Devices Market- by Country
9.5.4.1 South Africa: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Handheld HVAC Monitoring Devices Market- By Device Type
9.5.4.1.2 South Africa: Handheld HVAC Monitoring Devices Market- By Application
9.5.4.2 Saudi Arabia: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Handheld HVAC Monitoring Devices Market- By Device Type
9.5.4.2.2 Saudi Arabia: Handheld HVAC Monitoring Devices Market- By Application
9.5.4.3 UAE: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Handheld HVAC Monitoring Devices Market- By Device Type
9.5.4.3.2 UAE: Handheld HVAC Monitoring Devices Market- By Application
9.5.4.4 Rest of MEA: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: Handheld HVAC Monitoring Devices Market- By Device Type
9.5.4.4.2 Rest of MEA: Handheld HVAC Monitoring Devices Market- By Application
9.6 South America (SAM): Handheld HVAC Monitoring Devices Market
9.6.1 SAM: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 SAM: Handheld HVAC Monitoring Devices Market- By Device Type
9.6.3 SAM: Handheld HVAC Monitoring Devices Market- By Application
9.6.4 SAM: Handheld HVAC Monitoring Devices Market- by Country
9.6.4.1 Brazil: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Handheld HVAC Monitoring Devices Market- By Device Type
9.6.4.1.2 Brazil: Handheld HVAC Monitoring Devices Market- By Application
9.6.4.2 Rest of SAM: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Rest of SAM: Handheld HVAC Monitoring Devices Market- By Device Type
9.6.4.2.2 Rest of SAM: Handheld HVAC Monitoring Devices Market- By Application
10. Handheld HVAC Monitoring Devices Market – COVID-19 Impact Analysis
10.1 North America
10.2 Europe
10.3 Asia Pacific (APAC)
10.4 Middle East and Africa (MEA)
10.5 South America (SAM)
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 3M
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Fluke Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Honeywell International Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 TSI Incorporated
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Aeroqual Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Met One Instruments Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Kanomax USA, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Testo SE & Co. KGaA
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 PCE Deutschland GmbH
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Global Handheld HVAC Monitoring Devices Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. North America: Handheld HVAC Monitoring Devices Market- By Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Handheld HVAC Monitoring Devices Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. Europe: Handheld HVAC Monitoring Devices Market- By Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe: Handheld HVAC Monitoring Devices Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Germany: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 13. Germany: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. France: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 15. France: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 18. UK: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 19. UK: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 24. APAC: Handheld HVAC Monitoring Devices Market- By Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. APAC: Handheld HVAC Monitoring Devices Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. Australia: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 27. Australia: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 28. China: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 29. China: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 30. India: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 31. India: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 32. Japan: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 33. Japan: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 34. South Korea: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 35. South Korea: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of APAC: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of APAC: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 38. MEA: Handheld HVAC Monitoring Devices Market- By Device Type– Revenue and Forecast to 2028 (US$ Million)
Table 39. MEA: Handheld HVAC Monitoring Devices Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 40. South Africa: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 41. South Africa: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 42. Saudi Arabia: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 43. Saudi Arabia: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 44. UAE: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 45. UAE: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of MEA: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of MEA: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 48. SAM: Handheld HVAC Monitoring Devices Market- By Device Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. SAM: Handheld HVAC Monitoring Devices Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 50. Brazil: Handheld HVAC Monitoring Devices Market- By Device Type –Revenue and Forecast to 2028 (US$ Million)
Table 51. Brazil: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 52. Rest of SAM: Handheld HVAC Monitoring Devices Market- By Device Type–Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of SAM: Handheld HVAC Monitoring Devices Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 54. Glossary of Terms: Handheld HVAC Monitoring Devices Market
LIST OF FIGURES
Figure 1. Handheld HVAC Monitoring Devices Market Segmentation
Figure 2. Handheld HVAC Monitoring Devices Market Segmentation - Geography
Figure 3. Handheld HVAC Monitoring Devices Market Overview
Figure 4. Handheld HVAC Monitoring Devices Market, By Device Type
Figure 5. Handheld HVAC Monitoring Devices Market, By Application
Figure 6. Handheld HVAC Monitoring Devices Market, By Geography
Figure 7. North America PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. Asia Pacific PEST Analysis
Figure 10. Middle East & Africa PEST Analysis
Figure 11. South America PEST Analysis
Figure 12. Handheld HVAC Monitoring Devices Market: Ecosystem Analysis
Figure 13. Expert Opinion
Figure 14. Handheld HVAC Monitoring Devices Market: Impact Analysis of Drivers and Restraints
Figure 15. Global Handheld HVAC Monitoring Devices Market
Figure 16. Global Handheld HVAC Monitoring Devices Market, Forecast and Analysis (US$ Million)
Figure 17. Market Positioning- Top Five Players
Figure 18. Handheld HVAC Monitoring Devices Market Revenue Share, By Device Type (2020 and 2028)
Figure 19. Temperature and Humidity Meters: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 20. Gas Detector: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 21. Airflow Meter: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 22. HVAC Multimeter: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 23. Pressure Gauge Meter: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 24. Handheld HVAC Monitoring Devices Market Revenue Share, by Application (2020 and 2028)
Figure 25. Residential: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 26. Industrial: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 27. Commercial: Handheld HVAC Monitoring Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 28. Handheld HVAC Monitoring Devices Market Revenue Share, By Region (2020 and 2028)
Figure 29. North America: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America: Handheld HVAC Monitoring Devices Market Revenue Share, By Device Type (2020 and 2028)
Figure 31. North America: Handheld HVAC Monitoring Devices Market Revenue Share, By Application (2020 and 2028)
Figure 32. North America: Handheld HVAC Monitoring Devices Market Revenue Share, by Country (2020 and 2028)
Figure 33. US: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Canada: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Mexico: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Europe: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Europe: Handheld HVAC Monitoring Devices Market Revenue Share, By Device Type (2020 and 2028)
Figure 38. Europe: Handheld HVAC Monitoring Devices Market Revenue Share, By Application (2020 and 2028)
Figure 39. Europe: Handheld HVAC Monitoring Devices Market Revenue Share, By Country (2020 and 2028)
Figure 40. Germany: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. France: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Italy: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. UK: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Russia: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Rest of Europe: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. APAC: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. APAC: Handheld HVAC Monitoring Devices Market Revenue Share, By Device Type (2020 and 2028)
Figure 48. APAC: Handheld HVAC Monitoring Devices Market Revenue Share, By Application (2020 and 2028)
Figure 49. APAC: Handheld HVAC Monitoring Devices Market Revenue Share, By Country (2020 and 2028)
Figure 50. Australia: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. China: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. India: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Japan: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. South Korea: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. Rest of APAC: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. MEA: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. MEA: Handheld HVAC Monitoring Devices Market Revenue Share, By Device Type (2020 and 2028)
Figure 58. MEA: Handheld HVAC Monitoring Devices Market Revenue Share, By Application (2020 and 2028)
Figure 59. MEA: Handheld HVAC Monitoring Devices Market Revenue Share, By Country (2020 and 2028)
Figure 60. South Africa: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Saudi Arabia: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. UAE: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Rest of MEA: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. SAM: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. SAM: Handheld HVAC Monitoring Devices Market Revenue Share, By Device Type (2020 and 2028)
Figure 66. SAM: Handheld HVAC Monitoring Devices Market Revenue Share, By Application (2020 and 2028)
Figure 67. SAM: Handheld HVAC Monitoring Devices Market Revenue Share, By Country (2020 and 2028)
Figure 68. Brazil: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Rest of SAM: Handheld HVAC Monitoring Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. Impact of COVID-19 Pandemic in North American Country Markets
Figure 71. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 72. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 73. Impact of COVID-19 Pandemic in MEA Country Markets
Figure 74. Impact of COVID-19 Pandemic in SAM Country Markets
The List of Companies - Handheld HVAC Monitoring Device Market
- 3M
- Fluke Corporation
- Honeywell International Inc.
- TSI Incorporated
- Aeroqual Ltd
- Met One Instruments Inc.
- Kanomax USA, Inc.
- Testo SE & Co. KGaA
- PCE Deutschland GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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