Global HVAC Safety Devices Market 2017-2021

Overview of the global HVAC safety devices market

Market research analysts at Technavio predict that the global HVAC safety devices market will grow steadily during the forecast period and post a CAGR of around 6% by 2021. This market research analysis identifies the robust growth in the construction industry as one of the primary growth factors for this market. New constructions in the residential, commercial, and industrial sectors have increased the demand for HVAC systems, thereby improving building efficiencies and generating high revenue for the market. This will consequently increase the demand for safety devices to prevent mishaps since surges and the related hazards also increases.

Advances in technology have enabled the integration of Internet of Things (IoT) with heating, ventilation, and air conditioning (HVAC) equipment. IoT links components or systems with network connectivity to the Internet and enables them to send and receive data over a network. These systems provide real-time remote monitoring and actionable analytics and reduce operating costs by enabling management teams to improve building and equipment control. IoT sensors monitor the working conditions and other aspects of the various components of HVAC, including the associated safety devices. According to this market research and analysis, the integration of IoT with HVAC equipment will be one of the key trends that will gain traction in the HVAC safety devices market during the coming years.

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• Identify latent opportunities and explorative solutions in the HVAC safety devices market
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Competitive landscape and key vendors

The HVAC safety devices market is highly competitive and fragmented due to the presence of several international and regional vendors who compete based on features, functionalities, qualities, and services. The HVAC companies cater to various segments such as residential sector, commercial, and industrial infrastructure. The level of competition in the residential HVAC safety systems market will intensify in the coming years due to product extensions, technological innovations, and M&As.

The leading vendors in the market are -

• Eaton
• Intermatic Incorporated
• Mueller Industries
• Schneider Electric

The other prominent vendors in the market are CAREL INDUSTRIES, DITEK Surge Protection, Global Controls, and Trane.

Segmentation by end user and analysis of the HVAC safety devices market

• Non-residential
• Residential

The non-residential sector accounts for the major shares of the HVAC safety devices market due to the increase in infrastructural facilities across regions and the growth of data centers across the globe. Additionally, the growth in population, urbanization, rapid industrialization, steady economic growth, and the need to enhance the energy efficiency of buildings, that influence the construction of modern building systems, will also increase the demand for safety systems in the residential HVAC safety systems market.

Geographical segmentation and analysis of the HVAC safety devices market

• Americas
• APAC
• EMEA

The construction market in APAC is witnessing significant growth and the region is in dire need of quality infrastructure projects. Rising urbanization, rising disposable incomes, and high investments towards infrastructural development leads to the growth of the construction industry in this region This will be a major factor fueling the growth prospects of the residential HVAC safety systems market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global HVAC safety devices market?
• What are the key market trends impacting the growth of the global HVAC safety devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global HVAC safety devices market?
• What are the market opportunities and threats faced by the vendors in the global HVAC safety devices market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global HVAC safety devices market?

Technavio also offers customization on reports based on specific client requirement.