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Global HVAC Test Instruments Market 2017-2021

Global HVAC Test Instruments Market 2017-2021

About HVAC Test Instruments

A test instrument is used for testing, adjusting, and balancing (TAB) and maintenance activities of the HVAC system. Parameters such as airflow, quality, electrical connection and integration with other systems, temperature, and humidity conditions are measured using HVAC test instruments. These test instruments include clamp meters and anemometers, among others. Increasing occupant comfort at the lowest energy cost is the primary objective of HVAC TAB activities.

Technavio’s analysts forecast the global HVAC test instruments market to grow at a CAGR of 5.52% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global HVAC test instruments market for 2017-2021. To calculate the market size, the report considers the demand for HVAC test instruments from various applications.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global HVAC Test Instruments Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Fieldpiece Instruments
  • Fluke Corporation
  • Testo
  • TSI
Other prominent vendors
  • Cincinnati Test Systems
  • Dwyer Instruments
  • VTech Process Equipment
  • Klein Tools
  • KANOMAX
Market driver
  • Rising concern over IAQ in buildings
  • For a full, detailed list, view our report
Market challenge
  • Price consciousness and need to provide solutions that accommodate multiple technologies
  • For a full, detailed list, view our report
Market trend
  • Building automation systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global HVAC Test Instruments Market 2017-2021

Technavio recognizes the following companies as the key players in the global HVAC test instruments market: Fieldpiece Instruments, Fluke Corporation, Testo, and TSI.

Other Prominent Vendors in the market are: Cincinnati Test Systems, Dwyer Instruments, VTech Process Equipment, Klein Tools, and KANOMAX.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is building automation systems. Building automation systems (BAS) that control and monitor HVAC and other facilities of a given building are improved by embedding them with computing and digital communication tools that allow them to enhance energy efficiency. The number of integrated BAS installations has increased owing to the rise in the number of construction projects and building retrofits; the market is expected to reach $81 billion by 2021.”

According to the report, one driver in the market is rising concern over IAQ in buildings. HVAC test instruments are essential to ensure IAQ and compliance of HVAC systems with air quality standards. The growing concern over IAQ in buildings will contribute significantly to the growth of the market, primarily due to the extensive application of test instruments in the airflow and quality segment, which accounts for over 40% of the overall market share. Pollutions levels affect outdoor as well as indoor air quality. Recent developments in construction materials have resulted in the use of more synthetics and composites, which adversely affect IAQ.

Further, the report states that one challenge in the market is price consciousness and need to provide solutions that accommodate multiple technologies. Advances in technology have encouraged companies to invest in innovative products, thereby increasing market competitiveness. Evolving consumer preferences have increased the need for investments in product development. The majority of HVAC test instrument vendors are dependent on raw materials from China for the manufacturing process. The increase in raw material costs and import duties imposed by governments worldwide have increased the production cost of T&M equipment, thereby increasing the production cost of HVAC test instruments.

Companies Mentioned

Fieldpiece Instruments, Fluke Corporation, Testo, TSI, Cincinnati Test Systems, Dwyer Instruments, VTech Process Equipment, Klein Tools, and KANOMAX.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Global HVAC test instruments market by application 2016-2021
      • Table Global HVAC test instruments market by geography 2016-2021
  • Market landscape
    • Market overview
      • Table Global HVAC test instruments market
    • Market size and forecast
      • Table Global HVAC test instruments market 2016-2021 ($ millions)
      • Table Policies and regulations contributing to market growth
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Global HVAC test instruments market by application 2016 and 2021 ($ millions)
    • Table Global HVAC test instruments market by application 2016 and 2021 (%)
    • Airflow and quality
      • Table Global HVAC test instruments market by airflow and quality 2016-2021 ($ millions)
    • Temperature and humidity
      • Table Global HVAC test instruments market by temperature and humidity 2016-2021 ($ millions)
    • Electrical
      • Table Global HVAC test instruments market by electrical 2016-2021 ($ millions)
  • Geographical segmentation
    • Global HVAC test instruments market by geography
      • Table Global HVAC test instruments market by geography 2016-2021 ($ millions)
    • Americas
      • Table HVAC test instruments market in Americas 2016-2021 ($ millions)
    • APAC
      • Table HVAC test instruments market in APAC 2016-2021 ($ millions)
    • EMEA
      • Table HVAC test instruments market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table HVAC components and parts replacement rate in US 2010-2015
      • Table Average life expectancy of various HVAC equipment
      • Table SEER and HSPF rates for AC systems in US 2006-2013
      • Table SEER and HSPF for AC systems in US 2006-2015
      • Table Amended SEER and HSPF rates January 1, 2015
      • Table EER in US state January 1, 2015
      • Table Average off-mode power consumption of various HVAC product classes
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Important factors for vendors to sustain in the market
      • Table Skilled manpower gap in the HVAC industry 2012-2022 (%)
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Building automation systems
    • Advanced monitoring systems and intelligent technologies
    • Efficient maintenance and personal services for HVAC systems
    • Rise in adoption of smartphones for controlling HVAC devices
    • Interoperability era for T&M equipment
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Fieldpiece Instruments
      • Table Fieldpiece Instruments: HVAC test instrument products
    • Fluke Corporation
      • Table Fluke Corporation: HVAC test instrument products
    • Testo
      • Table Testo: HVAC test instruments products
    • TSI
      • Table TSI: HVAC test instruments products
  • Appendix
    • List of abbreviations
  • Explore Technavio

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