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HVAC Test Instruments Market by Application and Geography - Global Forecast and Analysis 2019-2023

HVAC Test Instruments Market by Application and Geography - Global Forecast and Analysis 2019-2023

Global HVAC Test Instruments Market: About this market

Technavio’s HVAC test instruments market analysis considers sales from airflow and quality, temperature and humidity, electrical, and other applications. Our analysis also considers the sales of HVAC Test Instruments in APAC, Europe, North America, South America, and MEA. In 2018, the airflow and quality segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising stringency of IAQ regulations will play a significant role in the airflow and quality segment to maintain its market position. Also, our global HVAC Test Instruments market report looks at factors such as growing demand for HVAC systems, growing concerns toward improving IAQ in residential and commercial buildings, and online platforms selling HVAC test instruments. However, Threat to global players' existence from Chinese low-cost HVAC test instruments, lack of skilled HVAC professionals, and the ongoing slowdown in the Chinese economy may hamper the growth of the HVAC Test Instruments industry over the forecast period.

Global HVAC Test Instruments Market: Overview

Growing concerns toward improving IAQ in residential and commercial buildings

The air quality within residential and commercial buildings is paramount for the well-being of people as a major portion of people’s time is spent indoors. Hence, regulators are increasingly taking initiatives to create awareness about IAQ through various strategies, which include ventilation inside the buildings. HVAC plays a significant role in improving ventilation inside the buildings. Thus, growing concerns toward improving IAQ will drive the adoption of airflow and quality test instruments, thereby fueling the growth of the HVAC test instruments market at a CAGR of almost 6% during the forecast period.

The growing popularity of wireless HVAC test instruments

The demand for efficient HVAC test instruments is increasing among customers. The market is witnessing a growing demand for wireless HVAC test instruments, also called as non-contact HVAC test instruments, owing to their fast and intuitive operation. Also, these instruments enable data transmission via Bluetooth. This enables users to read measurements from one or multiple probes through the smartphone application. These instruments are crucial for setup and diagnosis of large HVAC systems. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global HVAC Test Instruments market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global HVAC Test Instruments market is moderately fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading HVAC Test Instruments manufacturers, that include Dwyer Instruments Inc., Fieldpiece Instruments Inc., Fortive Corp., Kanomax Corp., Mastercool Inc., PCE Americas Inc., Robert Bosch GmbH, Sauermann Industrie SA, Testo SE & Co. KGaA, and TSI Inc.

Also, the HVAC Test Instruments market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Product Overview
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global test and measurement equipment market
      • Table Segments of global test and measurement equipment market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Airflow and quality - Market size and forecast 2018-2023
      • Table Airflow and quality - Market size and forecast 2018-2023 ($ millions)
      • Table Airflow and quality - Year-over-year growth 2019-2023 (%)
    • Temperature and humidity - Market size and forecast 2018- 2023
      • Table Temperature and humidity - Market size and forecast 2018-2023 ($ millions)
      • Table Temperature and humidity - Year-over-year growth 2019-2023 (%)
    • Electrical - Market size and forecast 2018-2023
      • Table Electrical - Market size and forecast 2018-2023 ($ millions)
      • Table Electrical - Year-over-year growth 2019-2023 (%)
    • Other applications - Market size and forecast 2018-2023
      • Table Other applications - Market size and forecast 2018-2023 ($ millions)
      • Table Other applications - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Growing popularity of wireless HVAC test instruments
    • Increasing popularity of smart HVAC systems
    • Shift of HVAC systems toward adoption of low GWP refrigerants
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Dwyer Instruments Inc.
      • Table Dwyer Instruments Inc. - Vendor overview
      • Table Dwyer Instruments Inc. - Product segments
      • Table Dwyer Instruments Inc. - Organizational developments
      • Table Dwyer Instruments Inc. - Key offerings
    • Fieldpiece Instruments Inc.
      • Table Fieldpiece Instruments Inc. - Vendor overview
      • Table Fieldpiece Instruments Inc. - Product segments
      • Table Fieldpiece Instruments Inc. - Organizational developments
      • Table Fieldpiece Instruments Inc. - Key offerings
    • Fortive Corp.
      • Table Fortive Corp. - Vendor overview
      • Table Fortive Corp. - Business segments
      • Table Fortive Corp. - Organizational developments
      • Table Fortive Corp. - Geographic focus
      • Table Fortive Corp. - Segment focus
      • Table Fortive Corp. - Key offerings
    • Kanomax Corp.
      • Table Kanomax Corp. - Vendor overview
      • Table Kanomax Corp. - Product segments
      • Table Kanomax Corp. - Organizational developments
      • Table Kanomax Corp. - Key offerings
    • Mastercool Inc.
      • Table Mastercool Inc. - Vendor overview
      • Table Mastercool Inc. - Product segments
      • Table Mastercool Inc. - Key offerings
    • PCE Americas Inc.
      • Table PCE Americas Inc. - Vendor overview
      • Table PCE Americas Inc. - Product segments
      • Table PCE Americas Inc. - Organizational developments
      • Table PCE Americas Inc. - Key offerings
    • Robert Bosch GmbH
      • Table Robert Bosch GmbH - Vendor overview
      • Table Robert Bosch GmbH - Business segments
      • Table Robert Bosch GmbH - Organizational developments
      • Table Robert Bosch GmbH - Geographic focus
      • Table Robert Bosch GmbH - Segment focus
      • Table Robert Bosch GmbH - Key offerings
    • Sauermann Industrie SA
      • Table Sauermann Industrie SA - Vendor overview
      • Table Sauermann Industrie SA - Product segments
      • Table Sauermann Industrie SA - Organizational developments
      • Table Sauermann Industrie SA - Key offerings
    • Testo SE & Co. KGaA
      • Table Testo SE & Co. KGaA - Vendor overview
      • Table Testo SE & Co. KGaA - Product segments
      • Table Testo SE & Co. KGaA - Key offerings
    • TSI Inc.
      • Table TSI Inc. - Vendor overview
      • Table TSI Inc. - Product segments
      • Table TSI Inc. - Organizational developments
      • Table TSI Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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