HVAC sensor market size worldwide 2017-2019, with forecasts up until 2027

The revenue of heating, ventilation, and air conditioning (HVAC) sensors worldwide is believed to increase by over 63 percent between 2019 and 2027, as smart homes and the internet of things (IoT) continue to develop. Indeed, the source states that HVAC sensors are going to thrive thanks to these two specific development. However, it lists other reasons too: For instance, the construction sector would face a "robust" growth, whereas governments would increasingly focus on the use of building management systems. Rising electricity costs and increasing use of HVAC sensors in cars are also listed as drivers for the market. However, whether the source calculated any potential impact of COVID-19 is not clear, as the figures provided here were released in the early phases of the global pandemic in 2020.