Commercial Segment to Dominate MEA Handheld HVAC Monitoring Devices Market during 2021–2028

According to a new market research study on “MEA Handheld HVAC Monitoring Devices Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Device Type and Application” is expected to reach US$ 71.17 million by 2028 from US$ 54.08 million in 2021. The market is estimated to grow at a CAGR of 4.0% from 2021 to 2028. The report provides trends prevailing in the MEA handheld HVAC monitoring devices market along with the drivers and restraints pertaining to the market growth. Accentuating technological advancements in handheld HVAC monitoring devices is the major factor driving the growth of the MEA handheld HVAC monitoring devices market. However, issues associated with the high cost of HVAC monitoring devices hinder the growth of MEA handheld HVAC monitoring devices market.  

The MEA handheld HVAC monitoring devices market is segmented based on product type, application and country. Based on device type, the market is segmented into temperature and humidity meters, gas detector, airflow meter, HVAC multimeter, and pressure gauge meter. The pressure gauge meter segment dominated the market in 2020 and temperature and humidity meters segment is expected to be the fastest growing during the forecast period. Based on application, the market is segmented into commercial, residential, and industrial. The commercial segment dominated the market in 2020 and industrial segment is expected to be the fastest growing during the forecast period. Based on country, the MEA handheld HVAC monitoring devices market is classified into Saudi Arabia, UAE, South Africa, and Rest of MEA.

3M; Aeroqual Ltd; Fluke Corporation; Honeywell International Inc.; Met One Instruments Inc.; PCE Deutschland GmbH; and Testo SE & Co. KGaA are among the leading companies in the MEA handheld HVAC monitoring devices market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 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.

 
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