Report Description Table of Contents The hvac safety devices market was worth USD 3.2 billion in 2023 and will be worth USD 5.1 billion by 2030, growing at a CAGR of 6.2% during the forecast period. The HVAC safety devices market is primarily driven by the growing emphasis on the safety of buildings, growing awareness of indoor air quality, and recent legislation to curb risks in HVAC systems. The safety boxes are required by the U.S Occupational Safety and Health Administration (OSHA) to be installed to curb on any mishap especially in commercial structures. For instance, electrical problems associated with HVAC make up about 10% of the fire occurrences in commercial facilities requiring protective mechanisms such as the circuit breakers and pressure safety valves. Other innovations like smart safety systems that have been designed and installed to detect the malfunctions have also emerged. For instance, in 2023, Honeywell introduced a new series of smart sensors that have ability to detect system leakages and electrical faults; the new product added safety features in homes and industries. Higher adoption of these enhanced protective systems in HVAC systems should persist as more nations set higher building safety standards. The current market trends indicate multiple opportunities to growth within the HVAC safety devices market are the following: smart building technologies and safety regulations and standards. The smart building market size across the world is anticipated to be about $201.16 billion by 2030, and this significantly influences the need for enhanced HVAC safety equipment. The trend towards optimizing energy-efficient systems and safety systems in commercial and industrial buildings increases the need for products that include gas leak detectors, safety pressure valves, and shutdown systems. For instance, in 2023, Siemens released new smart HVAC safety devices that include IoT sensors that help check the performance of the system and identify any risks inherent in it in real time. This move to smart safety solutions offers tremendous opportunities for growth where envirotech and safety standards are heightening in areas like North America and Europe. Market Segmentation By Product Type: Pressure Safety Devices (Relief Valves, Pressure Switches) Gas Leak Detectors Smoke Detectors Flame Detectors Circuit Breakers Thermostats and Controls Carbon Monoxide Monitors Airflow Switches Others (Fuses, Ground Fault Circuit Interrupters) By End-User: Residential Commercial Industrial By Application: Heating Systems Ventilation Systems Air Conditioning Systems Refrigeration Systems By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA North America holds the largest market share of HVAC safety devices mainly because of its safety standards requirements and the use of advanced building technologies. Currently, the U.S is the most leading country with a projected investment exceeding $140 billion in networked commercial building automation and safety Heating Ventilation and air conditioning (HVAC). Some of the existing rules of the region like ASHRAE standards demand sophisticated security measures including the features like gas leak indicator and automated control of the system. Johnson Controls in 2023 introduced a portfolio of intelligent heating, ventilation, and air-conditioning safety solutions which provides solutions for these regulations are IoT-based monitoring solutions for early hazard identification. This regulatory pressure along with technological progression makes North America the leading region of the HVAC safety devices market. Key Players Honeywell International Inc. Johnson Controls Siemens AG Schneider Electric Emerson Electric Co. Lennox International Inc. Mitsubishi Electric Corporation Daikin Industries Ltd. United Technologies Corporation (Carrier) Trane Technologies Frequently Asked Question About This Report . Table of Contents 1. HVAC SAFETY DEVICES MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. HVAC SAFETY DEVICES MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – HVAC SAFETY DEVICES MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Product Type and End Use Outlook Analysis 4. HISTORIC TRENDS IN HVAC SAFETY DEVICES MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA HVAC SAFETY DEVICES MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America HVAC Safety Devices Historical Market ($MILLION), (2017 – 2023) 6.2. North America HVAC Safety Devices Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 6.3.1. Pressure Safety Devices (Relief Valves, Pressure Switches) 6.3.2. Gas Leak Detectors 6.3.3. Smoke Detectors 6.3.4. Flame Detectors 6.3.5. Circuit Breakers 6.3.6. Thermostats and Controls 6.3.7. Carbon Monoxide Monitors 6.3.8. Airflow Switches 6.3.9. Others (Fuses, Ground Fault Circuit Interrupters) 6.4. North America HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.4.1. Heating Systems 6.4.2. Ventilation Systems 6.4.3. Air Conditioning Systems 6.4.4. Refrigeration Systems 6.5. North America HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 6.5.1. Residential 6.5.2. Commercial 6.5.3. Industrial 6.6. North America HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.6.1. USA 6.6.2. Canada 6.6.3. Rest of North America 7. USA HVAC SAFETY DEVICES MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE HVAC SAFETY DEVICES MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe HVAC Safety Devices Historical Market ($MILLION), (2017 – 2023) 8.2. Europe HVAC Safety Devices Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 8.4. Europe HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.5. Europe HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 8.6. Europe HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.6.1. Germany 8.6.2. France 8.6.3. UK 8.6.4. Italy 8.6.5. Spain 8.6.6. Rest of Europe 9. APAC HVAC SAFETY DEVICES MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC HVAC Safety Devices Historical Market ($MILLION), (2017 – 2023) 9.2. APAC HVAC Safety Devices Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 9.4. APAC HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.5. APAC HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 9.6. APAC HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.6.1. China 9.6.2. Japan 9.6.3. South Korea 9.6.4. India 9.6.5. Australia 9.6.6. Rest of APAC 10. LATIN AMERICA HVAC SAFETY DEVICES MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America HVAC Safety Devices Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America HVAC Safety Devices Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 10.4. Latin America HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.5. Latin America HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By End-Use Industry 10.6. Latin America HVAC Safety Devices Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.6.1. Brazil 10.6.2. Argentina 10.6.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. HONEYWELL INTERNATIONAL INC. 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. Johnson Controls 11.3. Siemens AG 11.4. Schneider Electric 11.5. Emerson Electric Co. 11.6. Lennox International Inc. 11.7. Mitsubishi Electric Corporation 11.8. Daikin Industries Ltd. 11.9. OTHER MARKET PLAYERS