The Asia Pacific HVAC Actuators Market should witness market growth of 5.0% CAGR during the forecast period (2022-2028).
Building Automation Systems (BAS)regulate numerous electrical, electronic, and mechanical systems throughout a building. It is essentially adistributed control system that unites several building system types into a single, central location. BASs are typically used to operate the HVAC systems in a building. They are used to control and maintain the lighting, security, as well as other systems in a building. BAS functions as a computer networking system that controls and monitors several different mechanical and electronic systems.
Additionally, one of the highest costs for managing home and commercial buildings is air conditioning. End users are resorting to integratingcloud computing intoHVAC systemsto manage these costs and guarantee the HVAC's effective operation. A growing number of HVAC companies are turning to cloud computing because of its scalability, flexibility, and improved collaboration. This promotes the market's need for HVAC actuators and inadvertently raises demand for improved HVAC systems. These electronics provide the HVAC system with remarkable efficiency.
The industrial and technological sectors in the Asia pacific region have been expanding continuously for the past few years. For example, due to increased investments and consumption, the World Bank projects that India's GDPwill grow by 8.7% in the fiscal year 2021. India is on the path to becoming the world's fastest-expanding major economy for the next two years. The need to enhance the retail, hotel, manufacturing, commercial real estate, ITand ITenabled services (ITES) industries, e-commerce sector, etc., is being driven by the rapid consumption of a growing population. This has resulted in a high demand for HVAC systems across various sectors. HVAC systems requirement is mainly emerging in warehouses, the pharmaceutical industry, IT and ITES organizations, manufacturing facilities,and other sectors. As these sectors are expected to increase quickly in the future due to growing industrialization and the expansion of the service sector.
The China market dominated the Asia Pacific HVAC Actuators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $697.7 Million by 2028. The Japan market is estimated to grow a CAGR of 4.3% during (2022-2028). Additionally, The India market would experience a CAGR of 6.1% during (2022-2028).
Based on Type, the market is segmented into Spring Return and Non Spring Return. Based on Technology, the market is segmented into Conventional and Smart. Based on Application, the market is segmented into Industrial Facilities, Commercial Building and Public Utilities. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Denso Corporation, Dwyer Instruments LTD.(Arcline Investment Management), Honeywell International, Inc., Johnson Controls International PLC, Robert Bosch GmbH, Schneider Electric SE , Siemens AG, ElectroCraft, Inc. (DMI Technology Corporation), and Rotork Plc.
Building Automation Systems (BAS)regulate numerous electrical, electronic, and mechanical systems throughout a building. It is essentially adistributed control system that unites several building system types into a single, central location. BASs are typically used to operate the HVAC systems in a building. They are used to control and maintain the lighting, security, as well as other systems in a building. BAS functions as a computer networking system that controls and monitors several different mechanical and electronic systems.
Additionally, one of the highest costs for managing home and commercial buildings is air conditioning. End users are resorting to integratingcloud computing intoHVAC systemsto manage these costs and guarantee the HVAC's effective operation. A growing number of HVAC companies are turning to cloud computing because of its scalability, flexibility, and improved collaboration. This promotes the market's need for HVAC actuators and inadvertently raises demand for improved HVAC systems. These electronics provide the HVAC system with remarkable efficiency.
The industrial and technological sectors in the Asia pacific region have been expanding continuously for the past few years. For example, due to increased investments and consumption, the World Bank projects that India's GDPwill grow by 8.7% in the fiscal year 2021. India is on the path to becoming the world's fastest-expanding major economy for the next two years. The need to enhance the retail, hotel, manufacturing, commercial real estate, ITand ITenabled services (ITES) industries, e-commerce sector, etc., is being driven by the rapid consumption of a growing population. This has resulted in a high demand for HVAC systems across various sectors. HVAC systems requirement is mainly emerging in warehouses, the pharmaceutical industry, IT and ITES organizations, manufacturing facilities,and other sectors. As these sectors are expected to increase quickly in the future due to growing industrialization and the expansion of the service sector.
The China market dominated the Asia Pacific HVAC Actuators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $697.7 Million by 2028. The Japan market is estimated to grow a CAGR of 4.3% during (2022-2028). Additionally, The India market would experience a CAGR of 6.1% during (2022-2028).
Based on Type, the market is segmented into Spring Return and Non Spring Return. Based on Technology, the market is segmented into Conventional and Smart. Based on Application, the market is segmented into Industrial Facilities, Commercial Building and Public Utilities. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Denso Corporation, Dwyer Instruments LTD.(Arcline Investment Management), Honeywell International, Inc., Johnson Controls International PLC, Robert Bosch GmbH, Schneider Electric SE , Siemens AG, ElectroCraft, Inc. (DMI Technology Corporation), and Rotork Plc.
Scope of the Study
By Type
- Spring Return
- Non Spring Return
By Technology
- Conventional
- Smart
By Application
- Industrial Facilities
- Commercial Building
- Public Utilities
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Continental AG
- Denso Corporation
- Dwyer Instruments LTD.(Arcline Investment Management)
- Honeywell International, Inc.
- Johnson Controls International PLC
- Robert Bosch GmbH
- Schneider Electric SE
- Siemens AG
- ElectroCraft, Inc. (DMI Technology Corporation)
- Rotork Plc
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific HVAC Actuators Market, by Type
1.4.2 Asia Pacific HVAC Actuators Market, by Technology
1.4.3 Asia Pacific HVAC Actuators Market, by Application
1.4.4 Asia Pacific HVAC Actuators Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific HVAC Actuators Market by Type
3.1 Asia Pacific Spring Return Market by Country
3.2 Asia Pacific Non Spring Return Market by Country
Chapter 4. Asia Pacific HVAC Actuators Market by Technology
4.1 Asia Pacific Conventional Market by Country
4.2 Asia Pacific Smart Market by Country
Chapter 5. Asia Pacific HVAC Actuators Market by Application
5.1 Asia Pacific Industrial Facilities Market by Country
5.2 Asia Pacific Commercial Building Market by Country
5.3 Asia Pacific Public Utilities Market by Country
Chapter 6. Asia Pacific HVAC Actuators Market by Country
6.1 China HVAC Actuators Market
6.1.1 China HVAC Actuators Market by Type
6.1.2 China HVAC Actuators Market by Technology
6.1.3 China HVAC Actuators Market by Application
6.2 Japan HVAC Actuators Market
6.2.1 Japan HVAC Actuators Market by Type
6.2.2 Japan HVAC Actuators Market by Technology
6.2.3 Japan HVAC Actuators Market by Application
6.3 India HVAC Actuators Market
6.3.1 India HVAC Actuators Market by Type
6.3.2 India HVAC Actuators Market by Technology
6.3.3 India HVAC Actuators Market by Application
6.4 South Korea HVAC Actuators Market
6.4.1 South Korea HVAC Actuators Market by Type
6.4.2 South Korea HVAC Actuators Market by Technology
6.4.3 South Korea HVAC Actuators Market by Application
6.5 Singapore HVAC Actuators Market
6.5.1 Singapore HVAC Actuators Market by Type
6.5.2 Singapore HVAC Actuators Market by Technology
6.5.3 Singapore HVAC Actuators Market by Application
6.6 Malaysia HVAC Actuators Market
6.6.1 Malaysia HVAC Actuators Market by Type
6.6.2 Malaysia HVAC Actuators Market by Technology
6.6.3 Malaysia HVAC Actuators Market by Application
6.7 Rest of Asia Pacific HVAC Actuators Market
6.7.1 Rest of Asia Pacific HVAC Actuators Market by Type
6.7.2 Rest of Asia Pacific HVAC Actuators Market by Technology
6.7.3 Rest of Asia Pacific HVAC Actuators Market by Application
Chapter 7. Company Profiles
7.1 Honeywell International, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Geographical Expansions:
7.1.6 SWOT Analysis
7.2 Schneider Electric SE
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Siemens AG
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.3.6 SWOT Analysis
7.4 Continental AG
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 Robert Bosch GmbH
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 SWOT Analysis
7.6 Denso Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Product Launches and Product Expansions:
7.7 Rotork plc
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Product Launches and Product Expansions:
7.8 Johnson Controls International PLC
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental & Regional Analysis
7.8.4 Research & Development Expenses
7.9 Dwyer Instruments, Inc. (Arcline Investment Management LP)
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Acquisition and Mergers:
7.10. ElectroCraft, Inc. (DMI Technology Corporation)
7.10.1 Company Overview
Companies Mentioned
- Continental AG
- Denso Corporation
- Dwyer Instruments LTD.(Arcline Investment Management)
- Honeywell International, Inc.
- Johnson Controls International PLC
- Robert Bosch GmbH
- Schneider Electric SE
- Siemens AG
- ElectroCraft, Inc. (DMI Technology Corporation)
- Rotork Plc
Methodology
LOADING...
