The Europe HVAC Actuators Market should witness market growth of 4.3% CAGR during the forecast period (2022-2028).
One of the key factors fueling the expansion of the HVAC actuators market is the rapid adoption of HVAC systems in building automation systems (BASs). Additionally, owing to improvements in wireless sensortechnologies and protocols, the deployment of BASs is rising significantly. Additionally, the increased demand for BAS implementation in office complexesand sizable shopping centers to boost management systems' productivity fuels the market's expansion on a worldwide scale.
The current HVAC systems include various devices, including actuators and sensors that track and regulate factors like temperature, airflow, and others. As a result, the HVAC systems are susceptible to thermal sensitivity, cooling sensation, and electrical problems. HVAC systems have been deployed in several facility projects, each distinct and special.
The demand for HVAC equipment in European nationsis anticipated to rise due to government requirements pertaining to energy efficiency and environmentally friendly refrigerants. The government of Germany is encouraging the rapid development of efficient and renewable heating & cooling technology. In Germany, this initiative has caused a large market shift, contributing to the HVAC sector's expansion. As a result, the variety of efficient and renewable technologies has increased significantly, including condensing boilers,CHP, heat pumps, solar thermal,and pellet heating systems. By 2050, Germany wants to establish a nearly climate-neutral building stock as part of its continuous shift to a renewable and sustainableenergy system. In Germany, 75% of buildings were constructed prior to 1980, making rehabilitation of the current stock essential to achieving energy efficiency goals. This supports the growth of the regional market.
The Germany market dominated the Europe HVAC Actuators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $302.2 Million by 2028. The UK market is anticipated to grow at a CAGR of 3.3% during (2022-2028). Additionally, The France market would exhibit a CAGR of 5.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
One of the key factors fueling the expansion of the HVAC actuators market is the rapid adoption of HVAC systems in building automation systems (BASs). Additionally, owing to improvements in wireless sensortechnologies and protocols, the deployment of BASs is rising significantly. Additionally, the increased demand for BAS implementation in office complexesand sizable shopping centers to boost management systems' productivity fuels the market's expansion on a worldwide scale.
The current HVAC systems include various devices, including actuators and sensors that track and regulate factors like temperature, airflow, and others. As a result, the HVAC systems are susceptible to thermal sensitivity, cooling sensation, and electrical problems. HVAC systems have been deployed in several facility projects, each distinct and special.
The demand for HVAC equipment in European nationsis anticipated to rise due to government requirements pertaining to energy efficiency and environmentally friendly refrigerants. The government of Germany is encouraging the rapid development of efficient and renewable heating & cooling technology. In Germany, this initiative has caused a large market shift, contributing to the HVAC sector's expansion. As a result, the variety of efficient and renewable technologies has increased significantly, including condensing boilers,CHP, heat pumps, solar thermal,and pellet heating systems. By 2050, Germany wants to establish a nearly climate-neutral building stock as part of its continuous shift to a renewable and sustainableenergy system. In Germany, 75% of buildings were constructed prior to 1980, making rehabilitation of the current stock essential to achieving energy efficiency goals. This supports the growth of the regional market.
The Germany market dominated the Europe HVAC Actuators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $302.2 Million by 2028. The UK market is anticipated to grow at a CAGR of 3.3% during (2022-2028). Additionally, The France market would exhibit a CAGR of 5.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe HVAC Actuators Market, by Type
1.4.2 Europe HVAC Actuators Market, by Technology
1.4.3 Europe HVAC Actuators Market, by Application
1.4.4 Europe 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. Europe HVAC Actuators Market by Type
3.1 Europe Spring Return Market by Country
3.2 Europe Non Spring Return Market by Country
Chapter 4. Europe HVAC Actuators Market by Technology
4.1 Europe Conventional Market by Country
4.2 Europe Smart Market by Country
Chapter 5. Europe HVAC Actuators Market by Application
5.1 Europe Industrial Facilities Market by Country
5.2 Europe Commercial Building Market by Country
5.3 Europe Public Utilities Market by Country
Chapter 6. Europe HVAC Actuators Market by Country
6.1 Germany HVAC Actuators Market
6.1.1 Germany HVAC Actuators Market by Type
6.1.2 Germany HVAC Actuators Market by Technology
6.1.3 Germany HVAC Actuators Market by Application
6.2 UK HVAC Actuators Market
6.2.1 UK HVAC Actuators Market by Type
6.2.2 UK HVAC Actuators Market by Technology
6.2.3 UK HVAC Actuators Market by Application
6.3 France HVAC Actuators Market
6.3.1 France HVAC Actuators Market by Type
6.3.2 France HVAC Actuators Market by Technology
6.3.3 France HVAC Actuators Market by Application
6.4 Russia HVAC Actuators Market
6.4.1 Russia HVAC Actuators Market by Type
6.4.2 Russia HVAC Actuators Market by Technology
6.4.3 Russia HVAC Actuators Market by Application
6.5 Spain HVAC Actuators Market
6.5.1 Spain HVAC Actuators Market by Type
6.5.2 Spain HVAC Actuators Market by Technology
6.5.3 Spain HVAC Actuators Market by Application
6.6 Italy HVAC Actuators Market
6.6.1 Italy HVAC Actuators Market by Type
6.6.2 Italy HVAC Actuators Market by Technology
6.6.3 Italy HVAC Actuators Market by Application
6.7 Rest of Europe HVAC Actuators Market
6.7.1 Rest of Europe HVAC Actuators Market by Type
6.7.2 Rest of Europe HVAC Actuators Market by Technology
6.7.3 Rest of Europe 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
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