The Latin America, Middle East and Africa HVAC Actuators Market should witness market growth of 8.6% CAGR during the forecast period (2022-2028).
Several businesses are concentrating on the advancement of cloud computing technologyin HVAC to maintain and grow their clientele. Rotary actuators used in HVAC systems are powered by motors. When the mechanisms are combined, the actuator is employed in motor limit switches, overload switches,speed reduction, opening transmitters,and manual handling. Due to the machinery's standardized building design and regulatory approval processes, it is widely used in numerous non-residential applications.
Furthermore, the demand for HVAC actuatorsis being driven by the increase in population and per capita income, which is boosting demand for appliances like heaters and air conditioners. The population of cities is also expanding quickly.According to projections, there could be an additional 2.5 billion people living in urban areas by 2050 due to urbanization, which is the gradual transition of people from rural to urban areas. Nearly 90% of this increase is expected in Africa. The number of people living in urban areas worldwide quickly rose to4.2 billion in 2018 from 751 million in 1950.
In the Latin America region, commercial complexes like malls are emerging as a social hot spot. This shift is being driven by the expansion of the middle class in Latin America. This means that moreLatin Americans are now more financially secure and have more money to spend. As more people visit malls, the demand for proper cooling and ventilation arises. This would further increase the demand for HVAC systems as well as actuators. All these factors are promoting the regional market's growth in the coming years.
The Brazil market dominated the LAMEA HVAC Actuators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $96 Million by 2028. The Argentina market is experiencing a CAGR of 9.1% during (2022-2028). Additionally, The UAE market would showcase a CAGR of 8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Several businesses are concentrating on the advancement of cloud computing technologyin HVAC to maintain and grow their clientele. Rotary actuators used in HVAC systems are powered by motors. When the mechanisms are combined, the actuator is employed in motor limit switches, overload switches,speed reduction, opening transmitters,and manual handling. Due to the machinery's standardized building design and regulatory approval processes, it is widely used in numerous non-residential applications.
Furthermore, the demand for HVAC actuatorsis being driven by the increase in population and per capita income, which is boosting demand for appliances like heaters and air conditioners. The population of cities is also expanding quickly.According to projections, there could be an additional 2.5 billion people living in urban areas by 2050 due to urbanization, which is the gradual transition of people from rural to urban areas. Nearly 90% of this increase is expected in Africa. The number of people living in urban areas worldwide quickly rose to4.2 billion in 2018 from 751 million in 1950.
In the Latin America region, commercial complexes like malls are emerging as a social hot spot. This shift is being driven by the expansion of the middle class in Latin America. This means that moreLatin Americans are now more financially secure and have more money to spend. As more people visit malls, the demand for proper cooling and ventilation arises. This would further increase the demand for HVAC systems as well as actuators. All these factors are promoting the regional market's growth in the coming years.
The Brazil market dominated the LAMEA HVAC Actuators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $96 Million by 2028. The Argentina market is experiencing a CAGR of 9.1% during (2022-2028). Additionally, The UAE market would showcase a CAGR of 8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA HVAC Actuators Market, by Type
1.4.2 LAMEA HVAC Actuators Market, by Technology
1.4.3 LAMEA HVAC Actuators Market, by Application
1.4.4 LAMEA 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. LAMEA HVAC Actuators Market by Type
3.1 LAMEA Spring Return Market by Country
3.2 LAMEA Non Spring Return Market by Country
Chapter 4. LAMEA HVAC Actuators Market by Technology
4.1 LAMEA Conventional Market by Country
4.2 LAMEA Smart Market by Country
Chapter 5. LAMEA HVAC Actuators Market by Application
5.1 LAMEA Industrial Facilities Market by Country
5.2 LAMEA Commercial Building Market by Country
5.3 LAMEA Public Utilities Market by Country
Chapter 6. LAMEA HVAC Actuators Market by Country
6.1 Brazil HVAC Actuators Market
6.1.1 Brazil HVAC Actuators Market by Type
6.1.2 Brazil HVAC Actuators Market by Technology
6.1.3 Brazil HVAC Actuators Market by Application
6.2 Argentina HVAC Actuators Market
6.2.1 Argentina HVAC Actuators Market by Type
6.2.2 Argentina HVAC Actuators Market by Technology
6.2.3 Argentina HVAC Actuators Market by Application
6.3 UAE HVAC Actuators Market
6.3.1 UAE HVAC Actuators Market by Type
6.3.2 UAE HVAC Actuators Market by Technology
6.3.3 UAE HVAC Actuators Market by Application
6.4 Saudi Arabia HVAC Actuators Market
6.4.1 Saudi Arabia HVAC Actuators Market by Type
6.4.2 Saudi Arabia HVAC Actuators Market by Technology
6.4.3 Saudi Arabia HVAC Actuators Market by Application
6.5 South Africa HVAC Actuators Market
6.5.1 South Africa HVAC Actuators Market by Type
6.5.2 South Africa HVAC Actuators Market by Technology
6.5.3 South Africa HVAC Actuators Market by Application
6.6 Nigeria HVAC Actuators Market
6.6.1 Nigeria HVAC Actuators Market by Type
6.6.2 Nigeria HVAC Actuators Market by Technology
6.6.3 Nigeria HVAC Actuators Market by Application
6.7 Rest of LAMEA HVAC Actuators Market
6.7.1 Rest of LAMEA HVAC Actuators Market by Type
6.7.2 Rest of LAMEA HVAC Actuators Market by Technology
6.7.3 Rest of LAMEA 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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