The Global HVAC Actuators Market size is expected to reach $5.1 billion by 2028, rising at a market growth of 4.7% CAGR during the forecast period.
A HVAC actuator uses a low-voltage signal to move the damper fromfully open tototally close. An actuator isa device component capable of moving and manipulating specific elements of a system or mechanism. This is accomplished by giving the actuator a control signal, which the actuator subsequently transforms into mechanical motion, frequently a rotational motion, and operates upon its surroundings.
This control system can be as basic as a fixed mechanical input, a manual one, or as sophisticated and highly precise as a piece of software. More particularly, the damper is controlled by an HVAC actuator. The smoke and clean air flow within an HVAC system can be modified using these powered devices. These devices use a low-voltage signal to operate HVAC dampers. Since they act as a link between the control system and the mechanical system, which is essential for precise control, actuators have a wide range of applications.
Normally, the actuator receives 80% or more of the electronic signals sent to HVAC systems. They are maybe the most important part of the whole system because when they are placed improperly, the entire air system suffers. Zone dampers are an essential part of a heating, ventilation, and air conditioning (HVAC)system, and the dampers won't work without the right actuators.
The four most typical types of actuators used in HVAC arespring return on/off actuator,air volume modulating actuator, chilled water on/off actuator, and PIBCV modulating actuator. For instance, actuators must close fire dampers quickly and under extreme heat to preserve lives during a fire. Actuators are also in charge of controlling chilled water flow, which affects how energy-efficient an air conditioner is.
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.
A HVAC actuator uses a low-voltage signal to move the damper fromfully open tototally close. An actuator isa device component capable of moving and manipulating specific elements of a system or mechanism. This is accomplished by giving the actuator a control signal, which the actuator subsequently transforms into mechanical motion, frequently a rotational motion, and operates upon its surroundings.
This control system can be as basic as a fixed mechanical input, a manual one, or as sophisticated and highly precise as a piece of software. More particularly, the damper is controlled by an HVAC actuator. The smoke and clean air flow within an HVAC system can be modified using these powered devices. These devices use a low-voltage signal to operate HVAC dampers. Since they act as a link between the control system and the mechanical system, which is essential for precise control, actuators have a wide range of applications.
Normally, the actuator receives 80% or more of the electronic signals sent to HVAC systems. They are maybe the most important part of the whole system because when they are placed improperly, the entire air system suffers. Zone dampers are an essential part of a heating, ventilation, and air conditioning (HVAC)system, and the dampers won't work without the right actuators.
The four most typical types of actuators used in HVAC arespring return on/off actuator,air volume modulating actuator, chilled water on/off actuator, and PIBCV modulating actuator. For instance, actuators must close fire dampers quickly and under extreme heat to preserve lives during a fire. Actuators are also in charge of controlling chilled water flow, which affects how energy-efficient an air conditioner is.
COVID-19 Impact Analysis
HVAC actuator demand declined due to low demand from various regions brought on by the government-imposed COVID-19 protocols in numerous nations. In addition, manufacturing of HVAC actuators for end users was suspended due to the COVID-19 pandemic, mostly due to protracted lockdowns in important international countries. The pandemic slowed the advancement of numerous commercial construction projects globally, reducing demand for HVAC systems. This affected the HVAC actuators market adversely. Additionally, due to strict lockdown measures, commercial buildings with air conditioning systems, including offices, malls, industrial buildings, and others, were closed.Market Growth Factors
Growing demand from commercial buildings due to technological advancementsh
Commercial buildings raise the demand for ventilation for improved air quality. The HVAC systemsaidin maintaining high temperatures and the amount of dust in poor conditions. HVAC systems alsoreduceoperating expenses. It is anticipated that rising government regulation and demand for effective HAV installation in commercial spaceswill accelerate the demand for HVAC actuators. Additionally, the increasingindustrialization and urbanization are propelling the construction of commercial spaces as well.In the upcoming years, this is anticipated to aid in the expansion of the HVAC actuatorsmarket.Benefits of HVAC systems and actuators in numerous sectors
HVAC systems are built to last and operate effectively. The HVAC actuators control their functions precisely and quickly. Because of the product's high durability and low energy usage, their demand is expected to rise. The equipment's adaptability and stability make it useful for volume control as well. Additionally, the rising demand for fail-proof equipment controls has facilitated numerous technological advancements. The rise of technologies like big data analytics and cloud computing has made the establishment of data centers worldwide necessary. All of these factors are anticipated during the forecast period to propel the HVAC actuators market.
Market Restraining Factors
Lack of knowledge and financial ambiguity
The product life cycle of thesesystems hasshrunk as a result of quick technological advancements. This is adversely impacting the profitability of suppliers of HVAC systems. Additionally, a significant lack of skilled professionals poses a major challenge to market growth.These barriers to HVAC system adoption are anticipated to have a direct impact on the expansion of the HVAC actuators market throughout the forecast period. During the forecast period, a lack of skilled professionals is anticipated to impact market growth.Type Outlook
Based on type, the HVAC actuators market is categorized into spring return and non-spring return. The spring return segment garnered the highest revenue share in the HVAC actuators market in 2021. In spring return actuators, the piston is supplied with liquid or air on one side, while a spring on the other side provides the force necessary to move the valve. A spring produces the opposite motion, opening or closing the valve depending on the pressure of the liquid orair. When the torque load is encountered on only one side during the activation stroke, thistype of actuator is the right alternative.Technology Outlook
On the basis of technology, the HVAC actuators market is divided into smart and conventional. The smart segment recorded a significant revenue share in the HVAC actuators market in 2021. Smart actuators are connected machines that can respond toexternal inputs with actuation and dampening capabilities. They are made of intelligent and synthetic materials (likelight, heat, humidity, magnetism, electricity,and chemical reactions). With the aid of a tablet, smartphone,or desktop, users of a smart HVAC system can remotely control their HVAC equipment. A smart HVAC system offers customers more accessible, user-friendly, and efficient control.Application Outlook
Based on application, the HVAC actuators market is segmented into commercial building, industrial facilities, and public utilities. The industrial facilities segment witnessed the maximum revenue share in the HVAC actuators market in 2021. Larger facilities, including chemical processing, manufacturing, electricity production, and water treatment plants, benefit from the heating, cooling, and ventilation provided by industrial HVAC systems. This is responsible for the growth of the segment. Although they operate on the same fundamental principles as residential HVAC systems, they are more complicated and have a higher capacity.Regional Outlook
On the basis of region, the HVAC actuators market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured the highest revenue share in the HVAC actuators market in 2021. The growth of the region is owed to ongoing technological development. The market is expected to develop as a result of government policies and mandates for energy efficiency. It is projected that the region's rising urbanization and industrialization will accelerate market expansion. Additionally, theincreasing demand for the internet of things (loT) in the HAVC sector will hasten market expansion.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 Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- 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
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- Exhaustive coverage
- The highest number of Market tables and figures
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global HVAC Actuators Market, by Type
1.4.2 Global HVAC Actuators Market, by Technology
1.4.3 Global HVAC Actuators Market, by Application
1.4.4 Global HVAC Actuators Market, by Geography
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. Global HVAC Actuators Market by Type
3.1 Global Spring Return Market by Region
3.2 Global Non Spring Return Market by Region
Chapter 4. Global HVAC Actuators Market by Technology
4.1 Global Conventional Market by Region
4.2 Global Smart Market by Region
Chapter 5. Global HVAC Actuators Market by Application
5.1 Global Industrial Facilities Market by Region
5.2 Global Commercial Building Market by Region
5.3 Global Public Utilities Market by Region
Chapter 6. Global HVAC Actuators Market by Region
6.1 North America HVAC Actuators Market
6.1.1 North America HVAC Actuators Market by Type
6.1.1.1 North America Spring Return Market by Country
6.1.1.2 North America Non Spring Return Market by Country
6.1.2 North America HVAC Actuators Market by Technology
6.1.2.1 North America Conventional Market by Country
6.1.2.2 North America Smart Market by Country
6.1.3 North America HVAC Actuators Market by Application
6.1.3.1 North America Industrial Facilities Market by Country
6.1.3.2 North America Commercial Building Market by Country
6.1.3.3 North America Public Utilities Market by Country
6.1.4 North America HVAC Actuators Market by Country
6.1.4.1 US HVAC Actuators Market
6.1.4.1.1 US HVAC Actuators Market by Type
6.1.4.1.2 US HVAC Actuators Market by Technology
6.1.4.1.3 US HVAC Actuators Market by Application
6.1.4.2 Canada HVAC Actuators Market
6.1.4.2.1 Canada HVAC Actuators Market by Type
6.1.4.2.2 Canada HVAC Actuators Market by Technology
6.1.4.2.3 Canada HVAC Actuators Market by Application
6.1.4.3 Mexico HVAC Actuators Market
6.1.4.3.1 Mexico HVAC Actuators Market by Type
6.1.4.3.2 Mexico HVAC Actuators Market by Technology
6.1.4.3.3 Mexico HVAC Actuators Market by Application
6.1.4.4 Rest of North America HVAC Actuators Market
6.1.4.4.1 Rest of North America HVAC Actuators Market by Type
6.1.4.4.2 Rest of North America HVAC Actuators Market by Technology
6.1.4.4.3 Rest of North America HVAC Actuators Market by Application
6.2 Europe HVAC Actuators Market
6.2.1 Europe HVAC Actuators Market by Type
6.2.1.1 Europe Spring Return Market by Country
6.2.1.2 Europe Non Spring Return Market by Country
6.2.2 Europe HVAC Actuators Market by Technology
6.2.2.1 Europe Conventional Market by Country
6.2.2.2 Europe Smart Market by Country
6.2.3 Europe HVAC Actuators Market by Application
6.2.3.1 Europe Industrial Facilities Market by Country
6.2.3.2 Europe Commercial Building Market by Country
6.2.3.3 Europe Public Utilities Market by Country
6.2.4 Europe HVAC Actuators Market by Country
6.2.4.1 Germany HVAC Actuators Market
6.2.4.1.1 Germany HVAC Actuators Market by Type
6.2.4.1.2 Germany HVAC Actuators Market by Technology
6.2.4.1.3 Germany HVAC Actuators Market by Application
6.2.4.2 UK HVAC Actuators Market
6.2.4.2.1 UK HVAC Actuators Market by Type
6.2.4.2.2 UK HVAC Actuators Market by Technology
6.2.4.2.3 UK HVAC Actuators Market by Application
6.2.4.3 France HVAC Actuators Market
6.2.4.3.1 France HVAC Actuators Market by Type
6.2.4.3.2 France HVAC Actuators Market by Technology
6.2.4.3.3 France HVAC Actuators Market by Application
6.2.4.4 Russia HVAC Actuators Market
6.2.4.4.1 Russia HVAC Actuators Market by Type
6.2.4.4.2 Russia HVAC Actuators Market by Technology
6.2.4.4.3 Russia HVAC Actuators Market by Application
6.2.4.5 Spain HVAC Actuators Market
6.2.4.5.1 Spain HVAC Actuators Market by Type
6.2.4.5.2 Spain HVAC Actuators Market by Technology
6.2.4.5.3 Spain HVAC Actuators Market by Application
6.2.4.6 Italy HVAC Actuators Market
6.2.4.6.1 Italy HVAC Actuators Market by Type
6.2.4.6.2 Italy HVAC Actuators Market by Technology
6.2.4.6.3 Italy HVAC Actuators Market by Application
6.2.4.7 Rest of Europe HVAC Actuators Market
6.2.4.7.1 Rest of Europe HVAC Actuators Market by Type
6.2.4.7.2 Rest of Europe HVAC Actuators Market by Technology
6.2.4.7.3 Rest of Europe HVAC Actuators Market by Application
6.3 Asia Pacific HVAC Actuators Market
6.3.1 Asia Pacific HVAC Actuators Market by Type
6.3.1.1 Asia Pacific Spring Return Market by Country
6.3.1.2 Asia Pacific Non Spring Return Market by Country
6.3.2 Asia Pacific HVAC Actuators Market by Technology
6.3.2.1 Asia Pacific Conventional Market by Country
6.3.2.2 Asia Pacific Smart Market by Country
6.3.3 Asia Pacific HVAC Actuators Market by Application
6.3.3.1 Asia Pacific Industrial Facilities Market by Country
6.3.3.2 Asia Pacific Commercial Building Market by Country
6.3.3.3 Asia Pacific Public Utilities Market by Country
6.3.4 Asia Pacific HVAC Actuators Market by Country
6.3.4.1 China HVAC Actuators Market
6.3.4.1.1 China HVAC Actuators Market by Type
6.3.4.1.2 China HVAC Actuators Market by Technology
6.3.4.1.3 China HVAC Actuators Market by Application
6.3.4.2 Japan HVAC Actuators Market
6.3.4.2.1 Japan HVAC Actuators Market by Type
6.3.4.2.2 Japan HVAC Actuators Market by Technology
6.3.4.2.3 Japan HVAC Actuators Market by Application
6.3.4.3 India HVAC Actuators Market
6.3.4.3.1 India HVAC Actuators Market by Type
6.3.4.3.2 India HVAC Actuators Market by Technology
6.3.4.3.3 India HVAC Actuators Market by Application
6.3.4.4 South Korea HVAC Actuators Market
6.3.4.4.1 South Korea HVAC Actuators Market by Type
6.3.4.4.2 South Korea HVAC Actuators Market by Technology
6.3.4.4.3 South Korea HVAC Actuators Market by Application
6.3.4.5 Singapore HVAC Actuators Market
6.3.4.5.1 Singapore HVAC Actuators Market by Type
6.3.4.5.2 Singapore HVAC Actuators Market by Technology
6.3.4.5.3 Singapore HVAC Actuators Market by Application
6.3.4.6 Malaysia HVAC Actuators Market
6.3.4.6.1 Malaysia HVAC Actuators Market by Type
6.3.4.6.2 Malaysia HVAC Actuators Market by Technology
6.3.4.6.3 Malaysia HVAC Actuators Market by Application
6.3.4.7 Rest of Asia Pacific HVAC Actuators Market
6.3.4.7.1 Rest of Asia Pacific HVAC Actuators Market by Type
6.3.4.7.2 Rest of Asia Pacific HVAC Actuators Market by Technology
6.3.4.7.3 Rest of Asia Pacific HVAC Actuators Market by Application
6.4 LAMEA HVAC Actuators Market
6.4.1 LAMEA HVAC Actuators Market by Type
6.4.1.1 LAMEA Spring Return Market by Country
6.4.1.2 LAMEA Non Spring Return Market by Country
6.4.2 LAMEA HVAC Actuators Market by Technology
6.4.2.1 LAMEA Conventional Market by Country
6.4.2.2 LAMEA Smart Market by Country
6.4.3 LAMEA HVAC Actuators Market by Application
6.4.3.1 LAMEA Industrial Facilities Market by Country
6.4.3.2 LAMEA Commercial Building Market by Country
6.4.3.3 LAMEA Public Utilities Market by Country
6.4.4 LAMEA HVAC Actuators Market by Country
6.4.4.1 Brazil HVAC Actuators Market
6.4.4.1.1 Brazil HVAC Actuators Market by Type
6.4.4.1.2 Brazil HVAC Actuators Market by Technology
6.4.4.1.3 Brazil HVAC Actuators Market by Application
6.4.4.2 Argentina HVAC Actuators Market
6.4.4.2.1 Argentina HVAC Actuators Market by Type
6.4.4.2.2 Argentina HVAC Actuators Market by Technology
6.4.4.2.3 Argentina HVAC Actuators Market by Application
6.4.4.3 UAE HVAC Actuators Market
6.4.4.3.1 UAE HVAC Actuators Market by Type
6.4.4.3.2 UAE HVAC Actuators Market by Technology
6.4.4.3.3 UAE HVAC Actuators Market by Application
6.4.4.4 Saudi Arabia HVAC Actuators Market
6.4.4.4.1 Saudi Arabia HVAC Actuators Market by Type
6.4.4.4.2 Saudi Arabia HVAC Actuators Market by Technology
6.4.4.4.3 Saudi Arabia HVAC Actuators Market by Application
6.4.4.5 South Africa HVAC Actuators Market
6.4.4.5.1 South Africa HVAC Actuators Market by Type
6.4.4.5.2 South Africa HVAC Actuators Market by Technology
6.4.4.5.3 South Africa HVAC Actuators Market by Application
6.4.4.6 Nigeria HVAC Actuators Market
6.4.4.6.1 Nigeria HVAC Actuators Market by Type
6.4.4.6.2 Nigeria HVAC Actuators Market by Technology
6.4.4.6.3 Nigeria HVAC Actuators Market by Application
6.4.4.7 Rest of LAMEA HVAC Actuators Market
6.4.4.7.1 Rest of LAMEA HVAC Actuators Market by Type
6.4.4.7.2 Rest of LAMEA HVAC Actuators Market by Technology
6.4.4.7.3 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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