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Damper actuator market Segmented By product type that is pneumatic type and electric type used in residential, commercial building and industrial facilities.
Damper actuators are widely used in various non-residential applications due to standardization of building design and government approval procedures. Damper actuator are used in various non-commercial and commercial premises because several countries have been made standards for commercial and non-commercial buildings.
In parallel, industrial buildings are becoming common areas of damper distribution in terms of building design standards across various countries.
Increasing demand of internet of things (IoT) in HVAC industry are positively affecting the growth of global Damper market. In addition, efficiency mandates and government incentives and increased end-user focus on ideal building environments are the major driving factors for the use of global damper actuators
Dampers are the final control devices for almost all airflow in HVAC systems. Actuators are the interface between the control system and the mechanical system and are critical to accurate control
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The major growth drivers of the Damper actuator market include rise in demand in non-residential applications due to standardization of building design. Energy efficient programs and government regulations in various region will be one of the major factor expected to drive the growth of global damper actuator market.
Moreover, installation of HVAC damper actuators control systems across various sectors will fuel the growth of the market. In addition, rising demand from the developing countries is projected to fuel the growth of damper actuator over the forecast period.
Major challenges of Damper actuator market is upfront osts associated with high-efficiency HVAC. In parallel, worldwide financial uncertainty and macroeconomic situations such as currency exchange rates and economic difficulties are some of the major factors which may hinder the growth of Damper actuator market.
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Key Contract
In October 2014, Siemens AG, a Germany based industrial manufacturing company, has added new models and features to its line of OpenAir damper actuators.
Key Players
Some of the major players in global Damper actuator market are Johnson Controls, Siemens, Honeywell, and Schneider Electric BELIMO Holding AG, Harold Beck & Sons, Rotork, Neptronic, Sontay, Joventa, Nenutec, Matsushima Measure Tech, Hansen Corporation, Dwyer Instruments, Azbil Corporation, Ventilation Control Products, KMC Controls, Dura Control, and Kinetrol.
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Presently, North America and Europe is holding the largest market share for damper actuator market due Increasing demand of internet of things (IoT) in HVAC industry. Moreover, Asia Pacific (APAC) is fastest growing market for damper actuator market due to increase use non-commercial buildings.
Usage of low cost of damper actuators is projected to push the global damper actuator market. The demand for damper actuator has risen dramatically over the past 12 months globally.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
