NEW
YORK, June 26, 2024 /PRNewswire/ -- The global
damper actuators market size is estimated to grow by
USD 978.1 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of almost 9.59% during the forecast
period. Increasing demand for enhanced energy efficiency
in hvac systems is driving market growth, with a trend
towards increasing adoption of iot-enabled damper actuators.
However, improper selection of damper actuators poses a
challenge. Key market players include AB Regin, Azbil Corp., BELIMO
Holding AG, Chao Feng Technology Ningbo Co. Ltd., DMI Technology
Corp., Dura Control Systems, Dwyer Instruments LLC, Greenheck Fan
Corp., Honeywell International Inc., HONUTEC BV, iO HVAC Controls,
Johnson Controls International Plc., Kinetrol Ltd., KMC Controls
Inc., Matsushima Measure Tech Co. Ltd., Rotork Plc, Schneider
Electric SE, Siemens AG, Sontay Ltd., and Soolon Controls Beijing
Co. Ltd..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Non-spring return
damper actuator and Spring return damper actuator), End-user
(Commercial, Residential, and Industrial), and Geography (North
America, Europe, APAC, South America, and Middle East and
Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
AB Regin, Azbil Corp.,
BELIMO Holding AG, Chao Feng Technology Ningbo Co. Ltd., DMI
Technology Corp., Dura Control Systems, Dwyer Instruments LLC,
Greenheck Fan Corp., Honeywell International Inc., HONUTEC BV, iO
HVAC Controls, Johnson Controls International Plc., Kinetrol Ltd.,
KMC Controls Inc., Matsushima Measure Tech Co. Ltd., Rotork Plc,
Schneider Electric SE, Siemens AG, Sontay Ltd., and Soolon Controls
Beijing Co. Ltd.
|
Key Market Trends Fueling Growth
Damper actuators are becoming essential components of smart
building systems, offering advanced control and automation for HVAC
operations. These actuators communicate with central management
systems for centralized monitoring, optimization, and predictive
maintenance. Equipped with wireless connectivity, they enable
remote monitoring and control, leading to enhanced energy
efficiency and improved system performance. Smart damper actuators
provide variable positioning and modulating control for precise
airflow regulation, boosting indoor comfort and customization
options. The market growth is driven by these benefits and the
increasing integration of IoT technology in building
automation.
The damper actuator market is experiencing significant growth
due to the increasing demand for energy efficiency and comfort in
buildings. Compressor controls, dampers, and pneumatic components
are key elements in HVAC systems, and damper actuators play a
crucial role in regulating airflow. Companies are focusing on
developing compact and cost-effective solutions to meet the needs
of various industries. The market is also driven by the trend
towards automation and the integration of IoT technology in
building management systems. Additionally, the growing demand for
sustainable and eco-friendly solutions is expected to boost the
market further. Overall, the damper actuator market is an essential
component of the HVAC industry and is expected to continue its
growth trajectory in the coming years.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The damper actuators market faces challenges due to
inappropriate selection for various building types, including
industrial, commercial, and residential. Factors such as incorrect
torque and oversizing can negatively impact system performance and
efficiency, leading to additional costs and inefficiencies. Proper
assessment of building space usage is crucial before customizing
HVAC solutions. Regulations for historic buildings add complexity,
requiring permits and specific airflow and torque requirements.
Despite industry training, incorrect selection remains a concern,
potentially hindering market growth.
- The damper actuator market faces several challenges in its
operation and application. One major challenge is the need for
durability and reliability in harsh environments. These actuators
must function effectively in extreme temperatures and pressures.
Another challenge is the requirement for precise control and quick
response times. The use of advanced technologies, such as servo
drives and position sensors, can help address these challenges.
Additionally, the increasing demand for energy efficiency and
cost-effectiveness is driving the development of new materials and
designs. The integration of artificial intelligence and machine
learning algorithms is also expected to improve the performance and
functionality of damper actuators. Overall, the damper actuator
market is continuously evolving to meet the demands of various
industries, including HVAC, power generation, and oil and gas.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This damper actuators market report extensively covers market
segmentation by
- Type
- 1.1 Non-spring return damper actuator
- 1.2 Spring return damper actuator
- End-user
- 2.1 Commercial
- 2.2 Residential
- 2.3 Industrial
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Non-spring return damper actuator- Damper
actuators without springs offer precise positioning for optimal
airflow control in HVAC systems. These actuators provide faster
response times, enhancing system performance and energy efficiency.
They can be customized for various applications and integrated with
building automation systems. With fewer mechanical components and a
robust design, non-spring damper actuators require less maintenance
and have longer service life. The market for these actuators is
growing due to the focus on energy efficiency, smart building
solutions, and the need for precise control in HVAC systems.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
In the HVAC industry, motor-operated rotary actuators,
specifically damper actuators, play a crucial role in regulating
airflow and maintaining optimal indoor environmental conditions.
These actuators are essential components of control systems in
various sectors, including industrialization and public utilities.
During installation, it is important to consider motor limits
switches and opening transmitters for proper functioning. Speed
reduction techniques can be employed to ensure precise control and
reduce wear and tear on the system. Overload switches provide an
additional safety measure, preventing potential damage from
overloading. Compatibility problems and regulatory compliance
difficulties can arise in the implementation of damper actuators,
necessitating careful consideration and planning. Economic
downturns and competition from alternatives, such as manual
handling, can impact market demand. Political, economic, and social
scenarios, including curfews and workers' strikes, can also
influence the damper actuator market landscape. The Ace matrix and
offerings from companies like Dura Control and Dwyer Instruments
can help address these challenges and provide effective
solutions.
Market Research Overview
The damper actuator market encompasses the production, supply,
and installation of systems that regulate the damping of mechanical
systems. These actuators are essential components in various
industries, including HVAC, renewable energy, and process control.
They function by controlling the flow of fluids or gases to adjust
the position of dampers, ensuring optimal system performance and
energy efficiency. The market for damper actuators is driven by
factors such as increasing demand for energy-efficient solutions,
growing focus on automation, and the expansion of industries that
rely on damper systems. The market is segmented based on
technology, application, and region. Actuators can be pneumatic,
electric, or hydraulic, while applications include HVAC, power
generation, and process control. Regions covered include
North America, Europe, Asia
Pacific, and the rest of the world.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Non-spring Return Damper Actuator
- Spring Return Damper Actuator
- End-user
-
- Commercial
- Residential
- Industrial
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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