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HVAC Damper Actuators Market is estimated to register 3.3% CAGR during 2022-2028

This report studies the HVAC Damper Actuators market; Damper Actuators is a device that controls the opening and closing of a damper in an HVAC or heating, ventilation and air conditioning system.

Due to the COVID-19 pandemic, the global HVAC Damper Actuators market size is estimated to be worth US$ 1491.2 million in 2022 and is forecast to a readjusted size of US$ 1811.9 million by 2028 with a CAGR of 3.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Spring Return Damper Actuators accounting for % of the HVAC Damper Actuators global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Commercial Building segment is altered to an % CAGR throughout this forecast period.

Global HVAC Damper Actuators key players include Belimo, Johnson Controls, Siemens, etc. Global top three manufacturers hold a share about 55%.

Europe is the largest market, with a share over 35%, followed by North America and China, both have a share over 45 percent.

In terms of product, Non-Spring Return Damper Actuators is the largest segment, with a share over 75%. And in terms of application, the largest application is Commercial Building, followed by Industrial Facilities, Public Utilities, Residential, etc.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Spring Return Damper Actuators
  • Non-Spring Return Damper Actuators

Segment by Application

  • Commercial Building
  • Industrial Facilities
  • Public Utilities
  • Others

By Company

  • Belimo
  • Johnson Controls
  • Siemens
  • Honeywell
  • Rotork
  • Schneider
  • Azbil Corporation
  • Neptronic
  • KMC Controls
  • Dura Control
  • Dwyer Instruments
  • Hansen Corporation
  • Kinetrol

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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