Global Actuator Market Growth 2019-2024
First, for industry structure analysis, the HVAC Damper Actuators industry is relatively concentrated. These manufacturers ranging from large multinational corporations to small privately owned companies compete in this industry. Regionally, North America is the biggest production area, also the leader in the whole Damper Actuators industry.
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Second, the production of Damper Actuators increased from 11010 K Units in 2012 to 12479 K Units in 2016 with an average growth rate of more than 3.18%.
Third, Europe occupied 33.86% of the production market in 2016. It is followed by China which have around 11.21% of the global total industry. Geographically, North America was the largest consumption market in the world, which took about 33.34% of the global consumption volume in 2016.
According to this study, over the next five years the Actuator market will register a 1.3% CAGR in terms of revenue, the global market size will reach US$ 1410 million by 2024, from US$ 1310 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Actuator business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Actuator market by product type, application, key manufacturers and key regions and countries.
This study considers the Actuator value and volume generated from the sales of the following segments:
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Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Spring Return Damper Actuators
Non-Spring Return Damper Actuators
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Actuator consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Actuator market by identifying its various subsegments.
Focuses on the key global Actuator manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Actuator with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Actuator submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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