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Global HVAC Dampers Market is projected to grow at a CAGR of 2.51% over the forecast period (2019 – 2027), driven by the rising demand of air conditioners in commercial sector

01-22-2020 12:37 PM CET | Health & Medicine

Press release from: Absolute Markets Insights

Global HVAC Dampers Market is projected to grow at a CAGR of 2.51%

HVAC has now become an integral part of residential and commercial buildings. The technological advancement in the HVAC has led to introduction of dampers with diverse functionalities. For instance, fire dampers restricts the passage of flame by interrupting the air flow and can even control the movement of smoke. Similarly, tight seal dampers are used in fumigation of fruits and vegetables storage chamber with a purpose to maintain their freshness for a prolonged period. Increasing applicability of HVAC in commercial and industrial buildings is fueling the growth of HVAC dampers market. Availability of different types of dampers and their application in various fields justifies their rising demand. Damper manufacturers are focusing on the providing smart building solutions with an intention to capitalize this opportunity. Out of the total energy consumed in United States 40% is used by residential buildings of which 17% is utilized by HVAC. There is a rising trend of incorporating energy management systems with a purpose of analysis of energy usage. This is leading to rise in demand for smart building solutions worldwide.

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“Rising temperature levels coupled with increase in applicability of HVACs in various commercial sectors is driving the growth of the HVAC market”

In terms of revenue, the global HVAC dampers market stood at US$ 1,526.2 million in 2018, and is anticipated to reach US$ 1,874.3 million by 2027, expanding at a CAGR of 2.51% during the forecast period (2019 – 2027). The detailed research study provides qualitative and quantitative analysis of global HVAC dampers Market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes majorly on the different geographical regions world wide

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Global HVAC Dampers Market:
• By Shape of Dampers
o Round
o Rectangular
• By Material Type
o Aluminum
o Galvanized Steel
o Stainless Steel
o Others
• By Application
o Residential
o Commercial/Industrial
• By Operation Mode
o Manual
o Motorized
• By Region
o North America
 U.S.
 Canada
 Mexico
o Europe
 France
 The UK
 Spain
 Germany
 Italy
 Nordic Countries
 Denmark
 Finland
 Iceland
 Sweden
 Norway
 Benelux Union
 Belgium
 The Netherlands
 Luxembourg
 Rest of Europe

o Asia Pacific
 China
 Japan
 India
 New Zealand
 Australia
 South Korea
 Southeast Asia
 Indonesia
 Thailand
 Malaysia
 Singapore
 Rest of Southeast Asia
 Rest of Asia Pacific

o Middle East and Africa
 Saudi Arabia
 UAE
 Egypt
 Kuwait
 South Africa
 Rest of Middle East & Africa

o Latin America
 Brazil
 Argentina
 Rest of Latin America

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Company: Absolute Markets Insights
Email id: sales@absolutemarketsinsights.com
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Contact Name: Shreyas Tanna
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Model Colony, Shivajinagar, Pune, MH, 411016
Website: https://www.absolutemarketsinsights.com/

About Us:
Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.

From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.

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