Press release
HVAC Actuator Market is expected to reach USD 6.16 Billion by 2030 : Cognitive Market Research
HVAC Actuator Market is expected to reach USD 6.16 Billion by 2030 : Cognitive Market Research
What is HVAC actuator?
- The HVAC actuator chiller is managed by dampers. The positions of the actuator damper are everyplace fully closed and fully open by using the low-voltage signal. Zone dampers are the key component of the HVAC system and are suitable without actuators and the damper is not operated at all.
Summary:
• The HVAC Actuator Market size was valued at USD 4.11 Billion in 2022 and is expected to grow at a CAGR Of 4.2 % during the forecast period, reaching USD 6.16 Billion by 2030.
• Asia-Pacific has the largest revenue share in the HVAC actuator market.
"To know more about The HVAC Actuator Market statistics click here: https://www.cognitivemarketresearch.com/hvac-actuator-market-report
Market Dynamics:
• HVAC Actuator Market Drivers
Increasing per capita income and population are generating demand for appliances including air conditioners and heaters is expected to drive the growth of the HVAC actuator market. In addition, increasing demand for commercial construction activities in cooling and heating equipment in several industries is likely to boost the growth of the HVAC actuator market.
• HVAC Actuator Market Opportunities
Fast HVAC systems penetration in construction automation systems is creating growth opportunities for the HVAC actuator market in the forecast period. In addition, increasing BASs adoption due to wireless protocols and improvements in wireless sensor system technology is projected to create growth opportunities for the HVAC actuator market.
• HVAC Actuator Market Restraints
Increasing the cost of the HVAC actuator is the key factor hampering the growth of the HVAC actuator market. In addition, HVAC systems upgradation is a complex process and involves a defined clear plan is anticipated to restrict the demand of the HVAC actuator market in the forecast period.
Segmentation Analysis:
Type:
• Nоn Spring Return
• Spring Return
Based on type, the spring return segment has the major revenue share in the HVAC actuator market. This is attributed to the spring return actuator used to the spring force generates power expected to boost the demand for this segment in the target market.
Technology:
• Conventional
• Smart
Based on technology, the conventional segment has the largest revenue share in the HVAC actuator market. This is due to conventional actuators used in electric, hydraulic, and pneumatic motors for input power. In addition, the pneumatic and hydraulic actuators are used to create mechanical motion and electric motors convert mechanical energy to electrical energy projected to fuel the growth of this segment.
Application:
• Public Utilities
• Commercial Building
• Industrial Facilities
Based on application, the industrial facilities segment has the largest market share in the HVAC actuator market. This is owing to industrial HVAC actuators in the food and beverage and manufacturing industry to monitor, operate, humidity, control is likely to propel the demand for this segment in the target market.
The Major Players in HVAC Actuator Market are:
Belimo, Johnson Controls, Siemens, Honeywell, Rotork, Schneider, Azbil Corporation, Neptronic, KMC Controls, Dura Control, Dwyer Instruments, Hansen Corporation, Kinetrol, Nenutec
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Regional Analysis:
- Asia-Pacific accounted for the largest share of the HVAC actuator market
Asia-Pacific has the largest revenue share in the HVAC actuator market. This is due to increasing key players in the region and demand for HVAC actuators in the region anticipated to drive the growth of the target market in the region.
HVAC Actuator Industry News:
- Rotork has launched the AC version of the PAX1 linear actuator
In December 2020, Rotork PLC has released new developed AC version of the PAX1 linear actuator. PAX1 units are low-voltage, flexible, actuators, which are used in remote explosion-proof. This new version actuator has capable to control the pressure of 0-0.5 psig to 0-3,000 psig.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global HVAC Actuator Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 HVAC Actuator Market Segmentation
1.5.1 HVAC Actuator Market Regional Fragmentation
1.5.1 HVAC Actuator Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of HVAC Actuator Market
Chapter 4 Global HVAC Actuator Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global HVAC Actuator Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global HVAC Actuator Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global HVAC Actuator Market by Technology Segmentation Analysis (2018-2030)
Chapter 12 Global HVAC Actuator Market Regional Analysis
Chapter 13 North America HVAC Actuator Market Outlook (2018 - 2030)
Chapter 14 Europe HVAC Actuator Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific HVAC Actuator Market Outlook (2018 - 2030)
Chapter 16 Latin America HVAC Actuator Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa HVAC Actuator Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more HVAC Actuator Market TOC click here: https://www.cognitivemarketresearch.com/hvac-actuator-market-report#table_of_contents
Related Report:
• HVAC Controls Market - https://www.cognitivemarketresearch.com/hvac-controls-market-report
• HVAC Accessories market - https://www.cognitivemarketresearch.com/hvac-accessories-market-report
• HVAC Air Diffusers Market - https://www.cognitivemarketresearch.com/hvac-air-diffusers-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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