Press release
Hvac Actuators Market Is Expected to Generate $6.2 Billion by 2031: Allied Market Research
Grab our sample PDF with detailed insights, click here: https://www.linkedin.com/pulse/global-hvac-actuators-market-expected-generate
According to the report published by Allied Market Research, the global hvac actuators market garnered $3.9 billion in 2021, and is estimated to generate $6.2 billion by 2031, manifesting a CAGR of 4.6% from 2022 to 2031.
Onkar Sumant, a Manager, Construction and Manufacturing at Allied Market Research, stated, "The global HVAC actuators market has witnessed significant growth over the past decade, owing to rise in infrastructure development, chemical and food and beverage business. The rise of manufacturing and automation sectors has led to increase in heating, ventilation and air conditioning requirements in industrial construction. The Asia-Pacific holds the largest share in the market owing to large scale production of HVAC systems in China, in addition to high production of HVAC actuators. Moreover, LAMEA is the fastest growing region as there is increase in industrialization and urbanization in the developing nations such as Brazil, South Africa and other nations in the region."
Download Sample Pages:
https://www.facebook.com/alliedmarketresearch/posts/pfbid05FC3jG6mCuu8S7s561QgHcVNPci1jeqbuDpMvYaxrFSHohdWETTfzyEVgQTvFXSGl
Covid-19 Scenario:
The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global hvac actuators market, owing to implementation of global lockdown.
The pandemic caused a slowdown in commercial construction activities, which lowered the demand for air conditioning systems in commercial buildings such as industrial buildings, offices, malls and others, leading to decreased demand for HVAC actuators in 2020.
However, the market recovered by the end of 2021, as economies reopened for construction activities.
The research provides detailed segmentation of the global hvac actuators market based on type, technology, application, and region.
Based on technology, the conventional segment accounted for the highest share in 2021, holding more than half of the global hvac actuators market, and is expected to continue its leadership status during the forecast period. However, the smart segment is estimated to grow at the highest CAGR of 5.2% during the forecast period.
Based on application, the industrial facilities segment accounted for the highest share in 2021, contributing to more than two-fifths of the global hvac actuators market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the commercial building segment is expected to manifest the highest CAGR of 5.1% from 2022 to 2031.
Based on region, Asia-Pacific held the largest share in 2021, contributing to more than half of the global hvac actuators market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the LAMEA region is expected to manifest the fastest CAGR of 5.7% during the forecast period.
Leading market players of the global hvac actuators market analyzed in the research include Continental AG, Denso Corporation, Dwyer Instruments Inc, Electro Craft Inc., Honeywell International Inc., Johnson Controls International plc., Robert Bosch GmbH, Rotork Plc., Schneider Electric SE, Siemens AG.
Full Report With TOC: https://www.alliedmarketresearch.com/hvac-actuators-market-A09693
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285 |UK: +44-845-528-1300 | Hong Kong: +852-301-84916 |
India (Pune): +91-20-66346060|Fax: +1-855-550-5975
Email: help@alliedmarketresearch.com.
Follow us on LinkedIn , Twitter, Facebook, Pinterest, YouTube & Instagram.
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hvac Actuators Market Is Expected to Generate $6.2 Billion by 2031: Allied Market Research here
News-ID: 3056177 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for HVAC
Fusion HVAC & Appliance Repair Expands Emergency HVAC Services for NYC Homeowner …
24/7 Rapid Response Team Ensures Fast, Reliable Heating and Cooling Repairs Across New York City
Manhattan, NY - Fusion HVAC & Appliance Repair [https://fusionhvacappliance.repair/], a leading provider of residential and commercial HVAC services, has announced the expansion of its emergency repair services to better serve homeowners and businesses in New York City. With round-the-clock availability, expert technicians, and a commitment to customer satisfaction, the company ensures that HVAC and essential…
HVAC Repair Near Me: A Comprehensive Guide to Quality HVAC Services
Having a reliable HVAC system is essential for maintaining comfort in your home, especially during extreme weather. From routine maintenance to emergency repairs, knowing where to find HVAC repair near me ensures your system operates efficiently year-round. In this guide, we'll explore various HVAC services near me [http://fosterpandh.com/], their importance, and how Foster Plumbing & Heating can address your needs.
Why HVAC Systems Are CrucialThe Role of HVAC in Your Home
HVAC…
The HVAC Pump Market: Unlocking Efficiency of The Heart of HVAC Systems
When it comes to maintaining comfortable temperatures in our homes, offices, and industrial spaces, we often take it for granted that our heating, ventilation, and air conditioning (HVAC) systems work seamlessly in the background. But behind the scenes, there's a critical component that plays a pivotal role in ensuring our spaces are cool in the summer, warm in the winter, and well-ventilated year-round - the HVAC pump.
The Workhorse of HVAC…
"Driving the HVAC Industry: Exploring the Growing Market of HVAC Actuators"
HVAC actuators are crucial components of heating, ventilation, and air conditioning (HVAC) systems. They control the movement and position of various HVAC components, such as dampers, valves, and diffusers, to maintain the desired temperature and air quality in a building.
The global hvac actuators market size was valued at $3.9 billion in 2021, and is projected to reach $6.2 billion by 2031, growing at a CAGR of 4.6% from…
EDS's All-New HVAC Software Puts a Twist in the HVAC Industry
It's an expensive deal to keep a home warm, cool, and power rightly all the time. And it is a tedious job for the HVAC equipment providers to provide the right-sized HVAC solution without accurate heat or cooling load calculation. To address the challenges of the HVAC service providers, today, Energy Design Systems (EDS), a pioneered HVAC engineering solutions provider, has introduced EDS - a powerful HVAC software.
Today, Energy…
Automotive HVAC Technology Market 2018 by Type(Manual HVAC Systems, Automatic HV …
Automotive HVAC Technology MARKET
The market research report on the Global Automotive HVAC Technology Market presents an in-depth information about the various aspects of the market, on both global and regional scales, which provides a better understanding of the present market landscape. The growth of the Automotive HVAC Technology market has been driven by the soaring demand for Automotive HVAC Technology in the well-established and emerging regions, current technological advancements, and the…
