Press release
Damper Actuator Market to Witness Exponential Growth By 2025
Dampers are the final control devices for almost all airflow in HVAC systems. Actuators are the interface between the control system and the mechanical system and are critical to accurate control.
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The major growth drivers of the Damper actuator market include rise in demand in non-residential applications due to standardization of building design. Energy efficient programs and government regulations in various region will be one of the major factor expected to drive the growth of global damper actuator market. Moreover, installation of HVAC damper actuators control systems across various sectors will fuel the growth of the market. In addition, rising demand from the developing countries is projected to fuel the growth of damper actuator over the forecast period.
Major challenges of Damper actuator market is upfront osts associated with high-efficiency HVAC. In parallel, worldwide financial uncertainty and macroeconomic situations such as currency exchange rates and economic difficulties are some of the major factors which may hinder the growth of Damper actuator market.
Damper actuator market: Segmentation
Segmentation on the basis of Product Type:
Global Damper actuator market is segmented on the basis of product type. On the basis of product type global damper actuator market segmented as pneumatic type and electric type. The global electric type damper actuator market is expected register a high market share during the forecast period due to their higher efficiency, reliability and increasing growth in non-residential applications.
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Further Damper actuator market is segmented on the basis of end-user. In now days Damper actuators are used in various industrial applications. On the basis of end-user Damper actuator market segmented as residential, commercial building and industrial facilities. Due to standardization of building design commercial building and industrial facilities is projected to exhibit high market share during forecast period.
Competition Landscape
Key Contract
In October 2014, Siemens AG, a Germany based industrial manufacturing company, has added new models and features to its line of OpenAir damper actuators.
Key Players
Some of the major players in global Damper actuator market are Johnson Controls, Siemens, Honeywell, and Schneider Electric BELIMO Holding AG, Harold Beck & Sons, Rotork, Neptronic, Sontay, Joventa, Nenutec, Matsushima Measure Tech, Hansen Corporation, Dwyer Instruments, Azbil Corporation, Ventilation Control Products, KMC Controls, Dura Control, and Kinetrol.
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