NEW YORK, June 26, 2024 /PRNewswire/ — The global damper actuators market size is estimated to grow by USD 978.1 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 9.59% during the forecast period. Increasing demand for enhanced energy efficiency in hvac systems is driving market growth, with a trend towards increasing adoption of iot-enabled damper actuators. However, improper selection of damper actuators poses a challenge. Key market players include AB Regin, Azbil Corp., BELIMO Holding AG, Chao Feng Technology Ningbo Co. Ltd., DMI Technology Corp., Dura Control Systems, Dwyer Instruments LLC, Greenheck Fan Corp., Honeywell International Inc., HONUTEC BV, iO HVAC Controls, Johnson Controls International Plc., Kinetrol Ltd., KMC Controls Inc., Matsushima Measure Tech Co. Ltd., Rotork Plc, Schneider Electric SE, Siemens AG, Sontay Ltd., and Soolon Controls Beijing Co. Ltd..
Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report
|
Forecast period |
2024-2028 |
|
Base Year |
2023 |
|
Historic Data |
2018 – 2022 |
|
Segment Covered |
Type (Non-spring return damper actuator and Spring return damper actuator), End-user (Commercial, Residential, and Industrial), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) |
|
Region Covered |
North America, Europe, APAC, South America, and Middle East and Africa |
|
Key companies profiled |
AB Regin, Azbil Corp., BELIMO Holding AG, Chao Feng Technology Ningbo Co. Ltd., DMI Technology Corp., Dura Control Systems, Dwyer Instruments LLC, Greenheck Fan Corp., Honeywell International Inc., HONUTEC BV, iO HVAC Controls, Johnson Controls International Plc., Kinetrol Ltd., KMC Controls Inc., Matsushima Measure Tech Co. Ltd., Rotork Plc, Schneider Electric SE, Siemens AG, Sontay Ltd., and Soolon Controls Beijing Co. Ltd. |
Key Market Trends Fueling Growth
Damper actuators are becoming essential components of smart building systems, offering advanced control and automation for HVAC operations. These actuators communicate with central management systems for centralized monitoring, optimization, and predictive maintenance. Equipped with wireless connectivity, they enable remote monitoring and control, leading to enhanced energy efficiency and improved system performance. Smart damper actuators provide variable positioning and modulating control for precise airflow regulation, boosting indoor comfort and customization options. The market growth is driven by these benefits and the increasing integration of IoT technology in building automation.
The damper actuator market is experiencing significant growth due to the increasing demand for energy efficiency and comfort in buildings. Compressor controls, dampers, and pneumatic components are key elements in HVAC systems, and damper actuators play a crucial role in regulating airflow. Companies are focusing on developing compact and cost-effective solutions to meet the needs of various industries. The market is also driven by the trend towards automation and the integration of IoT technology in building management systems. Additionally, the growing demand for sustainable and eco-friendly solutions is expected to boost the market further. Overall, the damper actuator market is an essential component of the HVAC industry and is expected to continue its growth trajectory in the coming years.
Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report
Market Challenges
- The damper actuators market faces challenges due to inappropriate selection for various building types, including industrial, commercial, and residential. Factors such as incorrect torque and oversizing can negatively impact system performance and efficiency, leading to additional costs and inefficiencies. Proper assessment of building space usage is crucial before customizing HVAC solutions. Regulations for historic buildings add complexity, requiring permits and specific airflow and torque requirements. Despite industry training, incorrect selection remains a concern, potentially hindering market growth.
- The damper actuator market faces several challenges in its operation and application. One major challenge is the need for durability and reliability in harsh environments. These actuators must function effectively in extreme temperatures and pressures. Another challenge is the requirement for precise control and quick response times. The use of advanced technologies, such as servo drives and position sensors, can help address these challenges. Additionally, the increasing demand for energy efficiency and cost-effectiveness is driving the development of new materials and designs. The integration of artificial intelligence and machine learning algorithms is also expected to improve the performance and functionality of damper actuators. Overall, the damper actuator market is continuously evolving to meet the demands of various industries, including HVAC, power generation, and oil and gas.
For more insights on driver and challenges – Download a Sample Report
Segment Overview
This damper actuators market report extensively covers market segmentation by
- Type
- 1.1 Non-spring return damper actuator
- 1.2 Spring return damper actuator
- 2.1 Commercial
- 2.2 Residential
- 2.3 Industrial
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and Africa
1.1 Non-spring return damper actuator- Damper actuators without springs offer precise positioning for optimal airflow control in HVAC systems. These actuators provide faster response times, enhancing system performance and energy efficiency. They can be customized for various applications and integrated with building automation systems. With fewer mechanical components and a robust design, non-spring damper actuators require less maintenance and have longer service life. The market for these actuators is growing due to the focus on energy efficiency, smart building solutions, and the need for precise control in HVAC systems.
For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report
Research Analysis
In the HVAC industry, motor-operated rotary actuators, specifically damper actuators, play a crucial role in regulating airflow and maintaining optimal indoor environmental conditions. These actuators are essential components of control systems in various sectors, including industrialization and public utilities. During installation, it is important to consider motor limits switches and opening transmitters for proper functioning. Speed reduction techniques can be employed to ensure precise control and reduce wear and tear on the system. Overload switches provide an additional safety measure, preventing potential damage from overloading. Compatibility problems and regulatory compliance difficulties can arise in the implementation of damper actuators, necessitating careful consideration and planning. Economic downturns and competition from alternatives, such as manual handling, can impact market demand. Political, economic, and social scenarios, including curfews and workers’ strikes, can also influence the damper actuator market landscape. The Ace matrix and offerings from companies like Dura Control and Dwyer Instruments can help address these challenges and provide effective solutions.
Market Research Overview
The damper actuator market encompasses the production, supply, and installation of systems that regulate the damping of mechanical systems. These actuators are essential components in various industries, including HVAC, renewable energy, and process control. They function by controlling the flow of fluids or gases to adjust the position of dampers, ensuring optimal system performance and energy efficiency. The market for damper actuators is driven by factors such as increasing demand for energy-efficient solutions, growing focus on automation, and the expansion of industries that rely on damper systems. The market is segmented based on technology, application, and region. Actuators can be pneumatic, electric, or hydraulic, while applications include HVAC, power generation, and process control. Regions covered include North America, Europe, Asia Pacific, and the rest of the world.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
- Non-spring Return Damper Actuator
- Spring Return Damper Actuator
- End-user
- Commercial
- Residential
- Industrial
- Geography
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
