HVAC or heating, ventilation, and air conditioning damper is a movable plate, located in the ductwork, which regulates airflow, temperature, and humidity throughout buildings and homes. Actuators are the interface between the mechanical system and the control system and are critical to accurate control. Usually, 80% or more of the direct digital control (DDC) effects in the HVAC portion of the system go to actuators. If they are no longer positioned correctly, then all other portions of the air system suffer. HVAC damper actuators are extensively used in the terminal control, air duct system, and central air-conditioning unit.
According to the study, “Global HVAC Damper Actuators Market 2019 by Manufacturers, Regions, Type, and Application, Forecast to 2024” the key companies operating in the global HVAC damper actuators market are Belimo, Honeywell, Johnson Controls, Azbil Corporation, Siemens, KMC Controls, Rotork, Dwyer Instruments, Schneider, Hansen Corporation, Neptronic, Kinetrol, Dura Control.
Based on type, HVAC the damper actuators market is segmented into spring return damper actuators (two-position control, three-position control and modulating control) and non-spring return damper actuators. Based on the operation mode, the market is segmented into motorized and manual. The motorized segment dominates the market as it is equipped with the most advanced technologies available in the market. Based on material type, the market is segmented into stainless steel, aluminum, galvanized steel, and others. Galvanized steel holds the major share in the market owing to its ability to tolerate weather elements and the durability characteristics. Based on the application, the market is segmented into the air duct system, central air-conditioning unit, and terminal control. In addition, based on end-user, the market is segmented into a commercial building, public utilities, industrial facilities, and others. The commercial segment is predicted to hold the major share in the market due to the growth in consumption in the area due to endless applications in the industry during the forecast period.
The HVAC damper actuators market is driven by growth in applications in the industrial facilities, commercial building, and public utilities, followed by a rise in advancement in the HVAC damper industry and growth in government support towards the establishment of new industries. However, lack of awareness in the emerging economies and lack of skilled professionals may impact the market. Moreover, growth in infrastructural development in developing economies is a key opportunity for the market.
Based on geography, the Asian-Pacific region holds the major share in the HVAC damper actuators market owing to growth in technological advancements and an increase in demand for the products in the market in the region. The North-American and European regions are anticipated to witness a higher growth rate on account of a rise in demand from developing countries and various government initiatives regarding energy efficiency mandates over the forecast period. In the near future, it is expected that the market will be reached at rapid speed caused by growth in demand of the Internet of Things (IoT) in the HVAC industry during the forecast period. The global market is projected to grow at a CAGR of approximately 1.9% over the next five years, will reach the US $1460 million in 2024, from the US $1310 million in 2019.
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Ankur Gupta, Head Marketing & Communications