Damper Actuator Market to Offer Increased Growth Prospects for Manufacturers

Damper actuators are widely used in various non-residential applications due to standardization of building design and government approval procedures. Damper actuator are used in various non-commercial and commercial premises because several countries have been made standards for commercial and non-commercial buildings. In parallel, industrial buildings are becoming common areas of damper distribution in terms of building design standards across various countries. Increasing demand of internet of things (IoT) in HVAC industry are positively affecting the growth of global Damper market. In addition, efficiency mandates and government incentives and increased end-user focus on ideal building environments are the major driving factors for the use of global damper actuators

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.

Damper actuator market: Drivers and Challenges

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

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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.

Segmentation on the basis of End-user:

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.

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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.

Regional Overview

Presently, North America and Europe is holding the largest market share for damper actuator market due Increasing demand of internet of things (IoT) in HVAC industry. Moreover, Asia Pacific (APAC) is fastest growing market for damper actuator market due to increase use non-commercial buildings. Usage of low cost of damper actuators is projected to push the global damper actuator market. The demand for damper actuator has risen dramatically over the past 12 months globally.

The report covers exhaustive analysis on: Damper actuator market Segments Market Dynamics of Damper actuator market Historical Actual Market Size, 2012 – 2016 Market Size & Forecast 2017 to 2027 Value Chain of Damper actuator market Market Current Trends/Issues/Challenges Competition & Companies involved Market Drivers and Restraints

Regional analysis for Damper actuator market includes development of these systems in the following regions: North America By US By Canada Latin America By Brazil By Mexico By Others Eastern Europe Russia Poland Rest OF Eastern Europe Western Europe Germany France U.K. Spain Italy NORDIC Benelux Rest of Western Europe Asia Pacific By Australia and New Zealand (ANZ) By Greater China By India By ASEAN By Rest of Asia Pacific Japan Middle East and Africa By GCC Countries By Other Middle East By North Africa By South Africa By Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights: Detailed overview of parent market Changing market dynamics of the industry In-depth market segmentation of Damper actuator market Recent industry trends and developments in Damper actuator market Competitive landscape of Damper actuator market Strategies of key players and product offerings Potential and niche segments/regions exhibiting promising growth A neutral perspective towards market performance Must-have information for market players to sustain and enhance their market footprint

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