The Global Damper Actuator Market is projected to grow at a CAGR of 6.5% during the forecast period from 2021 to 2028 and will reach a value of US$ 4,710 million by 2028. The electric type segment is estimated to witness significant growth over the forecast period owing to its low power consumption and ease of installation. The significant growth can be attributed to factors such as rising demand for energy-efficient buildings and high adoption of electric type damper actuators in the residential sector across the world. Asia Pacific region is expected to record the fastest growth due to rapid industrialization in emerging economies such as India and China. The North American region will also be an important contributor to this industry, due to the increasing demand for energy-efficient solutions in residential buildings.
A Damper Actuator is a device that controls the flow of air through ducts, vents, and louvers. A damper actuator can be used to control airflow in heating or cooling systems for residential buildings as well as industrial facilities such as factories and warehouses.
On the basis of Type, the market is segmented into Pneumatic type and Electric-type.
Pneumatic actuators are the most common and widely used type of damper. Pneumatic actuators use compressed air to control the flow within a duct or pipe system, whereas electrical devices rely on electric current for power. The primary advantage of pneumatic actuators is that they can be easily installed in different locations without the need for additional wiring and specialized equipment. They also save space because there are no bulky electrical wires needed to transmit energy across long distances like with an electro-pneumatics device. If you have limited headroom height, these types of dampers work well too as there's no requirement for any external power source such as electricity or DC systems which prevents interference from other sources being transmitted into your building.
Electric type actuators use electric current to provide power. These are more common in industrial applications where there is a heavy reliance on electricity and the need for large-scale control systems. In these cases, it's worth considering how much energy will be needed as well as looking at what other electrical components may be installed nearby which could interfere with voltage levels or produce unwanted noise when you're operating machinery that uses pneumatic dampers.
On the basis of Application, the market is segmented into Residential, Commercial Building, and Industrial Facilities. The Residential segment accounted for the largest share of this market in 2020 owing to the increasing global population which is leading to an increase in housing needs and construction activities as well. The demand from end-users such as commercial building owners has increased due to rising awareness about energy efficiency benefits offered by dampers. The global industrial buildings are estimated at around 80 billion square meters with a growth rate of more than three percent per year; hence, dampers will be needed in these facilities on an increasing level over the next decade. However, currently, there is no regulation on usage or standards that dictate their use because they are not widely used within Europe's building industry.
On the basis of Region, the market is segmented between North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The North American market is expected to have the highest CAGR, due to a rise in investment for residential and commercial building projects. The European market is expected to grow at a moderate pace over the forecast period because there are regulations on dampers usage within this region's buildings industry.
Up Market Research published a new report titled “Damper Actuator Market research report which is segmented by Types (Pneumatic Type, Electric Type), By Applications (Residential, Commercial Building, Industrial Facilities), By Players/Companies Johnson Controls, Siemens, Honeywell, BELIMO, Harold Beck, Rotork, Neptronic, Sontay, Joventa, Nenutec, Matsushima Measure Tech, Hansen, Dwyer Instruments, Azbil, Ventilation Control, KMC Controls, Dura Control, Kinetrol”.
|Report Attributes||Report Details|
|Report Title||Damper Actuator Market Research Report|
|By Type||Pneumatic Type, Electric Type|
|By Application||Residential, Commercial Building, Industrial Facilities|
|By Companies||Johnson Controls, Siemens, Honeywell, BELIMO, Harold Beck, Rotork, Neptronic, Sontay, Joventa, Nenutec, Matsushima Measure Tech, Hansen, Dwyer Instruments, Azbil, Ventilation Control, KMC Controls, Dura Control, Kinetrol|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||232|
|Number of Tables & Figures||163|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Pneumatic Type, Electric Type and By Application Residential, Commercial Building, Industrial Facilities.
Some of the companies that are profiled in this report are:
Damper Actuator Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Damper Actuator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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