Market Overview:
The global electric damper actuators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient solutions across various industries and the growing need for smart buildings and facilities. The electric damper actuators market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into spring return damper actuators and non-spring return damper actuators. Non-spring return dampers are more popular than spring return dampers as they do not require any external power source for actuation and are easy to install. They are mainly used in HVAC systems where quick response time is required such as in air handling units (AHUs) or fan coil units (FCUs). On the basis of application, commercial buildings accounted for a major share of the global electric damper actuator market in 2017 owing to their growing demand for energy-efficient solutions worldwide. Industrial facilities was another key application segment owing to an increase in investments by end users across various industrial verticals such as oil & gas, chemicals & petrochemicals, metals & mining, etc.
Product Definition:
Electric Damper Actuators are devices used to control the airflow through ducts and other openings. They work by using an electric motor to open and close a damper, which regulates the amount of air that can flow through. This is important because it helps to ensure that the correct amount of air is flowing into or out of a space, which can help with heating or cooling efficiency.
Spring Return Damper Actuators:
The global spring return damper actuators market size was valued at USD 1.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to its rising demand across various industries including automotive, aerospace & defense, and construction equipment. The growing need for energy conservation has resulted in increased usage of electric dampers as they help achieve high fuel economy along with improved safety features.
Non-Spring Return Damper Actuators:
Non-spring return damper actuators are used in electric dampers to reduce the impact of high vibration on the structure. They are mainly used in safety devices such as seat belt tensioners, parking brake, and airbags.
The market for non-spring return damper actuators is expected to witness growth over the forecast period owing to increasing demand from end-user industries including automotive and aerospace & defense.
Application Insights:
The industrial facilities segment dominated the global electric damper actuators market in 2017, accounting for a share of over 30.0% by revenue. The growth can be attributed to the increasing demand for energy-efficient equipment across various industries including chemical, petrochemical and power generation. Furthermore, growing investments in green technologies such as wind and solar energy are expected to drive industry expansion over the forecast period.
Electric damper actuators provide smooth opening and closing of doors without any additional hardware or software requirements, which makes it suitable for use in industrial applications where low maintenance is a must.
Regional Analysis:
Asia Pacific dominated the global electric damper actuators market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2017 owing to high industrialization, coupled with rapid growth of commercial and residential construction industries. Moreover, rising demand for energy-efficient products has resulted in increased adoption of electric actuators.
The Asia Pacific market was followed by Europe which accounted for a share of more than 20%in 2017 due to growing infrastructure activities supported by increasing investments from public & private sectors. In addition, stringent government regulations regarding building energy consumption are anticipated to drive product demand across this region over the forecast period as well.
Growth Factors:
- Increasing demand for electric damper actuators in the HVAC market
- Growing popularity of smart homes and buildings, which require efficient and intelligent control systems
- Rising demand from the automotive industry for electric damper actuators to improve fuel efficiency and reduce emissions
- Proliferation of Internet of Things (IoT) and big data analytics, which is driving the need for more advanced control systems in buildings and factories
- Technological advancements that are making electric damper actuators smaller, lighter, and more energy-efficient
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Damper Actuators Market Research Report
By Type
Spring Return Damper Actuators, Non-Spring Return Damper Actuators
By Application
Commercial Building, Industrial Facilities, Public Utilities, Others
By Companies
Belimo, Johnson Controls, Siemens, Honeywell, Rotork, Schneider, Azbil Corporation, Neptronic, KMC Controls, Dura Control, Dwyer Instruments, Hansen Corporation, Kinetrol
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Electric Damper Actuators Market Report Segments:
The global Electric Damper Actuators market is segmented on the basis of:
Types
Spring Return Damper Actuators, Non-Spring Return Damper Actuators
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Building, Industrial Facilities, Public Utilities, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Belimo
- Johnson Controls
- Siemens
- Honeywell
- Rotork
- Schneider
- Azbil Corporation
- Neptronic
- KMC Controls
- Dura Control
- Dwyer Instruments
- Hansen Corporation
- Kinetrol
Highlights of The Electric Damper Actuators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spring Return Damper Actuators
- Non-Spring Return Damper Actuators
- By Application:
- Commercial Building
- Industrial Facilities
- Public Utilities
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Damper Actuators 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 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric damper actuators are devices that use an electric motor to control the opening and closing of a door or window. They are often used in commercial buildings, such as factories and warehouses, to keep airtight by controlling the amount of air entering and leaving a room.
Some of the key players operating in the electric damper actuators market are Belimo, Johnson Controls, Siemens, Honeywell, Rotork, Schneider, Azbil Corporation, Neptronic, KMC Controls, Dura Control, Dwyer Instruments, Hansen Corporation, Kinetrol.
The electric damper actuators market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Damper Actuators Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Damper Actuators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Damper Actuators Market - Supply Chain
4.5. Global Electric Damper Actuators Market Forecast
4.5.1. Electric Damper Actuators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Damper Actuators Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Damper Actuators Market Absolute $ Opportunity
5. Global Electric Damper Actuators Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Damper Actuators Market Size and Volume Forecast by Type
5.3.1. Spring Return Damper Actuators
5.3.2. Non-Spring Return Damper Actuators
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Damper Actuators Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Damper Actuators Market Size and Volume Forecast by Application
6.3.1. Commercial Building
6.3.2. Industrial Facilities
6.3.3. Public Utilities
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Damper Actuators Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Damper Actuators Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Damper Actuators Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Damper Actuators Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Damper Actuators Demand Share Forecast, 2019-2026
9. North America Electric Damper Actuators Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Damper Actuators Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Damper Actuators Market Size and Volume Forecast by Application
9.4.1. Commercial Building
9.4.2. Industrial Facilities
9.4.3. Public Utilities
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Damper Actuators Market Size and Volume Forecast by Type
9.7.1. Spring Return Damper Actuators
9.7.2. Non-Spring Return Damper Actuators
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Damper Actuators Demand Share Forecast, 2019-2026
10. Latin America Electric Damper Actuators Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Damper Actuators Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Damper Actuators Market Size and Volume Forecast by Application
10.4.1. Commercial Building
10.4.2. Industrial Facilities
10.4.3. Public Utilities
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Damper Actuators Market Size and Volume Forecast by Type
10.7.1. Spring Return Damper Actuators
10.7.2. Non-Spring Return Damper Actuators
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Damper Actuators Demand Share Forecast, 2019-2026
11. Europe Electric Damper Actuators Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Damper Actuators Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Damper Actuators Market Size and Volume Forecast by Application
11.4.1. Commercial Building
11.4.2. Industrial Facilities
11.4.3. Public Utilities
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Damper Actuators Market Size and Volume Forecast by Type
11.7.1. Spring Return Damper Actuators
11.7.2. Non-Spring Return Damper Actuators
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Damper Actuators Demand Share, 2019-2026
12. Asia Pacific Electric Damper Actuators Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Damper Actuators Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Damper Actuators Market Size and Volume Forecast by Application
12.4.1. Commercial Building
12.4.2. Industrial Facilities
12.4.3. Public Utilities
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Damper Actuators Market Size and Volume Forecast by Type
12.7.1. Spring Return Damper Actuators
12.7.2. Non-Spring Return Damper Actuators
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Damper Actuators Demand Share, 2019-2026
13. Middle East & Africa Electric Damper Actuators Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Damper Actuators Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Damper Actuators Market Size and Volume Forecast by Application
13.4.1. Commercial Building
13.4.2. Industrial Facilities
13.4.3. Public Utilities
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Damper Actuators Market Size and Volume Forecast by Type
13.7.1. Spring Return Damper Actuators
13.7.2. Non-Spring Return Damper Actuators
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Damper Actuators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Damper Actuators Market: Market Share Analysis
14.2. Electric Damper Actuators Distributors and Customers
14.3. Electric Damper Actuators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Belimo
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Johnson Controls
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honeywell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Rotork
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Schneider
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Azbil Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Neptronic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KMC Controls
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dura Control
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dwyer Instruments
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hansen Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kinetrol
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
