Market Overview:
The global HVAC actuator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient buildings and rising awareness about energy conservation measures. In addition, the growing construction industry is also contributing to the growth of this market. The global HVAC actuator market can be segmented on the basis of type into spring return HVAC actuators and non-spring return HVAC actuators. The spring return type dominates this market owing to its low installation cost and easy maintenance. On the basis of application, commercial buildings account for a major share of this market followed by industrial facilities, public utilities, residential buildings, and others segments respectively.
Product Definition:
HVAC actuators are devices that control the flow of air through HVAC systems. They are used to adjust the temperature and humidity in a building, as well as to ensure that the system is running efficiently.
Spring Return HVAC Actuator:
The global spring return HVAC actuator market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The demand for these actuators is increasing due to their ability to provide precise control, improved safety, and energy efficiency in heating, ventilation and air conditioning (HVAC) systems.
Non-Spring Return HVAC Actuator:
The actuator is a mechanical device which performs the function of opening and closing the valve. The main objective of using an actuator in heating, ventilation and air conditioning (HVAC) system is to control temperature differences within a confined space. An HVAC unit uses various types of actuators including blower, screw, centrifugal, reciprocating piston and non-spring return for performing its operations.
Application Insights:
The market is segmented based on application into commercial building, industrial facilities, public utilities, and residential. The commercial buildings sector accounted for the largest share in 2017 owing to the growing construction of shopping malls, office buildings and hotels in various countries such as China, India and Australia. This trend is expected to continue over the forecast period due to increasing disposable income among consumers coupled with a rise in spending on home improvement activities across developed economies including Germany, U.K., France and Italy.
The industrial facilities segment is projected to witness significant growth over the forecast period owing to rising demand for HVAC actuators from manufacturing industries that require precise control of temperature and humidity levels within their premises. These actuators are used as part of process automation systems that ensure efficient production processes by controlling environmental conditions such as temperature & humidity at desired levels within a limited time span along with scheduling operations automatically through programmable logic controllers (PLC).
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to stringent government regulations regarding energy consumption and environmental protection. Moreover, rising awareness about maintaining constant indoor temperature is expected to drive demand for actuators over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing construction activities in emerging economies such as China and India owing to growing population, thereby creating a need for HVAC systems in commercial buildings, industrial facilities, public utilities and residential applications.
Growth Factors:
- Increasing demand for energy-efficient buildings: The global market for HVAC actuators is expected to grow at a CAGR of 5.5% from 2016 to 2021, owing to the increasing demand for energy-efficient buildings.
- Growing popularity of smart homes: The market for smart homes is growing at a rapid pace and this is expected to drive the growth of the HVAC actuator market during the forecast period.
- Rising awareness about green buildings: There is an increasing awareness among people about green buildings and their benefits, which is driving the growth of the HVAC actuator market.
- Technological advancements in HVAC systems: Advancements in technology are resulting in better and more efficient HVAC systems, which is propelling the growth of the global HVAC actuator market.
Scope Of The Report
Report Attributes
Report Details
Report Title
HVAC Actuator Market Research Report
By Type
Spring Return HVAC Actuator, Non-Spring Return HVAC Actuator
By Application
Commercial Building, Industrial Facilities, Public Utilities, Residential, Others
By Companies
Belimo, Johnson Controls, Siemens, Honeywell, Rotork, Schneider, Azbil Corporation, Neptronic, KMC Controls, Dura Control, Dwyer Instruments, Hansen Corporation, Kinetrol, Nenutec
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
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global HVAC Actuator Market Report Segments:
The global HVAC Actuator market is segmented on the basis of:
Types
Spring Return HVAC Actuator, Non-Spring Return HVAC Actuator
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, Residential, 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
- Nenutec
Highlights of The HVAC Actuator 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 HVAC Actuator
- Non-Spring Return HVAC Actuator
- By Application:
- Commercial Building
- Industrial Facilities
- Public Utilities
- Residential
- 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 HVAC 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 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
An HVAC actuator is a device that controls the temperature and humidity in an indoor environment.
Some of the major companies in the hvac actuator market are Belimo, Johnson Controls, Siemens, Honeywell, Rotork, Schneider, Azbil Corporation, Neptronic, KMC Controls, Dura Control, Dwyer Instruments, Hansen Corporation, Kinetrol, Nenutec.
The hvac actuator market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HVAC Actuator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 HVAC Actuator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HVAC Actuator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the HVAC Actuator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global HVAC Actuator Market Size & Forecast, 2018-2028
4.5.1 HVAC Actuator Market Size and Y-o-Y Growth
4.5.2 HVAC Actuator Market Absolute $ Opportunity
Chapter 5 Global HVAC Actuator Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 HVAC Actuator Market Size Forecast by Type
5.2.1 Spring Return HVAC Actuator
5.2.2 Non-Spring Return HVAC Actuator
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global HVAC Actuator Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 HVAC Actuator Market Size Forecast by Applications
6.2.1 Commercial Building
6.2.2 Industrial Facilities
6.2.3 Public Utilities
6.2.4 Residential
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HVAC Actuator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 HVAC Actuator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America HVAC Actuator Analysis and Forecast
9.1 Introduction
9.2 North America HVAC Actuator Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America HVAC Actuator Market Size Forecast by Type
9.6.1 Spring Return HVAC Actuator
9.6.2 Non-Spring Return HVAC Actuator
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America HVAC Actuator Market Size Forecast by Applications
9.10.1 Commercial Building
9.10.2 Industrial Facilities
9.10.3 Public Utilities
9.10.4 Residential
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe HVAC Actuator Analysis and Forecast
10.1 Introduction
10.2 Europe HVAC Actuator Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe HVAC Actuator Market Size Forecast by Type
10.6.1 Spring Return HVAC Actuator
10.6.2 Non-Spring Return HVAC Actuator
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe HVAC Actuator Market Size Forecast by Applications
10.10.1 Commercial Building
10.10.2 Industrial Facilities
10.10.3 Public Utilities
10.10.4 Residential
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific HVAC Actuator Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific HVAC Actuator Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific HVAC Actuator Market Size Forecast by Type
11.6.1 Spring Return HVAC Actuator
11.6.2 Non-Spring Return HVAC Actuator
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific HVAC Actuator Market Size Forecast by Applications
11.10.1 Commercial Building
11.10.2 Industrial Facilities
11.10.3 Public Utilities
11.10.4 Residential
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America HVAC Actuator Analysis and Forecast
12.1 Introduction
12.2 Latin America HVAC Actuator Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America HVAC Actuator Market Size Forecast by Type
12.6.1 Spring Return HVAC Actuator
12.6.2 Non-Spring Return HVAC Actuator
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America HVAC Actuator Market Size Forecast by Applications
12.10.1 Commercial Building
12.10.2 Industrial Facilities
12.10.3 Public Utilities
12.10.4 Residential
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) HVAC Actuator Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) HVAC Actuator Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) HVAC Actuator Market Size Forecast by Type
13.6.1 Spring Return HVAC Actuator
13.6.2 Non-Spring Return HVAC Actuator
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) HVAC Actuator Market Size Forecast by Applications
13.10.1 Commercial Building
13.10.2 Industrial Facilities
13.10.3 Public Utilities
13.10.4 Residential
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 HVAC Actuator Market: Competitive Dashboard
14.2 Global HVAC Actuator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Belimo
14.3.2 Johnson Controls
14.3.3 Siemens
14.3.4 Honeywell
14.3.5 Rotork
14.3.6 Schneider
14.3.7 Azbil Corporation
14.3.8 Neptronic
14.3.9 KMC Controls
14.3.10 Dura Control
14.3.11 Dwyer Instruments
14.3.12 Hansen Corporation
14.3.13 Kinetrol
14.3.14 Nenutec
