Market Overview:
The global non-spring return actuators market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient HVAC systems across the globe. Additionally, the growing awareness about environment-friendly solutions is also propelling the growth of this market. The global non-spring return actuators market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into floating control and proportional control. Floating control is further classified into on/off floating and modulating floating types while proportional control is further classified into two types: single acting (on/off) and double acting (modulating). By application, it can be divided into heating system, ventilation system and air conditioning system.
Product Definition:
Non-spring return actuators are devices that use an external power source to move a component or object. These actuators are used in a variety of applications, including automotive, aerospace, and manufacturing. They are important because they provide a reliable way to move components or objects without the need for springs. This makes them ideal for use in applications where reliability is critical.
Floating Control:
Floating control is a device that regulates the position of a machine element in three-dimensional space. It can be used to provide motion in any direction and at any speed. The most common application of floating controls is found in manufacturing systems, where they are used for positioning various elements such as sprocket wheels, chain plates or linkages.
Proportional Control:
Proportional control is a feedback control system that controls the output of an actuator in response to the input received from its surroundings. The system uses a sensor to measure some physical variable and uses this information to calculate an appropriate value for controlling the actuator’s output. Proportional control systems are used in various applications such as industrial robotics, medical devices, automotive manufacturing and aerospace engineering among others.
Application Insights:
The heating, ventilation and air conditioning (HVAC) application segment accounted for the largest revenue share in 2016. The HVAC system is widely used in various end-use industries including automotive, aerospace and defense among others. Non-spring return actuators offer improved efficiency over conventional hydraulic actuators due to their high power density, small size and weight as compared to other actuation technologies such as electric motors or pneumatic systems.
Non-spring return actuators are ideal for applications where low energy consumption is required such as HVAC control of commercial buildings or industrial plants. These devices can be installed on a wall adjacent to an air intake/exhaust ductwork with no additional piping required making them highly efficient while reducing the overall cost of ownership per unit area of floor space occupied by the device. This makes them suitable for large commercial building automation projects thereby driving demand across multiple industry verticals over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for global non-spring return actuators over the forecast period. The growth can be attributed to rising product demand in countries, such as China and India. In addition, increasing investments in infrastructure development are also likely to drive product demand across this region. For instance, according to International Monetary Fund (IMF), Asia Pacific economy accounted for 31% of global GDP and 29% of global investment in 2016.
The European market was valued at USD X million in 2017 and is anticipated to witness steady growth over the forecast period owing to strict regulations regarding pollution emission control systems on vehicles coupled with stringent government norms pertaining industrial automation applications within industries such as oil & gas exploration & production; mining; power generation; etc., which will drive industry expansion across this region during the estimated time span from 2018 To 2030 at a CAGR of XX%.
Growth Factors:
- Increasing demand from the automotive industry for advanced safety features in vehicles is expected to drive the growth of the non-spring return actuators market.
- Growing demand for electric vehicles is also anticipated to fuel the growth of this market during the forecast period.
- Rising adoption of automation in various industries is another key factor that is expected to propel the growth of this market in future.
- The increasing use of non-spring return actuators in medical devices and equipment is another major factor that will contribute to its growth during the forecast period. 5) Growing awareness about energy efficiency and environmental protection among consumers are some other factors that are likely to boost demand for non-spring return actuators over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Non-Spring Return Actuators Market Research Report
By Type
Floating Control, Proportional Control
By Application
Heating System, Ventilation System, Air Conditioning System
By Companies
Honeywell, Siemens, Belimo, Ruskin, Johnson Controls, Schneider Electric, Distech Controls, Honeywell
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Non-Spring Return Actuators Market Report Segments:
The global Non-Spring Return Actuators market is segmented on the basis of:
Types
Floating Control, Proportional Control
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
Heating System, Ventilation System, Air Conditioning System
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:
- Honeywell
- Siemens
- Belimo
- Ruskin
- Johnson Controls
- Schneider Electric
- Distech Controls
- Honeywell
Highlights of The Non-Spring Return 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:
- Floating Control
- Proportional Control
- By Application:
- Heating System
- Ventilation System
- Air Conditioning System
- 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 Non-Spring Return 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.
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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?
Non-spring return actuators are used to control the motion of a machine or system without the use of springs. They are typically more efficient and reliable than spring-based actuators, but can be more expensive to purchase and maintain.
Some of the key players operating in the non-spring return actuators market are Honeywell, Siemens, Belimo, Ruskin, Johnson Controls, Schneider Electric, Distech Controls, Honeywell.
The non-spring return actuators market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Non-Spring Return Actuators 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 Non-Spring Return Actuators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Non-Spring Return Actuators 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 Non-Spring Return Actuators 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 Non-Spring Return Actuators Market Size & Forecast, 2020-2028
4.5.1 Non-Spring Return Actuators Market Size and Y-o-Y Growth
4.5.2 Non-Spring Return Actuators Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Floating Control
5.2.2 Proportional Control
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Heating System
6.2.2 Ventilation System
6.2.3 Air Conditioning System
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Non-Spring Return Actuators 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 Non-Spring Return Actuators 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Floating Control
9.6.2 Proportional Control
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 Market Size Forecast by Applications
9.10.1 Heating System
9.10.2 Ventilation System
9.10.3 Air Conditioning System
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Floating Control
10.6.2 Proportional Control
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 Market Size Forecast by Applications
10.10.1 Heating System
10.10.2 Ventilation System
10.10.3 Air Conditioning System
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Floating Control
11.6.2 Proportional Control
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 Market Size Forecast by Applications
11.10.1 Heating System
11.10.2 Ventilation System
11.10.3 Air Conditioning System
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Floating Control
12.6.2 Proportional Control
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 Market Size Forecast by Applications
12.10.1 Heating System
12.10.2 Ventilation System
12.10.3 Air Conditioning System
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Floating Control
13.6.2 Proportional Control
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) Market Size Forecast by Applications
13.10.1 Heating System
13.10.2 Ventilation System
13.10.3 Air Conditioning System
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 Non-Spring Return Actuators Market: Competitive Dashboard
14.2 Global Non-Spring Return Actuators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Siemens
14.3.3 Belimo
14.3.4 Ruskin
14.3.5 Johnson Controls
14.3.6 Schneider Electric
14.3.7 Distech Controls
14.3.8 Honeywell
