Global Damper Actuators Market 2017-2021
About Damper Actuators
Actuators are devices used to control the movement and action of valves either automatically or manually, based on the desired application and type of valves used. Typical automatic actuators are hydraulic, electric, or pneumatic. These are used to automate industrial valves in end-user industries such as power generation, oil and gas, mining, chemical and petrochemical, automotive, semiconductor, food and beverage, and buildings. While manually operated actuators require manual adjustment, power-operated actuators can be operated and adjusted by using electric current, gas, or hydraulic pressure. With the help of power operated actuators, valves also can be operated in areas where human intervention is limited or unsafe. In such cases, valves are subjected to severe harsh conditions, and thus require a superior grade of materials, and regular monitoring and control. Different raw materials are used in valve manufacturing for different designs, based on the end-user industry and application requirement.
Technavio’s analysts forecast the global damper actuators market to grow at a CAGR of 6.62% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global damper actuators market for 2017-2021. To calculate the market size, the report considers the new installations, replacement sales and services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Damper Actuators Market 2017-2021
Technavio recognizes the following companies as the key players in the global damper actuators market: Belimo, Honeywell, Johnson Controls, Schneider Electric, and Siemens
Other Prominent Vendors in the market are: Rotork, TAMCO, Azbil, Hansen, KMC Controls, Neptronic Environmental Products, Dura Controls, Kinetrol, Regin Controls, Greenheck Fan Corporation, Dwyer Instruments, and Jackson Systems.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growth in non-residential applications due to standardization of building design and approval procedures. The market for damper actuators is currently dominated by commercial and residential end-users. However, the tendency is slowly shifting toward non-residential because efficiency standards for commercial and industrial buildings have been made mandatory across several countries. There have been major common areas of distinction in terms of building design standards across many countries, which made building construction operators in developed countries to expand their activities out of their home country.”
According to the report, one of the major drivers for this market is Integration of comprehensive building solutions in US. OEMs of damper actuators find it challenging to design HVAC ductless and zonal systems for customized commercial buildings. There have been significant orders and pent-up demand from commercial building operators for this equipment previously. During 2014-2015, around 67% of the commercial buildings in the US used natural gas for heating, and most of the remaining with electricity. Within the electrically heated buildings, 70% are ducted and the remaining have zonal systems. Moreover, it was noted that zonal systems are gaining acceptance, although limited to a few regions and concentrating on their core competencies to unleash the unmet opportunity.
Further, the report states that one of the major factors hindering the growth of this market is HVAC ecosystem barriers.In Residentialsector there are various challenges related to upfront costs associated with high-efficiency HVAC options for residential and small commercial end-users. As the flow of the supply chain directly comes from the builders, whenever any equipment fails, the owner of the building will be greatly influenced by the contractor’s choice of network and availability, including cost.
Belimo, Honeywell, Johnson Controls, Schneider Electric, Siemens, Rotork, TAMCO, Azbil, Hansen, KMC Controls, Neptronic Environmental Products, Dura Controls, Kinetrol, Regin Controls, Greenheck Fan Corporation, Dwyer Instruments, Jackson Systems
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook