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The Damper Actuators Market size is estimated to grow at a CAGR of 8.8% between 2022 and 2027 and the size of the market is forecast to increase by USD 817.48 million. The growth of the market depends on several factors, including increasing demand for enhanced energy efficiency in HVAC systems, rise in construction activity with access to affordable technology, and building energy efficiency regulations.
This report extensively covers market segmentation by type (non-spring return damper actuator and spring return damper actuator), end-user (commercial, residential, and industrial), and geography ( North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
Damper Actuators Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Construction activities are an essential aspect of the growth of the global economy and the development of a country. There have been major technological changes in the construction sector, not only in terms of affordable living but also in accommodating the growing needs of industrialization and commercial activities.
As construction projects often include the development of commercial buildings, residential complexes, and infrastructure projects, such as airports, hospitals, and shopping malls, these structures need efficient HVAC systems to provide heating, cooling, and ventilation. Hence, there is a significant demand for damper actuators across industries, as these devices play a major role in regulating airflow and maintaining optimal indoor conditions in all these buildings. Thus, such applications are expected to drive the global damper actuators market growth during the forecast period.
Damper actuators have a wide variety of applications in smart building systems. These devices when integrated with smart building systems enable advanced control and automation capabilities.
Some of the key applications include communication with central building management systems, allowing for centralized monitoring, control, and optimization of HVAC operations. There is a growing adoption of damper actuators in smart building systems as it leads to enhanced energy efficiency, enable predictive maintenance, and improve the performance of the overall system. Therefore, such benefits are expected to drive the global damper actuators market growth during the forecast period.
Factors such as significant upfront investments including the cost of the actuators themselves, the installation expenses, and integration with existing HVAC systems can negatively impact the global damper actuators market growth. The cost of the damper actuators depends on factors such as the type and quality of the actuators, the complexity of the installation, and the size of the HVAC system.
Additionally, some of the key cost factors include the installation process which may involve several modifications to the existing HVAC infrastructure, as well as wiring and control systems. Thus, as several organizations work under severe budget constraints, it might limit the willingness to invest in damper actuators. Hence, such factors can significantly hinder the global damper actuators market growth during the forecast period.
The non-spring return damper actuator segment will account for a major share of the market's growth during the forecast period. One of the main features of non-spring damper actuators is they allow for precise and accurate positioning of dampers, enabling finer control over airflow and ventilation within HVAC systems leading to more energy efficiency and occupant comfort. Also, these types of damp actuators offer faster response times, allowing for quick adjustments to changes in environmental conditions or control signals.
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The non-spring return damper actuator segment was valued at USD 673.49 million in 2017 and continued to grow until 2021. Some of the key application areas of non-spring return damper actuators include commercial buildings, industrial facilities, and residential structures. One of the main features of these types of damper actuators, they can be customized and tailored to specific requirements, making them versatile for different installation scenarios. This damper actuator enables automated and remote control of damper operations by integrating them with building automation systems and control networks. Due to fewer mechanical components and a more robust design, they can offer longer service life and increased reliability with less maintenance. Hence, such benefits are expected to drive the growth of this segment which in turn will drive the global damper actuators market growth during the forecast period.
Based on end-user, the market has been segmented into commercial, residential, and industrial. The commercial segment mainly includes the retail, academic, healthcare, government office buildings, hotels, and recreational sectors. Due to the adoption of damper actuators, and HVAC control systems, commercial sectors can save more than 40% of energy. Many of the HVAC indoor applications can be effectively operated by NEMA 1-rated actuators, with the exception of explosion-proof or water-proof actuators categorized under NEMA 4/NEMA 7. As a result, commercial buildings can minimize the number of actuators for these applications which in turn will reduce the overall cost of HVAC systems, otherwise known as heating, ventilation, and cooling systems, which are an integral part of modern buildings. Thus, such factors are expected to drive the global damper actuators market growth during the forecast period.
North America is estimated to contribute 32% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
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Some of the prominent markets in North America which have a major market share in the damper actuators market include countries such as the US and Canada, due to their significant demand for energy-efficient HVAC systems and they are major end-users of HVAC systems in the residential sector. Factors such as consistent efforts from the governments in reinforcing and implementing energy efficiency norms and the presence of experienced players with high expertise have significantly contributed to the damper actuators market growth in the region. Other factors include a rise in residential and commercial construction activities and increased consumer awareness and participation. Hence, such factors are expected to drive the global damper actuators market growth during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global damper actuators market witnessed a significant slowdown due to the decline in industrial and construction activities, especially in countries like US, Canada, and Mexico. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to a surge in investment inflows across end-user industries, such as real estate, construction, manufacturing, and others, led not only to the reopening of the production facilities for damper actuators but also helped in the resumption of construction activities. Such factors are expected to drive the market during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AB Regin: The company offers damper actuator solutions such as Damper actuators with spring return, Damper actuators with communication, and spring return.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The damper actuators market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Damper Actuators Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.8% |
Market growth 2023-2027 |
USD 817.48 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
8.1 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 32% |
Key countries |
US, Canada, China, Germany, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
AB Regin, Azbil Corp., BELIMO Holding AG, Chao Feng Technology Ningbo Co. Ltd., DMI Technology Corp., Dura Control Systems, Dwyer Instruments LLC, Greenheck Fan Corp., Honeywell International Inc., HONUTEC BV, iO HVAC Controls, Johnson Controls International Plc, Kinetrol Ltd., KMC Controls Inc., Matsushima Measure Tech Co. Ltd., Rotork Plc, Schneider Electric SE, Siemens AG, Sontay Ltd., and Soolon Controls Beijing Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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