Damper Actuators Market to grow by USD 817.48 million|Growing adoption of IoT-enabled damper actuators is one of the major trends - Technavio

NEW YORK, July 7, 2023 /PRNewswire/ -- The damper actuators market size is set to grow by USD 817.48 million between 2022 and 2027. The market is estimated to register a CAGR of 8.8%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read our Sample Report

The report also covers the following areas:

• Damper Actuators Market size
• Damper Actuators Market trends
• Damper Actuators Market industry analysis

Damper Actuators Market 2023-2027: Segmentation

The damper actuators market is segmented as follows:

• Type 
• Non-spring Return Damper Actuator
• Spring Return Damper Actuator
• End-user 
• Commercial
• Residential
• Industrial
• Geography 
• North America
• Europe
• APAC
• South America
• Middle East And Africa

The non-spring return damper actuator segment is significant for the market's growth during the forecast period. Non-spring damper actuators 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. These types of damp actuators offer faster response times, allowing for quick adjustments to changes in environmental conditions or control signals. Furthermore, some of the key application areas of non-spring return damper actuators include commercial buildings, industrial facilities, and residential structures. Hence, such factors fuel the growth of the segment growth during the forecast period.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Some of the major vendors of the damper actuators market include 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. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the damper actuators market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
Vendor Offerings

• AB Regin - The company offers damper actuator solutions such as Damper actuators with spring return, Damper actuators with communication, and spring return.
• Azbil Corp. - The company offers damper actuator solutions such as Direct Coupled Damper Actuator.
• DMI Technology Corp. - The company offers damper actuator solutions through its subsidiary ElectroCraft.

Damper Actuators Market 2023-2027: Market Dynamics

Key Drivers boosting the market growth

The rise in construction activity with access to affordable technology drives the growth of the damper actuators market. Not only in terms of affordable living 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.

Since construction projects often include the development of commercial buildings, residential complexes, and infrastructure projects, these structures need efficient HVAC systems to provide heating, cooling, and ventilation. The projects include airports, hospitals, and shopping malls. Hence, such factors boost the growth of the damper actuators market during the forecast period.

Significant Trends fueling the market growth

The growing adoption of IoT-enabled damper actuators is an emerging market trend. Damper actuators have a wide variety of applications in smart building systems, and these devices, when integrated with smart building systems, enable advanced control and automation capabilities.

Communication with central building management systems, allowing for centralized monitoring, control, and optimization of HVAC operations, are some of the applications. Hence, such benefits are expected to drive the global damper actuators market growth during the forecast period.

Major challenges hindering the market growth

The high initial cost of installing damper actuators challenges the growth of the market during the forecast period. Significant upfront investments, including the cost of the actuators themselves, the installation expenses, and integration with existing HVAC systems, are some of the major factors hindering the market growth.

Also, since several organizations work under severe budget constraints, it might limit the willingness to invest in damper actuators. Hence, such challenges impede the market growth of damper actuators during the forecast period.

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  - Buy the report!

Damper Actuators Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist damper actuators market growth during the next five years
• Estimation of the damper actuators market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the damper actuators market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of damper actuators market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global damper actuators market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global damper actuators market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Non-spring return damper actuator - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Non-spring return damper actuator - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Non-spring return damper actuator - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Non-spring return damper actuator - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Non-spring return damper actuator - Year-over-year growth 2022-2027 (%)

• 6.4 Spring return damper actuator - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Spring return damper actuator - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Spring return damper actuator - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Spring return damper actuator - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Spring return damper actuator - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 46: Chart on Comparison by End-user
• Exhibit 47: Data Table on Comparison by End-user

• 7.3 Commercial - Market size and forecast 2022-2027
• Exhibit 48: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 7.4 Residential - Market size and forecast 2022-2027
• Exhibit 52: Chart on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 7.5 Industrial - Market size and forecast 2022-2027
• Exhibit 56: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Industrial - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by End-user 
• Exhibit 60: Market opportunity by End-user ($ million)
• Exhibit 61: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027
• Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 103: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 AB Regin 
• Exhibit 115: AB Regin - Overview
• Exhibit 116: AB Regin - Product / Service
• Exhibit 117: AB Regin - Key offerings

• 12.4 Azbil Corp. 
• Exhibit 118: Azbil Corp. - Overview
• Exhibit 119: Azbil Corp. - Business segments
• Exhibit 120: Azbil Corp. - Key news
• Exhibit 121: Azbil Corp. - Key offerings
• Exhibit 122: Azbil Corp. - Segment focus

• 12.5 DMI Technology Corp. 
• Exhibit 123: DMI Technology Corp. - Overview
• Exhibit 124: DMI Technology Corp. - Product / Service
• Exhibit 125: DMI Technology Corp. - Key offerings

• 12.6 Dura Control Systems 
• Exhibit 126: Dura Control Systems - Overview
• Exhibit 127: Dura Control Systems - Product / Service
• Exhibit 128: Dura Control Systems - Key offerings

• 12.7 Dwyer Instruments LLC 
• Exhibit 129: Dwyer Instruments LLC - Overview
• Exhibit 130: Dwyer Instruments LLC - Product / Service
• Exhibit 131: Dwyer Instruments LLC - Key offerings

• 12.8 Greenheck Fan Corp. 
• Exhibit 132: Greenheck Fan Corp. - Overview
• Exhibit 133: Greenheck Fan Corp. - Product / Service
• Exhibit 134: Greenheck Fan Corp. - Key offerings

• 12.9 Honeywell International Inc. 
• Exhibit 135: Honeywell International Inc. - Overview
• Exhibit 136: Honeywell International Inc. - Business segments
• Exhibit 137: Honeywell International Inc. - Key news
• Exhibit 138: Honeywell International Inc. - Key offerings
• Exhibit 139: Honeywell International Inc. - Segment focus

• 12.10 Johnson Controls International Plc
• Exhibit 140: Johnson Controls International Plc - Overview
• Exhibit 141: Johnson Controls International Plc - Business segments
• Exhibit 142: Johnson Controls International Plc - Key news
• Exhibit 143: Johnson Controls International Plc - Key offerings
• Exhibit 144: Johnson Controls International Plc - Segment focus

• 12.11 Kinetrol Ltd. 
• Exhibit 145: Kinetrol Ltd. - Overview
• Exhibit 146: Kinetrol Ltd. - Product / Service
• Exhibit 147: Kinetrol Ltd. - Key offerings

• 12.12 KMC Controls Inc. 
• Exhibit 148: KMC Controls Inc. - Overview
• Exhibit 149: KMC Controls Inc. - Product / Service
• Exhibit 150: KMC Controls Inc. - Key offerings

• 12.13 Matsushima Measure Tech Co. Ltd. 
• Exhibit 151: Matsushima Measure Tech Co. Ltd. - Overview
• Exhibit 152: Matsushima Measure Tech Co. Ltd. - Product / Service
• Exhibit 153: Matsushima Measure Tech Co. Ltd. - Key offerings

• 12.14 Rotork Plc 
• Exhibit 154: Rotork Plc - Overview
• Exhibit 155: Rotork Plc - Business segments
• Exhibit 156: Rotork Plc - Key offerings
• Exhibit 157: Rotork Plc - Segment focus

• 12.15 Schneider Electric SE 
• Exhibit 158: Schneider Electric SE - Overview
• Exhibit 159: Schneider Electric SE - Business segments
• Exhibit 160: Schneider Electric SE - Key news
• Exhibit 161: Schneider Electric SE - Key offerings
• Exhibit 162: Schneider Electric SE - Segment focus

• 12.16 Siemens AG 
• Exhibit 163: Siemens AG - Overview
• Exhibit 164: Siemens AG - Business segments
• Exhibit 165: Siemens AG - Key news
• Exhibit 166: Siemens AG - Key offerings
• Exhibit 167: Siemens AG - Segment focus

• 12.17 Soolon Controls Beijing Co. Ltd. 
• Exhibit 168: Soolon Controls Beijing Co. Ltd. - Overview
• Exhibit 169: Soolon Controls Beijing Co. Ltd. - Product / Service
• Exhibit 170: Soolon Controls Beijing Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 171: Inclusions checklist
• Exhibit 172: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 173: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 174: Research methodology
• Exhibit 175: Validation techniques employed for market sizing
• Exhibit 176: Information sources

• 13.5 List of abbreviations 
• Exhibit 177: List of abbreviations

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