Global Damper Actuators Market 2017-2021 - Internet of Things (IoT) in HVAC Industry

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Oct 23, 2017, 12:30 ET

DUBLIN, October 23, 2017 /PRNewswire/ --

The "Global Damper Actuators Market 2017-2021" report has been added to Research and Markets' offering.

The global damper actuators market to grow at a CAGR of 6.62% during the period 2017-2021.

Global Damper Actuators Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the new installations, replacement sales and services market.

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.

Further, the report states that one of the major factors hindering the growth of this market is HVAC ecosystem barriers.In Residential sector 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.

Key Market Trends

Growth in non-residential applications due to standardization of building design and approval procedures
Internet of Things (IoT) in HVAC industry
Increased adaptation of two-position actuators

Key vendors

Belimo
Honeywell
Johnson Controls
Schneider Electric
Siemens

Other prominent vendors

Rotork
TAMCO
Azbil
Hansen
KMC Controls
Neptronic Environmental Products
Dura Controls
Kinetrol
Regin Controls
Greenheck Fan Corporation
Dwyer Instruments
Jackson Systems

Key Topics Covered:

Executive Summary
Research Methodology
Introduction
Market Landscape
Market Segmentation By Type
Market Segmentation By End User
Regional Landscape
Geographical Segmentation
Regional Comparison
Key Leading Countries
Decision Framework
Drivers And Challenges
Market Trends
Vendor Landscape
Key Vendor Analysis
Appendix

For more information about this report visit https://www.researchandmarkets.com/research/qcs8hn/global_damper

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SOURCE Research and Markets