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2021
Hvac Actuators Market

HVAC Actuators Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Dec 2021 | 246 Views
   
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COVID-19

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An actuator is a device that uses electrical, manual, pneumatic or hydraulic energy to provide control for moving, positioning, or opening a mechanism or system. An actuator turns a control signal or electricity into mechanical work or kinetic energy in either linear or rotary motion. Linear actuators convert electrical energy into a straight-line motion. Rotary actuators convert electrical energy to provide rotational motion.

Actuator are used for precise positioning and not for maintaining continuous shaft rotations. The purpose of an actuator is to either move linearly or in rotational motion to move a shaft or other component to a specific position. Actuators in HVAC systems may be used to control dampers, air handlers, economizer units, VAV terminal units, fan coil units, fan shutters, and unit ventilators. Actuator-controlled automatic zone dampers are used to regulate the amount of air the HVAC system supplies by controlling the dampers. Actuators in HVAC systems use the electrical input signal to place the damper at the required point between fully open or closed positions. Actuators used in HVAC systems can be applied to control the climate and deliver cooled or heated air to different target areas by using automated zone or duct dampers. The actuator controls the movement of a plate attached to the inside of the ductwork to help regulate the flow of air and control its direction. Zone control in HVAC systems are used to control the temperature of multiple target areas which may be separate rooms or even rooms in separate floors of multi-storied buildings. This zone control feature of HVAC system is highly sought after as it allows people to have different temperature settings as per their preference with centralized HVAC systems. Although dampers can be opened or closed manually, but that does not control or prevent the flow of warm or chilled air into a room. The actuator may be connected to a thermostat or enthalpy sensor to control the flow of air and maintain the temperature. This can save wastage of energy as heated or cooled air is not wasted.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD Millions)

  Segments covered

  Type, Operating Principle, Industry Verticals and Region.

  Regions covered

North America (U.S., Mexico and Canada), Europe (Germany, UK, Netherlands, Italy and France), Asia-Pacific (China, Japan, South Korea, Sri Lanka and India), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

The key players in the HVAC actuators market include Robert Bosch GmbH, Continental AG, Denso Corporation, Dwyer Instruments Inc., ElectroCraft Inc., Honeywell International Inc., Johnson Controls International Plc., Rotork Plc., Schneider Electric SE, and Siemens AG among others.

 

 

COVID-19 scenario analysis:

  • COVID-19 pandemic has forced many companies including manufacturers and service providers in the HVAC market to halt their business operations to comply with new government rules and regulations. This halt in operations directly impacts the revenue flow of the market players and thereby the global HVAC Actuators market. 
  • Moreover, research scientists are unable to rule out the possibility of spread of coronavirus through heating, ventilation, and air conditioning (HVAC) systems. 
  • Consumers around the world are confused whether HVAC air filtration systems can protect them from COVID-19 exposure. 
  • Some systems like germicidal wavelength UV fixtures were capable of filtering air in previous cases of SARS and MERS viruses but the same cannot be scientifically claimed for COVID-19, as research is still ongoing.
  • Installation and servicing operations would be impeded as contact prevention norms reduce the number of orders that can be handled per day by HVAC companies.
  • Therefore, the HVAC actuators market is expected to get negatively affected in 2020. 

Top impacting factors: Market Scenario Analysis, Trends, Drivers, Opportunities, Restraints and Impact Analysis

Rising global population, growth of urbanisation and increasing levels of disposable income for consumers around the world are some of the important drivers behind the global HVAC industry and by extension the global HVAC actuators market. Comfort features have become a global requirement in the HVAC industry as global warming, environmental pollution and increased importance of workplace and living space comfort drive the increasing adoption of HVAC units by consumers around the world. Regulations regarding energy conservation and environmental pollution are also important driving forces behind the constant research and development in the global HVAC industry and also by extension the global HVAC actuators market. The major restraining factors of the global HVAC actuators market are the high initial cost of high-efficiency HVAC systems. The increasing global construction activity especially in the non-residential construction sector is expected to provide the opportunity for growth of the global HVAC actuators market in the near future. 

The global HVAC actuators market trends are as follows:

Rising population, urbanisation and disposable income of consumers around the world

According to data from the United Nations (U.N), more than 54% of global population is living in urban areas. Due to the factors of growing population, urbanisation and increased standard of living of consumers around the world, the global HVAC actuators market is expected to expand. These factors are expected to aid the global HVAC actuators grow as the growth of the global HVAC industry is in sync with growth of urbanization. With rising disposable income, consumers are increasingly looking for increased comfort in their living or working conditions. The number of industrial plants and commercial office spaces, shopping malls, libraries, public infrastructure projects and private real estate development are growing globally as global population and urbanization increases. Schools, hospitals and other public facilities are being built, expanded or updated. These factors are expected to help grow the demand for HVAC systems around the world and help the global HVAC actuators market grow.

Surge in usage of air conditioning in healthcare and hospitality sector

Due to the growing importance of sterile and contaminant free air in healthcare facilities, medical & pharmaceutical research laboratories and other industries like the hospitality sector including hotels and food service establishments is expected to help the global HVAC actuators market grow in the future. With the growing number of healthcare and hospitality spaces such as hospitals and hotels the number of end users who require critically monitored HVAC systems for controlling the thermal and atmospheric levels are growing at a rapid pace. These applications require well controlled supply of air through advanced HVAC systems. HVAC systems used in the healthcare industry are important for maintaining the quality of indoor air and providing a safe temperature for patients and staff alike. The air treatment in healthcare facilities is crucial as patients need to feel comfortable and have been known to heal early if the air circulation, temperature and humidity are maintained as per prescribed standard.  Hospitals need HVAC systems to maintain the environment for critical and sensitive applications like an operating theatre, intensive care unit or a clean room.  The amount of air-exchange, level of humidity, air pressure and temperature have to be controlled precisely as per specification in such environments to minimize the risk of infection and aggravating critical conditions of patients. The HVAC systems employed in this sector contribute greatly to the purpose of suppressing infections and maintaining sterile environment free of bacterial growth. The hospitality industry also heavily relies on HVAC systems to provide comfort and to maintain controlled indoor environment. The rising number of hospitals, individual clinics, and hospitality establishments around the world is anticipated to accelerate the market growth for HVAC systems in the near future and thus in turn the global HVAC actuators market. 

Key segments covered:

Segments

Sub-segments

  Type

  • Ѕрrіng Rеturn Dаmреr Асtuаtоrѕ
  • Nоn Ѕрrіng Rеturn Dаmреr Асtuаtоrѕ

  Operating Principle

  • Electrical
  • Pneumatic
  • Others

 

  Industry verticals

 

  • Healthcare
  • Hospitality
  • Commercial & Residential Construction
  • Others

Key benefits of the report:

  • This study presents the analytical depiction of the global HVAC actuators market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global HVAC actuators market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global HVAC actuators market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global HVAC actuators market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
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