The Asia Pacific HVAC Actuators Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
Building Automation Systems (BAS) regulate numerous electrical, electronic, and mechanical systems throughout a building. It is essentially a distributed control system that unites several building system types into a single, central location. BASs are typically used to operate the HVAC systems in a building. They are used to control and maintain the lighting, security, as well as other systems in a building. BAS functions as a computer networking system that controls and monitors several different mechanical and electronic systems.
Additionally, one of the highest costs for managing home and commercial buildings is air conditioning. End users are resorting to integrating cloud computing into HVAC systems to manage these costs and guarantee the HVAC's effective operation. A growing number of HVAC companies are turning to cloud computing because of its scalability, flexibility, and improved collaboration. This promotes the market's need for HVAC actuators and inadvertently raises demand for improved HVAC systems. These electronics provide the HVAC system with remarkable efficiency.
The industrial and technological sectors in the Asia pacific region have been expanding continuously for the past few years. For example, due to increased investments and consumption, the World Bank projects that India's GDP will grow by 8.7% in the fiscal year 2021. India is on the path to becoming the world's fastest-expanding major economy for the next two years. The need to enhance the retail, hotel, manufacturing, commercial real estate, IT and IT enabled services (ITES) industries, e-commerce sector, etc., is being driven by the rapid consumption of a growing population. This has resulted in a high demand for HVAC systems across various sectors. HVAC systems requirement is mainly emerging in warehouses, the pharmaceutical industry, IT and ITES organizations, manufacturing facilities, and other sectors. As these sectors are expected to increase quickly in the future due to growing industrialization and the expansion of the service sector.
The China market dominated the Asia Pacific HVAC Actuators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $697.7 Million by 2028. The Japan market is estimated to grow a CAGR of 4.3% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.1% during (2022 - 2028).
Based on Type, the market is segmented into Spring Return and Non Spring Return. Based on Technology, the market is segmented into Conventional and Smart. Based on Application, the market is segmented into Industrial Facilities, Commercial Building and Public Utilities. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide HVAC Actuators Market is Projected to reach USD 5.1 Billion by 2028, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Denso Corporation, Dwyer Instruments LTD.(Arcline Investment Management), Honeywell International, Inc., Johnson Controls International PLC, Robert Bosch GmbH, Schneider Electric SE , Siemens AG, ElectroCraft, Inc. (DMI Technology Corporation), and Rotork Plc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Spring Return
- Non Spring Return
By Technology
By Application
- Industrial Facilities
- Commercial Building
- Public Utilities
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Continental AG
- Denso Corporation
- Dwyer Instruments LTD.(Arcline Investment Management)
- Honeywell International, Inc.
- Johnson Controls International PLC
- Robert Bosch GmbH
- Schneider Electric SE
- Siemens AG
- ElectroCraft, Inc. (DMI Technology Corporation)
- Rotork Plc
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific HVAC Actuators Market, by Type
1.4.2 Asia Pacific HVAC Actuators Market, by Technology
1.4.3 Asia Pacific HVAC Actuators Market, by Application
1.4.4 Asia Pacific HVAC Actuators Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific HVAC Actuators Market by Type
3.1 Asia Pacific Spring Return Market by Country
3.2 Asia Pacific Non Spring Return Market by Country
Chapter 4. Asia Pacific HVAC Actuators Market by Technology
4.1 Asia Pacific Conventional Market by Country
4.2 Asia Pacific Smart Market by Country
Chapter 5. Asia Pacific HVAC Actuators Market by Application
5.1 Asia Pacific Industrial Facilities Market by Country
5.2 Asia Pacific Commercial Building Market by Country
5.3 Asia Pacific Public Utilities Market by Country
Chapter 6. Asia Pacific HVAC Actuators Market by Country
6.1 China HVAC Actuators Market
6.1.1 China HVAC Actuators Market by Type
6.1.2 China HVAC Actuators Market by Technology
6.1.3 China HVAC Actuators Market by Application
6.2 Japan HVAC Actuators Market
6.2.1 Japan HVAC Actuators Market by Type
6.2.2 Japan HVAC Actuators Market by Technology
6.2.3 Japan HVAC Actuators Market by Application
6.3 India HVAC Actuators Market
6.3.1 India HVAC Actuators Market by Type
6.3.2 India HVAC Actuators Market by Technology
6.3.3 India HVAC Actuators Market by Application
6.4 South Korea HVAC Actuators Market
6.4.1 South Korea HVAC Actuators Market by Type
6.4.2 South Korea HVAC Actuators Market by Technology
6.4.3 South Korea HVAC Actuators Market by Application
6.5 Singapore HVAC Actuators Market
6.5.1 Singapore HVAC Actuators Market by Type
6.5.2 Singapore HVAC Actuators Market by Technology
6.5.3 Singapore HVAC Actuators Market by Application
6.6 Malaysia HVAC Actuators Market
6.6.1 Malaysia HVAC Actuators Market by Type
6.6.2 Malaysia HVAC Actuators Market by Technology
6.6.3 Malaysia HVAC Actuators Market by Application
6.7 Rest of Asia Pacific HVAC Actuators Market
6.7.1 Rest of Asia Pacific HVAC Actuators Market by Type
6.7.2 Rest of Asia Pacific HVAC Actuators Market by Technology
6.7.3 Rest of Asia Pacific HVAC Actuators Market by Application
Chapter 7. Company Profiles
7.1 Honeywell International, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Geographical Expansions:
7.1.6 SWOT Analysis
7.2 Schneider Electric SE
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Siemens AG
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.3.6 SWOT Analysis
7.4 Continental AG
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 Robert Bosch GmbH
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 SWOT Analysis
7.6 Denso Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Product Launches and Product Expansions:
7.7 Rotork plc
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Product Launches and Product Expansions:
7.8 Johnson Controls International PLC
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental & Regional Analysis
7.8.4 Research & Development Expenses
7.9 Dwyer Instruments, Inc. (Arcline Investment Management LP)
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Acquisition and Mergers:
7.10. ElectroCraft, Inc. (DMI Technology Corporation)
7.10.1 Company Overview
TABLE 1 Asia Pacific HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 4 Asia Pacific HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Spring Return Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Spring Return Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Non Spring Return Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Non Spring Return Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 10 Asia Pacific HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Conventional Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Conventional Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Smart Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Smart Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 16 Asia Pacific HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Industrial Facilities Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Industrial Facilities Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Commercial Building Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Commercial Building Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Public Utilities Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Public Utilities Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific HVAC Actuators Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific HVAC Actuators Market by Country, 2022 - 2028, USD Million
TABLE 25 China HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 26 China HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 27 China HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 28 China HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 29 China HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 30 China HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 31 China HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 32 China HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 33 Japan HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 34 Japan HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 35 Japan HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 36 Japan HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 37 Japan HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 38 Japan HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 39 Japan HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 40 Japan HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 41 India HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 42 India HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 43 India HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 44 India HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 45 India HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 46 India HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 47 India HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 48 India HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 49 South Korea HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 50 South Korea HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 51 South Korea HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 52 South Korea HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 53 South Korea HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 54 South Korea HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 55 South Korea HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 56 South Korea HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 57 Singapore HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 58 Singapore HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 59 Singapore HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 60 Singapore HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 61 Singapore HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 62 Singapore HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 63 Singapore HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 64 Singapore HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 65 Malaysia HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 66 Malaysia HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 67 Malaysia HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 68 Malaysia HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 69 Malaysia HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 70 Malaysia HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 71 Malaysia HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 72 Malaysia HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 73 Rest of Asia Pacific HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 74 Rest of Asia Pacific HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 75 Rest of Asia Pacific HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 76 Rest of Asia Pacific HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 77 Rest of Asia Pacific HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 78 Rest of Asia Pacific HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 79 Rest of Asia Pacific HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 80 Rest of Asia Pacific HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 81 Key Information – Honeywell International, Inc.
TABLE 82 Key information – Schneider Electric SE
TABLE 83 Key Information – Siemens AG
TABLE 84 Key Information – Continental AG
TABLE 85 key information – Robert Bosch GmbH
TABLE 86 key information – Denso Corporation
TABLE 87 Key Information – Rotork plc
TABLE 88 Key Information – Johnson Controls International PLC
TABLE 89 Key Information – Dwyer Instruments, Inc.
TABLE 90 Key Information – ElectroCraft, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: Honeywell international, inc.
FIG 3 Swot analysis: Schneider Electric SE
FIG 4 Swot analysis: Siemens AG
FIG 5 SWOT Analysis: Continental AG
FIG 6 Swot analysis: Robert Bosch GmbH