The Europe HVAC Actuators Market would witness market growth of 4.3% CAGR during the forecast period (2022-2028).
One of the key factors fueling the expansion of the HVAC actuators market is the rapid adoption of HVAC systems in building automation systems (BASs). Additionally, owing to improvements in wireless sensor technologies and protocols, the deployment of BASs is rising significantly. Additionally, the increased demand for BAS implementation in office complexes and sizable shopping centers to boost management systems' productivity fuels the market's expansion on a worldwide scale.
The current HVAC systems include various devices, including actuators and sensors that track and regulate factors like temperature, airflow, and others. As a result, the HVAC systems are susceptible to thermal sensitivity, cooling sensation, and electrical problems. HVAC systems have been deployed in several facility projects, each distinct and special.
The demand for HVAC equipment in European nations is anticipated to rise due to government requirements pertaining to energy efficiency and environmentally friendly refrigerants. The government of Germany is encouraging the rapid development of efficient and renewable heating & cooling technology. In Germany, this initiative has caused a large market shift, contributing to the HVAC sector's expansion. As a result, the variety of efficient and renewable technologies has increased significantly, including condensing boilers, CHP, heat pumps, solar thermal, and pellet heating systems. By 2050, Germany wants to establish a nearly climate-neutral building stock as part of its continuous shift to a renewable and sustainable energy system. In Germany, 75% of buildings were constructed prior to 1980, making rehabilitation of the current stock essential to achieving energy efficiency goals. This supports the growth of the regional market.
The Germany market dominated the Europe HVAC Actuators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $302.2 Million by 2028. The UK market is anticipated to grow at a CAGR of 3.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global HVAC Actuators Market will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe HVAC Actuators Market, by Type
1.4.2 Europe HVAC Actuators Market, by Technology
1.4.3 Europe HVAC Actuators Market, by Application
1.4.4 Europe 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. Europe HVAC Actuators Market by Type
3.1 Europe Spring Return Market by Country
3.2 Europe Non Spring Return Market by Country
Chapter 4. Europe HVAC Actuators Market by Technology
4.1 Europe Conventional Market by Country
4.2 Europe Smart Market by Country
Chapter 5. Europe HVAC Actuators Market by Application
5.1 Europe Industrial Facilities Market by Country
5.2 Europe Commercial Building Market by Country
5.3 Europe Public Utilities Market by Country
Chapter 6. Europe HVAC Actuators Market by Country
6.1 Germany HVAC Actuators Market
6.1.1 Germany HVAC Actuators Market by Type
6.1.2 Germany HVAC Actuators Market by Technology
6.1.3 Germany HVAC Actuators Market by Application
6.2 UK HVAC Actuators Market
6.2.1 UK HVAC Actuators Market by Type
6.2.2 UK HVAC Actuators Market by Technology
6.2.3 UK HVAC Actuators Market by Application
6.3 France HVAC Actuators Market
6.3.1 France HVAC Actuators Market by Type
6.3.2 France HVAC Actuators Market by Technology
6.3.3 France HVAC Actuators Market by Application
6.4 Russia HVAC Actuators Market
6.4.1 Russia HVAC Actuators Market by Type
6.4.2 Russia HVAC Actuators Market by Technology
6.4.3 Russia HVAC Actuators Market by Application
6.5 Spain HVAC Actuators Market
6.5.1 Spain HVAC Actuators Market by Type
6.5.2 Spain HVAC Actuators Market by Technology
6.5.3 Spain HVAC Actuators Market by Application
6.6 Italy HVAC Actuators Market
6.6.1 Italy HVAC Actuators Market by Type
6.6.2 Italy HVAC Actuators Market by Technology
6.6.3 Italy HVAC Actuators Market by Application
6.7 Rest of Europe HVAC Actuators Market
6.7.1 Rest of Europe HVAC Actuators Market by Type
6.7.2 Rest of Europe HVAC Actuators Market by Technology
6.7.3 Rest of Europe 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 Europe HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 2 Europe HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 3 Europe HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 4 Europe HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 5 Europe Spring Return Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Spring Return Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Non Spring Return Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Non Spring Return Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 10 Europe HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 11 Europe Conventional Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Conventional Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Smart Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Smart Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 16 Europe HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 17 Europe Industrial Facilities Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Industrial Facilities Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Commercial Building Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Commercial Building Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Public Utilities Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Public Utilities Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe HVAC Actuators Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe HVAC Actuators Market by Country, 2022 - 2028, USD Million
TABLE 25 Germany HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 26 Germany HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 27 Germany HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 28 Germany HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 29 Germany HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 30 Germany HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 31 Germany HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 32 Germany HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 33 UK HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 34 UK HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 35 UK HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 36 UK HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 37 UK HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 38 UK HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 39 UK HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 40 UK HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 41 France HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 42 France HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 43 France HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 44 France HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 45 France HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 46 France HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 47 France HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 48 France HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 49 Russia HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 50 Russia HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 51 Russia HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 52 Russia HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 53 Russia HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 54 Russia HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 55 Russia HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 56 Russia HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 57 Spain HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 58 Spain HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 59 Spain HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 60 Spain HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 61 Spain HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 62 Spain HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 63 Spain HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 64 Spain HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 65 Italy HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 66 Italy HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 67 Italy HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 68 Italy HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 69 Italy HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 70 Italy HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 71 Italy HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 72 Italy HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 73 Rest of Europe HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 74 Rest of Europe HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 75 Rest of Europe HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 76 Rest of Europe HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 77 Rest of Europe HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 78 Rest of Europe HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 79 Rest of Europe HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 80 Rest of Europe 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