North America HVAC Actuators Market

North America HVAC Actuators Market Size, Share & Industry Trends Analysis Report By Type, By Technology (Conventional and Smart), By Application (Industrial Facilities, Commercial Building and Public Utilities), By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-13915 Publication Date: February-2023 Number of Pages: 81
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Market Report Description

The North America HVAC Actuators Market would witness market growth of 4.1% CAGR during the forecast period (2022-2028).

The HVAC industry's increasing demand for loT (the internet of things) is anticipated to accelerate market growth. In addition, it is projected that strong demand for HVAC actuators in developing nations will drive market expansion as it would increase product installation in control systems across several industries. HVAC controls are extensively utilized in a variety of industries, particularly by data center operators and facilities that produce food to keep temperatures steady.

Data centers include delicate electronic components that need to have temperature, ventilation, humidity, and other conditions continuously monitored to maintain smooth operation. The demand for data centers is rising as cloud computing and analytics are becoming more widely used. As a result, there is an increase in demand for HVAC actuators and other efficient HVAC control equipment. Similar to this, in the food processing sector, cold storage facilities use HVAC control systems to preserve foods and dairy products with a limited shelf life.

The Canada Green Building Council (CaGBC) is inspired by this effort and the government's investments in energy-efficient structures. Extreme weather conditions, the accessibility of high systems, and expanding construction activity all encourage system installation throughout the facilities. The need for equipment across various applications is complemented by Canada's rising construction investment. To support the decreasing energy usage trend, building owners are concentrating on updating the facilities' ventilation, air conditioning, and other systems. Governmental subsidies for energy efficiency are also anticipated to help the North American industry. Therefore, in the coming years, the regional HVAC actuators market will grow owing to the aforementioned factors.

The US market dominated the North America HVAC Actuators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,081.4 Million by 2028. The Canada market is poised to grow at a CAGR of 6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.8% 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 U.S., Mexico, Canada, and Rest of North America

Free Valuable Insights: The Global HVAC Actuators Market is Estimated to reach $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

  • Conventional
  • Smart

By Application

  • Industrial Facilities
  • Commercial Building
  • Public Utilities

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

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
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