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
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America HVAC Actuators Market, by Type
1.4.2 North America HVAC Actuators Market, by Technology
1.4.3 North America HVAC Actuators Market, by Application
1.4.4 North America 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. North America HVAC Actuators Market by Type
3.1 North America Spring Return Market by Country
3.2 North America Non Spring Return Market by Country
Chapter 4. North America HVAC Actuators Market by Technology
4.1 North America Conventional Market by Country
4.2 North America Smart Market by Country
Chapter 5. North America HVAC Actuators Market by Application
5.1 North America Industrial Facilities Market by Country
5.2 North America Commercial Building Market by Country
5.3 North America Public Utilities Market by Country
Chapter 6. North America HVAC Actuators Market by Country
6.1 US HVAC Actuators Market
6.1.1 US HVAC Actuators Market by Type
6.1.2 US HVAC Actuators Market by Technology
6.1.3 US HVAC Actuators Market by Application
6.2 Canada HVAC Actuators Market
6.2.1 Canada HVAC Actuators Market by Type
6.2.2 Canada HVAC Actuators Market by Technology
6.2.3 Canada HVAC Actuators Market by Application
6.3 Mexico HVAC Actuators Market
6.3.1 Mexico HVAC Actuators Market by Type
6.3.2 Mexico HVAC Actuators Market by Technology
6.3.3 Mexico HVAC Actuators Market by Application
6.4 Rest of North America HVAC Actuators Market
6.4.1 Rest of North America HVAC Actuators Market by Type
6.4.2 Rest of North America HVAC Actuators Market by Technology
6.4.3 Rest of North America 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 North America HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 2 North America HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 3 North America HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 4 North America HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 5 North America Spring Return Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Spring Return Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Non Spring Return Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Non Spring Return Market by Country, 2022 - 2028, USD Million
TABLE 9 North America HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 10 North America HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 11 North America Conventional Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Conventional Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Smart Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Smart Market by Country, 2022 - 2028, USD Million
TABLE 15 North America HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 16 North America HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 17 North America Industrial Facilities Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Industrial Facilities Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Commercial Building Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Commercial Building Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Public Utilities Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Public Utilities Market by Country, 2022 - 2028, USD Million
TABLE 23 North America HVAC Actuators Market by Country, 2018 - 2021, USD Million
TABLE 24 North America HVAC Actuators Market by Country, 2022 - 2028, USD Million
TABLE 25 US HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 26 US HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 27 US HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 28 US HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 29 US HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 30 US HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 31 US HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 32 US HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 33 Canada HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 34 Canada HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 35 Canada HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 36 Canada HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 37 Canada HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 38 Canada HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 39 Canada HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 40 Canada HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 41 Mexico HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 42 Mexico HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 43 Mexico HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 44 Mexico HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 45 Mexico HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 46 Mexico HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 47 Mexico HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 48 Mexico HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 49 Rest of North America HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 50 Rest of North America HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 51 Rest of North America HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 52 Rest of North America HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 53 Rest of North America HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 54 Rest of North America HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 55 Rest of North America HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 56 Rest of North America HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 57 Key Information – Honeywell International, Inc.
TABLE 58 Key information – Schneider Electric SE
TABLE 59 Key Information – Siemens AG
TABLE 60 Key Information – Continental AG
TABLE 61 key information – Robert Bosch GmbH
TABLE 62 key information – Denso Corporation
TABLE 63 Key Information – Rotork plc
TABLE 64 Key Information – Johnson Controls International PLC
TABLE 65 Key Information – Dwyer Instruments, Inc.
TABLE 66 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