LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global damper actuators market report. This research report also lists 12 other prominent vendors that are expected to impact the market during the forecast period.
The global damper actuators market has been driven largely due to pent-up demand arising from HVAC system replacement and renovation for buildings. Along with federal regulations in the US and Europe on climate change and efficiency programs, this is encouraging end-users to use HVAC systems actively.
Competitive vendor landscape
The global damper actuators market is diversified in terms of the presence of both international and regional vendors. While regional vendors operating in the market cater to standardized damper actuators, global players either directly collaborate with the regional players or set up their own manufacturing units to cater to the markets in APAC. Regional vendors, while concentrating on the local market, are also looking to expand their market base through cost-effective solutions for specific considerations (only specific torque level).
“In terms of the standards and quality, global players have an edge due to their experience and expertise along with the availability of funds for research and customized solutions related activities. The competition among the players is expected to further increase as the market in APAC, and other potential countries are going to gain momentum during the forecast period,” says Bharath Kanniappan, a lead automation research analyst from Technavio.
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Top five damper actuators market vendors
Belimo
Belimo is one of the leading clean technology companies and market leaders in the development and production of actuator solutions of the HVAC systems industry. With a focused growth approach, the company allocated around 7% of the revenue toward R&D and related activities in 2016.
Honeywell
Honeywell is one of the leading engineering technology and manufacturing companies providing products and solutions to the automotive, commercial, and aerospace industries. The company's expertise lies in designing and manufacturing a wide range of building automation systems, including products and software.
Johnson Controls
Johnson Controls offers the largest portfolio of valve and damper actuators for the HVAC industry. The company also specializes in specific torque requirements ranging 35 to 560 lbf-in with direct and remote mount, spring and non-spring return, pneumatic, and low voltage actuators.
Schneider Electric
Schneider Electric specializes in developing energy efficiency and automation products and services across the globe, catering to all industries. The company invests heavily in R&D to sustain innovation, differentiation, and strategize its product offering from time-to-time.
Siemens
Siemens has been one of the leading manufacturers and suppliers of HVAC components and control products and solutions. With its vast experience in building automation and HVAC solutions, the company is focusing on strategizing its core building automation activities with customized solutions for damper actuators.
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