The Latin America, Middle East and Africa HVAC Actuators Market would witness market growth of 8.6% CAGR during the forecast period (2022-2028).
Several businesses are concentrating on the advancement of cloud computing technology in HVAC to maintain and grow their clientele. Rotary actuators used in HVAC systems are powered by motors. When the mechanisms are combined, the actuator is employed in motor limit switches, overload switches, speed reduction, opening transmitters, and manual handling. Due to the machinery's standardized building design and regulatory approval processes, it is widely used in numerous non-residential applications.
Furthermore, the demand for HVAC actuators is being driven by the increase in population and per capita income, which is boosting demand for appliances like heaters and air conditioners. The population of cities is also expanding quickly. According to projections, there could be an additional 2.5 billion people living in urban areas by 2050 due to urbanization, which is the gradual transition of people from rural to urban areas. Nearly 90% of this increase is expected in Africa. The number of people living in urban areas worldwide quickly rose to 4.2 billion in 2018 from 751 million in 1950.
In the Latin America region, commercial complexes like malls are emerging as a social hot spot. This shift is being driven by the expansion of the middle class in Latin America. This means that more Latin Americans are now more financially secure and have more money to spend. As more people visit malls, the demand for proper cooling and ventilation arises. This would further increase the demand for HVAC systems as well as actuators. All these factors are promoting the regional market's growth in the coming years.
The Brazil market dominated the LAMEA HVAC Actuators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $96 Million by 2028. The Argentina market is experiencing a CAGR of 9.1% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global HVAC Actuators Market is Predict 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA HVAC Actuators Market, by Type
1.4.2 LAMEA HVAC Actuators Market, by Technology
1.4.3 LAMEA HVAC Actuators Market, by Application
1.4.4 LAMEA 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. LAMEA HVAC Actuators Market by Type
3.1 LAMEA Spring Return Market by Country
3.2 LAMEA Non Spring Return Market by Country
Chapter 4. LAMEA HVAC Actuators Market by Technology
4.1 LAMEA Conventional Market by Country
4.2 LAMEA Smart Market by Country
Chapter 5. LAMEA HVAC Actuators Market by Application
5.1 LAMEA Industrial Facilities Market by Country
5.2 LAMEA Commercial Building Market by Country
5.3 LAMEA Public Utilities Market by Country
Chapter 6. LAMEA HVAC Actuators Market by Country
6.1 Brazil HVAC Actuators Market
6.1.1 Brazil HVAC Actuators Market by Type
6.1.2 Brazil HVAC Actuators Market by Technology
6.1.3 Brazil HVAC Actuators Market by Application
6.2 Argentina HVAC Actuators Market
6.2.1 Argentina HVAC Actuators Market by Type
6.2.2 Argentina HVAC Actuators Market by Technology
6.2.3 Argentina HVAC Actuators Market by Application
6.3 UAE HVAC Actuators Market
6.3.1 UAE HVAC Actuators Market by Type
6.3.2 UAE HVAC Actuators Market by Technology
6.3.3 UAE HVAC Actuators Market by Application
6.4 Saudi Arabia HVAC Actuators Market
6.4.1 Saudi Arabia HVAC Actuators Market by Type
6.4.2 Saudi Arabia HVAC Actuators Market by Technology
6.4.3 Saudi Arabia HVAC Actuators Market by Application
6.5 South Africa HVAC Actuators Market
6.5.1 South Africa HVAC Actuators Market by Type
6.5.2 South Africa HVAC Actuators Market by Technology
6.5.3 South Africa HVAC Actuators Market by Application
6.6 Nigeria HVAC Actuators Market
6.6.1 Nigeria HVAC Actuators Market by Type
6.6.2 Nigeria HVAC Actuators Market by Technology
6.6.3 Nigeria HVAC Actuators Market by Application
6.7 Rest of LAMEA HVAC Actuators Market
6.7.1 Rest of LAMEA HVAC Actuators Market by Type
6.7.2 Rest of LAMEA HVAC Actuators Market by Technology
6.7.3 Rest of LAMEA 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 LAMEA HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 2 LAMEA HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 3 LAMEA HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 4 LAMEA HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 5 LAMEA Spring Return Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Spring Return Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Non Spring Return Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Non Spring Return Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 10 LAMEA HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 11 LAMEA Conventional Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Conventional Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Smart Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Smart Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 16 LAMEA HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 17 LAMEA Industrial Facilities Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Industrial Facilities Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Commercial Building Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Commercial Building Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Public Utilities Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Public Utilities Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA HVAC Actuators Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA HVAC Actuators Market by Country, 2022 - 2028, USD Million
TABLE 25 Brazil HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 26 Brazil HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 27 Brazil HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 28 Brazil HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 29 Brazil HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 30 Brazil HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 31 Brazil HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 32 Brazil HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 33 Argentina HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 34 Argentina HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 35 Argentina HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 36 Argentina HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 37 Argentina HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 38 Argentina HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 39 Argentina HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 40 Argentina HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 41 UAE HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 42 UAE HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 43 UAE HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 44 UAE HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 45 UAE HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 46 UAE HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 47 UAE HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 48 UAE HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 49 Saudi Arabia HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 50 Saudi Arabia HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 51 Saudi Arabia HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 52 Saudi Arabia HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 57 South Africa HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 58 South Africa HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 59 South Africa HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 60 South Africa HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 61 South Africa HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 62 South Africa HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 63 South Africa HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 64 South Africa HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 65 Nigeria HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 66 Nigeria HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 67 Nigeria HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 68 Nigeria HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 69 Nigeria HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 70 Nigeria HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 71 Nigeria HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 72 Nigeria HVAC Actuators Market by Application, 2022 - 2028, USD Million
TABLE 73 Rest of LAMEA HVAC Actuators Market, 2018 - 2021, USD Million
TABLE 74 Rest of LAMEA HVAC Actuators Market, 2022 - 2028, USD Million
TABLE 75 Rest of LAMEA HVAC Actuators Market by Type, 2018 - 2021, USD Million
TABLE 76 Rest of LAMEA HVAC Actuators Market by Type, 2022 - 2028, USD Million
TABLE 77 Rest of LAMEA HVAC Actuators Market by Technology, 2018 - 2021, USD Million
TABLE 78 Rest of LAMEA HVAC Actuators Market by Technology, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA HVAC Actuators Market by Application, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA 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