Global Damper Actuators Market Is Valued At 1307.93 Million USD In 2017
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Damper Actuators is a device that controls the opening and closing of a damper in an HVAC or heating, ventilation and air conditioning system. For industry structure analysis, the Damper Actuators industry is relatively concentrated. These manufacturers ranging from large multinational corporations to small privately owned companies compete in this industry. Regionally, Asia-Pacific is the biggest consumption area.
The sales of Damper Actuators increased from 11.52 M Units in 2013 to 12.77 M Units in 2017 with an average growth rate of more than 2.61%.
Europe occupied 25.73% of the consumption valume market in 2017. It is followed by North America which have around 23.48% of the global total industry. Geographically, Asia-Pacific was the largest consumption market in Asia-Pacific, which took about 42.66% of the global consumption volume in 2017.
For price trend analysis, a key variable in the performance of Damper Actuators producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
For forecast, the global Damper Actuators revenue would keep increasing with CAGR of 1.88%. We tend to believe that this industry still has a bright future, considering the current demand of Damper Actuators