All updated as on -
The HVAC Motors Market is anticipated to reach USD 21.2 billion by the end of the forecast period (2022-2030), growing at a CAGR of 9.02%. In 2020, the market was worth USD 12.65 billion.
HVAC motors use balanced rotors to reduce vibration and offer silent operation. These motors typically have a power rating between 0.18 kW and 75 kW. Additionally, the range in horsepower for these motors could be 0.25 to 100. The most typical uses for these motors are in the heavy-duty industrial and commercial end-use sectors. In these end-use industries, various motors are used in a variety of applications, including ventilators, direct-drive and belted fans, exhaust fans, air conditioning units, unit heaters, and refrigeration condensers. These motors are frequently used in electronic controls with variable torque, which ultimately save electricity.
The implementation of various government regulations and policies targeted at energy conservation, along with the growing requirement for HVAC systems to minimise energy usage, are expected to drive the global market ahead. Furthermore, the global market for HVAC motors has considerable prospects thanks to expanding industrialization and GDP, particularly in China and India. Additionally, governments everywhere are concentrating on motivating businesses and households to implement energy-saving techniques to lower energy use. The fact that HVAC motors are a great way to save energy by boosting machine efficiency is what drives the global market for HVAC motors.
Some of the reasons that are anticipated to drive the global market include the rising demand for HVAC systems to minimise energy consumption and the development of various government regulations and policies for energy conservation. Additionally, there are numerous prospects for the worldwide HVAC motors market due to the fast industrialization and rising GDP, particularly in China and India. Additionally, governments around the world are concentrating on lowering energy use in businesses and homes by pushing people to employ energy-saving methods. By boosting machine efficiency, HVAC motors provide a perfect means of reducing energy consumption, which drives the global market.
The strict requirements pertaining to energy efficiency are a major reason why the global market for HVAC motors is anticipated to grow rapidly over the forecast period. A number of important players have begun to create very energy-efficient, cutting-edge motors. For instance, in 2017 ABB created a 44 MW 6-pole synchronous motor with an efficiency level more than 98.9%, breaking all previous records for energy efficiency. In addition, officials have started looking for possibilities to use high energy motors more frequently. Accordingly, many nations have already implemented some of the policies, such as minimum requirements and automobile labelling programmes. In addition, numerous capacity development programmes and energy audit schemes have been implemented to increase motor efficiency. During the forecast period, all of these factors are anticipated to propel the worldwide HVAC motors market.
Report Coverage
Global HVAC Motors research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global HVAC Motors report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and HVAC Motors competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key HVAC Motors market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global HVAC Motors market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, HVAC Motors market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
WEG (Brazil), Regal Beloit Corporation (US), Honeywell International Inc. (US), Ingersoll-Rand Plc, (Ireland), Johnson Controls (US), Mitsubishi Electric (Japan), Danfoss (Denmark), Hitachi (Japan), LG Electronics (South Korea), ABB (Switzerland), Siemens (Germany), Bosch Rexroth (Germany), and GE (US)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global HVAC Motors market based on the below-mentioned segments:
Global HVAC Motors Market, By Type
Condenser Fan Motors
Blower Motors
Cooling Tower Motors
Global HVAC Motors market, By Application
Heating
Ventilation
Cooling Equipment
Global HVAC Motors Market, By End User
Residential
Commercial
Industrial
Global HVAC Motors market, Regional Analysis
HVAC motors use balanced rotors to reduce vibration and offer silent operation. These motors typically have a power rating between 0.18 kW and 75 kW. Additionally, the range in horsepower for these motors could be 0.25 to 100. The most typical uses for these motors are in the heavy-duty industrial and commercial end-use sectors. In these end-use industries, various motors are used in a variety of applications, including ventilators, direct-drive and belted fans, exhaust fans, air conditioning units, unit heaters, and refrigeration condensers. These motors are frequently used in electronic controls with variable torque, which ultimately save electricity.
The implementation of various government regulations and policies targeted at energy conservation, along with the growing requirement for HVAC systems to minimise energy usage, are expected to drive the global market ahead. Furthermore, the global market for HVAC motors has considerable prospects thanks to expanding industrialization and GDP, particularly in China and India. Additionally, governments everywhere are concentrating on motivating businesses and households to implement energy-saving techniques to lower energy use. The fact that HVAC motors are a great way to save energy by boosting machine efficiency is what drives the global market for HVAC motors.
Some of the reasons that are anticipated to drive the global market include the rising demand for HVAC systems to minimise energy consumption and the development of various government regulations and policies for energy conservation. Additionally, there are numerous prospects for the worldwide HVAC motors market due to the fast industrialization and rising GDP, particularly in China and India. Additionally, governments around the world are concentrating on lowering energy use in businesses and homes by pushing people to employ energy-saving methods. By boosting machine efficiency, HVAC motors provide a perfect means of reducing energy consumption, which drives the global market.
The strict requirements pertaining to energy efficiency are a major reason why the global market for HVAC motors is anticipated to grow rapidly over the forecast period. A number of important players have begun to create very energy-efficient, cutting-edge motors. For instance, in 2017 ABB created a 44 MW 6-pole synchronous motor with an efficiency level more than 98.9%, breaking all previous records for energy efficiency. In addition, officials have started looking for possibilities to use high energy motors more frequently. Accordingly, many nations have already implemented some of the policies, such as minimum requirements and automobile labelling programmes. In addition, numerous capacity development programmes and energy audit schemes have been implemented to increase motor efficiency. During the forecast period, all of these factors are anticipated to propel the worldwide HVAC motors market.
Report Coverage
Global HVAC Motors research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global HVAC Motors report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and HVAC Motors competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key HVAC Motors market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | WEG (Brazil), Regal Beloit Corporation (US), Honeywell International Inc. (US), Ingersoll-Rand Plc, (Ireland), Johnson Controls (US), Mitsubishi Electric (Japan), Danfoss (Denmark), Hitachi (Japan), LG Electronics (South Korea), ABB (Switzerland), Siemens (Germany), Bosch Rexroth (Germany), and GE (US) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of HVAC Motors Market from 2021 to 2030.
- Market Forecast for HVAC Motors Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, HVAC Motors competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on HVAC Motors
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global HVAC Motors market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, HVAC Motors market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
WEG (Brazil), Regal Beloit Corporation (US), Honeywell International Inc. (US), Ingersoll-Rand Plc, (Ireland), Johnson Controls (US), Mitsubishi Electric (Japan), Danfoss (Denmark), Hitachi (Japan), LG Electronics (South Korea), ABB (Switzerland), Siemens (Germany), Bosch Rexroth (Germany), and GE (US)
Primary Target Market
- Market Players of HVAC Motors
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global HVAC Motors market based on the below-mentioned segments:
Global HVAC Motors Market, By Type
Condenser Fan Motors
Blower Motors
Cooling Tower Motors
Global HVAC Motors market, By Application
Heating
Ventilation
Cooling Equipment
Global HVAC Motors Market, By End User
Residential
Commercial
Industrial
Global HVAC Motors market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive hvac motors market market research and competitor analysis for your business to help you develop more profound insights into the hvac motors market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the hvac motors market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.