Press release
HVAC Motors Market Revenue US$ 17,257 Mn by 2021 At 7.5% CAGR | Opportunities in Emerging Economies to Drive Sales of HVAC Motors
HVAC Motors Market
The USA HVAC motors market has been posting incremental growth and is expected to reach USD 17,257 Mn by the end of 2021, with a CAGR of 7.5% over the forecast period of 2016-2021, projects Market Research Future (MRFR) in a detailed research report. HVAC motors are used for controlling the temperature or environment of buildings or vehicles. They are extensively used in industrial applications to manage and monitor the environment. They are also used in office buildings to control different temperature zones across office buildings and manage the costs of heating and cooling. The USA HVAC motors market has been posting continuous growth owing to the increased application in unitary, WSHP, air conditioner, ventilator, air handler, furnace, and fan powered terminal unit. The growth of the construction industry is one of the major factors boosting the growth of the USA HVAC motors market.
The construction industry is booming in the US and presents growth opportunities for the USA HVAC motors market. HVAC motors market experiences inflated demand from the construction industry since they are used in construction equipment such as conveyor belts and fixed cranes. Moreover, to comply with safety regulatory norms, use of HVAC motors is accelerated. In industrial setup, maintenance of environment is essential which otherwise might result in industrial hazards. HVAC motors have been gaining traction across diverse industries to curtail energy costs.
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The use of HVAC motors ensures enhanced control functionality and helps in the reduction of electricity costs to up to 50%. However, lack of awareness among facility managers, equipment distributors, manufacturers, and engineers might act as an impediment for the growth of the USA HVAC motors market. Other market barriers include long capital replacement cycles, understaffing and under-training of plant maintenance and management functions.
Segmentation
The USA HVAC motors market has been segmented based on type and application. By type, the market has been segmented into chiller/cooling tower motors, fan and blower motors, condenser fan motors and shaft grounding motors. By application, the market has been segmented into unitary, furnace, WSHP, air conditioner, heat pump, ventilator, air handler, and fan powered terminal unit.
Regional Analysis
Regionally, the USA HVAC motors market has been segmented into California, Texas, Washington and Others. The market in the US is growing at a rapid pace and is likely to continue on a positive growth trajectory over the forecast period. High demand for HVAC motors in applications such as unitary, furnace, heat pump, air handler, WSHP, air conditioner, and fan powered terminal unit is driving the market for HVAC motors. The growth of the construction industry is also a major driver of the market in the US.
Competitive Landscape
Fasco Motors (U.S.), Marathon Electric Motors (U.S.), Genteq Motors (U.S.), Us Motors (U.S.), Baldor Electric Company (U.S.) are the major players operating in the USA HVAC motors market. The USA HVAC motors market is highly competitive with the presence of numerous large and small players in the market. The USA HVAC motors market holds high growth potential owing to which it is attracting many new entrants to the market. The market participants are competing based on price, quality, technology, and reputation to ensure delivery of best quality products based on innovative technology and best practices.
Industry updates
In July 2018, MAHLE, a provider of innovative solutions for automotive and industrial applications, announced the development of electrified HVAC systems and electric auxiliary components such as electric oil coolers and hydraulic pumps.
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Table of Contents
1 Industry Overview
2 Manufacturing Cost Structure Analysis Of HVAC Motor
3 Technical Data And Manufacturing Plants Analysis
4 Production Analysis Of HVAC Motor By Regions, Product Types, And Applications
5 Consumption Volume And Consumption Value Analysis Of HVAC Motor By Regions
6 Analysis Of HVAC Motor Production, Supply, Sales And Market Status 2011-2016
7 Analysis Of HVAC Motor Industry Key Manufacturers
8 Price And Gross Margin Analysis
9 Marketing Trader Or Distributor Analysis Of HVAC Motor
10 Development Trend Of HVAC Motor Industry 2016-2021
11 Industry Chain Suppliers Of HVAC Motor With Contact Information
12 New Project Investment Feasibility Analysis Of HVAC Motor
13 Conclusion Of The USA HVAC Motor Industry 2016 Market Research Report
14 List Of Tables
15 List Of Figures
Continued…….
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.
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