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HVAC Motors Market 2020 Size, Share, Growth, Trends, Industry Analysis & Global Forecast 2025| ABB, General Electric, Panasonic Corporation, Siemens AG, W.W. Grainger, Inc., Nidec Motor Corporation, Hoyer Motors, Rockwell Automation Incorporation, Johnson

04-16-2020 08:12 AM CET | Industry, Real Estate & Construction

Press release from: Adroit Market Research

HVAC motors is used to provide power to HVAC systems for heating, cooling, and air circulation. These motors are designed for perform quiet operation with reduced vibration and it ranges from sizes from 0.18 kW to 75 kW. The motors are deployed for commercial applications and heavy industrial machines which comprises of exhaust fans, direct drive, air conditioning units, belted fans, ventilators, unit heaters, and commercial refrigeration condensers.

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These motors are designed to support variable torque electronic controls that are used to conserve power. In addition, HVAC pumps are capable of delivering high operational efficiencies that minimizes electricity and energy consumption which in turn enhances to overall comfort across outdoor and applications. These technology is used to monitor, control and perform required actions for indoor environments. The rising urban population along with growing industrialization across the globe is stimulating the industry outlook.

Shift toward minimal electrify consumption and attaining energy efficiency is driving the industry

Positive industrial outlook leading to optimum power consumption and energy conservation across the countries is anticipated to provide impetus to the HVAC motor industry. The growing demand for energy efficient motors owing to strict electricity consumption standards and surging electricity prices is driving the product demand. Strict manufacturing norms to attain optimum power consumption along with achieving high efficiency across the heavy industries is contributing in the adoption of HVAC motors.

Shifting consumer inclination toward efficient solutions along with minimum running costs, high efficiency, and service affordability, is fuelling the product demand. Ongoing upsurge in automobile production is one of the major factors which has positively impacted growth of the global HVAC motor industry. Increase in adoption rate of electric vehicles across owing to rising carbon level and achieve sustainability is anticipated to contribute in the industry upsurge in the coming years.

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Industrial segment dominates the application share

In terms of application, industrial sector is analysed to be the major shareholder for the industry. The ongoing shift toward sustainable power consumption owing to strict government regulations to achieve energy efficiency is augmenting the product demand. The substantial growth across food & beverage, pharmaceutical, automobile industry have significantly contributed in the market upsurge. The motors capability to operate in the harsh and extreme conditions further favours the adoption across multiple industries. Moreover, rising concern toward sustainable energy consumption and optimum power utilization is further complimenting the business outlook.

Asia-Pacific holds the major share

Asia Pacific is analysed to hold major industry share across the HVAC motor industry. Supportive government initiatives including favourable subsidies to attract industry players to establish manufacturing is driving the industrial outlook. Furthermore, growing population across the region along with rising focus toward sustainable consumption is fuelling the product demand. Rising disposable income coupled with improving living standard is further proliferating the industry growth.

The regions holds major share owing to increasing consumer preferences toward advanced technology which utilized optimum power consumption. The surging demand for residential heating, ventilation & air conditioning, electronic gadgets and home appliances, is significantly contributing the industry upsurge. Furthermore, rising focus toward integration of renewable energy and adopting the technology for heating and cooling applications is anticipated to escalate the industry growth in the coming years.

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Key Market Players

ABB
General Electric
Panasonic Corporation
Siemens AG
W.W. Grainger, Inc.
Nidec Motor Corporation
Hoyer Motors
Rockwell Automation Incorporation
Johnson Electric Holdings Limited
Regal-Beloit Corporation
Baldor Electric Incorporation
Others

Market Segments: HVAC Motors Market

By Type:
Linear Motors
Stepper Motors
Servo Motors
AC Brushless Motors
DC Brushed Motors
DC Brushless Motors
By Power
DC motor
AC motor
By Voltage Range
Based on voltage range, the global HVAC motor market can be classified into:
9 V & below
10 - 20 V
20 - 60 V
60 V & above
By Speed
Low-speed electric motors
Medium-speed electric motors
High-speed electric motors
Ultrahigh-speed electric motors
By Application
Industrial
Residential
Commercial
HVAC Equipment
Drying Process
By Region
North America
US
Canada
Europe
Germany
France
UK
Russia
Asia Pacific
China
India
South Korea
Japan
South-East Asia
Middle East and Africa
Saudi Arabia
South America
Brazil

Key Sources

Industry Associations
Patent Websites
Company Annual Reports
Company Websites
Key industry leaders
Technology consultants
Others

Key Questions Answered

What are the key growth regions and countries?
What are the important types and technologies being used?
What are the market players doing, in terms of research and development?
Which are the new applications for this market?
What are the integrations happening?
What are the recent news, developments, mergers, or large value deals?

Key Stakeholders

Raw material suppliers
Automobile manufacturers
Component manufacturers
Part suppliers
Tier 1 suppliers
Regulatory Authorities

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Ryan Johnson
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX75204, U.S.A.
Phone No.: USA: +1 972-362 -8199/ +91 9665341414

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