Market Overview:
The global HVAC motors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient HVAC systems across the globe. In addition, the growing awareness about energy conservation is also propelling the growth of this market. The global HVAC motors market can be segmented on the basis of type into DC motors and AC motors. The AC motors segment is expected to dominate this market during the forecast period owing to their high efficiency and low power consumption as compared to DC motors. On the basis of application, this market can be divided into household and commercial applications.
Product Definition:
HVAC Motors are used in Heating, Ventilation, and Air Conditioning systems. They are important because they circulate the air in a building or home.
DC Motors:
DC motors are used in HVAC equipment such as heaters, coolers and air conditioners. The growth factor for DC motor is its low cost which makes it a suitable option to be used in various small-scale applications including consumer appliances.
The market for DC motors has witnessed significant growth owing to the factors such as energy efficiency offered by them coupled with their compact size which makes them ideal for installation in portable devices including MP3 players, laptops.
AC Motors:
AC motors are used in HVAC applications such as air conditioners, heat pumps, and refrigerators. The basic function of these motors is to provide mechanical drive for the systems. They are available in different sizes and specifications according to the application requirements.
Different types of AC motor include wound rotor type, permanent magnet type, induction motor (brushless), steam turbine-type and gas turbine-type among others which have been mentioned above.
Application Insights:
The commercial segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The increasing number of hospitals, hotels, restaurants and other commercial buildings is anticipated to drive the demand for HVAC motors over the forecast period. Furthermore, government initiatives such as ¢â‚¬Å“Cooling Centers¢â‚¬ are likely to contribute significantly towards industry growth. For instance, in 2015, China¢â‚¬â„¢s Ministry of Housing and Urban Development launched a program for providing air conditioning facilities at public places including shopping malls and markets across cities. Such initiatives by governments across various regions are expected to boost product demand over the coming years.
Household application accounted for a share of 33% in 2017 owing to rising penetration of residential buildings on account of rapid urbanization coupled with rising disposable income among consumers globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing construction activities, coupled with rapid urbanization in developing countries such as China and India. In addition, rising disposable income levels are anticipated to drive demand for household cooling systems in these regions.
The European region accounted for a significant share of revenue owing to high product penetration of heating, ventilation, air conditioning (HVAC) motors driven by technological advancements along with increased adoption across commercial applications such as hotels and restaurants is expected to drive regional growth over the forecast period.
Growth Factors:
- Increasing demand for energy-efficient HVAC motors
- Growing popularity of variable frequency drives (VFDs)
- Proliferation of smart buildings and the Internet of Things (IoT)
- Rising demand for cooling in hot climates
- Increased focus on sustainability and green initiatives
Scope Of The Report
Report Attributes
Report Details
Report Title
HVAC Motors Market Research Report
By Type
DC Motors, AC Motors
By Application
Household, Commercial
By Companies
GE, ABB, Baldor, Nidec Motor Corporation, Century, Dayton, Genteg, Marathon Motors, Fasco, Morrill, Weg, Bell&Gossett, Electric Motors and Speciaties, EM&S, Grainger Approved, Airmaster Fan, Acme-Miami
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global HVAC Motors Market Report Segments:
The global HVAC Motors market is segmented on the basis of:
Types
DC Motors, AC Motors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE
- ABB
- Baldor
- Nidec Motor Corporation
- Century
- Dayton
- Genteg
- Marathon Motors
- Fasco
- Morrill
- Weg
- Bell&Gossett
- Electric Motors and Speciaties
- EM&S
- Grainger Approved
- Airmaster Fan
- Acme-Miami
Highlights of The HVAC Motors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- DC Motors
- AC Motors
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the HVAC Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
HVAC motors are used to turn the fan or blower on and off in an HVAC system.
Some of the key players operating in the hvac motors market are GE, ABB, Baldor, Nidec Motor Corporation, Century, Dayton, Genteg, Marathon Motors, Fasco, Morrill, Weg, Bell&Gossett, Electric Motors and Speciaties, EM&S, Grainger Approved, Airmaster Fan, Acme-Miami.
The hvac motors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HVAC Motors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 HVAC Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HVAC Motors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the HVAC Motors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global HVAC Motors Market Size & Forecast, 2020-2028
4.5.1 HVAC Motors Market Size and Y-o-Y Growth
4.5.2 HVAC Motors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 DC Motors
5.2.2 AC Motors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HVAC Motors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 HVAC Motors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 DC Motors
9.6.2 AC Motors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 DC Motors
10.6.2 AC Motors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 DC Motors
11.6.2 AC Motors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 DC Motors
12.6.2 AC Motors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 DC Motors
13.6.2 AC Motors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 HVAC Motors Market: Competitive Dashboard
14.2 Global HVAC Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE
14.3.2 ABB
14.3.3 Baldor
14.3.4 Nidec Motor Corporation
14.3.5 Century
14.3.6 Dayton
14.3.7 Genteg
14.3.8 Marathon Motors
14.3.9 Fasco
14.3.10 Morrill
14.3.11 Weg
14.3.12 Bell&Gossett
14.3.13 Electric Motors and Speciaties
14.3.14 EM&S
14.3.15 Grainger Approved
14.3.16 Airmaster Fan
14.3.17 Acme-Miami
