Market Overview:
The global HVAC VFD driver market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient solutions and the growing awareness about energy conservation. In addition, the increasing demand for air conditioning systems in developing countries is also contributing to the growth of this market. The global HVAC VFD driver market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into below 10 kW, 10-100 kW, and above 100 kW segments. On the basis of application, it can be classified into air handling units (AHUs), cooling towers (CTs), and pumps segments. Geographically speaking, it has been analyzed across North America (U.S., Canada), Latin America (Mexico & Brazil), Europe (Germany & U K.), Asia Pacific excluding Japan) Japan) MEA).
Product Definition:
HVAC VFD Driver is a device that controls the speed of an electric motor. The motor can be used to drive a fan or compressor in an HVAC system. The driver allows the user to control the speed of the motor, which in turn, controls the temperature and humidity levels in a building.
Below 10 KW:
Below 10 KW, it's usage.
The global below 10 KW, it's usage and growth factor in HVAC VFD driver market size was valued at USD 0.01 billion in 2016. The growing demand for energy-efficient systems is expected to drive the demand for low power DC-DC converters over the forecast period.
10-100 KW:
The 10-100 KW is the range of power consumption by HVAC VFD Driver. It is used to define the power rating of a cooling or heating device. The normal process works as follows: first, we measure the input current and then use it to calculate output Power (P). This method has certain limitations such as if there are any changes in load requirement during measurement cycle, results will be inaccurate.
Application Insights:
The air handling units segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to rising demand for HVAC systems in commercial buildings, offices, shops and malls. Furthermore, increasing government funding & subsidies for the installation of energy-efficient products is also likely to boost product demand over the forecast period.
Pumps are estimated to be one of the prominent applications witnessing growth owing to their application across various industries including water treatment plants, chemical plants etc. Growing population coupled with rapid urbanization has resulted in an increased need for fresh water supply across several regions which will further increase product demand during future years.
In terms of revenue, cooling towers accounted for USD 2 billion in 2017.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of a large number of manufacturing industries coupled with increasing demand for energy-efficient HVAC systems. Moreover, stringent government regulations regarding carbon emission and fuel consumption are expected to drive product demand over the forecast period.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rapid industrialization and urbanization resulting from an increase in population across countries such as China, India, Indonesia, Malaysia and Vietnam among others. In addition, favorable government initiatives pertaining to infrastructure development are likely boost industry expansion thereby driving overall market growth during the projected timeframe.
Growth Factors:
- Increasing demand for energy-efficient devices: The global market for HVAC VFD drivers is expected to grow at a CAGR of more than 7% from 2016 to 2020, owing to the increasing demand for energy-efficient devices.
- Rising awareness about the benefits of using VFDs: There is a growing awareness among consumers about the benefits of using VFDs in HVAC systems, which is driving the growth of this market.
- Growing popularity of smart homes: The popularity of smart homes is another major factor that is driving the growth of the global HVAC VFD driver market. Smart home technologies are incorporating features such as voice control and motion sensors, which are helping homeowners save energy and money on their utility bills.
- Technological advancements: The advent of new technologies such as microcontrollers and programmable logic controllers (PLCs) has led to significant advancements in HVAC VFD driver technology, thereby boosting this market’s growth prospects.
Scope Of The Report
Report Attributes
Report Details
Report Title
HVAC VFD Driver Market Research Report
By Type
Below 10 KW, 10-100 KW, Above 100 KW
By Application
Air Handling Units, Cooling Towers, Pumps
By Companies
ABB, Siemens, Danfoss, Schneider Electric, Emerson (Nidec), Mitsubishi Electric, Fuji Electric, Hitachi, Yaskawa, Toshiba, WEG SA, Eaton
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global HVAC VFD Driver Market Report Segments:
The global HVAC VFD Driver market is segmented on the basis of:
Types
Below 10 KW, 10-100 KW, Above 100 KW
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
Air Handling Units, Cooling Towers, Pumps
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:
- ABB
- Siemens
- Danfoss
- Schneider Electric
- Emerson (Nidec)
- Mitsubishi Electric
- Fuji Electric
- Hitachi
- Yaskawa
- Toshiba
- WEG SA
- Eaton
Highlights of The HVAC VFD Driver 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:
- Below 10 KW
- 10-100 KW
- Above 100 KW
- By Application:
- Air Handling Units
- Cooling Towers
- Pumps
- 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 VFD Driver 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
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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?
A HVAC VFD driver is a device that controls the speed of an electric motor used in an air conditioning or heating system.
Some of the key players operating in the hvac vfd driver market are ABB, Siemens, Danfoss, Schneider Electric, Emerson (Nidec), Mitsubishi Electric, Fuji Electric, Hitachi, Yaskawa, Toshiba, WEG SA, Eaton.
The hvac vfd driver market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. HVAC VFD Driver Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. HVAC VFD Driver Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. HVAC VFD Driver Market - Supply Chain
4.5. Global HVAC VFD Driver Market Forecast
4.5.1. HVAC VFD Driver Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. HVAC VFD Driver Market Size (000 Units) and Y-o-Y Growth
4.5.3. HVAC VFD Driver Market Absolute $ Opportunity
5. Global HVAC VFD Driver Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. HVAC VFD Driver Market Size and Volume Forecast by Type
5.3.1. Below 10 KW
5.3.2. 10-100 KW
5.3.3. Above 100 KW
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global HVAC VFD Driver Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. HVAC VFD Driver Market Size and Volume Forecast by Application
6.3.1. Air Handling Units
6.3.2. Cooling Towers
6.3.3. Pumps
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global HVAC VFD Driver Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. HVAC VFD Driver Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global HVAC VFD Driver Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. HVAC VFD Driver Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global HVAC VFD Driver Demand Share Forecast, 2019-2026
9. North America HVAC VFD Driver Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America HVAC VFD Driver Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America HVAC VFD Driver Market Size and Volume Forecast by Application
9.4.1. Air Handling Units
9.4.2. Cooling Towers
9.4.3. Pumps
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America HVAC VFD Driver Market Size and Volume Forecast by Type
9.7.1. Below 10 KW
9.7.2. 10-100 KW
9.7.3. Above 100 KW
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America HVAC VFD Driver Demand Share Forecast, 2019-2026
10. Latin America HVAC VFD Driver Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America HVAC VFD Driver Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America HVAC VFD Driver Market Size and Volume Forecast by Application
10.4.1. Air Handling Units
10.4.2. Cooling Towers
10.4.3. Pumps
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America HVAC VFD Driver Market Size and Volume Forecast by Type
10.7.1. Below 10 KW
10.7.2. 10-100 KW
10.7.3. Above 100 KW
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America HVAC VFD Driver Demand Share Forecast, 2019-2026
11. Europe HVAC VFD Driver Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe HVAC VFD Driver Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe HVAC VFD Driver Market Size and Volume Forecast by Application
11.4.1. Air Handling Units
11.4.2. Cooling Towers
11.4.3. Pumps
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe HVAC VFD Driver Market Size and Volume Forecast by Type
11.7.1. Below 10 KW
11.7.2. 10-100 KW
11.7.3. Above 100 KW
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe HVAC VFD Driver Demand Share, 2019-2026
12. Asia Pacific HVAC VFD Driver Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific HVAC VFD Driver Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific HVAC VFD Driver Market Size and Volume Forecast by Application
12.4.1. Air Handling Units
12.4.2. Cooling Towers
12.4.3. Pumps
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific HVAC VFD Driver Market Size and Volume Forecast by Type
12.7.1. Below 10 KW
12.7.2. 10-100 KW
12.7.3. Above 100 KW
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific HVAC VFD Driver Demand Share, 2019-2026
13. Middle East & Africa HVAC VFD Driver Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa HVAC VFD Driver Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa HVAC VFD Driver Market Size and Volume Forecast by Application
13.4.1. Air Handling Units
13.4.2. Cooling Towers
13.4.3. Pumps
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa HVAC VFD Driver Market Size and Volume Forecast by Type
13.7.1. Below 10 KW
13.7.2. 10-100 KW
13.7.3. Above 100 KW
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa HVAC VFD Driver Demand Share, 2019-2026
14. Competition Landscape
14.1. Global HVAC VFD Driver Market: Market Share Analysis
14.2. HVAC VFD Driver Distributors and Customers
14.3. HVAC VFD Driver Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Danfoss
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Schneider Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Emerson (Nidec)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fuji Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hitachi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yaskawa
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Toshiba
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. WEG SA
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Eaton
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
