HVAC Motors Market 2019 Business Strategies, Competitive Landscape, Segmentation, Emerging Trends, Sales Revenue, Opportunity Assessment and Forecast to 2023
HVAC Motors Market to boost swiftly owing to the growing construction sector across the globe till 2023. HVAC Motors Market Segmented by Type (Condenser Fan Motors, Blower Motors, Cooling Tower Motors), Application (Heating, Ventilation, Cooling Equipment), End-Use (Residential, Commercial, Industrial) and Region– Forecast to 2023
Pune, India – May 22, 2019 /MarketersMedia/ —
HVAC Motors Market Highlights
The global HVAC motors market is expected to grow at a high rate during the forecast period, mainly due to the stringent regulations regarding energy efficiency. Many key players have started developing motors, which are technologically advanced and provide high energy-efficiency. HVAC motors can be used in a variety of applications where highly reliable and efficient motors are required. These motors can be designed with different electrical starting arrangements and constructions according to customer requirements. These motors find applications in air curtains, condenser units, chiller units, exhaust fans, fan coil units, and blowers. Additionally, these motors are also used for variable torque electronic controls, which are ultimately used to conserve electricity.
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The increasing demand for HVAC systems to reduce energy consumption and the introduction of various government regulations and policies for conserving energy are some of the factors that are expected to drive the global HVAC motors market. Additionally, the rapid industrialization and growing GDP, especially in China and India, are present various opportunities for the global HVAC motors market. Moreover, governments across the globe are focusing on reducing energy consumption in industries and households by encouraging them to use energy-saving techniques. HVAC motors offer an ideal solution for saving energy by increasing the efficiency of the machines, which drives the global HVAC motors market.
HVAC Motors Industry Segmentation
The global HVAC motors market has been segmented based on type, application, and end-use. On the basis of application, the market has been classified into heating equipment, ventilation equipment, and cooling equipment. Within the heating equipment segment, the heat pumps subsegment is likely to dominate the market, owing to their evolving capabilities including performing both, space-cooling and heating functions, along with the ability to heat water. Within the ventilation equipment segment, the air handling subsegment is expected to dominate the market, mainly due to the ambient air that these motors draw. Various other advantages of air handling units include restriction in cross contamination, simple and safer damper for regulating air, minimal space, and portability.
Prominent Players
Some of the key players in the global HVAC motors market are 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), among others.
Scope of the Report
This report provides an in-depth analysis of the global HVAC motors market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, the Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global HVAC motors market by type, application, end-use, and region.
HVAC Motors Regional Market Analysis
Region wise, in 2017, Asia-Pacific held the largest market share of the global HVAC motors market. It is also expected that the region would continue to be the largest market during the forecast period. In Asia-Pacific, China held the largest share in the HVAC motors market, owing to several beneficial government policies. For instance, the Ministry of Housing and Urban-Rural Development of P.R. China (MOHURD) implemented certain standards and protocols related to construction policies regarding HVAC motor installations.
Table Of Contents
1. Executive Summary
2. Market Introduction
2.1. Market Definition
2.2. Scope Of The Study
2.3. Market Structure
3. Research Methodology
3.1. Primary Research
3.2. Secondary Research
3.3. Market Size Estimation
3.4. Forecast Model
3.5. List Of Assumptions
4. Market Dynamics
4.1. Drivers
4.1.1. Increasing Demand For HVAC Systems To Reduce Energy Consumption
4.1.2. Government Regulations And Policies For Conserving Energy
4.2. Restraints
4.2.1. High Installation Cost Of Energy-Efficient HVAC Systems
4.3. Opportunities
4.3.1. Increasing Investment In Construction Sector
4.4. Porter’s Five Forces Analysis
4.4.1. Threat Of New Entrants
4.4.2. Bargaining Power Of Buyers
4.4.3. Bargaining Power Of Suppliers
4.4.4. Threat Of Substitutes
4.4.5. Intensity Of Rivalry
4.5. Value Chain/Supply Chain Analysis
Continue…
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