Global HVAC Motors Market – Overview
HVAC (Heating, Ventilation and Air Conditioning) is the technology of controlling and monitoring indoor and vehicular environments. Sometimes, HVAC is used to characterize the added field of Refrigeration. HVAC systems are needed in office and industrial buildings to manage the costs of cooling and heating, specifically when the assembly is large and it needs different temperature zones across the building.
The USA HVAC motors market has seen a tremendous growth over the past few years and it has been estimated that the growth pattern will continue due to huge demand of HVAC motors in the application segment such as unitary, furnace, WSHP, air conditioner, heat pump, ventilator, air handler and fan powered terminal unit. To meet the current demand it was analyzed that the production of HVAC motors has been increased. The growing infrastructure and construction industry is one of the major reason for this kind of growth.
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The leading market players in the USA HVAC motors market primarily include Baldor, Marathon Electric Motors, Us Motors, Fasco Motors, Genteq Motors and others.
USA HVAC Motors Market Segments Analysis
As per MRFR analysis, the USA HVAC Motors Market has been segmented into:
By Types: chiller/cooling tower motors, fan and blower motors, condenser fan motors and shaft grounding motors
By Applications: unitary, furnace, WSHP, air conditioner, heat pump, ventilator, air handler and fan powered terminal unit
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Industry/ Innovation/ Related News:
February 2017- Nidec Corporation completed the acquisition of Leroy-Somer and Control Techniques, Emerson Electric’s motors, drives and electric power generation businesses. The acquisitions broaden Nidec’s motor offering and product lineup. In the United States, the new acquisitions include units that operated as Emerson Industrial Automation USA and Kato Engineering, Inc. Through this acquisition, Nidec has strengthened its ability to serve power generation, pumping, air moving, automation equipment and other applications.
May 2014- Genteq Motors introduced its EON high speed motor. This is the first Genteq ECM designed for use with backward inclined wheels at very high fan speeds which provides huge system efficiency gains when compared to forward inclined.
Regional Analysis of HVAC Motors Market
The USA HVAC motors market is poised to reach USD 11,193 million in 2015 from $17,257 million in 2021, with a CAGR of 7.5% during the forecasted period.
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