USA HVAC Motors Market is poised to reach USD 34,039.4 million by 2030 from USD 11,193 million in 2015, with a CAGR of 7.84% during the forecast period 2030.
The technology of controlling and monitoring indoor and vehicle conditions is known as HVAC (Heating, Ventilation, and Air Conditioning). HVAC is sometimes used to describe the additional field of refrigeration. HVAC systems are required in office and industrial buildings to control cooling and heating expenses, particularly when the assembly is big and multiple temperature zones are required throughout the building. With the launch of on-demand training course catalogs, Virtual Reality (VR) is causing quite a stir in the HVAC motor market. As a result, by hiring trained HVAC technicians, businesses can obtain a competitive advantage over their competitors. With the help of these online courses, individuals are obtaining Jobsite skills.
The HVAC motors market in the United States has grown dramatically in recent years, and it is expected to continue to expand due to the high demand for HVAC motors in applications such as unitary, furnace, WSHP, air conditioners, heat pump, ventilator, air handler, and fan-driven terminal unit. The manufacturing of HVAC motors has been raised to meet the existing demand, according to the analysis. One of the main reasons for this expansion is the expanding infrastructure and construction industry.
The leading market players in the USA HVAC motors market primarily include Baldor, Marathon Electric Motors, Us Motors, Fasco Motors, Genteq Motors and others.
The Danfoss CO2 Adaptive Liquid Management (CALM) solution for cool rooms earned the AHR Expo 2020 Innovation Award. Danfoss is a producer of energy-saving technologies. Companies in the HVAC motor industry are spending more money on research and development to integrate a liquid ejector with an adaptive liquid control case controller algorithm to make the most of the evaporator surface in display cases.
Nidec Corporation purchased 100 percent of the equity shares of CIMA S.p.A. (CIMA) from its key shareholders for USD 21.95 million in July 2018. Commercial motors are manufactured, designed, and sold by CIMA. FIR Elettromeccanica S.r.l., a Nidec subsidiary, increased its motor product line with this acquisition.
As per MRFR analysis, the USA HVAC Motors Market has been segmented into:
The HVAC motors market in the United States has grown dramatically in recent years, and it is expected to continue to expand due to the high demand for HVAC motors in applications such as unitary, furnace, WSHP, air conditioners, heat pump, ventilator, air handler, and fan-driven terminal unit. The manufacturing of HVAC motors has been raised to meet the existing demand, according to the analysis. One of the main reasons for this expansion is the expanding infrastructure and construction industry.
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.
The reports also covers brief analysis of Geographical Region includes:
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 market report for HVAC Motors Marketof Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
| Report Attribute/Metric | Details |
| Market Size | 2021: USD 17257 Million 2030: 34,039.4 million |
| CAGR | 7.84% CAGR (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Types and applications |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Baldor, Marathon Electric Motors, Us Motors, Fasco Motors, Genteq Motors and others. |
| Key Market Opportunities | Huge demand of HVAC motors in the application segment |
| Key Market Drivers | Growing infrastructure and construction industry |
USA HVAC Motors Market Highlights:
Frequently Asked Questions (FAQ) :
The growth pattern change because of 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 are the key drivers of the market.
Baldor, Marathon Electric Motors, Us Motors, Fasco Motors, Genteq Motors are the key companies leading in the market share.
The types and applications are the segments of the market.
2022 to 2030 is the growth period of the market.
The market will be recording a CAGR of 7.5% in the forecasted period.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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