HVAC motors Market Competitive Landscape, In-depth Analysis, Regional Trends, Revenue, Economic Growth and Research Methodology by Forecast to 2026

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iCrowdNewswire   Jan 14, 2021  11:17 AM ET

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Market Research Future published a half-cooked research report on global HVAC Motors Market. The HVAC Motors Market is expected to expand at ~ 7.00% CAGR during the period 2018 to 2023.

Market Highlights

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.  

On the basis of type, the market is segmented into condenser fan motors, blower motors, cooling tower motors, and others. The condenser fan motors segment is estimated to dominate the market as these motors possess various features, which make them popular among customers. These motors are also suitable for mounting in any position.  

The global HVAC motors market is expected to grow at ~ 6.90% CAGR during the forecast period.

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Market Research Analysis

Asia-Pacific is estimated to be the fastest growing market for HVAC motors.

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.   

GLOBAL HVAC MOTORS MARKET 2018–2023

The global HVAC motors market is predicted to grow by more than 7% by 2023-Press release image-01

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.

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By Type

  • Condenser Fan Motors
  • Blower Motors
  • Cooling Tower Motors
  • Others

By Application

  • Heating Equipment
  • Ventilation Equipment
  • Cooling Equipment

By End-Use

  • Commercial
  • Residential
  • Industrial

By Region

  • North America 
  • Asia-Pacific 
  • Europe
  • Middle East & Africa
  • South America

Key Players

  • 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)
  • GE (US)

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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