HVAC Motor Market

HVAC Motor Market (Product Type: PSC Motors, Split Phase Motors, and Shaded Pole Motors; and Speed: Low Speed Motors, Medium Speed Motors, and High Speed Motors) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

HVAC Motor Market Outlook 2031

  • The global industry was valued at US$ 16.1 Bn in 2022
  • It is estimated to grow at a CAGR of 5.2% from 2023 to 2031 and reach US$ 25.1 Bn by the end of 2031

Analysts’ Viewpoint

Expansion of the oil and gas industry and developments in the automobile industry are driving the global HVAC motor industry. Increase in interest of manufacturers to explore rural markets is also augmenting market statistics. Furthermore, advancements in technology are creating lucrative HVAC motor market opportunities for manufacturers. For instance, the latest generation of AI-based automated heating systems introduced in the market.

The global HVAC motor market has unquestionably grown as a result of technology that significantly contributes to meeting the rise in demand for energy saving solutions. While mechanical advancements and increased efficiency were the primary focus of the initial HVAC motor market development, the current HVAC motor market trends focus on shifting toward sustainability, comfort, and energy efficiency.

Hvac Motor Market

Market Introduction

The HVAC motor is a component of the heating and cooling system that dispels conditioned air from the furnace, or air conditioner in commercial or industrial settings. The HVAC motor pushes the heated or cooled air through the ductwork and out of the room through the vents.

The majority of residential and commercial areas are being reshaped as a result of the increased use of cutting-edge technologies in recent years. The development of highly intelligent, fully automated HVAC blower motor technologies is an ongoing trend.

The different types of HVAC motors include PSC (Permanent Split Capacitor) motors, a type of AC single-phase induction motor with mid-level characteristics; split phase motor, which has a main winding and a start winding that provides additional torque during start-up; and shaded pole motors that are a straightforward, minimal expense single-stage AC enlistment engine.

Expansion of the Oil and Gas Industry Boosting Market Dynamics

Global expansion in the oil and gas industry is anticipated to boost the HVAC motor market growth during the forecast period. HVAC significantly contributes to increased safety by preventing hazards during the production process and providing conducive thermal conditions.

The oil and natural gas sector contributes 7% of the gross domestic product to the United States and supports nine million jobs, according to the American Petroleum Institute. European gas reserves can be used to achieve the EU's goal of climate neutrality by complementing the deployment of renewable energy and much-needed energy savings.

Asia Pacific represented 8.4% of the world's oil creation in 2020. In the Middle East, the oil and gas industry accounts for 30% of the UAE's GDP and 13% of its exports.

Only the highest quality industrial fans and other ventilation equipment can meet the demands of oil, petroleum, and gas industries for HVAC reliability and sustainability. Unlike any other industry, the oil, petroleum, and natural gas refining process generate a tremendous amount of heat, corrosion, moisture, fumes, and noise. As a result, oil refineries, extraction facilities, and other gas facilities need dependable, robust HVAC motor equipment paired with an appropriate ventilation system. Hence, extensive usage in the oil and gas sector is fuelling the HVAC motors market size.

Developments in Automobile Industry

The rise in demand for machine control in the vehicle business is one of the key factors anticipated to drive global HVAC motor market progress.

According to the most recent survey conducted by the U.S. Census Bureau, 92% of American households owned at least one vehicle. The country's high demand for automobiles results in an active automotive industry. The automotive industry in the European Union is the largest private investor in R&D, making it one of the world's largest producers. Over 7% of the GDP in the European Union is generated by the automotive industry's turnover.

HVAC motors are frequently utilized in automobiles to maintain HVAC systems in vehicles, for internal temperature regulation, window defrosting, and engine cooling. Besides, the rise in the production of auto parts globally is expected to expand the HVAC motor market demand, as these HVAC motors are used in a variety of automotive applications such as fan motors and air conditioning blowers.

Regional Insights

Europe and North America are expected to hold the majority of the HVAC motor market share due to the growing automobile industry and rise in oil and gas demand in the regions

As per the HVAC motor market analysis, Asia Pacific is expected to have the highest growth rate due to the presence of oil and gas industries in the region. The focus on promoting sustainable building practices and initiatives to improve air quality in cities by the Indian government is expected to be a major factor driving the demand for HVAC systems in the country.

The HVAC motor market in the Middle East & Africa is anticipated to also hold a vital share of the global landscape due to the UAE's exploration projects, which are likely to provide opportunities for Greenfield projects. The Abu Dhabi National Oil Company (ADNOC) intends to construct a brand new liquefied natural gas plant in Fujairah that would produce as much as 9.6 million tons annually and more than double its export capacity.

Analysis of Key Players

Investments in R&D activities, product expansions, and mergers and acquisitions are the business model of prominent HVAC motor manufacturers. Product development is a major marketing strategy of the HVAC motor market's top players. The market is highly competitive, with the presence of various global and regional players.

ABB, Emerson Electric Co, GE, Hitachi (Johnson Controls), Ingersoll-Rand Plc, Mitsubishi Electric, Regal Beloit Corporation, Rockwell Automation, Siemens, and W. W. Grainger, Inc. are the prominent entities profiled in the HVAC motor market.

Key Developments in the Global HVAC Motor Market

  • On January 20, 2023, Johnson Controls-Hitachi Air Conditioning released the air365 Max. It is designed for seamless comfort, energy efficiency, and features that are easy to use. The air365 Max is a complete system for building owners, architects, and HVAC professionals.
  • On April 07, 2022, Rockwell Automation announced the availability of its new Allen-Bradley Armor, PowerFlex AC variable frequency drives for industrial motor control applications. Installation time is reduced, commissioning is simple, and predictive maintenance is provided by the on-machine drives.
  • On January 25, 2022, Emerson introduced the next generation of Copeland ZPK7 single (fixed) speed scroll compressors for HVAC applications use in heat pumps, split air conditioning, packaged systems, rooftops, and geothermal systems in homes and small businesses.

Each of these players has been profiled in the HVAC motor market research based on parameters such as company overview, business strategies, financial overview, product portfolio, recent developments, and business segments.

HVAC Motor Market Snapshot

Attribute

Detail

Market Size Value in 2022

US$ 16.1 Bn

Market Forecast Value in 2031

US$ 25.1 Bn

Growth Rate

(CAGR)

5.2%

Forecast Period

2023–2031

Historical Data Available for

2017–2021

Quantitative Units

US$ Bn for Value & Thousand Units for Volume

Market Analysis

Includes cross segment analysis at regional as well as country level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2022)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Product Type
    • PSC (Permanent Split Capacitor) Motors
    • Split Phase Motors
    • Shaded Pole Motors
  • Speed
    • Low Speed Motors (Less than 1000 RPM)
    • Medium Speed Motors (1001-25000 RPM)
    • High Speed Motors (25000-75000 RPM)
  • End-use Industry
    • Automobile
    • Food & Beverages
    • Oil & Gas
    • Petrochemicals
    • Agriculture
    • Marine
    • Aerospace & Transportation
    • Others (Renewable Energy, Power Generation, Mining, etc.)
  • Distribution Channel
    • Direct Sales
    • Indirect Sales

Region Covered

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

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Japan
  • China
  • India
  • GCC
  • South Africa
  • Brazil

Companies Profiled

  • ABB
  • Emerson Electric Co
  • GE
  • Hitachi (Johnson Controls)
  • Ingersoll-Rand Plc
  • Mitsubishi Electric
  • Regal Beloit Corporation
  • Rockwell Automation
  • Siemens
  • W. W. Grainger, Inc.

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the global HVAC motor market in 2022?

It was valued at US$ 16.1 Bn in 2022.

How much growth is the business expecting in terms of CAGR?

It is estimated to expand at a CAGR of 5.2% from 2023 to 2031.

What are the key driving factors?

Expansion of the oil and gas industry, and rise in automobile industry.

Which is the prominent segment?

In terms of product type, the permanent split capacitor motors segment accounted for significant share in 2022.

Which region is more attractive for vendors?

Asia Pacific is likely to be one of the lucrative markets in the next few years.

Who are the prominent players in the HVAC motor industry?

ABB, Emerson Electric Co, GE, Hitachi (Johnson Controls), Ingersoll-Rand Plc, Mitsubishi Electric, Regal Beloit Corporation, Rockwell Automation, Siemens, and W. W. Grainger, Inc.

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions

    3. Research Methodology

    4. Executive Summary

    5. Market Overview

        5.1. Market Dynamics

            5.1.1. Drivers

            5.1.2. Restraints

            5.1.3. Opportunities

        5.2. Key Trends Analysis

            5.2.1. Demand Side Analysis

            5.2.2. Supply Side Analysis

        5.3. Key Market Indicators

            5.3.1. Overall Electric Motor Market Overview

        5.4. Industry SWOT Analysis

        5.5. Technology Overview

        5.6. Porter’s Five Forces Analysis

        5.7. Value Chain Analysis

        5.8. COVID-19 Impact Analysis

        5.9. Regulatory Framework

        5.10. Global HVAC Motor Market Analysis and Forecast,

            5.10.1. Market Revenue Projections (US$ Bn)

            5.10.2. Market Revenue Projections (Thousand Units)

    6. Global HVAC Motor Market Analysis and Forecast, by Product Type

        6.1. Global HVAC Motor Market Size (US$ Bn) (Thousand Units), by Product Type, 2017- 2031

            6.1.1. PSC (Permanent Split Capacitor) Motors

            6.1.2. Split Phase Motors

            6.1.3. Shaded Pole Motors

        6.2. Incremental Opportunity, by Product Type

    7. Global HVAC Motor Market Analysis and Forecast, by Speed

        7.1. Global HVAC Motor Market Size (US$ Bn) (Thousand Units), by Speed, 2017- 2031

            7.1.1. Low Speed Motors

            7.1.2. Medium Speed Motors

            7.1.3. High Speed Motors

        7.2. Incremental Opportunity, by Speed

    8. Global HVAC Motor Market Analysis and Forecast, by End-use Industry

        8.1. Global HVAC Motor Market Size (US$ Bn) (Thousand Units), by End-use Industry, 2017- 2031

            8.1.1. Automobile

            8.1.2. Food & Beverages

            8.1.3. Oil & Gas

            8.1.4. Petrochemicals

            8.1.5. Agriculture

            8.1.6. Marine

            8.1.7. Aerospace & Transportation

            8.1.8. Others

        8.2. Incremental Opportunity, by End-use Industry

    9. Global HVAC Motor Market Analysis and Forecast, by Distribution Channel

        9.1. Global HVAC Motor Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017- 2031

            9.1.1. Direct Sales

            9.1.2. Indirect Sales

        9.2. Incremental Opportunity, by Distribution Channel

    10. Global HVAC Motor Market Analysis and Forecast, by Region

        10.1. Global HVAC Motor Market Size (US$ Bn) (Thousand Units), by Region, 2017- 2031

            10.1.1. North America

            10.1.2. Europe

            10.1.3. Asia Pacific

            10.1.4. Middle East & Africa

            10.1.5. South America

        10.2. Incremental Opportunity, by Region

    11. North America HVAC Motor Market Analysis and Forecast

        11.1. Regional Snapshot

        11.2. Key Supplier Analysis

        11.3. Key Trends Analysis

            11.3.1. Supply side

            11.3.2. Demand Side

        11.4. Price Trend Analysis

            11.4.1. Weighted Average Selling Price (US$)

        11.5. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Product Type, 2017- 2031

            11.5.1. PSC (Permanent Split Capacitor) Motors

            11.5.2. Split Phase Motors

            11.5.3. Shaded Pole Motors

        11.6. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Speed, 2017- 2031

            11.6.1. Low Speed Motors

            11.6.2. Medium Speed Motors

            11.6.3. High Speed Motors

        11.7. HVAC Motor Market Size (US$ Bn) (Thousand Units), by End-use Industry, 2017- 2031

            11.7.1. Automobile

            11.7.2. Food & Beverages

            11.7.3. Oil & Gas

            11.7.4. Petrochemicals

            11.7.5. Agriculture

            11.7.6. Marine

            11.7.7. Aerospace & Transportation

            11.7.8. Others

        11.8. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017- 2031

            11.8.1. Direct Sales

            11.8.2. Indirect Sales

        11.9. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Country/Sub-region, 2017- 2031

            11.9.1. U.S.

            11.9.2. Canada

            11.9.3. Rest of North America

        11.10. Incremental Opportunity Analysis

    12. Europe HVAC Motor Market Analysis and Forecast

        12.1. Regional Snapshot

        12.2. Key Supplier Analysis

        12.3. Key Trends Analysis

            12.3.1. Supply side

            12.3.2. Demand Side

        12.4. Price Trend Analysis

            12.4.1. Weighted Average Selling Price (US$)

        12.5. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Product Type, 2017- 2031

            12.5.1. PSC (Permanent Split Capacitor) Motors

            12.5.2. Split Phase Motors

            12.5.3. Shaded Pole Motors

        12.6. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Speed, 2017- 2031

            12.6.1. Low Speed Motors

            12.6.2. Medium Speed Motors

            12.6.3. High Speed Motors

        12.7. HVAC Motor Market Size (US$ Bn) (Thousand Units), by End-use Industry, 2017- 2031

            12.7.1. Automobile

            12.7.2. Food & Beverages

            12.7.3. Oil & Gas

            12.7.4. Petrochemicals

            12.7.5. Agriculture

            12.7.6. Marine

            12.7.7. Aerospace & Transportation

            12.7.8. Others

        12.8. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017- 2031

            12.8.1. Direct Sales

            12.8.2. Indirect Sales

        12.9. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Country/Sub-region, 2017- 2031

            12.9.1. U.K.

            12.9.2. Germany

            12.9.3. France

            12.9.4. Rest of Europe

        12.10. Incremental Opportunity Analysis

    13. Asia Pacific HVAC Motor Market Analysis and Forecast

        13.1. Regional Snapshot

        13.2. Key Supplier Analysis

        13.3. Key Trends Analysis

            13.3.1. Supply side

            13.3.2. Demand Side

        13.4. Price Trend Analysis

            13.4.1. Weighted Average Selling Price (US$)

        13.5. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Product Type, 2017- 2031

            13.5.1. PSC (Permanent Split Capacitor) Motors

            13.5.2. Split Phase Motors

            13.5.3. Shaded Pole Motors

        13.6. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Speed, 2017- 2031

            13.6.1. Low Speed Motors

            13.6.2. Medium Speed Motors

            13.6.3. High Speed Motors

        13.7. HVAC Motor Market Size (US$ Bn) (Thousand Units), by End-use Industry, 2017- 2031

            13.7.1. Automobile

            13.7.2. Food & Beverages

            13.7.3. Oil & Gas

            13.7.4. Petrochemicals

            13.7.5. Agriculture

            13.7.6. Marine

            13.7.7. Aerospace & Transportation

            13.7.8. Others

        13.8. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017- 2031

            13.8.1. Direct Sales

            13.8.2. Indirect Sales

        13.9. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Country/Sub-region, 2017- 2031

            13.9.1. China

            13.9.2. India

            13.9.3. Japan

            13.9.4. Rest of Asia Pacific

        13.10. Incremental Opportunity Analysis

    14. Middle East & Africa HVAC Motor Market Analysis and Forecast

        14.1. Regional Snapshot

        14.2. Key Supplier Analysis

        14.3. Key Trends Analysis

            14.3.1. Supply side

            14.3.2. Demand Side

        14.4. Price Trend Analysis

            14.4.1. Weighted Average Selling Price (US$)

        14.5. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Product Type, 2017- 2031

            14.5.1. PSC (Permanent Split Capacitor) Motors

            14.5.2. Split Phase Motors

            14.5.3. Shaded Pole Motors

        14.6. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Speed, 2017- 2031

            14.6.1. Low Speed Motors

            14.6.2. Medium Speed Motors

            14.6.3. High Speed Motors

        14.7. HVAC Motor Market Size (US$ Bn) (Thousand Units), by End-use Industry, 2017- 2031

            14.7.1. Automobile

            14.7.2. Food & Beverages

            14.7.3. Oil & Gas

            14.7.4. Petrochemicals

            14.7.5. Agriculture

            14.7.6. Marine

            14.7.7. Aerospace & Transportation

            14.7.8. Others

        14.8. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017- 2031

            14.8.1. Direct Sales

            14.8.2. Indirect Sales

        14.9. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Country/Sub-region, 2017- 2031

            14.9.1. GCC

            14.9.2. South Africa

            14.9.3. Rest of Middle East & Africa

        14.10. Incremental Opportunity Analysis

    15. South America HVAC Motor Market Analysis and Forecast

        15.1. Regional Snapshot

        15.2. Key Supplier Analysis

        15.3. Key Trends Analysis

            15.3.1. Supply side

            15.3.2. Demand Side

        15.4. Price Trend Analysis

            15.4.1. Weighted Average Selling Price (US$)

        15.5. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Product Type, 2017- 2031

            15.5.1. PSC (Permanent Split Capacitor) Motors

            15.5.2. Split Phase Motors

            15.5.3. Shaded Pole Motors

        15.6. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Speed, 2017- 2031

            15.6.1. Low Speed Motors

            15.6.2. Medium Speed Motors

            15.6.3. High Speed Motors

        15.7. HVAC Motor Market Size (US$ Bn) (Thousand Units), by End-use Industry, 2017- 2031

            15.7.1. Automobile

            15.7.2. Food & Beverages

            15.7.3. Oil & Gas

            15.7.4. Petrochemicals

            15.7.5. Agriculture

            15.7.6. Marine

            15.7.7. Aerospace & Transportation

            15.7.8. Others

        15.8. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Distribution Channel, 2017- 2031

            15.8.1. Direct Sales

            15.8.2. Indirect Sales

        15.9. HVAC Motor Market Size (US$ Bn) (Thousand Units), by Country/Sub-region, 2017- 2031

            15.9.1. Brazil

            15.9.2. Rest of South America

        15.10. Incremental Opportunity Analysis

    16. Competition Landscape

        16.1. Competition Dashboard

        16.2. Market Share Analysis % (2022)

        16.3. Company Profiles [Company Overview, Product Portfolio, Financial Information, (Subject to Data Availability), Distribution channel overview, Business Strategies / Recent Developments]

            16.3.1. ABB

                16.3.1.1. Company Overview

                16.3.1.2. Product Portfolio

                16.3.1.3. Financial Information

                16.3.1.4. (Subject to Data Availability)

                16.3.1.5. Distribution channel overview

                16.3.1.6. Business Strategies / Recent Developments

            16.3.2. Emerson Electric Co

                16.3.2.1. Company Overview

                16.3.2.2. Product Portfolio

                16.3.2.3. Financial Information

                16.3.2.4. (Subject to Data Availability)

                16.3.2.5. Distribution channel overview

                16.3.2.6. Business Strategies / Recent Developments

            16.3.3. GE

                16.3.3.1. Company Overview

                16.3.3.2. Product Portfolio

                16.3.3.3. Financial Information

                16.3.3.4. (Subject to Data Availability)

                16.3.3.5. Distribution channel overview

                16.3.3.6. Business Strategies / Recent Developments

            16.3.4. Hitachi (Johnson Controls)

                16.3.4.1. Company Overview

                16.3.4.2. Product Portfolio

                16.3.4.3. Financial Information

                16.3.4.4. (Subject to Data Availability)

                16.3.4.5. Distribution channel overview

                16.3.4.6. Business Strategies / Recent Developments

            16.3.5. Ingersoll-Rand Plc

                16.3.5.1. Company Overview

                16.3.5.2. Product Portfolio

                16.3.5.3. Financial Information

                16.3.5.4. (Subject to Data Availability)

                16.3.5.5. Distribution channel overview

                16.3.5.6. Business Strategies / Recent Developments

            16.3.6. Mitsubishi Electric

                16.3.6.1. Company Overview

                16.3.6.2. Product Portfolio

                16.3.6.3. Financial Information

                16.3.6.4. (Subject to Data Availability)

                16.3.6.5. Distribution channel overview

                16.3.6.6. Business Strategies / Recent Developments

            16.3.7. Regal Beloit Corporation

                16.3.7.1. Company Overview

                16.3.7.2. Product Portfolio

                16.3.7.3. Financial Information

                16.3.7.4. (Subject to Data Availability)

                16.3.7.5. Distribution channel overview

                16.3.7.6. Business Strategies / Recent Developments

            16.3.8. Rockwell Automation

                16.3.8.1. Company Overview

                16.3.8.2. Product Portfolio

                16.3.8.3. Financial Information

                16.3.8.4. (Subject to Data Availability)

                16.3.8.5. Distribution channel overview

                16.3.8.6. Business Strategies / Recent Developments

            16.3.9. Siemens

                16.3.9.1. Company Overview

                16.3.9.2. Product Portfolio

                16.3.9.3. Financial Information

                16.3.9.4. (Subject to Data Availability)

                16.3.9.5. Distribution channel overview

                16.3.9.6. Business Strategies / Recent Developments

            16.3.10. W. W. Grainger, Inc.

                16.3.10.1. Company Overview

                16.3.10.2. Product Portfolio

                16.3.10.3. Financial Information

                16.3.10.4. (Subject to Data Availability)

                16.3.10.5. Distribution channel overview

                16.3.10.6. Business Strategies / Recent Developments

    17. Key Takeaways

        17.1. Identification of Potential Market Spaces

            17.1.1. By Product Type

            17.1.2. By Speed

            17.1.3. By End-use Industry

            17.1.4. By Distribution Channel

            17.1.5. By Region

        17.2. Understanding the Procurement Process of End-users

        17.3. Preferred Sales & Marketing Strategy

    List of Tables

    Table 1: Global HVAC Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Table 2: Global HVAC Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Table 3: Global HVAC Motor Market Value (US$ Bn), by Speed, 2017-2031

    Table 4: Global HVAC Motor Market Volume (Thousand Units), by Speed 2017-2031

    Table 5: Global HVAC Motor Market Value (US$ Bn), by End-use Industry, 2017-2031

    Table 6: Global HVAC Motor Market Volume (Thousand Units), by End-use Industry 2017-2031

    Table 7: Global HVAC Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 8: Global HVAC Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 9: Global HVAC Motor Market Value (US$ Bn), by Region, 2017-2031

    Table 10: Global HVAC Motor Market Volume (Thousand Units), by Region 2017-2031

    Table 11: North America HVAC Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Table 12: North America HVAC Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Table 13: North America HVAC Motor Market Value (US$ Bn), by Speed, 2017-2031

    Table 14: North America HVAC Motor Market Volume (Thousand Units), by Speed 2017-2031

    Table 15: North America HVAC Motor Market Value (US$ Bn), by End-use Industry, 2017-2031

    Table 16: North America HVAC Motor Market Volume (Thousand Units), by End-use Industry 2017-2031

    Table 17: North America HVAC Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 18: North America HVAC Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 19: North America HVAC Motor Market Value (US$ Bn), by Region, 2017-2031

    Table 20: North America HVAC Motor Market Volume (Thousand Units), by Region 2017-2031

    Table 21: Europe HVAC Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Table 22: Europe HVAC Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Table 23: Europe HVAC Motor Market Value (US$ Bn), by Speed, 2017-2031

    Table 24: Europe HVAC Motor Market Volume (Thousand Units), by Speed 2017-2031

    Table 25: Europe HVAC Motor Market Value (US$ Bn), by End-use Industry, 2017-2031

    Table 26: Europe HVAC Motor Market Volume (Thousand Units), by End-use Industry 2017-2031

    Table 27: Europe HVAC Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 28: Europe HVAC Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 29: Europe HVAC Motor Market Value (US$ Bn), by Region, 2017-2031

    Table 30: Europe HVAC Motor Market Volume (Thousand Units), by Region 2017-2031

    Table 31: Asia Pacific HVAC Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Table 32: Asia Pacific HVAC Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Table 33: Asia Pacific HVAC Motor Market Value (US$ Bn), by Speed, 2017-2031

    Table 34: Asia Pacific HVAC Motor Market Volume (Thousand Units), by Speed 2017-2031

    Table 35: Asia Pacific HVAC Motor Market Value (US$ Bn), by End-use Industry, 2017-2031

    Table 36: Asia Pacific HVAC Motor Market Volume (Thousand Units), by End-use Industry 2017-2031

    Table 37: Asia Pacific HVAC Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 38: Asia Pacific HVAC Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 39: Asia Pacific HVAC Motor Market Value (US$ Bn), by Region, 2017-2031

    Table 40: Asia Pacific HVAC Motor Market Volume (Thousand Units), by Region 2017-2031

    Table 41: Middle East & Africa HVAC Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Table 42: Middle East & Africa HVAC Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Table 43: Middle East & Africa HVAC Motor Market Value (US$ Bn), by Speed, 2017-2031

    Table 44: Middle East & Africa HVAC Motor Market Volume (Thousand Units), by Speed 2017-2031

    Table 45: Middle East & Africa HVAC Motor Market Value (US$ Bn), by End-use Industry, 2017-2031

    Table 46: Middle East & Africa HVAC Motor Market Volume (Thousand Units), by End-use Industry 2017-2031

    Table 47: Middle East & Africa HVAC Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 48: Middle East & Africa HVAC Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 49: Middle East & Africa HVAC Motor Market Value (US$ Bn), by Region, 2017-2031

    Table 50: Middle East & Africa HVAC Motor Market Volume (Thousand Units), by Region 2017-2031

    Table 51: South America HVAC Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Table 52: South America HVAC Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Table 53: South America HVAC Motor Market Value (US$ Bn), by Speed, 2017-2031

    Table 54: South America HVAC Motor Market Volume (Thousand Units), by Speed 2017-2031

    Table 55: South America HVAC Motor Market Value (US$ Bn), by End-use Industry, 2017-2031

    Table 56: South America HVAC Motor Market Volume (Thousand Units), by End-use Industry 2017-2031

    Table 57: South America HVAC Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 58: South America HVAC Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 59: South America HVAC Motor Market Value (US$ Bn), by Region, 2017-2031

    Table 60: South America HVAC Motor Market Volume (Thousand Units), by Region 2017-2031

    List of Figures

    Figure 1: Global HVAC Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Figure 2: Global HVAC Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Figure 3: Global HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Product Type, 2023-2031

    Figure 4: Global HVAC Motor Market Value (US$ Bn), by Speed, 2017-2031

    Figure 5: Global HVAC Motor Market Volume (Thousand Units), by Speed 2017-2031

    Figure 6: Global HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Speed, 2023-2031

    Figure 7: Global HVAC Motor Market Value (US$ Bn), by End-use Industry, 2017-2031

    Figure 8: Global HVAC Motor Market Volume (Thousand Units), by End-use Industry 2017-2031

    Figure 9: Global HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2023-2031

    Figure 10: Global HVAC Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 11: Global HVAC Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 12: Global HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 13: Global HVAC Motor Market Value (US$ Bn), by Region, 2017-2031

    Figure 14: Global HVAC Motor Market Volume (Thousand Units), by Region 2017-2031

    Figure 15: Global HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

    Figure 16: North America HVAC Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Figure 17: North America HVAC Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Figure 18: North America HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Product Type, 2023-2031

    Figure 19: North America HVAC Motor Market Value (US$ Bn), by Speed, 2017-2031

    Figure 20: North America HVAC Motor Market Volume (Thousand Units), by Speed 2017-2031

    Figure 21: North America HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Speed, 2023-2031

    Figure 22: North America HVAC Motor Market Value (US$ Bn), by End-use Industry, 2017-2031

    Figure 23: North America HVAC Motor Market Volume (Thousand Units), by End-use Industry 2017-2031

    Figure 24: North America HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2023-2031

    Figure 25: North America HVAC Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 26: North America HVAC Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 27: North America HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 28: North America HVAC Motor Market Value (US$ Bn), by Region, 2017-2031

    Figure 29: North America HVAC Motor Market Volume (Thousand Units), by Region 2017-2031

    Figure 30: North America HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

    Figure 31: Europe HVAC Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Figure 32: Europe HVAC Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Figure 33: Europe HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Product Type, 2023-2031

    Figure 34: Europe HVAC Motor Market Value (US$ Bn), by Speed, 2017-2031

    Figure 35: Europe HVAC Motor Market Volume (Thousand Units), by Speed 2017-2031

    Figure 36: Europe HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Speed, 2023-2031

    Figure 37: Europe HVAC Motor Market Value (US$ Bn), by End-use Industry, 2017-2031

    Figure 38: Europe HVAC Motor Market Volume (Thousand Units), by End-use Industry 2017-2031

    Figure 39: Europe HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2023-2031

    Figure 40: Europe HVAC Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 41: Europe HVAC Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 42: Europe HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 43: Europe HVAC Motor Market Value (US$ Bn), by Region, 2017-2031

    Figure 44: Europe HVAC Motor Market Volume (Thousand Units), by Region 2017-2031

    Figure 45: Europe HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

    Figure 46: Asia Pacific HVAC Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Figure 47: Asia Pacific HVAC Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Figure 48: Asia Pacific HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Product Type, 2023-2031

    Figure 49: Asia Pacific HVAC Motor Market Value (US$ Bn), by Speed, 2017-2031

    Figure 50: Asia Pacific HVAC Motor Market Volume (Thousand Units), by Speed 2017-2031

    Figure 51: Asia Pacific HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Speed, 2023-2031

    Figure 52: Asia Pacific HVAC Motor Market Value (US$ Bn), by End-use Industry, 2017-2031

    Figure 53: Asia Pacific HVAC Motor Market Volume (Thousand Units), by End-use Industry 2017-2031

    Figure 54: Asia Pacific HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2023-2031

    Figure 55: Asia Pacific HVAC Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 56: Asia Pacific HVAC Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 57: Asia Pacific HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 58: Asia Pacific HVAC Motor Market Value (US$ Bn), by Region, 2017-2031

    Figure 59: Asia Pacific HVAC Motor Market Volume (Thousand Units), by Region 2017-2031

    Figure 60: Asia Pacific HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

    Figure 61: Middle East & Africa HVAC Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Figure 62: Middle East & Africa HVAC Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Figure 63: Middle East & Africa HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Product Type, 2023-2031

    Figure 64: Middle East & Africa HVAC Motor Market Value (US$ Bn), by Speed, 2017-2031

    Figure 65: Middle East & Africa HVAC Motor Market Volume (Thousand Units), by Speed 2017-2031

    Figure 66: Middle East & Africa HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Speed,2023-2031

    Figure 67: Middle East & Africa HVAC Motor Market Value (US$ Bn), by End-use Industry, 2017-2031

    Figure 68: Middle East & Africa HVAC Motor Market Volume (Thousand Units), by End-use Industry 2017-2031

    Figure 69: Middle East & Africa HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2017-2031

    Figure 70: Middle East & Africa HVAC Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 71: Middle East & Africa HVAC Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 72: Middle East & Africa HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 73: Middle East & Africa HVAC Motor Market Value (US$ Bn), by Region, 2017-2031

    Figure 74: Middle East & Africa HVAC Motor Market Volume (Thousand Units), by Region 2017-2031

    Figure 75: Middle East & Africa HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

    Figure 76: South America HVAC Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Figure 77: South America HVAC Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Figure 78: South America HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Product Type, 2023-2031

    Figure 79: South America HVAC Motor Market Value (US$ Bn), by Speed, 2017-2031

    Figure 80: South America HVAC Motor Market Volume (Thousand Units), by Speed 2017-2031

    Figure 81: South America HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Speed, 2023-2031

    Figure 82: South America HVAC Motor Market Value (US$ Bn), by End-use Industry, 2017-2031

    Figure 83: South America HVAC Motor Market Volume (Thousand Units), by End-use Industry 2017-2031

    Figure 84: South America HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by End-use Industry, 2023-2031

    Figure 85: South America HVAC Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 86: South America HVAC Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 87: South America HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2023-2031

    Figure 88: South America HVAC Motor Market Value (US$ Bn), by Region, 2017-2031

    Figure 89: South America HVAC Motor Market Volume (Thousand Units), by Region 2017-2031

    Figure 90: South America HVAC Motor Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2023-2031

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