Global HVAC Motor Market– Introduction

  • HVAC motors help to maximize the power and life of HVAC systems. HVAC motors are used as high-speed motors for commercial heating, cooling, and air circulation.
  • HVAC (Heating, Ventilation, and Air Conditioning) motors are designed with dynamically balanced rotors for quiet operation and reduced vibration. HVAC motors range in different sizes from 0.18 – 75 kW (1/4 - 100 HP).
  • HVAC motors are used in designing heavy duty industrial machines as well as for commercial applications that include direct drive and belted fans, ventilators, exhaust fans, air conditioning units, commercial refrigeration condensers, and unit heaters. HVAC motors are designed with variable torque electronic controls which are used to conserve electricity. Additionally, HVAC pumps are used to deliver exceptionally high operating efficiencies, which can minimize energy use and electricity, so as to improve overall comfort in indoor and outdoor applications.
  • HVAC (Heating, Ventilation, and Air Conditioning) is the technology to monitor and control vehicular and indoor environments.
hvac motor market

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Global HVAC Motor Market–Dynamics

Key Drivers of the HVAC Motor Market

  • Growing industrialization in developing and developed countries is expected to drive the HVAC motor market during the forecast period.
  • The rising demand for energy-efficient HVAC motors is mainly driven by stringent electricity consumption standards and increasing electricity prices across the world. This is expected to accelerate the global HVAC motor market over the next few years.
  • Furthermore, stringent designing and manufacturing standards to improve their efficiency is further encouraging manufacturers to develop highly efficient products, which is expected to boost the HVAC motor market.
  • Shifting consumer preference for energy-efficient solutions with superior efficiency, service affordability, and minimum running costs are expected to fuel the growth of the HVAC motor market.   
  • Continuous growth in automobile production is also one of the important factors boosting the growth of the global HVAC motor market across the globe.
  • Rising adoption of electric vehicles across both developed and developing economies is surging the growth of the HVAC motor market. Demand for electric vehicles is expected to record accelerated growth in the upcoming years and HVAC motors are a crucial part in these vehicles. This in turn is expected to boost the growth of the HVAC motor market.
  • One million units of electric cars were sold in 2017 across the globe. China has the world’s largest electric car market and recorded a sale of approximately 580,000 electric cars in 2017.
  • Other major factors driving the growth of the HVAC motor market are rising demand to bring down energy consumption, increasing energy security concerns among consumers, and government tax rebates and tax credit programs.

Asia Pacific to Hold Major Share of the Global HVAC Motor Market during the Forecast Period

  • Asia Pacific is expected to hold a significant share of the global HVAC motor market during the forecast period due to the growing urbanization and increasing population that has led to the increase in commercial and residential constructional activities.
  • Furthermore, rapid industrialization and the fast growing economy in India and China has resulted in high adoption of energy efficient products in the agricultural, industrial, and automotive sectors, which in turn is expected to drive the demand for HVAC motors over the next few years.
  • The HVAC motor market in Europe is anticipated to expand at a significant rate during the forecast period due to growth of automotive and manufacturing sectors in the region. This in turn is expected to propel the market in the region in the next few years.
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Global HVAC Motor Market–Competition Landscape

Key Players Operating in the Global Market

  • The global HVAC motor market is highly concentrated with top manufacturers accounting for approximately 35%–40% of the market share. A few of the key players operating in the global HVAC motor market are listed below:
  • ABB Motors and Mechanical Inc.
  • W.W. Grainger, Inc.
  • General Electric
  • Panasonic Corporation 
  • Nidec Motor Corporation
  • Siemens AG
  • Hoyer Motors
  • Johnson Electric Holdings Limited
  • Rockwell Automation Incorporation
  • Baldor Electric Incorporation
  •  Regal-Beloit Corporation
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Global HVAC Motor Market–Research Scope

The global HVAC Motor Market can be segmented based on:

  • Type
  • Power
  • Voltage Range
  • Speed
  • Distribution channel
  • Application
  • Industry
  • Region

Global HVAC Motor Market, by Type

Based on type, the global HVAC motor market can be divided into:

  • Stepper Motors
  • Linear Motors
  • Servo Motors
  • DC Brushless Motors
  • DC Brushed Motors
  • AC Brushless Motors

Global HVAC Motor Market, by Power

On the basis of power, the global HVAC motor market can be segmented into:

  • AC  motor
  • DC  motor

Global HVAC Motor Market, by Voltage Range

Based on voltage range, the global HVAC motor market can be classified into:

  • 9 V & below
  • 10-20 V
  • 21-60 V
  • 60 V & above

Global HVAC Motor Market, by Speed

Based on speed, the global HVAC motor market can be classified into:

  • Low-speed electric motors (less than 1,000 rpm)
  • Medium-speed electric motors (1,001-25,000 rpm)
  • High-speed electric motors (25,001-75,000 rpm),
  • Ultrahigh-speed electric motors (greater than 75,001 RPM)

Global HVAC Motor Market, by Distribution Channel

Based on distribution channel, the global HVAC motor market can be segregated into:

  • Direct sales (OEM)
  • Indirect sales
  • HVAC motor customers

Global HVAC Motor Market, by Application

Based on application, the global HVAC motor market can be categorized into:

  • Industrial
  • Residential
  • Commercial
  • HVAC Equipment  
  • Drying Process

Global HVAC Motor Market, by Industry

On the basis of industry, the global HVAC motor market can be categorized into:

  • Food & Beverages
  • Oil & Gas
  • Agricultural
  • Marine
  • Automotive
  • Manufacturing Plants
  • Aerospace & Transportation
  • Industrial Machinery
  • Power plants

Global HVAC Motor Market, by Region

Based on region, the global HVAC motor market can be categorized into:

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Sweden
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
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