Press Release

HVAC Drive Market Size

HVAC Drive Market Size

The global HVAC drive market reached approximately USD 3.13 billion in 2023. The market is projected to grow at a CAGR of 5.7% between 2024 and 2032, reaching a value of around USD 5.15 billion by 2032.

HVAC Drive Market Size

The global HVAC drive market reached approximately USD 3.13 billion in 2023. The market is projected to grow at a CAGR of 5.7% between 2024 and 2032, reaching a value of around USD 5.15 billion by 2032.    

 

HVAC Drive Market Outlook

  • The APAC region is expected to gain rapid growth in the market due to rising temperatures and climate fluctuation.
  • Modern HVAC drives easily integrate with building automation systems, allowing for centralised control and monitoring.
  • HVAC drives reduce the mechanical stress on motors by regulating start and stop cycles and running speeds.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Power Range
  • Application
  • End Use
  • Region
Breakup by Type
  • DC Drives
  • AC Drives
  • Others
Breakup by Power Range
  • Less Than 10 KW
  • 10-100 KW
  • Above 100 KW
Breakup by Application
  • Air Handling Units
  • Cooling Towers
  • Pumps
  • Others
Breakup by End Use
  • Industrial
  • Residential
  • Commercial
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Mitsubishi Electric Corporation
  • ABB Ltd.
  • Johnson Controls
  • Siemens AG
  • Hitachi, Ltd.
  • Eaton Corporation plc
  • Fuji Electric Co., Ltd.
  • Yaskawa America Inc.
  • Others

 

HVAC Drive Market Report Snapshots

HVAC Drive Market Size

HVAC Drive Market Share

HVAC Drive Market Trends

HVAC Drive Manufacturers

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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