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Global HVAC Drive Market Share, Trends, Growth, Forecast: By Type: DC Drives, AC Drives, Others; By Power Range: Less Than 10 KW, 10-100 KW, Above 100 KW; By Application: Air Handling Units, Cooling Towers, Pumps, Others; By End Use: Industrial, Residential, Commercial; Regional Analysis; Competitive Landscape; 2024-2032

Leading Manufacturers of HVAC Drives

The market players in the HVAC drive market are introducing novel technologies to stay ahead in the competition, further increasing their collaboration efforts to meet the evolving regulatory landscape

 

ABB Ltd., founded in 1988, is a global technology company that specialises in robotics, power, heavy electrical equipment, and automation technology areas.

 

Mitsubishi Electric Corporation, founded in 1921, is a leading manufacturer of electrical and electronic equipment used in a variety of fields and applications.

 

Johnson Controls, founded in 1885, is a global leader in building products and technology, integrated solutions, and energy storage.

 

Siemens AG, founded in 1847, is a multinational conglomerate company that focuses on areas such as energy, healthcare, and infrastructure.

 

Other major players in the market include Hitachi, Ltd., Eaton Corporation plc, Fuji Electric Co., Ltd., and Yaskawa America Inc., among others.

 

HVAC Drive Market Report Snapshots

HVAC Drive Market Size

HVAC Drive Market Growth

HVAC Drive Market Trends

HVAC Drive Market Share

HVAC Drive Companies

HVAC Drive Market Regional Analysis

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Application
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global HVAC Drive Market Analysis

    8.1    Key Industry Highlights
    8.2    Global HVAC Drive Historical Market (2018-2023) 
    8.3    Global HVAC Drive Market Forecast (2024-2032)
    8.4    Global HVAC Drive Market by Type
        8.4.1    DC Drives
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    AC Drives
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
        8.4.3    Others
    8.5    Global HVAC Drive Market by Power Range
        8.5.1    Less Than 10 KW
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    10-100 KW
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Above 100 KW
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
    8.6    Global HVAC Drive Market by Application
        8.6.1    Air Handling Units
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Cooling Towers
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
        8.6.3    Pumps
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2023)
            8.6.3.3    Forecast Trend (2024-2032)
        8.6.4    Others
    8.7    Global HVAC Drive Market by End Use
        8.7.1    Industrial
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2023)
            8.7.1.3    Forecast Trend (2024-2032)
        8.7.2    Residential
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2023)
            8.7.2.3    Forecast Trend (2024-2032)
        8.7.3    Commercial
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2023)
            8.7.3.3    Forecast Trend (2024-2032)
    8.8    Global HVAC Drive Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2023) 
            8.8.1.3    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2023) 
            8.8.2.3    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2023) 
            8.8.3.3    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2023) 
            8.8.4.3    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2023) 
            8.8.5.3    Forecast Trend (2024-2032)
9    North America HVAC Drive Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2023) 
        9.1.3    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2023) 
        9.2.3    Forecast Trend (2024-2032)
10    Europe HVAC Drive Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2023) 
        10.1.3    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2023) 
        10.2.3    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2023) 
        10.3.3    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2023) 
        10.4.3    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific HVAC Drive Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2023) 
        11.1.3    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2023) 
        11.2.3    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2023) 
        11.3.3    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2023) 
        11.4.3    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2023) 
        11.5.3    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America HVAC Drive Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2023) 
        12.1.3    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2023) 
        12.2.3    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2023) 
        12.3.3    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa HVAC Drive Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2023) 
        13.1.3    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2023) 
        13.2.3    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2023) 
        13.3.3    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2023) 
        13.4.3    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Mitsubishi Electric Corporation
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    ABB Ltd.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Johnson Controls
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Siemens AG
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Hitachi, Ltd.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Eaton Corporation plc
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Fuji Electric Co., Ltd.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Yaskawa America Inc.
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global HVAC Drive Market: Key Industry Highlights, 2018 and 2032
2.    Global HVAC Drive Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global HVAC Drive Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global HVAC Drive Historical Market: Breakup by Power Range (USD Million), 2018-2023
5.    Global HVAC Drive Market Forecast: Breakup by Power Range (USD Million), 2024-2032
6.    Global HVAC Drive Historical Market: Breakup by Application (USD Million), 2018-2023
7.    Global HVAC Drive Market Forecast: Breakup by Application (USD Million), 2024-2032
8.    Global HVAC Drive Historical Market: Breakup by End Use (USD Million), 2018-2023
9.    Global HVAC Drive Market Forecast: Breakup by End Use (USD Million), 2024-2032
10.    Global HVAC Drive Historical Market: Breakup by Region (USD Million), 2018-2023
11.    Global HVAC Drive Market Forecast: Breakup by Region (USD Million), 2024-2032
12.    North America HVAC Drive Historical Market: Breakup by Country (USD Million), 2018-2023
13.    North America HVAC Drive Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Europe HVAC Drive Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Europe HVAC Drive Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Asia Pacific HVAC Drive Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Asia Pacific HVAC Drive Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Latin America HVAC Drive Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Latin America HVAC Drive Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Middle East and Africa HVAC Drive Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Middle East and Africa HVAC Drive Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Global HVAC Drive Market Structure

Key Questions Answered in the Report

In 2023, the global HVAC Drive market attained a value of nearly USD 3.13 billion.

The market is assessed to grow at a CAGR of 5.7% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 5.15 billion by 2032.

The major market drivers are changing lifestyles, rapid urbanisation, increasing demand for electricity and power, and innovative marketing strategies by market players.

The key market trends guiding the growth of the market include the growing adoption of HVAC drive in various industries, technological advancements, and infrastructure development.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The various types that are available in the market are DC drives and AC drives, among others.

The different power ranges available for HVAC drives include less than 10 KW, 10-100 KW and above 100 KW.

The different applications in the market are air handling units, cooling towers, and pumps, among others.

The major market divisions, based on end-use, include industrial, commercial, and residential.

The major players in the market are Mitsubishi Electric Corporation, ABB Ltd., Johnson Controls, Siemens AG, Hitachi, Ltd., Eaton Corporation plc, Fuji Electric Co., Ltd., and Yaskawa America Inc., among others.

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