Pune, India, March, 2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global USA HVAC Motors Market.
Heating, Ventilation & Air Conditioning (HVAC) is the technology of that controls and monitors indoor and vehicular environments. Market Research Future (MRFR) has published a research report about the United States of America (USA) HVAC motors market that anticipates an increase for this market at 7.5% CAGR (Compound Annual Growth Rate) during the forecast period that would end in 2021. By value, the market has been figured to be worth the US $17, 257 mn by the end of the forecast period.
Analyzing the market structure, this report evaluates the future growth potential of the market. It assesses the strategies of the key players in the market and supports the competitive developments like joint ventures, new product developments, mergers & acquisitions, research and developments (R&D) in the market.
The factors helping the USA HVAC motors market growth include the utility, features, demand for the workers' safety and demand for efficient energy management. Regarding utility, HVAC systems are essential in industrial and office buildings to manage the costs of heating and cooling. Their requirement is more in the large structures where different temperature zones throughout the building are required. Motors are used extensively in HVAC systems. Investing in the variable speed drives for motors to reduce speed and save energy does have benefits.
The special features of HVAC motor that help the market growth include ball bearings, heavy-gauge steel base that makes HVAC motor suitable for mounting in any position. The dynamically balanced rotors of HAVC motors enable reduced vibration and quiet operation. Hence, the demand for HVAC motors is increasing across sectors, and they are being used in band saws, drill presses, farm equipment, summer cooling fans, ventilators, and many others. Use of HVAC systems is helping smart electricity companies to come up with an overall energy management plan and ensure continued comfort and safety of their workers without incurring a rise in energy costs. Therefore, HVAC motors are being widely adopted for a variety of applications that at the end of the day reduce electricity consumption.
The USA HVAC motors market can be segmented on the basis of application, type, and lastly, region. The application-based segmentation segments this market into the air conditioner, air handler, fan powered terminal unit, furnace, heat pump, unitary applications, ventilator, and water source heat pump (WSHP). By type, the market has been segmented into condenser fan motors, chiller/cooling tower motors, fan & blower motors, and shaft grounding motors.
The regional segmentation of the USA HVAC motors market segments the market into the regional markets known as California, Texas, Washington, and others. Due to technological advancement, the USA HVAC motors market is growing.
The key players in the USA HVAC motors market include Baldor Motors (USA), Fasco Motors (USA), Genteq Motors (USA), Marathon Electric Motors (India), and US Motors (USA).
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