USA HVAC Motors Market Information by Types (Chiller/Cooling Tower Motors, Fan and Blower Motors, Condenser Fan Motors and Shaft Grounding Motors), by Applications (Unitary, Furnace, WSHP, Air Conditioner, Heat Pump, Ventilator, Air Handler and Fan Powered Terminal Unit) - Forecast To 2030
ID: MRFR/E&P/0681-CR | October 2020 | Region: Global | 85 pages
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HVAC Motors Market Synopsis
USA HVAC motors market is poised to reach USD 11,193 million in 2015 from USD 34,039.4 million in 2021, with a CAGR of 7.84% during the forecast period 2030.
The USA HVAC motors market has seen a tremendous growth over the past few years and it has been estimated that the growth pattern will continue due to huge demand of HVAC motors in the application segment such as unitary, furnace, WSHP, air conditioner, heat pump, ventilator, air handler and fan powered terminal unit. To meet the current demand it was analyzed that the production of HVAC motors has been increased. The growing infrastructure and construction industry is one of the major reason for this kind of growth.
Segmentation
As per MRFR analysis, the USA HVAC Motors Market has been segmented into:
By Types: chiller/cooling tower motors, fan and blower motors, condenser fan motors and shaft grounding motors
By Applications: unitary, furnace, WSHP, air conditioner, heat pump, ventilator, air handler and fan powered terminal unit
Key Players
The leading market players in the USA HVAC motors market primarily include Baldor, Marathon Electric Motors, Us Motors, Fasco Motors, Genteq Motors and others.
The reports also covers brief analysis of Geographical Region includes:
USA
- California
- Texas
- Washington
- Others
Study Objectives of HVAC Motors Market
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the USA HVAC Motors Market
- To provide insights about factors affecting the market growth
- To Analyse the USA HVAC Motors Market based on various factors- price analysis, supply chain analysis, manufacturing cost structure analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to the United States
- To provide country-level analysis of the market with respect to the current market size and future prospective
- To provide country-level analysis of the market for segment by types and applications
- To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
- To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the USA HVAC Motors Market
HVAC (Heating, Ventilation and Air Conditioning) is the technology of controlling and monitoring indoor and vehicular environments. Sometimes, HVAC is used to characterize the added field of Refrigeration. HVAC systems are needed in office and industrial buildings to manage the costs of cooling and heating, specifically when the assembly is large and it needs different temperature zones across the building.
The market report for HVAC Motors Marketof Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size |
|
| CAGR | 7.84% CAGR (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Types and applications |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Baldor, Marathon Electric Motors, Us Motors, Fasco Motors, Genteq Motors and others. |
| Key Market Opportunities | Huge demand of HVAC motors in the application segment |
| Key Market Drivers | Growing infrastructure and construction industry |
Frequently Asked Questions (FAQ) :
The growth pattern change because of huge demand of HVAC motors in the application segment such as unitary, furnace, WSHP, air conditioner, heat pump, ventilator, air handler and fan powered terminal unit are the key drivers of the market.
Baldor, Marathon Electric Motors, Us Motors, Fasco Motors, Genteq Motors are the key companies leading in the market share.
The types and applications are the segments of the market.
2015 to 2021 is the growth period of the market.
The market will be recording a CAGR of 7.5% in the forecasted period.
