The global AC motors market is
estimated to expand at 6.90% CAGR during the forecast period. HVAC
motors are designed with balanced rotors to reduce vibrations and noiseless
operations. These motors generally have a power rating ranging from 0.18 kW to
75 kW. Additionally, the horsepower of these motors might vary from 0.25 HP to
100 HP. These motors are primarily used in heavy-duty industrial and commercial
end-use industries. Within these end-use industries, these motors are used in
ventilators, direct drive and belted fans, exhaust fans, air conditioning
units, unit heaters, and refrigeration condensers.
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The increasing demand for HVAC
systems to reduce energy consumption and government regulations and policies
for conserving energy are some of the factors driving the global HVAC motors
market. Additionally, rapid industrialization and growing GDP, especially in
China and India, are presenting several growth opportunities to the global HVAC
motors market. Moreover, governments across the globe are focusing on reducing
energy consumption in industries and households by encouraging them to use energy-saving
techniques. HVAC motors offer an ideal solution for energy saving by increasing
the efficiency of the machines, thereby helping increase the growth of the
global HVAC motors market.
Industry
Segmentation
The global HVAC motors market has
been segmented based on type into condenser fan motors, blower motors, cooling
tower motors, and others. The condenser fan motors segment is expected to
dominate the market, as these motors possess various features, such as
heavy-gauge steel frame construction and ball bearings, make them popular among
customers. These motors can also be mounted in any position.
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Regional
Outlook
Region wise, in 2017, Asia-Pacific
held the largest market share of the global HVAC motors market. It is also
expected that the region would continue to be the largest market during the
forecast period. In Asia-Pacific, China held the largest share in the HVAC
motors market, owing to several beneficial government policies. For instance,
the Ministry of Housing and Urban-Rural Development of P.R. China (MOHURD)
implemented certain standards and protocols related to construction policies regarding
HVAC motor installations.
Leading
Players
Some of the key players in the
global HVAC motors market are WEG (Brazil), Regal Beloit Corporation (US),
Honeywell International Inc. (US), Ingersoll-Rand Plc, (Ireland), Johnson
Controls (US), Mitsubishi Electric (Japan), Danfoss (Denmark), Hitachi (Japan),
LG Electronics (South Korea), ABB (Switzerland), Siemens (Germany), Bosch
Rexroth (Germany), and GE (US).
Scope
of the Report
This research report provides
insights into various levels of analysis, such as industry analysis and market
share analysis for the leading industry competitors, along with their profiles.
It also helps study the target segments by providing views on the emerging
& high-growth segments. The market data comprises the basic assessment of
the competitive scenarios and strategies in the global AC Motors market,
including high-growth regions and/or countries, and political and economic
environments. The project report further provides both – historical market
values and pricing & cost analysis
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