USA HVAC Motors Market Synopsis:
Heating, Ventilation & Air Conditioning (HVAC)
is the technology of that controls and monitors indoor and vehicular
environments. The USA
HVAC Motors Market Size is poised to reach USD 11,193 million in 2015 from
$17,257 million in 2021, with a CAGR of 7.5% during the forecasted period. 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.
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.
Industry Segmentation
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.
Regional Analysis
The regional overview of the
USA HVAC motors market covers regions such as Washington, California, Texas,
and others. The HVAC motors market in the U.S. is increasing at a speedy pace
and will carry on growing due to enormous demand for HVAC motors in the
application segment such as furnace, unitary, WSHP, heat pump, air conditioner,
ventilator, air handler, and fan-powered terminal unit. The current demand in
the market is being sustained by the production of HVAC motors, which is
increasing. The mounting infrastructure and construction industry are among the
key reasons backing the development of the USA HVAC motors market.
Key Players
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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